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ANNOUNCEMENT BY APPLICABLE RESERVE BANK New York Richmond Atlanta Atlanta Atlanta Atlanta Atlanta Atlanta BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1983 No. 17) Actions of the Board; Applications and Reports Received During the Week Ending April 30, 1983 ACTIONS OF THE BOARD GF National Bank, N.A., pi ens Falls, New York, proposed merger with Glens Falls National Bank and Trust Com- pany, Glens Falls, New York; report to the Comptroller of the Currency on competitive factors. V Piedmont Bank and Trust Company, Davidson, North Carolina, to invest in bank premises. \J Citizens and Southern National Bank, Savannah, Georgia, proposed merger with Bank of Canton, Canton, Georgia; report to the Comptroller of the Currency on competitive factors. 1_/ Citizens Union Bank, Rogersville, Tennessee, proposed merger with Citizens Union Interim Bank, Rogersville, Tennessee; report to the Federal Deposit Insurance Corporation on competitive factors. _]/ Bank of the South, N.A., Atlanta, Georgia, proposed merger with Trust Company of Columbus, Columbus, Georgia; report to the Comptroller of the Currency on competitive factors. J_/ Citizens Bank of Hahira, Hahira, Georgia, proposed merger with Citizens Bank of Morven, Morven, Georgia; report to the Federal Deposit Insurance Corporation on com- petitive factors. J/ First National Bancorp of Greenville, Inc., Greenville, Alabama, extension of time until August 13, 1983, within which to became a bank holding company through acquisition of the First National Bank of Greenville. J_/ FCB Holding Company, Orlando, Florida, extension of time until July 6, 1983, within which to become a bank holding company through acquisition of Florida Center Bank, Orlando, Florida. 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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  • ANNOUNCEMENT BY

    APPLICABLE RESERVE BANK

    New York

    Richmond

    At lanta

    At lanta

    At lanta

    At lanta

    At lanta

    At lanta

    BOARD OF GOVERNORS OF THE

    FEDERAL RESERVE SYSTEM (H.2, 1983 No. 17)

    Actions of the Board; Appl icat ions and Reports

    Received During the Week Ending Apr i l 30, 1983

    ACTIONS OF THE BOARD

    GF National Bank, N.A., pi ens F a l l s , New York, proposed merger w i th Glens Fal ls National Bank and Trust Com-pany, Glens F a l l s , New York; report to the Comptroller of the Currency on competit ive fac to rs . V

    Piedmont Bank and Trust Company, Davidson, North Carol ina, to invest i n bank premises. \J

    Cit izens and Southern National Bank, Savannah, Georgia, proposed merger w i th Bank of Canton, Canton, Georgia; report to the Comptroller of the Currency on competi t ive f ac to rs . 1_/

    Cit izens Union Bank, Rogersv i l le , Tennessee, proposed merger wi th Ci t izens Union Inter im Bank, Rogersv i l le , Tennessee; report to the Federal Deposit Insurance Corporation on competi t ive fac to rs . _]/

    Bank of the South, N.A., A t lan ta , Georgia, proposed merger wi th Trust Company of Columbus, Columbus, Georgia; report to the Comptroller of the Currency on competi t ive fac to rs . J_/

    Ci t izens Bank of Hahira, Hahira, Georgia, proposed merger w i th Ci t izens Bank of Morven, Morven, Georgia; report to the Federal Deposit Insurance Corporation on com-p e t i t i v e fac to rs . J /

    F i r s t National Bancorp of Greenv i l le , I n c . , Greenv i l le , Alabama, extension of time un t i l August 13, 1983, w i t h i n which to became a bank holding company through acqu is i t i on of the F i r s t National Bank of Greenvi l le . J_/

    FCB Holding Company, Orlando, F lo r ida , extension of time u n t i l July 6, 1983, w i t h i n which to become a bank holding company through acqu is i t i on of F lor ida Center Bank, Orlando, F lo r ida . 1/

    T7 App l ica t ion processed on behalf of the Board of Governors under delegated au tho r i t y .

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

  • H.2, 1983 No. 17 - 2 -

    At lanta

    At lanta

    At lanta

    Chicago

    Chicago

    Chicago

    St. Louis

    S t . Louis

    ACTIONS OF THE BOARD - Continued

    Bartow Bancshares, I n c . , Car tersv i1 le , Georgia, extension of time u n t i l June 30, 1983, w i th in which to become a bank holding company through acqu is i t ion of Bartow County Bank, C a r t e r s v i l i e , Georgia. JJ

    F i r s t City Bancshares, I n c . , Ga inesv i l le , F lor ida, extension of t ime u n t i l August 21, 1983, w i th in which to become a bank holding company through acqu is i t ion of F i r s t C i ty Bank, Gainesv i l le , F lo r ida . 1/

    Sun Banks of F lo r i da , I n c . , Orlando, F lor ida, extension of time u n t i l June 18, 1983, w i th in which to acquire The F i r s t National Bank of Defuniak Springs, Defuniak Springs, F lo r ida . ] /

    Jef ferson State Bank, Chicago, I l l i n o i s , app l i ca t ion fo r p r io r approval to merge with JSB Bank, Chicago, I l l i n o i s , under the charter of JSB Bank and t i t l e of Jefferson State Bank; report to the Federal Deposit Insurance Corporation on competit ive fac to rs . ]_/

    Peoples Trust Bank, Fort Wayne, Indiana, appl icat ion for p r i o r approval to merge w i t h Indiana Bank and Trust Company of Fort Wayne, Fort Wayne, Indiana, under the charter of Peoples Trust Bank and t i t l e of Summit Bank; report to the Federal Deposit Insurance Corporation on competit ive fac to rs . \J

    F i r s t I l l i n o i s Corporat ion, Evanston, I l l i n o i s , extension of time to August 17, 1983, w i th in which to acquire 100 percent of the vot ing shares of the successor by merger to Northwest Trust & Savings Bank, Ar l ington Heights, I I l i n o i s . Xj

    Country Bancorp, I n c . , Mount Ol ive, I l l i n o i s , extension of time u n t i l July 24, 1983, w i th in which to become a bank holding company through the acqu is i t ion of the successor by merger to National Bank of Mount Ol ive, Mount Ol ive, I l l i n o i s . V

    F i r s t Financial Services, Inc . , Brownsvi l le , Tennessee, extension of time un t i l June 3, 1983, w i th in which to become a bank holding company through the acqu is i t ion of the successor by merger to F i r s t State Bank, Browns-v i l l e , Tennessee. 1/

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

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

  • H.2, 1983 No. 17 - 3 -

    ACTIONS OF THE BOARD - Continued

    Kansas City Community Corporat ion, Enid, Oklahoma, extension of time u n t i l July 25, 1983, w i th in which to consummate the acqu is i t ion of Community Bank & Trust Company, Enid, Oklahoma. J /

    Kansas City Downing Investment Co., I n c . , E l l i s , Kansas, extension of t ime u n t i l August 2, 1983, w i th in which to con-summate the acqu is i t ion of Americus State Bank, Americus, Kansas, and E l l i s State Bank, E l l i s , Kansas. _1J

    Dallas Westhollow National Bank, Houston, Texas, proposed merger wi th Westhollow Bank, National Associat ion, Houston, Texas; report to the Comptroller of the Currency on competit ive fac to rs . JJ

    Dallas V ic to r ia Bankshares, I n c . , V i c t o r i a , Texas, extension of time to July 6, 1983, w i th in which to consummate the acqu is i t ion of F i r s t National Bank of Ingleside, Ing le -s ide , Texas. V

    Dallas Texas American Bancs hares, I n c . , Fort Worth, Texas, ex-tension of time to August 7, 1983, w i th in which to consummate the acqu is i t ion of Ci t izens National Bank of Temple, Temple, Texas. V

    San Continental Bank and Trust Company, Salt Lake C i t y , Francisco Utah, extension of time to May 2, 1984, w i th in which

    to es tab l ish a branch o f f i c e to be located at 9000 South 1700 West, Salt Lake C i t y , Utah, ty

    San Trans Bankcorp, I n c . , San Francisco, Ca l i f o rn ia , extension Francisco of time to August 3, 1983, w i th in which to become a bank

    holding company through the acqu is i t ion of Trans American National Bank, Monterey Park, Ca l i f o rn ia . J /

    San Northern Sierra Financial Corporation, Yreka, Ca l i f o rn ia , Francisco second extension of time to August 1, 1983, w i th in which

    to become a bank holding company through acqu is i t ion of at least 80 percent of the vot ing shares of Scott Valley Bank, Yreka, Ca l i f o rn ia . J /

    San PNB Financial Group, Newport Beach, C a l i f o r n i a , second Francisco extension of time to July 31 , 1 983, wi t h i n which to

    become a bank holding company through the acqu is i t ion of Paci f ic National Bank, Newport Beach, Cal i forn ia . ' ]_/

    J7 Appl icat ion processed on behalf of the Board of Governors under delegated au tho r i t y .

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

  • H.2, 1983 No. 17 - 4 -

    ACTIONS OF THE BOARD - Continued

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

    Approved Cleveland Independent State Bank of Ohio, Columbus, Ohio. 1/

    * * * * *

    To Establ ish a Domestic Branch Pursuant To Section 9 of the Federal Reserve Act

    Approved New York Central Trust Company, Rochester, New York, To use

    o f f - s i t e e lec t ron ic f a c i l i t i e s at seven locat ions in New York State. 1/

    * * * * *

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

    Approved Richmond The Bank of West Point , West Point , V i r g i n i a , to merge

    wi th F i r s t Set t lers Bank, Hayes, V i r g i n i a . ]_/

    Chicago Ci t izens Bank, Sheboygan, Wisconsin, to merge with Cit izens North Side Bank, Sheboygan, Wisconsin. 1/

    * * * * *

    Appl icat ions and No t i f i ca t ions fo r Internat ional 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 1 956, as amended

    Sixty-Day N o t i f i c a t i o n Period Allowed to Expire San Crocker National Corporat ion, San Francisco, Ca l i fo rn ia Francisco no ob ject ion to es tab l ish an of fshore f inancing sub-

    s id ia ry in the Netherlands A n t i l l e s , to be named Crocker Overseas Finance Corporat ion, N.V.

    TJ App l ica t ion processed on behalf of the Board of Governors under ~ delegated au tho r i t y .

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

  • H.2, 1983No. 17 - 5 -

    ACTIONS OF THE BOARD - Continued

    To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1 956

    Approved Richmond Carolina Mountain Holding Company, Highlands, North

    Carol ina, f o r approval to acquire at least 80 percent of the vot ing shares of Carolina Mountain Bank, Highlands, North Carol ina. JJ

    Richmond Commercial BancShares, Incorporated, Parkersburg, West V i r g i n i a , f o r approval to acquire at least 80 percent of the vot ing shares of the successor by merger to Commercial Banking and Trust Company, Parkersburg, West V i r g i n i a . J /

    At lanta Cit izens National Bancshares, I n c . , Hammond, Louisiana, for approval to acquire 100 percent of the vot ing shares of Ci t izens National Bank, Hammond, Louisiana. ]_/

    At lanta Cit izens Union Bancorp, I n c . , Rogersv i l le , Tennessee, fo r approval to acquire 100 percent of the vot ing shares of Ci t izens Union Bank, Rogersv i l le , Tennessee. ]f

    Atlanta F & M Bancshares, I n c . , Les l i e , Georgia, f o r approval to acquire at least 80.15 percent of the vot ing shares o f Farmers & Merchants Bank, Les l ie , Georgia. 1_/

    At lanta South F lor ida Banking Corp., Bonita Springs, F lo r ida , f o r approval to acquire 100 percent of the vot ing shares of F i r s t National Bank of Bonita Springs, Bonita Springs, F lo r ida . J /

    Chicago BancUnion Corp, Lancaster, Wisconsin, f o r approval to acquire at least 80 percent of the vot ing shares of Union Bank & Trust , Lancaster, Wisconsin. ]_/

    Chicago F i r s t Marshall Bancshares, I nc . , Marshal l , I l l i n o i s , for approval to acquire 100 percent of the vot ing shares ( less d i r ec to r s ' qua l i f y i ng shares) of the successor by merger to F i r s t National Bank, Marshal l , I l l i n o i s . V

    Chicago JAW Bancshares Corp., Stanhope, Iowa, for approval to acquire at least 86 percent or more of the vot ing shares of Farmers State Bank, Stanhope, Iowa. 1/

    J7 Appl ica t ion processed on behalf of the Board of Governors under delegated au tho r i t y .

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

  • H.2, 1983 No. 17 6 -

    ACTIONS OF THE BOARD - Continued

    St. Louis F ide l i t y Bancorp, I n c . , West Memphis, Arkansas, fo r approval to acquire at least 80 percent of the voting shares of F i d e l i t y National Bank of West Memphis, West Memphis, Arkansas. J /

    St. Louis F i r s t Commerce Corporation, New Albany, Miss iss ipp i , for approval to acquire 100 percent of the vot ing shares of the successor by merger to F i r s t National Bank, New Albany, Miss iss ipp i . J /

    St. Louis F i r s t Newport Bancshares, I n c . , Newport, Arkansas, f o r approval to acquire at least 87.2 percent of the voting shares of F i r s t State Bank of Newport, Newport, Arkansas. _[/

    St. Louis F i r s t Union Financial Corporation, Monticel l o , Arkansas, for approval to acquire at least 76.4 percent of the voting shares of Union Bank and Trust Company, Mont ice l io , Arkansas. \j

    Minneapolis Elmore Bancshares, I n c . , Elmore, Minnesota, f o r approval to acquire at least 91 percent of the vot ing shares of The F i r s t National Bank of Elmore, Elmore, Minnesota. ]_/

    Kansas City B a i l e y v i i ! e Bancshares, Inc . , B a i l e y v i l l e , Kansas, for approval co acquire at least 80 percent of the voting shares of B a i l e y v i l l e State Bank, B a i l e y v i l l e , Kansas. JJ

    Kansas City Burns Bancorporation, I n c . , St. Paul, Minnesota, fo r approval to acquire at least 96.5 percent of the voting shares of The Burns National Bank of Durango, Durango, Colorado. 2 /

    Dallas Texas Southwest Bancorp, I n c . , Mesquite, Texas, f o r approval to acquire 100 percent of the vot ing shares of Southwest Bank, Mesquite, Texas, J_/

    * * * * *

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

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

  • H.2, 1983 No. 17 - 7 -

    ACTIONS OF THE BOARU - Continued

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

    Withdrawn Kansas City Republic Bancshares of Missour i , I nc . , Kansas C i t y ,

    Missour i , f o r approval to acquire at least 90 percent of the vot ing shares of St . James Bank, St. James, Mi ssour i .

    At lanta

    Atlanta

    Chicago

    Dal las

    Approved Barnett Banks of F lo r ida , I nc . , Jacksonvi l le , F lo r ida ,

    fo r approval to acquire 100 percent of the voting shares of Barnett Bank of Osceola County, N.A., Kissimmee, F lo r ida , a proposed new bank. ]_/

    CB&T Bancshares, Inc . , Columbus, Georgia, for approval to acquire 25 percent of the voting shares of West Georgia Financial Corporat ion, Tallapoosa, Georgia and i n d i r e c t l y West Georgia Bank of Tallapoosa, Tallapoosa, Georgia and Carro l l County Financial Corporation, Temple, Georgia and i nd i r ec t l y Bank of Carro l l County, Temple, Georgia. J /

    State National Corporation, Evanston, I l l i n o i s , f o r approval to acquire 100 percent of the vot ing shares ( less d i r e c t o r s ' qua l i f y ing shares) of the successor by merger to The Bank & Trust Company of Ar l ington Heights, Ar l ington Heights, I l l i n o i s . ]_/

    United Bankers, I nc . , Waco, Texas, for approval to acquir at least 54.85 percent of the voting shares of Farmers State Bank of Madisonvi l le , Madisonvi l le , Texas. 1/

    San Francisco

    W.T.B. Financial Corporation, Spokane, Washington, fo r approval to acquire 100 percent of the vot ing shares of Security Bank of Washington, Ephrata, Washington.

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

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

  • H.2, 1983 N0. 17 - 8 -

    ACTIONS OF THE BOARD - Continued

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

    Approved Cleveland Banc One Corporation, Columbus, Ohio, for approval

    to merge w i th Winters National Corporation, Dayton, Ohio and i n d i r e c t l y acquire Winters National Bank & Trust Company, Dayton; Eucl id National Bank, Cleve-land; F i r s t National Bank of C i r c l e v i l l e , C i r c l e v i l l e ; and Winters National Bank of C inc inna t i , C inc innat i , a l l in Ohio.

    Chicago Whitmore Company, I n c . , Corning, Iowa, f o r approval to merge wi th Whitmore Bancorporation, Inc . , Corning, Iowa and i n d i r e c t l y acquire 100 percent of the voting shares of Page County State Bank, Clar inda, Iowa. JJ

    * * * * *

    Boston

    Cleveland

    San Francisco

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

    Approved Old Colony Co-Operative Bank, Providence, Rhode Is land,

    for approval to engage in the a c t i v i t i e s of a mutual bu i ld ing- loan associat ion at a de novo branch o f f i c e in East Providence, Rhode Is land.

    Banc One Corporat ion, Columbus, Ohio, f o r approval to acquire Winters National Mortgage Corporation, Winters National Leasing Corporation and National L i fe Insurance Company, a l l i n Dayton, Ohio.

    Independent Bankshares Corporation, San Rafael, Ca l i f o rn ia , for approval to acquire Learnex Corporat ion, La J o l l a , Ca l i f o rn ia and thereby engage in providing management consul t ing services to n o n a f f i l i a t e d depository i n s t i t u t i o n s .

    T7 Appl ica t ion processed on behalf of the Board of Governors under ~~ delegated au tho r i t y .

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

  • H.2, 1983 No. 17 - 9 -

    ACTIONS OF THE BOARD - Continued

    Reactivated Dallas Commercial Bancshares, I n c . , Houston, Texas, n o t i f i c a t i o n

    of i n ten t to engage in de novo a c t i v i t i e s (making or acquir ing loans and other extensions of c red i t such as would be made by a commercial f i nanc ia l company, inc lud ing commercial loans secured by a borrower's equipment, inventory , accounts receivable, or other assets; serv ic ing such loans for o thers; and making leases of personal property in accordance w i th the Board's Regulation Y) these a c t i v i t i e s would be per-formed i n the State of Texas (4/29/83) 3/

    Permitted Boston Multibank Financial Corp., Quincy, 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 ( i n mortgage banking a c t i v i t i e s inc lud ing, but not l im i t ed t o , making, acqui r ing and serv ic ing , f o r i t s own account or fo r the account of others, loans and extensions of c red i t secured by real estate [ inc lud ing f i r s t and second mortgages secured by one- to- four fami ly res iden t ia l propert ies and commercial p rope r t i es ] , and s e l l i n g mortgages in the secondary market) at 1400 Hancock S t ree t , Quincy, Massachusetts and from seventy-seven addi t ional o f f i ces of the holding company's s i x subsidiary banks, serving New England and New York, through i t s subs id iary , Multibank Mortgage Company, Inc. (4/29/83) 3/

    New York The Bank of New York Company, I n c . , New York, New York, requests permission to estab l ish a de novo o f f i ce engaging i n the fo l lowing a c t i v i t i e s (making loans secured by f i rs t and second mortgages on real estate consist ing of one-to-four family res ident ia l pro-per t ies ) at 190 South King S t ree t , Suite 1795, Honolulu, Hawaii, through i t s subsid iary , ARCS Mortgage, Inc. (4/24/83) 3/

    New York F i de l i t y Union Bancorporation, Newark, New Jersey, requests permission to estab l ish a de novo o f f i c e engaging i n the fo l lowing a c t i v i t i e s (engaging in t r u s t and pr ivate f i nanc ia l services and other funct ions or a c t i v i t i e s tha t may be performed or car r ied on by a t r u s t company [ inc lud ing a c t i v i t i e s of a f i d u c i a r y , agency, or custodian nature] i n the p a r t i c u l a r manner authorized by appl icable federal

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

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

  • H.2, 1983 No. 17 - 1 0 -

    ACTIONS OF THE BOARD - Continued

    and State law except tha t the proposed subsidiary shal l not make loans, investments or accept deposits other than as authorized by 12 C.F.R. 225.4(a)(4)) at 1515 North Federal Highway, Boca Raton, F lo r ida , through i t s subsid iary, F ide l i t y Union Trust Company of F lo r i da , National Association (4/23/83) 3/

    New York Key Banks, I n c . , Albany, New York, requests permission to expand the a c t i v i t i e s and service area to include the fo l lowing a c t i v i t i e s (previously approved a c t i v i t i e s : serv ic i ng of loans and other extensions of c red i t and providing bookkeeping or data pro-cessing services and s to r ing and processing banking f inanc ia l or related data fo r nona f f i l i a ted banking organizations and others; the a c t i v i t i e s w i l l include performing accounts receivable or payable or b i l l i n g services in connection with the debit and/or c red i t card operations of banks, creat ing and maintaining appropriate computer records of bank merchant and cardholder customers, posting t ransact ions, preparing and reconc i l ing statements, producing and mai l ing debit and/or c red i t cards, providing author izat ion service to merchants, and handling normal customer and merchant inqui r ies and problems; de_ novo ac t i v i t i e s : providing data processing and data transmission services for the in ternal operations of the holding company or i t s subsid iar ies and for nonaf f i Hated banking organizations and others; the a c t i v i t i e s w i l l inc lude: providing a po in t -o f -sa le and automated t e l l e r machine network and communication switching and settlement services for subsid iar ies of app l icant , and other banks and t h r i f t i n s t i t u t i o n s ; creat ing and maintaining appropriate computer records of bank merchant and cardholder customers, posting t ransact ions, preparing and reconc i l ing statements, mai l ing statements, producing and mai l ing debit and/or c red i t cards, providing author izat ion service to merchants, and handling normal customer and merchant inqu i r ies and problems) at 800 North Pearl S t ree t , Albany, New York, through i t s sub-s i d i a r y , Key Services Corporation (4/23/83) 2 /

    Phi ladelphia Continental Bancorp, I nc . , Phi ladelphia, Pennsylvani a, fo r approval to acquire 100 percent of the voting shares of Lenders L i fe Insurance Company, Phoenix, Arizona. (4/26/83) 3/

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

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

  • H.2, 1983 No. 17 - 11 -

    ACTIONS OF THE BOARD - Continued

    Cleveland Mellon National Corporation, Pi t tsburgh, Pennsylvania, n o t i f i c a t i o n of in ten t to engage i n de novo a c t i v i t i e s (providing real estate p o r t f o l i o investment advice inc lud ing : ( i ) serving as the advisory company for a mortgage or real estate investment t r u s t ; ( i i ) serving as investment adviser , as defined in Section 2(a)(20) of the investment Company Act of 1940, to an investment company regis tered under that Act ; ( i i i ) fu rn ish ing general economic informat ion and advice, general economic s t a t i s t i c a l forecast ing services and industry studies and ( i v ) providing f i nanc ia l advice to State and local governments, such as with respect to real estate p o r t f o l i o investment advice; Mellon Financial Services Corporation #2 w i l l derive business from, and s o l i c i t business throughout the United States and possible c l i en t s overseas as we l l ) at Renaissance Center, Tower 600, Suite 990, De t ro i t , Michigan, through i t s subs id iary , Mellon Financial Services Corporation #2 (4/28/83) 2 /

    Richmond South Carolina National Corporation, Columbia, South Carol ina, 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 providing consumer f inance a c t i v i t i e s inc luding the extension of d i rec t loans to consumers, the discount of r e t a i l and insta l lment notes or con-t r a c t s , serv ic ing loans and other extensions of c red i t for the account of o thers , and act ing as agent for sale of l i f e , accident and hea l th , and property and casualty insurance d i r e c t l y re la ted to i t s extensions of c r e d i t ; property and casualty insurance w i l l be o f fered pursuant to the grandfather provision in sect ion 601 (D) ( i ) of the Garn-St. Germain Depository I n s t i t u t i o n s Act) at U. S. Highway 52 and 176, Goose Creek, South Carol ina, serv ic ing the town of Goose Creek and the surrounding area, through i t s subs id iary , Provident Financial Corporation (4/28/83) 3/

    Chicago Marshall & I l s l e y Corporation, Milwaukee, Wisconsin, 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 ( o r i g i n a t i n g , acqu i r ing , s e l l i n g and serv ic ing res ident ia l and commercial mortgage loans, f o r i t s own account or for the account of others, as well as making construct ion and development mortgage loans and performing such other inc identa l a c t i v i t i e s necessary to conduct mortgage banking a c t i v i t i e s ) at 770 North Water St reet , Milwaukee, Wisconsin, the geographic area to be served is nationwide, through i t s subsid iary, M&I Mortgage Company, Inc. (4/24/83) _3/

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

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

  • H . 2 , ! 9 8 3 N o . 17 - 1 2 -

    ACTIONS OF THE BOARD - Continued

    Kansas City United Banks of Colorado, I n c . , Denver, Colorado, n o t i f i c a t i o n of in ten t to estab l ish a de novo o f f i c e engaging i n 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 or other ex-tensions 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 red i t and o f f e r i ng c red i t - re la ted l i f e and c r e d i t - r e l a t e d health and accident insurance; such a c t i v i t i e s w i l l inc lude, but not be l im i ted t o , making consumer insta l lment loans, purchasing i n s t a l l -ment sales f inance contracts , making loans and other extensions of c red i t secured by real property) in the v i c i n i t y of the in te rsec t ion of 28th Avenue and Youngfield S t ree t , Golden, Colorado, serving central Jef ferson County, Colorado including contiguous port ions of the c i t i e s of Wheatridge, Lakewood, and Golden, Colorado, through i t s subsid iary , United Financial Centers, Inc. (4/25/83) 2 /

    Dallas Commercial Bancshares, I n c . , Houston, Texas, n o t i f i c a t i o n of in ten t to engage i n de novo 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 such as would be made by a commercial f i nanc ia l company, inc lud ing commercial loans secured by a borrower's equipment, inventory , accounts rece ivab le , or other assets; serv ic ing such loans fo r others; and making leases of personal property in accordance with the Board's Regulation Y) these a c t i v i t i e s would be per-formed in the State of Texas (4/29/83) 2 /

    F i r s t In te rs ta te Bancorp, Los Angeles, Ca l i f o rn ia , n o t i f i c a t i o n of i n ten t to engage i n de novo a c t i v i t i e s (mortgage company a c t i v i t i e s to the extent of ( i ) making or acquir ing real estate or construct ion loans fo r i t s own account or fo r the account of others; ( i i ) se l l i ng or serv ic ing real estate or construct ion loans fo r i t s own account or for the account of others; ( i i i ) con-duct ing such re lated a c t i v i t i e s as are inc idental to the mortgage banking business and ( i v ) act ing as insurance agent or broker w i th respect to (a) c red i t l i f e and c red i t accident and health insurance and (b) mortgage d i s a b i l i t y and mortgage redemption insurance d i r e c t l y re la ted to extensions of c red i t or the prov is ion of other f inanc ia l services by F i r s t In te rs ta te Bancorp or i t s subs id iar ies) at 3000 South College Avenue, Fort C o l l i n s , Colorado, servi ng Colorado, through i t s subs id iary , F i r s t I n te rs ta te Real Estate Services Company (4/28/83) 2 /

    San Francisco

    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 au thor i t y .

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

  • H.2, 1983 No. 17 - 13 -

    ACTIONS OF THE BOARD - Continued

    To Issue E l i g i b l e Acceptances up to 200 Percent of Paid- in Capital and Surplus

    Approved Boston F i r s t National Bank of Boston, Boston, Massachusetts,

    fo r approval to accept d r a f t s or b i l l s of exchange up to 200 percent of i t s paid-up and unimpaired cap i ta l stock and surplus.

    T7 Appl ica t ion processed on behalf of the Board of Governors under delegated au tho r i t y .

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

  • H.2, 1983 No. 17 - 14 -

    APPLICATIONS RECEIVED

    To Establ ish a Domestic Branch Pursuant To Section 9 of the Federal Reserve Act

    Richmond Bank of the Commonwealth, Nor fo lk , V i rg in ia . To establ ish a branch at 453 South Lynnhaven Road, V i rg in ia Beach, V i r g i n i a . 2/

    New York Central Trust Company, Rochester, New York. To estab l ish 29 o f f s i t e e lect ronic f a c i l i t i e s in New York State. ?J

    * * * * *

    Appl icat ions and Not i f i ca t ions for In ternat ional 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 1 956, as amended

    New York Citibank Overseas Investment Corporat ion, Wilmington, Delaware: p r io r notice of in ten t to establ ish a de novo c red i t card company, Diners Club Mexico, 37A., Mexico C i t y , Mexico.

    New York Skandi navi ska Enskilda Banken, Stockholm, Sweden: modi f icat ion of cer ta in agreements a f f ec t i ng the re la t ionsh ip between SEB and D i l l on Read & Co., I nc . , New York, New York.

    Phi ladelphia Philadelphia Internat ional Bank, Phi ladelphia, Pennsylvania: p r io r n o t i f i c a t i o n of i t s in ten t to invest addi t ional capi ta l in i t s wholly-owned sub-s i d i a r y , Philadelphia Internat ional Finance Co.-Hong Kong, L imi ted.

    San BankAmerica Internat ional Financial Corporat ion, San Francisco Francisco, Ca l i f o rn ia : request a Board detemi nation

    that the Financial Group of Kuwait be considered a j o i n t venture instead of a subsidiary.

    Y] Appl icat ion subject to Community Reinvestment Act, The Community ~~ A f f a i r s Of f i cer of the appl icable Reserve Bank may be contacted

    as to the length of the comment period.

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

  • H.2, 1983 No. 17 - 1 5 -

    APPLICATIONS RECEIVED - Continued

    San Crocker National Bank , San Francisco, Ca l i f o rn ia : Francisco requests permission for Applicant to increase i t s

    acceptance l i m i t from 150 percent to 200 percent of c a p i t a l .

    San F i r s t In te rs ta te Bancorp, Los Angeles, Ca l i f o rn ia : Francisco pr ior n o t i f i c a t i o n of i t s in ten t to establ ish an export

    t rad ing company, F i r s t In te rs ta te Trading Company.

    * * * * *

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

    New York Gi rod Trust Company (Geneve) S.A. , Geneva, Switzerland, for approval to acquire at least 80 percent of the vot ing shares of Gi rod Trust Company, Old San Juan, Puerto Rico. 2/

    Phi ladelphia Miners National Bancorp, I n c . , P o t t s v i l i e , Pennsylvania, for approval to acquire 100 percent of the vot ing shares of The Miners National Bank of P o t t s v i l i e , P o t t s v i l i e , Pennsylvania. 2J

    Phi ladelphia Number One Bancorp, I n c . , Scranton, Pennsy i varn a. fo r approval to acquire 100 percent of the vot ing shares of F i r s t State Bank, Hawley, Pennsylvania. I j

    Cleveland S & T Bancorp, Inc. , Indiana, Pennsylvania, for approval to acquire 100 percent of the voting shares of The Savings & Trust Company of Pennsylvania, Indiana, Pennsylvania. 2/

    Richmond Potomac Bancorp, I n c . , Keyser, West V i rg i n i a , f o r approval to acquire 100 percent of the vot ing shares of the successor by merger to The National Bank of Keyser, Keyser, West V i r g i n i a . - 2 /

    At lanta Pickens County Bancs hares, I n c . , Reform, Alabama, for approval to acquire at least 80 percent of the voting shares of Bank of Reform, Reform, Alabama. 2/

    2J Appl icat ion subject to Community Reinvestment Act. The Community A f f a i r s Of f i cer of the appl icable Reserve Bank may be contacted as to the length of the comment per iod.

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

  • H.2, 1983 No. 17 16 -

    APPLICATIONS RECEIVED - Continued

    St. Louis Glasgow Bancs hares Corporat ion, Glasgow, Kentucky, for approval to acquire at least 84 percent of the vot ing shares of New Farmers National Bank of Glasgow, Glasgow, Kentucky. 2]

    St. Louis Paris Bancshares, I n c . , Par is, Missour i , f o r approval to acquire at least 80 percent of the vot ing shares of The Paris National Bank, Par is, Missouri . lj

    St. Louis Peoples F i r s t Corporat ion, Paducah, Kentucky, for approval to acquire 100 percent of the voting shares of The Peoples F i r s t National Bank & Trust Company of Paducah, Paducah, Kentucky. lj

    Kansas City The Home State Bu i ld ing , I n c . , Lewis, Kansas, for approval to acquire at least 80 percent of the vot ing shares of Home State Bank, Lewis, Kansas. 2/

    Kansas City Plymouth Investment Company, Plymouth, Nebraska, fo r approval to acquire 100 percent of the vot ing shares of Farmers State Bank, Plymouth, Nebraska. lj

    Kansas Ci ty Valley Center Bancshares, I nc . , Valley Center, Kansas, fo r approval to acquire at leas t 80 percent of the vot ing shares of Arkansas Valley State Bank, Valley Center, Kansas. l j

    Dallas Dawson Bancshares, I n c . , Dawson, Texas, for approval t o acquire at least 80 percent of the vot ing shares of F i r s t Bank & Trust Company, Dawson, Texas. 2/

    Dallas F i rs tPer ry ton Bancorp, I n c . , Perryton, Texas, f o r approval to acquire at least 80 percent of the vot ing shares of The F i r s t National Bank of Perryton, Perryton, Texas, l j

    Dallas Metropol i tan Bancshares, I nc . , Farmers Branch, Texas, for approval to acquire 100 percent of the vot ing shares of Metropol i tan National Bank, Farmers Branch, Texas and Metropol i tan National Bank-Richardson, Richardson, Texas. 2/

    * * * * *

    T/ App l ica t ion subject to Community Reinvestment Act. The Community ~ A f f a i r s Of f i ce r of the appl icable Reserve Bank may be contacted

    as to the length of the comment per iod.

    I

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

  • H.2, 1983 No. 17 - 17 -

    APPLICATIONS RECEIVED - Continued

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

    Chicago Peoples National Corporation, I n c . , Columbus Junct ion, Iowa, for approval to acquire at least 92.68 percent of the vot ing shares of Community National Bank of Muscatine, Muscatine, Iowa. ZJ

    St. Louis F i r s t Missouri Banks, I n c . , Manchester, Missouri , f o r approval to acquire 100 percent of the vot ing shares of F i r s t Missouri Bank of St. Peters, National Associat ion, S t . Peters, Missour i , a proposed new bank. 2/

    Minneapoli s

    Dal las

    Dal las

    Dal las

    F i r s t Mabel BanCorporation, I n c . , Mabel, Minnesota, for approval to acquire at least 84.1 percent of the vot ing shares of The F i r s t National Bank of Crosby, Crosby, Minnesota. 2/

    Broadway Bancshares I n c . , San Antonio, Texas, f o r approval to acquire 100 percent of the vot ing shares of Eisenhower National Bank, San Antonio, Texas. 2/

    F i r s t C i ty Bancorporation of Texas, I n c . , Houston, Texas, fo r approval to acquire 100 percent of the voting shares of F i r s t C i ty Bank-Forum, N.A., San Antonio, Texas, a proposed new bank. 2]

    Southern Bancshares, I nc . , Bremond, Texas, for approval to acquire at least 80 percent of the vot ing shares of Moulton State Bank, Moulton, Texas. 2/

    * * * * *

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

    Boston Old Stone Corporat ion, Providence, Rhode Is land, n o t i f i -cat ion of in ten t to engage in de novo a c t i v i t i e s (the underwr i t ing , through reinsurance, of c red i t l i f e and c red i t accident and heal th insurance d i r ec t l y re la ted to extensions of c r e d i t ) i n Jacksonvi l le , F lo r i da , the service area for t h i s a c t i v i t y would be the State of Ar izona, through i t s i nd i rec t subs id ia ry , The Motor L i fe Insurance Company (4/27/83)

    T j App l ica t ion subject to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod.

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

  • H.2, 1983No. 17 - 1 8 -

    APFLICATIONS RECEIVED - Continued

    Boston Old Stone Corporation, Providence, Rhode Island, n o t i f i -cat ion of in tent to engage in de novo a c t i v i t i e s (the o r i g i na t i on , sale and serv ic ing of f i r s t and second mortgage loans; and to engage through i t s sub-s i d i a r y , American Standard Insurance Agency, i n the sale of c red i t l i f e and c red i t accident and health insurance, which insurance would be reinsured by an a f f i l i a t e , The Motor L i fe Insurance Agency, Jacksonvi l le , F lo r ida , these a c t i v i t i e s would be conducted in the State of Arizona) at 2929 East Camel back Road, Phoenix, Arizona, through i t s subs id iary , UniMortgage Corporation of Arizona (4/27/83)

    Boston Old Stone Corporation, Providence, Rhode Is land, n o t i f i -cat ion of in tent to engage in de novo a c t i v i t i e s (the o r i g i n a t i o n , sale and serv ic ing of f i r s t and second mortgage loans; and to engage through i t s subs id iary , American Standard Insurance Agency, i n the sale of c red i t l i f e and c red i t accident and health insurance, which insurance would be reinsured by an a f f i l i a t e , The Motor L i fe Insurance Agency, Jacksonvi l le , F lo r i da , and in the sale of casualty insurance on property mortgaged in connection with extensions of c red i t by UniMortgage Corporation of CA through American Standard Insurance Agency; the sale of casualty insurance in connection with the ex-tensions of c red i t by UniMortgage Corporation of CA i s grandfathered under sect ion 601(D) of the Garn-St. Germain Depository I n s t i t u t i o n s Act and was approved on July 6, 1981) at 3576 Ar l ington Avenue, Riverside and 18801 Ventura Boulevard, Tarzana, both in Ca l i f o rn ia , through i t s sub-s i d i a r y , UniMortgage Corporation of CA (4/25/83)

    Boston RIHT Financial Corporation (formerly Hospital Trust Cor-pora t ion) , Providence, Rhode Is land, n o t i f i c a t i o n of i n ten t to engage in de novo a c t i v i t i e s (the o r i g i na t i on , sale and serv ic ing of res ident ia l and commercial mortgage loans) at Lincoln Garden, 2901 West Busch Boulevard, Suite 705, Tampa, Flor ida and Corporate Center Two, Suite 100, 4456 Corporation Lane, Vi rgi nia Beach, V i rg i n i a , the service area for the mortgage banking a c t i v i t i e s would include western Flor ida and V i r g i n i a ; the servic ing a c t i v i t y would be of fered on a nationwide basis, through i t s sub-s i d i a r y , RIHT Mortgage Corporation (4/27/83)

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

  • H.2, 1983 No. 17 19 -

    APPLICATIONS RECEIVED - Continued

    New York Barclays Bank PLC and Barclays Bank Internat ional L imi ted, both located in London, England, request permission to relocate an o f f i c e engagi ng in the fo l lowing a c t i v i t i e s (the operation of a c o n s u m e r f inance business and the sale as agent of related c red i t l i f e , c red i t accident and health and c red i t property insurance, inc lud ing (A) d i rec t insta l lment loans to ind iv idua ls and the purchase of r e t a i l i n -stal lment notes [sales f inance] , such as loans made to ind iv idua ls for personal, fami ly or household purposes, inc lud ing loans secured by real estate and the purchase on a discounted basis of contracts and related secur i ty agreements ar is ing p r i n c i p a l l y from the sale by dealers of t i t l e d goods [ inc lud ing automobiles, mobile homes, t rave l t r a i l e r s and campers, and boat and marine equipment] and household goods [ inc lud ing f u r n i t u r e , t e l e v i s i o n sets and appl iances] and re la ted wholesale f inancing consis t ing of f inancing dealers1 inventor ies of automobiles, mobile homes and other cha t te l s , and (B) at the e lect ion of the borrowers from 8AC and i t s respective consumer finance subs id ia r ies , sale of c red i t - r e l a t ed insurance, inc luding decreasing term c red i t l i f e insurance, c red i t accident and health insurance, and c red i t property insurance designed to protect the borrower's personal property [ e . g . , household goods] which serves as c o l l a t e r a l for loans from BAC and i t s subsid iar ies) from 109 N. Church St ree t , Mulberry, Flor ida to Suite 408, 2901 West Busch Boulevard, Tampa, F lo r ida , through t h e i r consumer f inance subs id ia r ies , BarclaysAmerican/Financial, Inc . , Barclays-American/Mortgage, Inc . and BarclaysAmerican/Financial Services, Inc. (4/27/83)

    New York The Chase Manhattan Corporation, New York, New York, requests permission to establ ish a de novo o f f i c e engaging i n the fo l lowing a c t i v i t i e s (makfng or acqui r ing, for i t s own account or for the account of others, loans and other extensions of c red i t secured by ^eal estate i nc lud ing , but not l im i ted t o , f i r s t and second mortgage loans secured by one-to- four family res ident ia l p roper t ies , serv ic ing loans and other extensions of c red i t for any person, t o o f f e r mortgage term l i fe insurance, accident and health insurance and d i s a b i l i t y insurance d i r e c t l y re lated to the proposed lending and serv ic ing a c t i v i t i e s ) in the v i c i n i t y of Palm Beach Lakes Boulevard and 1-95, West Palm Beach, F lo r ida , through i t s subsid iary, Chase Home Mortgage Corporation (4/26/83)

    !

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

  • H.2, 1983 N0. 17 - 2 0 -

    APPLICATIONS RECEIVED - Continued

    New York Manufacturers Hanover Corporation, New York, New York, requests permission to relocate an o f f i ce engaging in the fo l lowing 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 finance company under Connecticut law; and o f fe r ing c red i t - r e l a t ed l i f e insurance and c red i t accident and heal th insurance) from 600 N. Colony St reet , Wal l ingford, Connecticut to 5 Main St reet , West Har t ford , Connecticut, through i t s subs id iary , Manufacturers Hanover Financial Services, Inc. (4/29/83)

    Cleveland Mellon National Corporation, Pi t tsburgh, Pennsylvania, for approval to acquire 100 percent of the vot ing shares of Globe Indust r ia l Bank, Boulder, Colorado, and Centaur Indus t r ia l Bank, Lafayette, Colorado.

    Richmond V i rg in ia National Bank shares Incorporated, Nor fo lk , V i r g i n i a , n o t i f i c a t i o n of i n ten t to engage in de novo a c t i v i t i e s (making, acqu i r ing , and serv ic ing f o r i t s own account or for the account of others, loans secured p r i nc i pa l l y by second mortgages on real property and acting as agent in the sale of real proper ty , and c r e d i t l i f e insurance and c red i t accident and heal th insurance in connection with such loans) at 100 South Pine Island Road, P lantat ion, F lo r ida , through i t s subs id iary , VNB Equity Corporation (4/27/83)

    At lanta United Bank Corporat ion, Barnesv i l le , Georgia, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( i n mortgage banking a c t i v i t i e s , i ncTudi ng the extension of d i rec t loans to consumers and commercial borrowers secured by mortgages and the resale of mortgages to government agencies and other inves tors ; and in the commercial leasing of personal property i n accordance w i th the Board's Regulation Y; the serv ic ing of loans, both commercial and consumer, f o r subsidiary banks and others; the providing of computer services to subsid iar ies and others as allowed by appl icable regulat ions) at 320 Thomaston St ree t , Barnesv i l le , Georgia, serv ic ing Crawford, Lamar, Pike and Spalding Counties, Georgia (4/19/83)

    Chicago WHITEWATER BANCORP., INC., Whitewater, Wisconsin, for approval to engage de novo i n the sale of general insurance a c t i v i t i e s in a community with a population greater than 5,000 by a bank holding company wi th to ta l assets of $50 m i l l i o n or less.

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

  • H.2, 1983 No. 17 - 2 1 -

    APPLICATIONS RECEIVED - Continued

    Mi nneapo 1 i s

    Kansas City

    Kansas City

    Kansas Ci ty

    Dal las

    San Francisco

    San Francisco

    Northwest Bancorporation, Minneapolis, Minnesota, ( to be known as Norwest Corporation beginning May 1, 1983), f o r approval to engage de novo i n equity f inanc ing a c t i v i t i e s through i t s nonbank subsidiary Banco Mortgage Company (to be known as Norwest Mortgage, I n c . ) .

    American Commerce Bancshares, I n c . , Oklahoma C i t y , Oklahoma, n o t i f i c a t i o n of in tent to engage d i r ec t l y i n making res ident ia l mortgage loans fo r sale in to the secondary real estate market; these a c t i v i t i e s would be performed in Oklahoma C i t y , Oklahoma serving Oklahoma County, Cleveland County and Canadian County i n the s ta te of Oklahoma (4/26/83)

    The Home State Bu i ld ing , I nc . , Lewis, Kansas, for approval to engage in general insurance agency a c t i v i t i e s in a community of less than 5,000 populat ion.

    Omaha National Corporation, Omaha, Nebraska, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( i n mortgage lending a c t i v i t i e s ; inc luding the extension of res ident ia l mortgage loans and the performance of local co l l ec t i on and inspect ion a c t i v i t i e s related thereto) these a c t i v i t i e s w i l l be conducted in the states of Missouri and Kansas, through i t s subs id iary , Real banc, Inc. (4/25/83)

    Mercanti le Texas Corporat ion, Dal las, Texas, for approval to engage, through i t s subs id iary , Financial Protect ion Insurance Company of Texas, in the underwri t ing of insurance a c t i v i t i e s in Texas.

    Security Paci f ic Corporat ion, Los Angeles, Ca l i f o rn i a , for approval to expand i t s ind i rec t subsid iary , Security Pac i f i c Mortgage Services, I nc . , to include engaging de novo in the a c t i v i t i e s of a futures commission merchant of executing and c lear ing for the purchase and sale of futures contracts on f inanc ia l instruments and options thereon, as well as act ing as a broker/ dealer to buy and s e l l d i r ec t l y and engage in purchase and sale of options on futures cont rac ts , fu tures con-t r a c t s and options di rec t l y on U.S. government guaranteed secur i t ies for t h e i r own account and others.

    Security Pac i f ic Corporation, Los Angeles, Ca l i f o rn ia , n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s ( i n the o r i g i na t i on and acqu is i t i on of mortgage loans, inc lud ing development and construct ion loans on m u l t i -fami ly and commercial proper t ies fo r Security Paci f ic Mortgage Corporat ion's own account or for sale to

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

  • H.2, 1983 No. 17 22

    APPLICATIONS RECEIVED - Continued

    San Francisco

    San Francisco

    San Franci sco

    San Francisco

    others ; and the servic ing of such loans for others) at 350 East 500 South, Salt Lake C i t y , Utah, through i t s subsid iary , Security Paci f ic Mortgage Corporation (4/30/83)

    Security Paci f ic Corporation, Los Angeles, Ca l i fo rn ia , n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( i n the o r i g i na t i on and acqu is i t i on of mortgage loans, inc lud ing development and construct ion loans on mu l t i - f am i l y and commercial propert ies for Security Pac i f i c Mo tgage Corporation's own account or for sale to others; and the serv ic ing of such loans for others) at 2851 South Parker Road, Suite 970, Aurora, Colorado, serving the State of Colorado, through i t s subs id ia ry , Security Paci f ic Mortgage Corporation (4/30/83)

    Security Paci f ic Corporation, Los Angeles, Ca l i fo rn ia , n o t i f i c a t i o n of in ten t to engage i n de novo a c t i v i t i e s ( i n the o r i g ina t i on and acqu is i t i on of mortgage loans, inc lud ing development and construct ion loans on mu l t i -fami ly and commercial proper t ies fo r Security Paci f ic Mortgage Corporat ion's own account or for sale to o thers ; and the serv ic ing of such loans for others) at 6475 Wadsworth Boulevard, Suite 102, Arvada, Colorado, serving the State of Colorado, through i t s subs id iary , Security Paci f ic Mortgage Corporation (4/28/83)

    Security Paci f ic Corporation, Los Angeles, Ca l i f o rn ia , n o t i f i c a t i o n of i n ten t to engage in de novo a c t i v i t i e s ( i n the o r i g ina t i on and acqu is i t ion of mortgage loans, inc lud ing development and construct ion loans on m u l t i -fami ly and commercial proper t ies for Security Paci f ic Mortgage Corporation's own account or for sale to others; and the serv ic ing of such loans for others) at 10880 Wi lshire Boulevard, Los Angeles, C a l i f o r n i a , serv ic ing the State of C a l i f o r n i a , through i t s subsid iary, Security Paci f ic Mortgage Corporation (4/28/83)

    The Toronto-Dominion Bank, Toronto, Ontar io, Canada, Toronto-Dominion Holdings (U.S.A.) , Inc . , A t lan ta , Georgia, n o t i f i c a t i o n of in ten t to expand the geographic area and to continue to engage in the fo l lowing a c t i v i t i e s ( i n s o l i c i t i n g , making or acquir ing loans and other extensions of c r e d i t , inc luding permitted leasing [personal property and real proper ty ] t ransact ions, fo r i t s own account as well as in s o l i c i t i n g and servic ing c red i t fo r The Toronto-Dominion Bank's agencies, branches and lending subsidiary companies, inc luding

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

  • H.2, 1983 No. 17 - 2 3 -

    San Franci sco

    San Francisco

    APPLICATIONS RECEIVED - Continued

    marketing c red i t and other services of fered by, ass is t ing in the negot iat ion of the term of transact ions w i th , and serv ic ing and monitoring extensions of c red i t and re la t ionsh ips entered in to by the e n t i t i e s described above in accordance w i th the Board's Regulation Y) at One Barclay Plaza, Suite 440, 1675 Larimer St reet , Denver, Colorado, serving the United States, through t h e i r subs id ia ry , Toronto-Dominion (Colorado), Inc. (4/22/83)

    Wells Fargo & Company, San Francisco, Ca l i f o rn ia , n o t i f i -cat ion of in tent to engage i n de novo 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 , inc luding consumer insta l lment loans or ig inated by others and commercial loans secured by a borrower's or guarantor's assets; serv ic ing loans for the account of others; making f u l l pay-out leases of personal proper ty ; and acting as agent for c red i t l i f e or accident and health insurance re lated to i t s extensions of c red i t in accordance w i th the Board's Regulation Y and T i t l e VI of the Garn-St. Germain Depository I n s t i t u t i o n s Act of 1982) in Houston, Texas, serving Texas, Arkansas, Louisiana, New Mexico, and Oklahoma, through i t s subsid iary, Wells Fargo Credit Corporation (4/27/83)

    Woodburn Bancorp, Woodburn, Oregon, 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 ( leasing real and per-sonal propert ies and serv ic ing such leases in accordance with the Federal Reserve Board's Regulation Y) at 110 S. Pac i f ic Highway, Woodburn, Oregon, serving Woodburn and the surrounding rural area, through i t s subs id iary , Woodburn Bancorp Leasing, Inc. (4/22/83)

    Current Report F i led Pursuant to Section 13 of the Secur i t ies Exchange Act

    Bank of the Commonwealth Nor fo lk , V i rg in ia (Month of A p r i l )

    REPORTS RECEIVED

    PETITIONS FOR RULEMAKING

    None.

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