h2_19821225.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1982 No. 52)

Actions of the Board; Applications and Reports

Received During the Week Ending December 25, 1982

APPLICABLE RESERVE BANK

Chicago

Chicago

Chicago

Boston

New York

ACTIONS OF THE BOARD

Adoption of amendment in f i na l form to Regulation D, Reserve Requirements of Depository I ns t i t u t i ons , def in ing as transact ion accounts time deposits issued in connection with an agreement permit t ing the depositor to obtain c red i t by check or s im i la r devices fo r the purpose of making payments or t ransfers to t h i r d par t ies (Docket No. R-0424)

Federal Reserve Board requested comment by February 13, 1983, on a revised fee schedule fo r book entry secur i t ies services (computer recording of govern-ment secur i t ies and related wire t ransfers) (Docket No. R-0443)

Pinney State Bank, Cass C i t y , Michigan, extension of time to February 12, 1983, w i th in which to establ ish a drive-up branch f a c i l i t y at 4460 Seeger Street , Cass C i ty , Michigan. JJ

Fort Madison Bank & Trust Co., Fort Madison, Iowa, an investment in bank premises. \J

Rock Island Bank, Rock Is land, I l l i n o i s , an investment in bank premises. 1/

Baybank United N.A., Taunton, Massachusetts, pro-posed merger with Baybank Merchants, N.A., New Bedford, Massachusetts, report to the Comptroller o f the Currency on competit ive fac tors . V

Union Trust Company, Stamford, Connecticut, pro-posed assumption of cer ta in l i a b i l i t i e s of three branches of the Banking Center, Waterbury, Connecticut, report to the Federal Deposit Insurance Corporation on competitive fac tors . V

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

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

H.2, 1982 No. 52 - 2 -

ACTIONS OF THE BOARD - Continued

New York

Richmond

Chicago

Chicago

Chicago

St. Louis

St. Louis

F i rs t National Bank of Central Jersey, Bridgewater, New Jersey, proposed consolidation with Ultra National Bank, Bridgewater, New Jersey, report to the Comptroller of the Currency on competitive factors. J /

Kershaw Branch of F i rs t National Bank of South Carolina, Columbia, South Carolina, proposed purchase of assets and assumption of deposit l i a b i l i t i e s by the Fi rs t Citizens Bank and Trust Company of South Carolina, Columbia, South Carolina, report to the Federal Deposit Insurance Corporation on competitive factors. \J

Community Bank & Trust Company of Edgewater, Chicago, I l l i n o i s , proposed merger with Edgewater State Bank, Chicago, I l l i n o i s , under the charter of Edgewater State Bank and t i t l e of Community Bank & Trust Company of Edgewater, report to the Federal Deposit Insurance Corporation on com-pe t i t i ve factors. V

Bank of North Aurora, North Aurora, I l l i n o i s , proposed merger with N.A. Bank, North Aurora, under the charter of the Bank of North Aurora and t i t l e of Bank of North Aurora, report to the Federal Deposit Insurance Corporation on competitive factors. V

M&I F i rs t National Bank, West Bend, Wisconsin, proposed merger with The F i rs t National Bank of West Bend, Wisconsin, under the charter of M&I F i rs t National Bank and t i t l e of M&I F i rs t National Bank, report to the Comptroller of the Currency on competitive factors. JJ

Mehlv i l le Bank, St. Louis, Missouri, proposed merger with Gravois Bank at Mehlv i l le , St. Louis, Missouri, report to the Federal Deposit Insurance Corporation on competitive factors. \J

Jackson County Bank, Seymour, Indiana, proposed merger with J.C.B. Service Bank, Seymour, Indiana, report to the Federal Deposit Insurance Corporation on competitive factors. V

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


H.2, 1982 No. 52 - 3 -


Dal las

Dal 1 as

San Francisco

San Francisco

San Francisco

San Francisco

San Francisco

A l l ied Bank Southwest Freeway, Houston, Texas, proposed merger with Texas Bank & Trust Company of Houston, Houston, Texas, report to the Federal Deposit Insurance Corporation on com-pe t i t i ve factors. V

RepublicBank Midland, National Association, Midland, Texes, proposed merger with Texas National Bank of Midland, Texas, report to the Comptroller of the Currency on competitive factors. ]_/

Central Bank, Oakland, Cal i forn ia , proposed merger with Solano County Bank, Fa i r f i e l d , Cal i forn ia , under the charter and t i t l e of the former, report to the Federal Deposit Insurance Corporation on competitive factors. 1/

Peoples Savings and Loan Association, Honolulu, Hawaii, proposed merger with and into Peoples National Bank, Honolulu, Hawaii, a proposed new bank, under the charter and t i t l e of the l a t t e r , report to the Comptroller of the Currency on competitive factors. J /

Brementon Branch of State Mutual Savings Bank, Tacoma, Washington, proposed purchase of assets and assumption of l i a b i l i t i e s by Kitsap County Bank, Port Orchard, Washington, under the charter and t i t l e of the l a t t e r , report to the Federal Deposit Insurance Corporation on com-pe t i t i ve factors. 1/

Sun Capital Bank, St. George, Utah, proposed merger with Interstate Bank of Utah, N.A., Salt Lake Ci ty , Utah, under the charter and t i t l e of the l a t t e r , report to the Comptroller of the Currency on competitive factors. J /

Interim Meridian National Bank, Pleasant H i l l , Ca l i fo rn ia , proposed merger with Meridian National Bank, Pleasant H i l l , Ca l i fo rn ia , under the charter and t i t l e of the l a t t e r , report of the Comptroller of the Currency on competitive factors. ]_/

T 7 Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 52 - 4 -


Richmond

Richmond

Richmond

Chicago

Chicago

Dallas

Dal las

F i rs t Palmetto Bancshares Corp., Columbia, South Carolina, extension of time to Apr i l 28, 1983, wi th in which to become a bank holding company through the acquisit ion of F i rs t Palmetto State Bank & Trust Company, Columbia, South Carolina. 1/

Financial Future Corporation, Ceredo, West Vi rg in ia, extension of time to February 8, 1983, wi thin which to become a bank holding company through the acquisit ion of the successor by merger to F i rs t Bank of Ceredo, Ceredo, West Vi rg in ia. J_/

Intermountain Bankshares, Inc. , Charleston, West V i rg in ia , extension of time to March 30, 1983, wi th in which to become a bank holding company through the acquisi t ion of the successors by merger to Kanawha Banking & Trust Company National Association, Charleston; Teays Valley National Bank, Scott Depot; Community Bank and Trust, N.A., Fairmont; Middletown National Bank, Fairmont; National Bank of Monongah, Monongah; and Mountaineer National Bank, Morgantown, West Vi rg in ia. ] /

Galva Investment, Inc . , Galva, I l l i n o i s , extension of time to January 21, 1983, wi thin which to become a bank holding company through the acquisi t ion of 80 percent or more of the voting shares of Community State Bank of Galva, Galva, I l l i n o i s . 1/

Hampton Park Corporation, Romeoville, I l l i n o i s , extension of time to January 28, 1983, wi th in which to acquire 80 percent or more of the voting shares of The Palwaukee Bank, Prospect Heights, I l l i n o i s . ]J

Texas Commerce Bancshares, Inc . , Houston, Texas, extension of time to March 22, 1983, within which to acquire Texas Commerce Bank-Greens Crossing, N.A., Houston, Texas. \J

Security Holding Company, Fredericksburg, Texas, extension of time to January 16, 1983, within which to acquire Security Financial Corporation of Fredericksburg, Fredericksburg, Texas. 1/

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


H.2, 1982 No. 52 - 5 -


Dallas Mercantile Texas Corporation, Dallas, Texas, ex-tension of time to January 31, 1983, within which to acquire Ashford Bank, Houston, Texas. ] J

Dallas Landmark Financial Group, Inc . , Fort Worth, Texas, extension of time to February 28, 1983, wi thin which to acquire Mercantile Bank of Fort Worth, Texas. 1/

Dallas F i rs t Republic Bancshares, Inc . , Rayvi l ie, Louisiana, extension of time to January 30, 1983, within which to acquire F i rs t Republic Bank, Rayvi l le, Louisiana. 1/

Dallas Dallas Guaranty Bancshares, Inc . , Dallas, Texas, ex-tension of time to March 9, 1983, wi th in which to acquire Guaranty Bank, Dallas, Texas. J_/

Dallas Texas Commerce Bancshares, Inc . , Houston, Texas, extension of time to March 15, 1983, wi thin which to acquire Texas Commerce Bank-Champions Park, N.A., Texas. 1/

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


H.2, 1982 No. 52 - 6 -


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

Approved New York United Counties Trust Company, Springf ield, New

Jersey. To establish a branch at the southeast corner of Shrewsburgh and Sycamore Avenues, Shrewsburgh, New Jersey. J /

Philadelphia The Bank of New Jersey, Moorestown, New Jersey. To establish an o f f - s i t e electronic f a c i l i t y at Cooper Medical Center, One Cooper Plaza, Camden, New Jersey. 1/

* * * * *

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

Not Disapproved The Citizens Bank Holding Corporation, Drumright,

Oklahoma. 1_/

Stanley Bancshares, Inc. , Stanley, Kansas. ] /

Kansas City

Kansas City

* * * * *

Applications and Noti f icat ions for International Investments and Other Actions Pursuant to Sections 25 and 25(a)

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

Approved New York Irv ing Trust Company, New York, New York: grants

consent to purchase and hold, d i rec t l y or i nd i rec t l y , 20 percent of the voting shares and 35 percent of the equity of Banca del la Svizzera I ta l iana, Lugano, Switzerland.

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

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

H.2, 1982 No. 52 - 7 -


New York Manufacturers Hanover International Banking Cor-poration, Miami, Florida: grants consent for the Board's a f ter - the- fac t approval for two investments in the capital stock of Manufacturers Hanover International Banking Corporation, and to amend Ar t i c le SEVENTH of i t s Art ic les of Association to re f lec t the capital increase.

Sixty-Day Not i f icat ion Period Allowed to Expire New York Citibank Overseas Investment Corporation, Wilmington,

Delaware: no objection to continue to hold shares, d i rec t l y or i nd i rec t l y , of Banco Internacional de Colombia, S.A., Bogota, Colombia, af ter Banco, d i rec t l y or i nd i rec t l y , makes an additional invest-ment in Compania Colombiana de Financiamentos, S.A., Bogota, Colombia.

San F i rs t Hawaiian, Inc. , Honolulu, Hawaii: to make an Francisco additional investment in Japan Hawaii Finance K.K.

* * * * *

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

Approved New York Banco Cafetero International Corporation, New

York, New York: grants consent to establish and operate a branch in Miami, Florida and to amend A r t i c l e FOURTH of Edge's Ar t ic les of Association.

* * * * *

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

Withdrawn Atlanta UBF Corporation, Dade Ci ty , Flor ida, for approval

to acquire at least 80 percent of the voting shares of The Bank of Pasco County, Dade Ci ty , Flor ida. V




San Francisco

New York

Philadelphia

At l anta

Atlanta

Atlanta

Atlanta

Chicago

Chicago

Golden Valley Bancorp, Turlock, Cal i forn ia , for approval to acquire 100 percent of the voting shares of Golden Valley Bank, Turlock, Cal i forn ia.

Approved Meadow!ands Bancorp., Garf ie ld, New Jersey, fo r

approval to acquire 100 percent of the voting shares of County Trust Company, Garf ield, New Jersey. V

F i rs t Lehigh Corporation, Walnutport, Pennsylvania, for approval to acquire 100 percent of the voting shares of Walnutport State Bank, Walnutport, Pennsylvania. J /

F i rs t Chatsworth Bankshares, Inc . , Chatsworth, Georgia, for approval to acquire 100 percent of the voting shares of The F i rs t National Bank of Chatsworth, Chatsworth, Georgia. \j

Fi rs t City Bancshares, Inc. , Gainesvi l le, Flor ida, for approval to acquire at least 80 percent of the voting shares of F i rs t City Bank of Gainesvil l Gainesvil le, Flor ida.

Mountain Bancshares, Inc . , Tracy Ci ty , Tennessee, for approval to acquire at least 80.79 percent of the voting shares of F i rs t Bank and Trust, Tracy Ci ty , Tennessee. 1/

Vista Banks, Inc . , DeLeon Springs, Flor ida, for approval to acquire 100 percent of the voting shares of DeLeon Springs Bank, DeLeon Springs, Flor ida. V

BAYARD BANC0RP0RATI0N, Bayard, Iowa, for approval to acquire at least 80 percent of the voting shares of The Farmers State Bank, Bayard, Iowa. 1/

FIRST NATIONAL BANKSHARES, INC., Logansport, Indiana fo r approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of the successor by merger to The F i rs t National Bank of Logansport, Logansport, Indiana. J_/

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


H.2, 1982 Mo. 52 - 9 -


Chicago

St. Louis

St. Louis

Minneapolis

Minneapolis

Kansas City

Kansas City

Kansas City

Kansas City

Merchants and Manufacturers Bancorporation, Inc . , Milwaukee, Wisconsin, for approval to acquire at least 80 percent of the voting shares of Lincoln State Bank, Milwaukee, Wisconsin and Franklin State Bank, Frankl in, Wisconsin, a proposed new bank. J_/

CB&T Bancshares, Inc . , F l ipp in , Arkansas, for approval to acquire at least 80 percent of the voting shares of Citizens Bank and Trust Company, F l ipp in , Arkansas. J_/

Clark Financial Corporation, def fersonv i l le , Indiana, for approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of the successor by merger to The Clark County State Bank, def fersonv i l le , Indiana. V

Hanisch Bankshares, L td . , Crosby, North Dakota, for approval to acquire 100 percent of the voting shares of Farmers State Bank of Crosby, North Dakota, Crosby, North Dakota. 1/

Vernon Center Bancshares, Inc . , Vernon Center, Minnesota, for approval to acquire at least 89.6 percent of the voting shares of State Bank of Vernon Center, Vernon Center, Minnesota. 1_/

Ameribank Corporation, Shawnee, Oklahoma, for approval to acquire 100 percent of the voting shares of AmeriCorp, Shawnee, Oklahoma and ind i rec t l y acquire American National Bank and Trust Company of Shawnee, Shawnee, Oklahoma. V

Bancshares of Glasgow, Inc . , Glasgow, Missouri, for approval to acquire at least 80 percent of the voting shares of Tri-County Trust Company, Glasgow, Missouri. V

Charter Bancshares, Inc . , Oklahoma Ci ty , Oklahoma, for approval to acquire 100 percent of the voting shares of Charter National Bank, Oklahoma Ci ty , Oklahoma, a proposed new bank. 1/

Hazel ton Bancshares, Inc . , Hazel ton, Kansas, for approval to acquire at least 84 percent of the voting shares of The Farmers State Bank, Hazel ton, Kansas. 1/

J7 Application processed on behalf of the Board of Governors under ~ delegated author i ty .


H.2, 1982 No. 52 - 10 -


Kansas City Second Security Bankshares, Inc . , Miami, Oklahoma, for approval to acquire at least 80 percent of the voting shares of Security Holding Company, Miami, Oklahoma, and ind i rec t ly acquire Security Bank and Trust Company, Miami, Oklahoma. J /

Dallas F i rs t Pecos Bancshares, Inc. , Midland, Texas, for approval to acquire at least 80 percent of the voting shares of The F i rs t National Bank of Pecos, Pecos, Texas. 1_/

Dallas Sabine Bancshares, Inc. , Many, Louisiana, for approval to acquire at least 80 percent of the voting shares of Sabine State Bank & Trust Company, Many, Louisiana. 1/

Denied St. Louis MB Sub, Inc . , St. Louis, Missouri, for approval to

acquire 100 percent of the voting shares of F i rs t Missouri Banks, Inc. ; Manchester, Missouri.

* * * * *

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

Approved Boston Century Bancorp, Inc . , Somerville, Massachusetts,

f o r approval to acquire 100 percent of the voting shares of The Bank of Massachusetts, Chelsea, Massachusetts. J_/

Boston Hartford National Corporation, Hartford, Connecticut, fo r approval to acquire 100 percent of the voting shares of Mattatuck Bank and Trust Company, Water-bury, Connecticut.

New York Northeast Bancorp, Inc . , New Haven, Connecticut, for approval to acquire 100 percent of the voting shares of Security Bank & Trust, Bloomfield, Connecticut. V


I


H.2, 1982 No. 52 - 11 -


Atlanta

Atlanta

Chicago

Minneapolis

Kansas City

Dallas

Dallas

Dallas

Dallas

AmSouth Bancorporation, Birmingham, Alabama, for approval to acquire 100 percent of the voting shares of State Bank of the Gulf, Gulf Shores, Alabama. V

Bank of Florida Corporation, St. Petersburg, F lor ida, for approval to acquire 100 percent of the voting shares of Bank of Flor ida, N.A., Chiefland, Flor ida, a proposed new bank.

Arnold Buschman Enterprises, Inc . , Fox Lake, I l l i n o i s , for approval to acquire an additional 39.63 percent of the voting shares of Fox Lake State Bank, Fox Lake, I l l i n o i s . J /

Raldon, Inc . , B i l l i ngs , Montana, for approval to acquire at least 65.1 percent of the voting shares of Powder River County Bank, Broadus, Montana. 1_/

OMNIBANCORP, Denver, Colorado, for approval to acquire 100 percent of the voting shares of 0MNIBANK, Arapahoe, N.A., Arapahoe County, Colorado, a proposed new bank. !_/

Balch Springs Bancshares, Inc . , Balch Springs, Texas, fo r approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of Central National Bank, Dallas, Texas, a proposed new bank. J /

Bank Securi t ies, Inc . , Albuquerque, New Mexico, for approval to acquire 80 percent of the voting shares of American National Bank of Santa Fe, Santa Fe, New Mexico, a proposed new bank.

F i rs t City Bancorporation of Texas, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of F i rs t City Bank-Westheimer Plaza, N.A., Houston, Texas, a proposed new bank. V

Independent Bankshares, I nc . , Abilene, Texas, for approval to acquire 100 percent of the voting shares of F i rs t State Bank of Wylie, N.A., Abilene, Texas, a proposed new bank. 1/



H.2, 1982 No. 52 - 12 -


Denied St. Louis Manufacturers Bancorp, Inc. , St. Louis, Missouri,

for approval acquire through MB Sub, Inc . , F i rs t Missouri Banks, Inc. , Manchester, Missouri and ind i rec t ly acquire F i rs t Missouri Bank and Trust Company of Creve Coeur, Creve Coeur; F i rs t Missouri Bank of El 1 i s v i l i e , E l l i s v i l l e ; F i rs t Missouri Bank of Franklin County, Gerald; F i rs t Missouri Bank of Gasconade County, Hermann; F i rs t Missouri Bank of Jefferson County, Arnold; F i rs t Missouri Bank of Montgomery County, Mont-gomery Ci ty ; F i rs t Missouri Bank of Charles County, Wentzvil le; F i rs t Missouri Bank of St. Francois, Flat River; F i rs t Missouri Bank of Warren County, Warrenton; F i rs t Missouri Bank of Washington, Washington, a proposed new bank; F i rs t Missouri Bank of West County, Chesterfield (P.O. Ball win); and F i rs t Missouri Bank, N.A., Valley Park, a proposed new bank, a l l located in Missouri.

* * * * *


Approved Atlanta Barnett Banks of Flor ida, Jacksonvil le, Flor ida,

for approval to merge with Great American Banks, Inc . , North Miami, Florida and ind i rec t ly Great American Bank of Dade County, North Miami, Flor ida; Great American Bank of North Miami Beach, North Miami Beach, Flor ida; Great American Bank of Broward County, Fort Lauderdale, Flor ida; Great American Bank of Davie, Davie, Flor ida; Great American Bank of Florida Keys, Tavernier, Flor ida; Great American Bank of Tampa, Tampa, Flor ida; Great American Bank of Pinel las, Clearwater, Flor ida; and Great American Bank of Gainesvi l le, Gaines-v i l l e , Florida.

Dallas F i rs t Security National Corporation, Houston, Texas, for approval to merge with Graham National Ban-corporation, Graham, Texas, and ind i rec t ly acquire The Graham National Bank, Graham, Texas.


H.2, 1982 No. 52 - 13 -


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

Withdrawn Atlanta CNB Corporation, New Orleans, Louisiana, for

approval to acquire 100 percent of the voting shares of Th r i f t Acceptance Corporation, New Orleans, Louisiana. 1/

Cleveland

Atlanta

St. Louis

Kansas City

Approved BancOhio Corporation, Columbus, Ohio, for approval

to acquire W. Lyman Case 8 Company, Columbus, Ohio, by purchasing certain assets and assuming certain l i a b i l i t i e s of WLC consisting of i t s mortgage loan production and mortgage loan ser-vicing a c t i v i t i e s .

Barnett Banks of Flor ida, Jacksonvil le, Flor ida, for approval to acquire 100 percent of the voting shares of American Bancshares Insurance Agency, Inc . , North Miami, Flor ida; American Bancshares Mortgage Company, Inc . , North Miami; American Properties Holding Company, Inc . , North Miami and American Bancshares Services, Inc . , Miami, Flor ida.

Area Bancshares Corporation, Hopkinsvi l le, Kentucky, for approval to acquire j o i n t l y with North American Financial Services, L td . , Davenport, Iowa, DATANET, Inc . , Hopkinsvi l le, Kentucky.

Ameribank Corporation, Shawnee, Oklahoma, for approval to engage ind i rec t l y through Bankers Insurance Agency of Shawnee, Inc . , Shawnee, Oklahoma, in the sale of l i f e accident and health, and mortgage cancellation insurance d i rec t l y related to extensions of credi t by American National Bank and Trust Company of Shawnee, Shawnee, Oklahoma. 1/

St. Louis Denied

Manufacturers Bancorp, Inc . , St. Louis, Missouri, for approval to acquire 100 percent of the voting shares of F i rs t Missouri Insurance Group, Inc. , Manchester, Missouri; F i rs t Properties, Inc . , Manchester, Missouri and St. Louis Computer Center, Inc . , Creve Coeur, Missouri.



H.2, 1982 No. 52 - 14 -


Reactivated Chicago Midland Mortgage Corporation, Detro i t , Michigan,

no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (to engage in the or ig inat ion and servicing of d i rect loans to bui lders, developers, consumers and others for purposes of acquis i t ion, construction, and rehabi l i ta t ion of real property and improvements to real property; and to otherwise engage in mortgage banking) ac t i v i t i es would be conducted on a national basis from of f ices located at : 600 Cleveland (Main Of f ice) , Suite 1090, Clearwater, Flor ida; 360 Fi rs t National Building, Det ro i t , Michigan; 2401 Camelot Court, S.E., Grand Rapids, Michigan; 201 East Pine Street, Suite 524, Orlando, Flor ida; and 2143 Hurley Way, North Suite 230, Sacramento, Cal i forn ia, through i t s subsidiary, Midland Mortgage Investments Corporation (12/21/82)

Permitted New York The Hongkong and Shanghai Banking Corporation, Hong

Kong, B.C.C., requests permission to expand the ac t i v i t i e s of an exist ing o f f i ce (commercial finance a c t i v i t i e s , including making instal lment, conditional sales, and working capital loans secured by commercial and industr ia l equipment) in Larchmont, New York, serving the ent i re con-t inental United States, through i t s subsidiary, U. S. Concord, Inc. (12/23/82) 3/

Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, no t i f i ca t ion of intent to engage in de novo a c t i v i t i e s (providing real estate por t fo l io invest-ment advice, including: ( i ) serving as the advisory company for a mortgage or real estate investment t r u s t ; ( i i ) serving as investment advisor, as defined in Section 2(a)(20) of the Investment Company Act of 1940, to an investment company registered under that Act; ( i i i ) furnishing general economic information and advice, general economic s ta t i s t i ca l forecasting services and industry studies; and ( iv ) providing f inancial advice to State and local governments, such as with respect to the issuance of the i r securi t ies) at 551 Madison Avenue, New York, New York, through i t s subsidiary, Mellon Financial Services Cor-poration #2 (12/23/82) 3/

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


H.2, 1982 No. 52 - 15 -


Cleveland

Chicago

Dal las

Dal las

San Francisco

Mellon National Corporation, Pittsburgh, Pennsylvania, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( to engage in the l imi ted purpose leasing of four a i r c ra f t whereby the lease serves as the functional equivalent of an extension of credi t in compliance with Section 225.4(a)(6) of Regulation Y) at the Mellon Bank Bui lding, Mellon Square, Pittsburgh, Pennsylvania, through i t s subsidiary, Mellon Inter-national A i rc ra f t Leasing Corporation #2 (12/24/82) 2/

Midland Mortgage Corporation, Detro i t , Michigan, n o t i f i -cation of intent to engage in de novo ac t i v i t i es ( to engage in the or ig inat ion and servicing of direct loans to bui lders, developers, consumers and others for pur-poses of acquis i t ion, construction, and rehabi l i ta t ion of real property and improvements to real property; and to otherwise engage in mortgage banking) ac t i v i t i es would be conducted on a national basis from of f ices located a t : 600 Cleveland (Main Of f ice) , Suite 1090, Clearwater, Flor ida; 360 F i rs t National Building, Det ro i t , Michigan; 2401 Camelot Court, S.E., Grand Rapids, Michigan; 201 East Pine Street, Suite 524, Orlando, Flor ida; and 2143 Hurley Way, North Suite 230, Sacramento, Cal i forn ia , through i t s subsidiary, Midland Mortgage Investments Corporation (12/23/82) 3/

Coronado Bancshares, Inc . , El Paso, Texas, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (leasing to consumer and commercial businesses personal items of property and equipment) at 6004 North Mesa, El Paso, Texas and serving the trade area consisting pr imar i ly of El Paso County, Texas, through i t s subsidiary, Coronado Capital Leasing Corporation, d/b/a Coronado Leasing Corporation (12/20/82) y

Merkel Bancshares, Inc . , Merkel, Texas, no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (making leases of personal property in accordance with the Board's Regulation Y) in Merkel, Texas, serving Texas, through i t s wholly-owned subsidiary, MBS Leasing, Inc. (12/23/82) 3/

BankAmerica Corporation, San Francisco, Cal i forn ia, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (making or acquiring for tTfeir own account loans and other extensions of credi t such as would be made or acquired by a finance

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

I


H.2, 1982 No. 52 - 1 6 -


company; servicing loans and other extensions of c red i t ; and o f fer ing credi t - re lated l i f e insurance and credi t - re lated accident and health insurance, credi t - re la ted property insurance w i l l not be offered in the State of New York; the ac t i v i t i es of BA FinanceAmerica w i l l include, but not be l imi ted to , making consumer installment loans, making loans and other extensions of credi t to small businesses and making loans and other ex-tensions of credi t secured by real and personal property; the ac t i v i t i es BAG Credit w i l l include, but not be l imi ted t o , purchasing installment sale finance contracts; both corporations w i l l be o f fer ing credi t - re lated l i f e and cred i t -related accident and health insurance d i rec t l y related to extensions of credi t made or acquired by BA FinanceAmerica Corporation and BAC Credit Corporation) at Store W-14, Northern Lights Mall, Routes 81 and 11, Syracuse, New York, serving the ent i re State of New York, through i t s indi rect subsidiar ies, BA FinanceAmerica Corporation and BAC Credit Corporation (New York corporations) (12/24/82) 3/

San Crocker National Corporation, San Francisco, Cal i forn ia, Francisco Midland Bank p ic , and Midland Cal i fornia Holdings,

L td . , both of London, England, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( in the underwriting and reinsuring of credi t l i f e and credi t accident and health insurance d i rec t l y related to extensions of credi t by Crocker National Corporation's bank and nonbank subsidiaries in the State of Cal i fornia) at 74 New Montgomery Street, San Francisco, Cal i forn ia , through a subsidiary, Crocker Li fe Insurance Company (12/19/82) 3/

F i rs t Security Corporation, Salt Lake Ci ty , Utah, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (making or acquiring loans and other extensions of credi t such as would be made by a mortgage banking company, including making both resident ial and commercial mortgage loans for i t s own por t fo l i o and for sale to others, and the servicing of such loans for others) at 2900 South Wilcrest, Suite 103, Houston, Texas, serving Houston and a l l of Harris County; as business can be developed for mortgages in

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

San Francisco


H.2, 1982 No. 52 - 17 -


surrounding areas, th i s o f f i ce w i l l also serve those portions of the fol lowing adjacent counties which are closest to Houston: Fort Bend, Waller, Montgomery, Chambers and Galveston, through i t s subsidiary, Utah Mortgage Loan Corporation (12/25/82) 3/

San F i rs t Security Corporation, Salt Lake Ci ty , Utah, Francisco no t i f i ca t ion of intent to engage in de novo

ac t i v i t i e s (making or acquiring loans and other extensions of credi t such as would be made by a mortgage banking company, including making both resident ial and commercial mortgage loans for i t s own po r t fo l i o and for sale to others, and the servicing of such loans for others) at 632 West Southern Avenue, Mesa, Arizona, serving Mesa, the southern half of Maricopa County and the northern portion of Pinal County, through i t s exist ing subsidiary, Utah Mortgage Loan Corporation (12/25/82) 3/

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

I


H.2, 1982 No. 52 - 18 -

APPLICATIONS RECEIVED

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

Dallas North Texas Bank & Trust, Gainesvi l le, Texas. 2J

* * * * *

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

Cleveland Somerset Trust Company, Somerset, Pennsylvania. To establish an ATM branch at Seven Springs Resort, R.D. #1, Champion, Pennsylvania. 2/

* * * * *

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

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

Act of 1956, as amended

Citibank Overseas Investment Corporation, Wilmington Delaware: pr ior no t i f i ca t ion of i t s intent to make an additional investment in Cit icorp Location (France) S.A., Paris, France.

Citibank Overseas Investment Corporation, Wilmington Delaware: p r io r no t i f i ca t ion of i t s intent to make an additional investment, d i rec t l y or in -d i r ec t l y , in Diners Club International (Hong Kong) L td . , Hong Kong.

* * * * *

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

New York NB Holding Corporation, Portland, Maine for approval to acquire 100 percent of the voting shares of the successor by merger to Northeast Bankshare

New York

New York

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


H.2, 1982 No. 52 - 19 -

APPLICATIONS RECEIVED - Continued

Association, Portland, Maine and ind i rect ly 99.05 percent of Northeast Bank, Portland, Maine; 100 percent of Northeast Bank & Trust Co., Bangor, Maine; 100 percent of Northeast Bank N.A. of Farmington, Farmington, Maine; 95.63 percent of Northeast Bank of Gui l ford, Gui l ford, Maine; 100 percent of Northeast Bank of Lincoln, Lincoln, Maine; and 100 percent of Northeast Bank of Mi l l inocket , Mi l l inocket , Maine. 2/

Philadelphia

Cleveland

Cleveland

Richmond

Atlanta

Atlanta

Chicago

ACNB Corporation, Gettysburg, Pennsylvania, for approval to acquire 100 percent of the voting shares of Adams County National Bank, Gettysburg, Pennsylvania. ZJ

Fi rs t Bancshares, Inc. , Bellevue, Ohio, for approval to acquire 100 percent of the voting shares of The F i rs t National Bank of Bellevue, Bellevue, Ohio. 2/

Mountain Bancorp, Inc. , West L iberty, Kentucky, for approval to acquire at least 80 percent and up to 100 percent of the voting shares of Bank of the Mountains, Inc. , West Liberty, Kentucky. 2/

The Planters Corporation, Rocky Mount, North Carolina, for approval to acquire 100 percent of the voting shares of the successor by merger to The Planters National Bank and Trust Company, Rocky Mount, North Carolina. 2/

F i rs t Acadian Bancshares, Inc. , Thibodaux, Louisiana, for approval to acquire 92.5 percent of the voting shares of Acadian Bank, Thibodaux, Louisiana. 2/

F i rs t North Port Bancorp, North Port, Flor ida, for approval to acquire 100 percent of the voting shares of North Port Bank, North Port, Flor ida. 2/

F.A.B. BANCORP, INC., Aurora, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of the successor by merger to F i rs t American Bank of Aurora, Aurora, I l l i n o i s . 2/

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


H.2, 1982 No. 52 - 2 0 -


Chicago

Chicago

Chicago

St. Louis

St. Louis

Minneapolis

Kansas City

Kansas City

F i rs t State Bancorp of Princeton, I l l i n o i s , Inc . , Princeton, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i rectors ' qua l i fy ing shares) of the successor by merger to F i r s t State Bank of Princeton, Princeton, I l l i n o i s , and at least 80 percent of the voting shares of Farmers' State Bank of Shef f ie ld, I l l i n o i s , Shef f ie ld , I l l i n o i s . 2J

FNB Holding Co., West Des Moines, Iowa, for approval to acquire 80 percent or more of the voting shares of F i r s t National Bank of West Des Moines, West Des Moines, Iowa. 2J

Port Bancshares, I nc . , Port Washington, Wisconsin, for approval to acquire at least 80 percent of the voting shares of The Port Washington State Bank, Port Washington, Wisconsin. 2J

Cass Commercial Corporation, St. Louis, Missouri, for approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of the successor by merger to Cass Bank & Trust Company, St. Louis, Missouri. 2/

Lookingglass Banc Corp., Albers, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to Peoples Bank of Albers, Albers, I l l i n o i s . 2]

Mahnomen Bancshares, Inc . , Mahnomen, Minnesota, for approval to acquire 100 percent of the voting shares of F i rs t National Bank in Mahnomen, Mahnomen, Minnesota. 2J

Fi rs t National Utica Company, Utica, Nebraska, for approval to acquire 100 percent (less 50 di rectors ' qual i fy ing shares) of the voting shares of The F i rs t National Bank of Ut ica, Ut ica, Nebraska, y

H 8 L Investments, Inc . , Manhattan, Kansas, for approval to acquire at least 80 percent of the voting shares of F i rs t Manhattan Bankshares, Inc . , Manhattan, Kansas, and ind i rec t l y F i rs t National Bank of Man-hattan , Manhattan, Kansas. 2/

J7 Application subject to Community Reinvestment Act. The Community A f fa i r s Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


4 h ,

H.2, 1982 No. 52 - 21 -


McKinstry, Inc . , Julesburg, Colorado, for approval to acquire 91.33 percent of the voting shares of The F i rs t National Bank of Julesburg, Julesburg, Colorado. 2/

Giddings Citizens State Bancshares, Inc . , Giddings, Texas, for approval to acquire 100 percent of the voting shares of the Citizens State Bank, Giddings, Texas. 2/

Ouachita National Bancshares, Inc . , Monroe, Louisiana, for approval to acquire 100 percent of the voting shares of The Ouachita National Bank in Monroe, Monroe, Louisiana. 2]

Trans Bankcorp, Inc . , San Francisco, Cal i forn ia, for approval to acquire at least 97.5 percent of the voting shares of Trans American National Bank, Monterey Park, Cal i forn ia . 7J

* * * * *


New York Norstar Bancorp Inc . , Albany, New York, for approval t o acquire 100 percent of the voting shares of the successor by merger to Northeast Bankshare Association, Portland, Maine and ind i rec t ly 99.05 percent of Northeast Bank, Portland, Maine; 100 percent of Northeast Bank & Trust Co., Bangor, Maine; 100 percent of Northeast Bank N.A. of Farmington, Farmington, Maine; 95.63 percent of Northeast Bank of Gui l ford, Gui l ford, Maine; 100 percent of Northeast Bank of Lincoln, Lincoln, Maine; and 100 percent of Northeast Bank of Mi l l inocket , Mi 11inocket, Maine. 2/

Chicago Alpine Bancorporation, Inc . , Belvidere, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of The Bank of Cherry Valley, Cherry Val ley, I l l i n o i s . 2/

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

Kansas City

Dallas

Dallas

San Francisco


• # H.2, 1982 No. 52 - 22 -


Texas American Bancshares Inc . , Fort Worth, Texas, for approval to acquire 100 percent of the voting shares of Heritage Bank, Houston, Texas. 2/

Victoria Bankshares, Inc . , V ic tor ia , Texas, for approval to acquire 100 percent of the voting shares of F i rs t National Bank of Ingleside, Ingleside, Texas. 2/

* * * * *

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

New York The Chase Manhattan Corporation, New York, New York, requests permission to establish a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (making or acquiring, for i t s own account or for the account of others, loans and other extensions of credi t secured by real estate including, but not l imi ted t o , f i r s t and second mortgage loans secured by mortgages on one-to-four family residential propert ies; servicing loans and other extensions of credi t for any person, se l l ing mortgage loans in the secondary market and to o f fe r mortgage term l i f e insurance, accident and health insurance and d i sab i l i t y insurance d i rec t l y related to such lending and servicing ac t i v i t i es ) located in the area of Charles Street and Inter-state 695, Towson, Maryland, through i t s sub-s id ia ry , Chase Home Mortgage Corporation (12/24/82)

New York European American Bancorp, New York, New York, for approval to invest, through i t s subsidiary, EAB Holdings Corp., Philadelphia, Pennsylvania, in a new l imi ted partnership, Pi lgr im, Baxter, Hoyt & Greig, to engage in rendering to c l ients invest-ment advice with respect to securi t ies por t fo l ios .

New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the ac t i v i t i es of six exist ing of f ices (of fer ing NOW accounts, money market deposit accounts, and transaction accounts as permitted under State law) at

Dal las

Dallas

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


H.2, 1982 No. 52 - 23 -


1640 Champa Street , Denver, Colorado, through i t s subsidiary, Continental Indust r ia l Bank; 770 W. Hampden Avenue, Englewood, Colorado, through i t s subsidiary, Southglenn Continental Industr ia l Bank; 1895 S. Federal Boulevard, Denver, Colorado, through i t s subsidiary, F i rs t Continental Indust r ia l Bank; 7398 N. Federal Boulevard, Westminster, Colorado, through i t s subsidiary, North Continental Indust r ia l Bank and 636 S. Broadway, Denver, Colorado, through i t s subsidiary Continental Merchants Industr ia l Bank (12/20/82)

New York Norstar Bancorp Inc . , Albany, New York, requests permission to establ ish a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (engaging generally in the business of a mortgage banker, mortgage broker and mortgage servic ing f i rm inc lud ing, but not l im i ted t o : making, acquir ing, buying, se l l i ng and otherwise dealing in mortgage loans as pr inc ipal or agent; servic ing mortgage loans fo r a f f i l i a t e d or nona f f i l i a ted e n t i t i e s ; second mortgage f inancing and act ing as an adviser in mortgage loan and second mortgage loan transact ions) at 1450 Western Avenue, Albany, New York, serving New York and Maine, through I t s subs id iary , Norstar Mortgage Services. tec. ci tm/a?i

tow H h W ##*#*# Set,, Mtif ty, Hw I t t f l , far ipprovat le 100 percent of the voting shares of Worthe#st Consumer Services Corporation, Portland, Maine and Northeast Data Processing Corporation, Portland, Maine.

Cleveland Pittsburgh National Corporation, Pi t tsburgh, Pennsyl-vania, n o t i f i c a t i o n of in tent to expand the fo l lowing a c t i v i t i e s (making or acquir ing and servic ing for i t s own accounts and or the accounts of others, loans and other extensions of c red i t ) at 1440 M i l i t a r y West, Benicia, Ca l i f o rn ia , serving Contra Costa County, through i t s subsidiary, The Kissel 1 Company (12/20/82)

Kansas City F i r s t Beemer Corporation, Beemer, Nebraska, n o t i -f i ca t i on of in tent to engage in de novo a c t i v i t i e s (making leases of real and personal property in accordance with the Board's Regulation Y) at F i r s t National Bank, Beemer, Nebraska, serving Cuming County, Nebraska, through i t s subsidiary, F i rs t Beemer Leasing Corporation (12/23/82)


H.2, 1982 No. 52 - 24 -


Kansas City McKinstry, Inc . , Julesburg, Colorado, for approval to acquire a l l of the assets of McKinstry—Campbell Insurance Agency, Julesburg, Colorado.

San Security Pacif ic Corporation, Los Angeles, Cal i forn ia, Francisco no t i f i ca t ion of intent to engage in de novo

a c t i v i t i e s (making or acquiring for TTs own account, or for the account of others, loans and extensions of c r e d i t , including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credi t such as would be made by a factor ing company or a consumer finance company, and acting as broker or agent for the sale of credi t l i f e and credi t accidspt and health insurance) in Exton and King of Prussia, Pennsylvania, serving the State of Pennsylvania, through i t s subsidiar ies, Security Pacif ic Finance Corp. and Security Pacif ic Consumer Discount Company (12/17/82)

* * * * *

Agreements Fi led Pursuant to Section 8 of the Securit ies Exchange Act of 1934

Mark Twain Plaza Bank, Kansas Ci ty , Missouri has f i l e d an agreement with the Federal Reserve Bank of Kansas City (which is authorized to accept such agreements on behalf of the Board of Governors under delegated author i ty) under-taking to comply with a l l provisions which relate to the use of credi t to finance trans-actions in secur i t ies .

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.

I


h2_19821225.pdf

Documents

i t i e s

ns t i t u t i ons

i n o i s

c red i t

compe t i t i ve factors

f i na

cass c i t y

w i th