h2_19831008.pdf
TRANSCRIPT
ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM (H.? , 19F3 No. 40)
Act ions of t he Board; App l i ca t ions and Reports
Received During t h e Week Ending October 8 , 1983
APPLICABLE RESERVE BANK ACTIONS OF THE BOARD
New York
Phi ladelphia
Regula t ions D and 0 amendment, t o reduce t h e minimum m a t u r i t y of a l l t ime d e p o s i t s t o seven days , e f f e c t i v e October 1 , 1983 (Docket No. R-0417)
Regula t ion D amendment * t o modify t he r e se rve requirements on nonpersonal t ime d e p o s i t s , e f f e c t i v e October 6 , 1983 (Docket No. R-0484)
Regula t ion 0 t e c h n i c a l amendments to i nco rpo ra t e r u l e s r e l a t i n g t o the payment of i n t e r e s t on d e p o s i t s adopted by t h e Deposi tory I n s t i t u t i o n s Deregu la t ion Committee; e f f e c t i v e October 1 (Docket No. R-0483)
Ove r - the -coun te r s t o c k s , t he Federal Reserve Board pub l i shed a Supplement to i t s l i s t of OTC s tocks t h a t a r e s u b j e c t t o i t s margin r e g u l a t i o n s , e f f e c t i v e October 17, 1983.
Consumer Advisory Council meeting on October P6 and 27, in s e s s i o n s open t o the p u b l i c , in Terrace Room E of t h e Board ' s Martin B u i l d i n g .
Mechanics and Farmers Savings Bank, Br idgepor t , C o n n e c t i c u t , a p p l i c a t i o n t o a c q u i r e t he a s s e t s of and assume l i a b i l i t y t o pay d e p o s i t s of one branch of t h e Connect icu t Bank & Trust Company, National A s s o c i a t i o n , H a r t f o r d , C o n n e c t i c u t , loca ted in R i d g e f i e l d , Connec t i cu t ; r e p o r t t o t he Federal Depos i t s Insurance Corpora t ion on compe t i t i ve f a c t o r s . ] /
F i r s t Jersey National Corporation, J e r s ey C i t y , New Jersey* appl i ca t ion for approval of purchase of A t l a n t i c Ci ty branch of The F i r s t J e r sey National
T7 Appl i ca t ion processed on behalf of the Board of Governors under delegated author i ty .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.?, iQpr'f.o. an - ? .
ACTIONS OF THE BOARD - Continued
Phil ? fe lphia
Philadelphia
+- lade lphia
Cleveland
i »1d
e eland
k hmond
Mlanta
Rank, . lersey C i t y . New J e r s e y , hy The F i r s t Je rsey ^at ional Bank/South. Manahawkin, New J e r s e y , both hanks being s u b s i d i a r i e s of a p p l i c a n t ; r epor t t o t he Comptrol ler of t h e Currency on compe t i t ive f a c t o r s . 2 /
CNR National Bank, Fores t C i t y , Pennsylvania , proposal t o merge with Community National Bank, Fores t C i t y , Pennsy lvan ia , under t h e c h a r t e r of the former and with t i t l e of t h e l a t t e r ; r e p o r t t o the Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . 2 /
Nor theas te rn Bank of Pennsy lvania , Wilkes-Barre , Pennsy lvan ia , proposal t o acqu i re Berwick Plaza O f f i c e of Susquehanna Sav ings , a d i v i s i o n of A t l a n t i c F inanc ia l F e d e r a l , Bala Cynwyd, Pennsylvania ; r e p o r t t o the Federal Deposit Insurance Corporat ion on c o m p e t i t i v e f a c t o r s . J /
Northern Lehigh Bancorp, I n c . , S l a t i n g t o n , Pennsylvania , e x t e n s i o n of t ime t o January 19, 1984, wi th in which t o become a bank holding company through the a c q u i s i t i o n of 100 pe rcen t of t h e vo t ing sha res of C i t i z e n s Nat ional Bank of S l a t i n g t o n , S l a t i n g t o n , Pennsylvania . ] /
Banc One of Mans f i e ld , Mans f i e ld , Ohio, ex tens ion of t ime t o January 8 , 1984, w i t h i n which t o merge with The Peoples Bank in Mount G i l ead , Mount Gi lead , Ohio. ]_/
Kta r i C i t i z e n s Bancorp, P iqua , Ohio, ex tens ion of t ime t o January ?0, 1984, w i th in which t o acqu i re Miami C i t i z e n s National Bank & Trust Company, Piqua, Ohio. ] /
Cumberland Valley F inanc ia l Corpo ra t i on , London, Kentucky, ex t ens ion of t ime t o January 10, 1984, wi th in which to a c q u i r e Cumberland Valley National Bank & Trust Company, London, Kentucky. _1/
V i rg in i a National Bank, Nor fo lk , V i r g i n i a , proposed merger wi th The Wise County National Bank, Wise, V i r g i n i a ; r e p o r t t o t h e Comptrol ler of t h e Currency on c o m p e t i t i v e f a c t o r s . 1 /
Royal Trust Bank, G u l f p o r t , F l o r i d a , ex tens ion of t ime t o October ?9 , 1983, w i th in which to open i t s Count rys ide O f f i c e . 1/
1/ Ap lp i ca t i nn processed on behalf of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .
I
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
"** . * - 3 -
A; OF BOARr - Continued
H r g t f^nrg^a Pa rk , A t l a n t a , Georgia , an investment n hark premises. U
f i r s ? Secu r i t y Bankshares , I n c . , Lavonia, Georgia, ex t ens ion of t ime t o January 1 , 1984, wi th in which f ? Decode a bank holding company through the a c q u i s i t i o n of Northeast Georgia Bank, Lavonia, Georg ia . ] /
W r i g h t s v u l e Holding Company, W r i g h t s v i l l e , Georgia , e y f e r s i o n of t ime t o December 1 , 1983, wi th in which :o b e f o r e a hank holding company through the a c q u i s i t i o n of Exchange Bank of W r i g h t s v i l l e , W r i g h t s v i l l e , Georgia* _V
At lan ta Sou theas te rn Banking Corpo ra t i on , Fo lks ton , Georgia , ex t ens ion of t ime t o January 2 , 1984, wi thin which t o become a bank holding company through a c q u i s i t i o n of t h e Par ien Bank, Har ien , Georg ia , 2 /
- - t - Hardee BarMng Corpo ra t ion , Wauchula, F l o r i d a , ex tens ion of t ime t o February 15, 1984, wi th in which t o become a hank holding company through t h e a c q u i s i t i o n of F i r s t National Bank of Wauchula, Wauchula, F l o r i d a . 2 /
i C i t i z e n s Bank & Trust Company, Park Ridge, I l l i n o i s , an investment in bank p r emi se s . 2 /
"n ; : aco Wyandotte Savings Bank, Wyandotte, Michigan, an investment in bank p r emi se s . 2 /
% t 'er Trust and Savings Bank, Ouincy, I l l i n o i s , r roposa l t o merge with NTS Bank, Ounicy, I l l i n o i s ; r e p o r t t o t h e Federal Deposit Insurance Corporat ion ^ compe t i t i ve f a c t o r s , j /
Helta Bancshares Company, S t . Louis , Mi s sou r i , ex tens ion of t ime to January 4 , 1984, t o acqu i r e the Eureka Bank, Eureka, Mi s sou r i . 2 /
S t . Louis Ai rpor t National Bank, B e t h a l t o , I l l i n o i s , proposal t o merge with ANB National Bank, B e t h a l t o , I l l i n o i s ; r e p o r t to t h e Comptrol ler of the Currency on compe t i t i ve f a c t o r s . 1/
TT App l i ca t ion processed or; behalf of t he Board of Governors under f ie lpgafed a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1983 No. 40 - 4 -
ACTIONS OF THE BOARD - Continued
S t . Louis
S t . Louis
S t . Louis
Kansas Ci ty
Kansas City
Kansas City
Kansas Ci ty
San F ranc i sco
San F r a n c i s c o
F i r s t National Bank in P i n c k n e y v i l l e , P i n c k n e y v i l l e , I l l i n o i s , proposal t o merge with F i r s t Main S t r e e t National Bank, P i n c k n e y v i l l e , I l l i n o i s ; r epo r t to t h e Comptrol ler of t he Currency on compe t i t i ve f a c t o r s . ] /
F i r s t National Rank of C r o s s e t t , C r o s s e t t , Arkansas, proposal t o merge with The Bank of C r o s s e t t , National A s s o c i a t i o n , C r o s s e t t , Arkansas; r epo r t to t h e Comptrol ler of t he Currency on compet i t ive f a c t o r s . V
Union P l a n t e r s National Bank of Memphis, Memphis, Tennessee , proposal t o merge with Hamilton F i r s t Bank, N.A., C l i n t o n , Tennessee; t h e National Bank of Commerce of Jackson , Jackson, Tennessee; and t h e Bank of E a g l e v i l l e , E a g l e v i l l e , Tennessee; r e p o r t t o t h e Comptrol ler of the Currency on compe t i t i ve f a c t o r s . ]_/
F r o n t i e r A i r l i n e s Federal Cred i t Union, Denver, Colorado, t e r m i n a t i o n as a r e g i s t e r e d lender under Regulat ion G. ]_/
Community Corpo ra t i on , Enid, Oklahoma, ex tens ion of t ime t o January 25, 1984, w i th in which t o acqu i r e Community Bank and Trust Company, Enid, Oklahoma. V
Equ i t ab l e Bankshares of Colorado, I n c . , Denver, Colorado, ex t ens ion of t ime t o December 22, 1983, in which to a c q u i r e EquiBank - South, N.A., Arapahoe County, Colorado. V
Great Western F inanc ia l S e r v i c e s , I n c . , Colorado Spr ings , Colorado, ex tens ion of t ime t o December 27, 1983, wi thin which t o a cqu i r e Western National Bank of Colorado S p r i n g s , Colorado Sp r ings , Co lo rado ._ l /
Mid Valley Bank, Corning, C a l i f o r n i a , proposed purchase of a s s e t s and asusmption of l i a b i l i t i e s of t h e Red Bluf f o f f i c e of North Valley Bank, Redding, C a l i f o r n i a ; r e p o r t t o the Federal Deposi ts Insurance Corporat ion on c o m p e t i t i v e f a c t o r s . V
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a , e x t e n s i o n of t ime t o October 17, 1984, wi th in which t o e s t a b l i s h a branch o f f i c e in t h e v i c i n i t y of t h e i n t e r s e c t i o n of Shaw and Marks Avenue in t h e Ci ty and County of Fresno , C a l i f o r n i a . V
T7 App l i ca t i on processed on beha l f of t h e Board of Governors under de l ega ted a u t h o r i t y .
I
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1983 No. 40 - 5 -
ACTIONS OF THE BOARD - Continued
San P y n d e r / P . I . E . Federal Cred i t Union, t e r m i n a t i o n as F ranc i sco a r e g i s t e r e d l ender under Regula t ion 6. V
T7 App l i ca t ion processed on beha l f of t h e Board of Governors under de l ega t ed a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.?» 19H3N0. 40 - 6 -
ACTIONS OF THE BOARD - Continued
To Merge Pursuant t o Sect ion 18(c) of t he Federal Deposit Insurance Act
Approved Richmond Central F i d e l i t y Bank, Norfo lk , V i r g i n i a . To merge
with Centra] F i d e l i t y Rank, N.A., Richmond, V i r g i n i a . U
San Valley Rank and Trust Company, Sa l t Lake C i t y , Utah. Franc i sco To a c q u i r e t h e a s s e t s and assume the l i a b i l i t i e s
of the Brigham C i t y , Utah, branch of Bank of Utah, Odgen, Utah. ] /
* * * * *
To Become a Member of t he Federal Reserve System Pursuant to Sect ion 9 of t h e Federal Reserve Act
Approved <an S c o t t s d a l e Commercial Bank, S c o t t s d a l e , Ar izona. 2 / Franc i n r.
Kansas Ci ty FirstBank a t Arapahoe/Yosemite, Englewood, Colorado. ] /
Kansas Ci ty C i t i z e n s Bank of Glenda le , Glenda le , Colorado. 2 /
Kansas City The Bank of Aurora, Aurora, Colorado. 2 /
* * * * *
Issued In ten t Not t o Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978
Not Disapproved Nork i t t Bancorp, I n c . , Ha l lock , Minnesota . 2 /
Minneapolis Greenbvsh Bancshares , I n c . , Greenbush, Minnesota. 2 /
Kansa< C n y V e r f i g r e S t a t e Company, Verd ig re , Nebraska. 2 /
Sar Cap i s t r ano Bancorp, San Juan C a p i s t r a n o , C a l i f o r n i a . 2 / F ranc i sco
T? ^ ^ c a t T o n processed on behal f of t h e Board of Governors under de l ega t ed a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
. 7 -
A C T H E BOARD - Crntinued
Tc [ $ T 1 ; s h a Domestic Branch Pursuant t ' <rc t H n Q of the Federal Reserve Act
Approved { The Prov io rn t Bank, C i n c i n n a t i , Ohio. To e s t a b l i s h
Customer Bank Communication Terminal branches at tne foUowinq l o c a t i o n s : 1535 West Ga lbra i th Do?", C i n c i n n a t i , Ohio; 2322 Ferguson Road, C i n c i n n a t i , Ohio; 4500 Montgomery Road, C i n c i n n a t i , OMo; Olenway Avenue, C i n c i n n a t i , Ohio; 528
C i n c i n n a t i , Ohio; Pol ly Lane, Mi 1 f c r r , Ohio. U
C l e v e l a r / Tr^ Earners and Merchants Bank, F a i r b o r n , Ohio. To e s t a b l i s h a branch a t 21 West Dorothy Lane, K e t t e r i n g , Ohio. J /
Pi ^ r e ^ t r a l F i d e l i t y Bank, Nor fo lk , V i r g i n i a . To e s t a b l i s h a branch a t S u i t e 100, World Trade Cen te r , Nor fo lk ,
1 '
f ~rs t V i rg in i a Bank, F a l l s Church, V i r g i n i a . To e s t a n H s h a customer-bank communication te rminal ar t ne SpnTsylvan:a Mal l , Spotsy lvania County, Virg in ia . 1/
; t u p l e s Banx ano Trust Company, Cedar Rapids , Iowa To e s t a b l i s h an ATM a t t h e Westdale Mall , 2600 locewoofi Poad, S. k . , Cedar Rapids , Iowa. ] /
S t a t e Bank and Trust Company, Goodland, kar~<HS. Tr e s t a b l i s h a detached f a c i l i t y a t 2310
* - T \ rnon land , Kansas. 1/
«rr ^ " i f ; c a t i n n s f o r I n t e r n a t i o n a l A / t n n s Pursuant t o Sec t ions 25 and 25(a)
- f t h e f e d e r a l ^e^^rve Af t and Sec t ions 4 ( c ) ( 9 ) , * ( c ) ( I 3 ) and 4 ( c ) ( 1 4 ) f? ^ J r m q ^wpany Act of *956, as amended
Approved ! r r I ' - f i ^ P a n c s h a r e s Corpora t ion , Laredo, Texas:
crarTT, content t o a c q u i r e 100 pe rcen t of the vo t ing s n a r f ? W I%( Tracing Company, Laredo, Texas and f r q a g e (»e nov( in t h e a c t i v i t y of ope ra t i ng an
r t T r a c i n g company.
/ ; ; ! * * i e n * H of t h e Board of Governors under
I
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
OF THF PHARD - Continued
p Hnlmng Company Pursuant to Sect ion 3 M Pank Holding Company Act of 1956
Approved pr<,on Fenwic# F inanc ia l C o r p o r a t i o n , Old Saybrook,
C o n n e c t i c u t , f o r approval t o a c q u i r e 100 percen t L?" vo t ing sha re s of Old Saybrook Bank and Trust
%.ipany, Old Saybrook, Connec t i cu t , a proposed new nank. 2 /
At lan t a F N BanCorp, I n c . , Tullahoma, Tennessee , f o r approval t o a c q u i r e 100 percen t of t h e vo t ing shares of F i r s t American National Bank of Tullahoma, Tullahoma, Tennessee . 2^
A t l an t a Huh Bancshares , I n c . , L a f a y e t t e , Lou i s i ana , f o r approval t o a c q u i r e a t l e a s t 51 percen t of t h e vot ing shares of Huh City Bank and Trust Company, L a f a y e t t e , L o u i s i a n a . ] /
A t l an t a The Merchant Bancorpora t ion of F l o r i d a , Brandon, F l o r i d a , f o r approval t o acqu i r e 100 percen t of t h e v o t i n g sha re s of The Merchant Bank of F l o r i d a , Brandon, F l o r i d a , a proposed new bank. 2 /
Chicago Cole-Taylor F inanc ia l Group, I n c . , Chicago, I l l i n o i s , f o r approval t o a c q u i r e 99 pe rcen t of t h e vot ing s h a r e s of Main Bank of Chicago, Chicago, I l l i n o i s ; Drovers Bank of Chicago, Chicago, I I 1 i n o i s ; and Bank of Yorktown, Lombard, I l l i n o i s and t o a c q u i r e 80 p e r c e n t of Skokie Trust & Savings Bank, Skokie , I I l i n o i s . 2 /
Chicago Dows Banco rpo ra t i on , Dows, Iowa, f o r approval t o acqu i r e a t l e a s t 80 .77 percen t of t h e vo t ing sha res of Farmers S t a t e Bank of Dows, Dows, Iowa. 2 /
Chicago F i r s t Lansing Bancorp, I n c . , Lansing, I l l i n o i s , fo r approval t o a c q u i r e a t l e a s t 80 pe rcen t of the vot ing s h a r e s of F i r s t National Bank of Lansing, Lansing, I I l i n o i s . 2 /
Chicago FIRST STATE BANCORP OF M0NTICELL0, Mon t i ce l l o , I l l i n o i s , f o r approval t o a c q u i r e a t l e a s t 80 percent of t he vo t ing s h a r e s of t h e successo r by merger to F i r s t S t a t e Bank of M o n t i c e l l o , Mont ice l1o, I I l i n o i s . 1/
%/ A p p l i c a t i o n processed on beha l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1983 No. 40 - 9 -
ACTIONS OF THE BOARD - Continued
Chicago
Chicago
Chicago
Chicago
S t . Louis
S t . Louis
S t . Louis
Minneapolis
Minneapolis
GN Bancorp, I n c . , Chicago, 111 ino i s , f o r approval to a c q u i r e a t l e a s t 80 percent of t h e vo t ing shares of Gladstone-Norwood Trust A Savings Bank, Chicago, II1 inoi s .
Peoples Bancorp, I n c . , P r a i r i e du Chien, Wisconsin, f o r approval t o a c q u i r e 80 percent of t h e voting s h a r e s of Peoples S t a t e Bank, P r a i r i e du Chien, Wisconsin . ] /
Peoples F i r s t Bancshares , I n c . , Pana, I l l i n o i s , f o r approval t o a cqu i r e 100 percen t of t h e vot ing shares of t h e successo r by merger t o Peoples Bank & Trust of Pana, Pana, I l l i n o i s . V
Union Bancorp of E v a n s v i l l e , I n c . , E v a n s v i l l e , Wisconsin, f o r approval t o a cqu i r e a t l e a s t 80 pe rcen t of the vo t ing s h a r e s of Union Bank & Trust Company, Evans-v i l l e , Wisconsin . ] /
Commercial Holding Company, I n c . , P a r i s , Tennessee, f o r approval t o a c q u i r e 100 pe rcen t of t h e vot ing sha re s of t h e successo r by merger t o Commercial Bank and Trust Company, P a r i s , Tennessee. ] /
Peoples F i r s t Bancorp of M a d i s o n v i l l e , I n c . , Madison-v i l l e , Kentucky, f o r approval t o acqu i r e 100 percen t of t h e vo t i ng sha res of t he successo r by merger t o t h e Peoples Bank and Trust Company, Mad i sonv i l l e , Kentucky. 1 /
Tel 1 Ci ty National Bancorp, Tell C i t y , I n d i a n a , f o r approval to a c q u i r e 100 percen t of t h e vot ing shares of t h e successo r by merger t o Tel 1 Ci ty National Bank, Tel l C i t y , I n d i a n a . ] /
Bay Pock Bancshares , I n c . , Maiden Rock, Wisconsin, f o r approval t o a c q u i r e 80 pe rcen t of t h e vot ing sha re s of The F i r s t National Bank of Maiden Rock, Maiden Rock, Wisconsin . ] /
Beres ford Bancorpora t ion , I n c . , B r i t t o n , South Dakota, f o r approval t o a cqu i r e a t l e a s t 92 .5 pe rcen t of t h e vo t ing s h a r e s of The F i r s t National Bank of B e r e s f o r d , B e r e s f o r d , South Dakota.
1/ App l i ca t i on processed on beha l f of t he Board of Governors under de l ega t ed a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.P, 1983 No. 40 - 1 0 -
ACTIONS OF THE BOARD - Continued
Mi nneapol i !
Kansas City
Pal l a s
San Franc i sco
San Franc i sco
1st United Bancorpora t ion , Sidney, Montana, f o r approval t o a cqu i r e a t l e a s t 80 percent of t he vot ing sha res of 1s t United Bank of Sidney, S idney , Montana. 2 /
New Mexico Ranquest Inves to r s Corpora t ion , Santa Fe, New Mexico, f o r approval t o acqu i re a t l e a s t 50 percen t of t he vot ing sha res of New Mexico Banquest Corpo ra t i on , Santa Fe, New Mexico, and i n d i r e c t l y (98.25%) The F i r s t National Bank of Santa Fe, Santa Fe* New Mexico; (100%) F i r s t S t a t e Bank of Taos, Taos, New Mexico and (100%) F i d e l i t y National Bank , £1buquerque, New Mexico.
Independent Bankers F inanc ia l Corpora t ion , D a l l a s , Texas, f o r approval t o acqu i r e a t l e a s t 80 percent of t h e vo t ing shares of Texas Independent Bank, D a l l a s , Texas. J_/
Marin National Bancorp, San R a f a e l , C a l i f o r n i a , fo r approval t o acqu i re 100 percen t of t he vo t ing sha res of F i r s t National Bank of Marin, San R a f a e l , C a l i f o r n i a , a proposed new bank. ]_/
Scott scorn Bancorp, I n c . , S c o t t s d a l e , Ar izona , f o r approval t o acqu i r e 100 pe rcen t of t h e vot ing sha res of S c o t t s d a l e Commercial Bank, S c o t t s d a l e , Ar izona, a proposed new bank. 2 /
* * * * *
To Expand a Bank Holding Company Pursuant t o Sect ion 3 ( a ) ( 3 ) of t he Bank Holding Company Act of 1956
Approved New York Horizon Bancorp, Morris town, New J e r s e y , f o r approval
t o r e t a i n 100 pe rcen t of t h e vot ing shares of Horizon Trust Company, National A s s o c i a t i o n , Morri stown, New Jersey . J /
New York North Fork Bancorpora t ion , I n c . , M a t t i t u c k , New York, f o r approval to a c q u i r e 13.97 percen t of the vo t ing sha re s of The Bridgehampton National Bank, Bridgehampton, New York. ] /
1 / App l i ca t i on processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.?, : - v N o . 40 - n -
ACTIONS OF THE BOARD - Continued
Chicago American National Holding Company, Kalamazoo, Michigan f o r approval t o a cqu i r e 100 percent of the vot ing sha res of t h e successor by c o n s o l i d a t i o n t o Centra l National Bank of S t . Johns , Saint Johns , Michigan. J /
S t . Louis F i r s t Arkansas Bankstock Corpora t ion , L i t t l e Rock, Arkansas , f o r approval t o acqu i r e a t l e a s t 80 percen t of the vot ing shares of F i r s t Char ter Banchsares , I n c . , Sp r ingda l e , Arkansas and i n d i r e c t l y acqu i r e F i r s t S t a t e Bank, Spr ingda le , Arkansas . J /
Kansas City Banco de Vizcaya, S .A . , B i lbao , Spain , f o r approval to a c q u i r e a t l e a s t 48 percent of the vot ing shares of New Mexico Banquest I n v e s t o r s Corpora t ion , Santa Fe, New Mexico.
Kansas City Centra l Bancorpora t ion , I n c . , Denver, Colorado; Central Colorado Company, Denver, Colorado; and C.C.B. , I n c . , Denver, Colorado, f o r approval to a c q u i r e 100 percent of t h e vo t ing shares of Centra l Bank a t S t a p l e t o n , N.A., Denver, Colorado, a proposed new bank. J_/
Dal las Char te r Bancshares , I n c . , Houston, Texas, f o r approval to a c q u i r e 100 pe rcen t of t h e vo t ing shares of Char te r National Bank-Arena, Houston, Texas, a pro-posed new bank. 1/
* * * * *
7c F'par-! a Bank Holding Company Pursuant t o Sect ion ? ( a ) f ; of the Bank Holding Company Act of 1956
Approved Minneapolis C a n t o l Bancorpora t ion , I n c . , P i e r r e , South Dakota,
fr . r approval t o merge with West Dakota Corpo ra t i on , Lead, South Dakota.
AppTic^tio^n processed on behal f of t h e Board of Governors under d e f e c t e d a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
. / , <r3 J'" - 1 2 -
ACTIu^ cr -Hp ROAPH - Continued
fxpand ? Hank Holding Conpany Pursuant t o Sect ion ^ o f the ^^Id ing Company Act of 195&
Approved f t l r r i - F i r s t National Corpo ra t i on , Covington, Louis iana ,
f o r rnvel f-r engage in da ta p rocess ing a c t i v i t i e s . 1/
' t ^ dc V i z c a j a , S. /^. , B i lbao , Spa in , f o r approval t o engage i n d i r e c t l y in t h e a c t i v i t i e s of making or a c q u i r i n g , fo r i t s own account or t he account of o t h e r s , loans and e x t e n s i o n s of c r e d i t inc lud ing d i r e c t l e a s e f i n a n c i n g ; t h e purchase and s a l e of i n s t a l m e n t loan c o n t r a c t s ; and c a s u a l t y insurance d i r e c t l y r e l a t e d t o ex t ens ions of c r e d i t or the t ; n v i < ? o r of o t h e r f i n a n c i a l s e r v i c e s .
Permitted Boston F le^ t F inanc i a l Group, I n c . , P rov idence , Rhode I s l a n d ,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in ( i ) the or ig ina t ion of f i r s t and second rea l e s t a t e mortgage loans and the purchase of rea l e s t a t e mortgages f i t ) the o r i g i n a t i o n of consumer I nans and tne purchase of s a l e s f i n a n c e c o n t r a c t s and f t ? : l a c t i n g as ayent for the s a l e of c r e d i t l i f e insurance* c red i t accident and health insurance and credi t property insurance; the c r e d i t l i f e and c r e d i t a c c i d e r t ard health insurance which would be sold
unde rwr i t t en by an a f f i l i a t e , Consumer L i f e I n s ^ r g f c e Company, I n c . , ; t h e s a l e of p roper ty
connection with the extens ions of c r e d i t By H e e : Firance, Inc. i s grandfathered under s ec t i on 6 , 1 ^ a* l*f ':&rr-$t. Germain Deposi tory I n s t i t u t i o n s 4 c a t S u i t e MP Pinebrook Complex, 9600 South Tamiami Tra i l , Fort Myers, F lor ida , these a c t i v i t i e s would he conducted in the geographic a rea surrounding for t Myers, F lor ida , through i t s i n d i r e c t s u b s i d i a r y , $l*+et f i n a n c e , Inc. (10 /S /P3) 3/
T7 prntesse^ or c* the Board of Governors under d e l e c t e d a u t h o r i t y .
3/ 4(c r t t i f i c a t K m ^ c e s s ^ hy Peserve Bank on behalf of the frmrd o? A)vernorL urtier ee l e l a t ed author i ty .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Boston Star-c Cor ro ra t ^on , Providence , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to engage in de novo act i v i t i e s ( in t he o r i g i n a t i o n , s a l e and s e r v i c i n g of s e c ; ^ mortgage l o a n s ; through i t s i n d i r e c t s u b s i M f r y , American Standard Insurance Agency a c t i n g a s an agent in t h e s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e , which, pursuant t o p r i o r appmva l s h a l l be unde rwr i t t en by an a H i H a t e c h<*nt hold ing company s u b s i d i a r y , The Motor l i f t - In swra r i f Company) a t 4903 East Broadway, Tucson, Ar izona . through i t s i n d i r e c t s u b s i d i a r y , UniMortgage Corpora t ion of Arizona (10 /7 /83) 2 /
frw York C i t i c o r p , New York, New York, r e q u e s t s permiss ion t o expand the a c t i v i t i e s of an e x s i t i n g o f f i c e t o include the fo l lowing a c t i v i t i e s ( t h e making or a c q u i r i n g of loans and other e x t e n s i o n s of c r e d i t , secured or unsecured, for consumer and o t h e r pu r -poses; the s a l e of c red i t re lated l i f e and acc iden t and heal th insurance by l i censed agents or b r o k e r s , as required; and the s e r v i c i n g , f o r any pe r son , of loans ano other extens ions of c r e d i t ; in a d d i t i o n , the o f f i c e proposes to broaden i t s previously approved a c t i v i t i e s of the extension of loans to mobile home dea lers f o r the f inancing of inventory [ f l o o r p l ann ing] and working cap i ta l purposes and the purchasing and serv i c ing for i t s own account of s a l e s f i n a n c e c o n t r a c t s r e l a t i n g t o mobile homes, to engage in such a c t i v i t i e s with regard to a l l types of dealers and a l l types of consumer insta l lment paper) at 2358 Fairlane Drive, Building H, Sui te 175, Montgomery, Alabama, through i t s subs id iary , Cit icorp Acceptance Company, I nc . (relaware) (10 /6 /83 ) 3/
Mew York C i t i c o r p , New York* New York, r e q u e s t s permission t o expand t he a c t i v i t i e s of an e x i s t i n g o f f i c e t o include the fo l lowing a c t i v i t i e s ( t h e making or acquiring of loans and other e x t e n s i o n s of c r e d i t , secured or unsecured, for consumer and o the r pu r -poses; the proposed s e r v i c e a rea w i l l comprise t he e n t i r e States of Louisiana, M i s s i s s i p p i and Arkansas f o r the aforementioned proposed a c t i v i t y and a po r t i on of the previously approved a c t i v i t i e s of t h e o f f i c e , s p e c i f i c a l l y : the extens ion of loans t o d e a l e r s f o r the f inancing of inventory [ f l o o r p l ann ing ] and working capi ta l purposes; the purchasing and s e r v i c i n g
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 author i ty .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.?, 1983 No. 40 - 14 -
ACTIONS OF THE BOARD - Continued
f o r i t s own account of s a l e s f i nance c o n t r a c t s ; t he s a l e of c r e d i t r e l a t e d l i f e and acc iden t and hea l th insurance by l i c ensed agents or b r o k e r s , as r e q u i r e d ; and t h e s e r v i c i n g , f o r any pe r son , of loans and o the r e x t e n s i o n s of c r e d i t ) a t 4355 Perk ins Road, Southdowns Shopping Cen te r , Baton Rouge, Lou i s i ana , through i t s s u b s i d i a r y , C i t i c o r p Acceptance Company, Inc . (Delaware) (10/6 /83) 3/
Mew York C i t i c o r p , New York, New York, r eques t s permission to expand t h e s e r v i c e area of two e x i s t i n g o f f i c e s engaging in the fo l lowing a c t i v i t i e s ( t h e making or a c q u i r i n g of 1oans and o the r ex t ens ions of c r e d i t , secured or unsecured , f o r consumer and o the r purposes ; the ex tens ion of loans t o d e a l e r s f o r t he f i nanc ing of inven to ry [ f l o o r p lann ing] and working c a p i t a l purposes ; the purchasing and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s ; the s a l e of c r e d i t r e l a t e d 1 i f e and acc iden t and h e a l t h insurance by 1icensed agents or b r o k e r s , as r e q u i r e d ; t h e making of loans to i n d i v i d u a l s and bus ines ses secured by a l i e n on mobile homes, modular u n i t s or r e l a t e d manufactured housing * t o g e t h e r with the real p roper ty t o which such housing i s or wi l l be permanently a f f i x e d , such p rope r ty being used as s e c u r i t y f o r t he l oans ; and t h e s e r v i c i n g , f o r any pe r son , of loans and o the r e x t e n s i o n s of c r e d i t ) a t 10615 SE Cherry Blossom Drive , S u i t e ?70, P o r t l a n d , Oregon and 1425 West Pioneer Boulevard, Su i t e 110, I r v i n g , Texas, through i t s s u b s i d i a r y , C i t i c o r p Acceptance Company, Inc . (Delaware) (10 /6 /83) 3/
New York Manufac turers Hanover Corpora t ion , New York, New York, r e q u e s t s permiss ion t o e s t a b l i s h a de novo o f f i c e engaging in t h e fo l lowing a c t i v i t i e s (consumer f i n a n c e , s a l e s f i n a n c e , marine f i n a n c e , commercial f i n a n c e ; s e r v i c i n g such loans and o the r ex t ens ions of c r e d i t ; and a c t i n g as agent or broker fo r t h e s a l e of s i n g l e and j o i n t c r e d i t l i f e insurance and d e c r e a s i n g or l eve l t e r m , in t h e case of s i n g l e payment l o a n s , c r e d i t l i f e i n s u r a n c e , and c r e d i t a cc iden t and h e a l t h insu rance d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t made or acquired by Manufacturers Hanover F inanc ia l Se rv ices of Maryland, I n c . ) a t 410 Severn Avenue, Annapol i s , Maryland, through i t s sub-s i d i a r y , Manufacturers Hanover F inancia l Serv ices of Maryland, Inc . (10 /5 /83 ) 3/
37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t he Board of Governors under de lega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.P, 1983 No. 40 - 1 5 -
ACTIONS OF THE BOARD - Continued
Cleveland PNC Financ ia l Corp, P i t t s b u r g h , Pennsy lvan ia , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( in making or acqu i r ing and s e r v i c i n g f o r i t s own accoun t , and fo r the accounts of o t h e r s , loans and o the r ex tens ions of c r e d i t ) a t 101 E. Beaver Avenue, O f f i c e #6, S t a t e Col lege , Pennsy lvan ia , through i t s s u b s i d i a r y , The Kissel 1 Company (10 /5 /83) 3/
Chicago Walter E. He l le r I n t e r n a t i o n a l Corpora t ion , Chicago, I l l i n o i s , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s account or f o r t h e account of o t h e r s , loans and o the r ex tens ions of c r e d i t and s e r v i c i n g loans and o the r ex t ens ions of c r e d i t f o r any person) a t 10 Penn Cen te r , P h i l a d e l p h i a , Pennsy lvan ia , s e rv ing the S t a t e of Pennsylvania , through i t s s u b s i d i a r y , Abacus Real E s t a t e Finance Co. (10 /4 /83)
Chicago Walter E. He l l e r I n t e r n a t i o n a l Corpora t ion , Chicago, I l l i n o i s , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( in real e s t a t e a p p r a i s a l ) a t 3300 North Central Avenue, Phoenix, Ar izona, t h e geographic scope wi l l be the S t a t e s of Ar izona, C a l i f o r n i a , Idaho, Nevada, New Mexico, Oregon and Washington, through i t s s u b s i d i a r y , Abacus Realty A p p r a i s e r s , Inc . (10 /7 /83 ) 2 /
Chicago Walter E. He l le r I n t e r n a t i o n a l Corpora t ion , Chicago, I l l i n o i s , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , loans and o t h e r ex t ens ions of c r e d i t and s e r v i c i n g loans and any o t h e r e x t e n s i o n s of c r e d i t f o r any person) a t 10900 Wi l sh i re Boulevard, Los Angeles , C a l i f o r n i a , se rv ing the S t a t e of C a l i f o r n i a , through i t s sub-s i d i a r i e s , Abacus Real E s t a t e Finance Company and Abacus Mortgage Investment Company (10 /4 /83)
Kansas City IntraWest F inanc ia l Corpo ra t i on , Denver, Colorado, n o t i f i c a t i o n of i n t e n t t o engage in jde novo a c t i v i t i e s ( a c t i n g as agent f o r t h e s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h insurance to borrowers from member banks of t h e IntraWest System) t o inc lude the o f f i c e s of t he IntraWest Bank of Aurora, N.A., 1450 South Havana* Aurora, Colorado; IntraWest Bank of Southwest P l a z a , N.A., 8501 West Bowles, L i t t l e t o n , Colorado; and IntraWest Bank of Highlands Ranch, N.A, 330 Plaza Dr ive , Highlands Ranch, Colorado, t h i s
_3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e * Board of Governors unoer de l ega t ed a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.?, 1983 No. 40 - 1 6 -
ACTIONS OF THE BOARD - Continued
Dal l a s
San Francisco
San Francisco
a c t i v i t y would se rve p o r t i o n s of Denver, Adams, Arapahoe, Douglas and J e f f e r s o n c o u n t i e s of Colorado, through i t s s u b s i d i a r y , IntraWest Insurance Agency, Inc . (10 /5 /83 ) 3/
Southwest Bancshares , I n c . , Houston, Texas, n o t i f i -c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s
or a c q u i r i n g , f o r i t s own account or fo r thv account of o t h e r s , loans and o the r ex t ens ions of c r e d i t , and s e r v i c i n g loans and o the r ex tens ions of c r e d i t f o r o t h e r s , in accordance with the Board 's Regula t ion Y) t h e s e a c t i v i t i e s would he performed in t h e S t a t e of Texas, through i t s s u b s i d i a r y , Southwest Bancshares Funding Company (10/7 /83) 3/
Firs t I n t e r s t a t e Bancorp, Los Angeles , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n mortgage company a c t i v i t i e s t o t he e x t e n t of ( i ) making or acqu i r ing real e s t a t e or c o n s t r u c t i o n loans f o r i t s own account or f o r t he account of o t h e r s ; ( i i ) s e l l i n g or s e r v i c i n g real e s t a t e or c o n s t r u c t i o n loans f o r i t s own account or f o r t he account of o thers; ( i i i ) performing appra isa l s of real e s t a t e ; ( i v ) conduct ing such re la ted a c t i v i t i e s as are i n c i d e n t a l t o the mortgage banking b u s i n e s s ; and (v) act ing as insurance agent or broker, as pe rmi t t ed by subsec t ion (A) of Sect ion 601 of the Garn-St Germain Deposi tory I n s t i t u t i o n s Act of 1982, with respect to (a ) cred i t l i f e and c red i t a cc iden t and h e a l t h i n s u r a n c e , 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 lated t o e x t e n s i o n s of c r e d i t or the p r o v i s i o n of o t h e r f inanc ia l s e r v i c e s by F i r s t In ter s ta te Bancorp or i t s s u b s i d i a r i e s ) in San Antonio, Texas, serving San Antonio and the State of Texas, through i t s s u b s i d i a r y , F i r s t I n t e r s t a t e Real Estate Services Company, Inc. ( 1 0 / 8 / 8 3 ) 3 /
Wei Is Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making or acquir ing, for i t s own account or for the account of o t h e r s , loans and o t h e r e x t e n s i o n s of c r e d i t ; s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t f o r other persons) in Woodland H i l l s , C a l i f o r n i a and Walnut Creek, C a l i f o r n i a , s e rv ing Los Angeles and Ventura and
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 author i ty .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.?, 19P3 No. 40 - 17 -
ACTIONS OF THE POARP - Continued
surrounding counties and Northern Cal i fornia , r e s p e c t i v e l y , through i t s subsidiary, Wei 1s Fargo Mortgage Company (10/7/R3) 3/
* * * * *
To Issue E l i g i b l e Acceptances up t o POO Percent of Paid-in Capi ta l and Surplus
Richmond Maryland National Bank, Bal t imore , Maryland: approved reques t t o execute acceptances up the POO percen t of c a p i t a l and s u r p l u s . V
T7 Application processed on behalf of the Board of Governors under * delegated author i ty . 3 / * ( c ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Pcard of Governors under delegated author i ty .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
\ an - 1 8 -
To Become a Member of the Federal Reserve System Pursuant to Sec t ion Q of the Federal Reserve Act
Richmond F i r s t Virg in ia Bank of the Peninsu la , Grafton, V i r g i n i a . 2/
Chicago Fverly S t a t e Bank, Ever ly , Iowa.
S t . l o u i s PidAmerica Bank and Trust Company of Mascoutah, Mascoutah , I l l i n o i s .
San fomnercial Bank of Fremont, Fremont, C a l i f o r n i a . 2 / Francisco
* • * *
To Merce Pursuant t o Sect ion 18(c) of the Federal Deposit Insurance Act
Richmond F i r s t Virg in ia Bank of the Pen insu la , Grafton, V i r g i n i a , t o assume depos i t l i a b i l i t i e s and a s s e t s of the Williamsburg o f f i c e of Virginia National Bank, Norfo lk , V i r g i n i a .
Richmond Central F i d e l i t y Bank, Norfolk , V i r g i n i a , t o merge with Central F i d e l i t y Bank, N.A. , Lynchburg, V i r g i n i a . ? /
Chicago Everly S t a t e Bank, Everly , Iowa, t o merge with Peterson S t a t e Bank, Pe terson , Iowa. 2 /
Piinmc d F i r s t Virg in ia Bank of the Peninsu la , Grafton, V i r g i n i a , f o r approval t o assume d e p o s i t l i a b i l i t i e s at the Grafton and Williamsburg o f f i c e s of F i r s t Virg in ia Bank of Tidewater, Norfo lk , V i r g i n i a . 2/
?7 Appl i ca t ion subjec t t o Community Reinvestment Act . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e deserve Bank may be contacted as t o the length of the comment per iod .
i
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
# H.f , 1983 No. 40 - 19 -
APPLICATIONS RECEIVED - Continued
To E s t a b l i s h a Domestic Branch Pursuant t o Section 9 of the Federal Reserve Act
New York
Richmond
San Francisco
San Francisco
Central Trust Company, Rochester, New York, To e s t a b l i s h two o f f s i t e e l e c t r o n i c f a c i l i t i e s at t h e fo l lowing l o c a t i o n s : 9045 S t a t e Road, Nunda, New York; 1004 Culver Road, Roches te r , New York. 7J
Bank of Gassaway, Gassaway, West V i r g i n i a . To e s t a b l i s h an o f f - p r e m i s e s f a c i l i t y a t S21 River S t r e e t , Gassaway, West V i r g i n i a . 2J
F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a , An a p p l i c a t i o n f o r a branch o f f i c e in t h e v i c i n i t y of t he i n t e r s e c t i o n of Seventh S t r e e t and Garland Avenue, City and County of Los Angeles, C a l i f o r n i a . 2 /
The Cont inen ta l Bank and Trust Company, Sa l t Lake C i t y , Utah. A branch o f f i c e t o be loca ted at 10400 South and 1300 East , Sandy, Salt Lake C i t y , Utah. 2/
* * * * *
App l i ca t i ons and N o t i f i c a t i o n s f o r International Investments and Other Act ions Pursuant t o Sect ions 25 and 25(a)
of the Federal Reserve Act and Sec t ions 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 ) and 4 ( c ) ( 1 4 ) of t h e Rank Holding Company Act of 1956, as amended
New York
San Francisco
Cit ibank Overseas Investment Corpo ra t i on , Wilmington, Delaware: p r i o r n o t i f i c a t i o n of i t s i n t e n t to con t inue t o h o l d , d i r e c t l y o r i n d i r e c t l y , sha re s of Banco In t e rnac iona l de Colombia, 5 . A . , Bogota, Colombia a f t e r Banco, d i r e c t l y or i n d i r e c t l y , makes an a d d i t i o n a l investment in Compania Exportadora C i t y e x p o r t , S .A. , Bogota, Colombia.
Secu r i t y P a c i f i c Overseas Corp . , Los Angeles, C a l i f o r n i a , p r i o r n o t i f i c a t i o n of i t s i n t e n t t o make an a d d i t i o n a l , i n d i r e c t investment in Secu r i ty P a c i f i c A u s t r a l i a L imi ted , Sydney, A u s t r a l i a .
* * * * *
2] App l i ca t ion s u b j e c t to Community Reinvestment Act . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be con tac ted as to the l eng th of the comment p e r i o d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1983 No. 40 - 20 -
APPLICATIONS RECEIVED - Continued
To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o Sec t ion 25 of t h e Federal Reserve Act
Boston The F i r s t National Bank of Boston, Boston, Massa c h u s e t t s : p r i o r n o t i f i c a t i o n of i t s i n t e n t t o open an i n i t i a l branch in Curacao, Nether lands A n t i l l e s .
* * * * *
To Form a Bank Holding Company Pursuant t o Sect ion 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Peoples Secu r i t y Bancorp, I n c . , Louisa , Kentucky, f o r approval t o a cqu i r e 100 percen t of t he vot ing s h a r e s of The Peoples Secu r i t y Bank of Louisa , Lou i sa , Kentucky, 2J
NBN C o r p o r a t i o n , Newport, Tennessee, f o r approval t o a c q u i r e a t l e a s t 80 percen t of t h e vot ing shares of Nat ional Bank of Newport, Newport, Tennessee. 2J
Peoples Bankshares I n c o r p o r a t e d , Ea tonton , Georgia , f o r approval t o a c q u i r e 100 percen t of the vot ing sha re s of The Peoples Bank, Eatonton , Georgia . 2]
Angola Bancorpora t ion , I n c . , Angola, I nd i ana , f o r approval t o a c q u i r e a t l e a s t 80 .25 pe rcen t of t he vo t ing sha res of F i r s t National Bank of Angola, Angola, I n d i a n a . 2/
Farmers and Traders Bancorpora t ion , I n c . , Douds, Iowa, f o r approval t o a c q u i r e 81 percen t or more of t h e vo t ing sha re s of Farmers and Traders Savings Bank, Douds, Iowa. 7J
Fox Lake Bankshares , I n c . , Fox Lake, Wisconsin, fo r approval t o a c q u i r e a t l e a s t 80 percen t or more of t h e vo t ing sha re s of S t a t e Bank of Fox Lake, Fox Lake, Wisconsin. 2/
H i l l s Bancorpora t ion , H i l l s , Iowa, f o r approval t o a c q u i r e 100 pe rcen t of t h e vot ing sha res of the succes so r by merger t o H i l l s Bank and Trust Company, H i l l s , Iowa. 2/
2/ App l i ca t i on s u b j e c t t o Community Reinvestment Act . The Community ~~ A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be con tac ted
as t o t he l eng th of t h e comment p e r i o d .
Cleveland
At lan ta
At l an ta
Chicago
Chicago
Chicago
Chicago
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1983 No. 40
Chicago
S t . Louis
S t . Louis
S t . Louis
St . Louis
Minneapolis
Minneapoli s
Kansas City
Kansas City
APPLICATIONS RECEIVED - Continued
Westmont C o r p o r a t i o n , West Union, Iowa, f o r approval t o a c q u i r e BO percent or more of t h e vot ing shares of The Farmers Savings Bank, West Union, Iowa. 2/
B. B. Bancshares , I n c . , Shell Knob, Mis sour i , f o r approval t o acqu i r e a t l e a s t 80 pe rcen t of t he vot ing s h a r e s of Table Rock Bancshares , I n c . , Shell Knob, Missouri and i n d i r e c t l y Community Bank of Shell Knob, Shel l Knob, Mis sou r i . 2]
F i r s t Perry Bancorp, Inc, Pinckneyvi11e, I l l i n o i s , fo r approval t o a cqu i r e 100 pe rcen t of t h e vot ing shares of t h e succes so r by merger t o F i r s t National Bank in P i c k n e y v i l l e , P ickneyvi11e , I l l i n o i s . 2/
Lakeside Bancshares Inco rpo ra t ed , Hughes, Arkansas, f o r approval t o a cqu i r e a t l e a s t 80 percent of the vo t ing sha re s of The P l a n t e r s National Bank of Hughes, Hughes, Arkansas .
Twin City Bancshares , I n c . , North L i t t l e Rock, Arkansas , f o r approval t o a cqu i r e a t l e a s t 92.54 percen t of t h e vo t ing sha res of t h e Twin City Bank, North L i t t l e Rock, Arkansas . 2]
ASB Bank Holding Company, P i e r r e , South Dakota, fo r approval t o a c q u i r e a t l e a s t 81.44 percen t of t h e vo t ing sha re s of American S t a t e Bank of P i e r r e , P i e r r e , South Dakota. 2]
Deerwood Bancorpora t ion , I n c . , Deerwood, Minnesota, f o r approval t o a c q u i r e an a d d i t i o n a l 53.9 percent f o r a to ta l of 63 pe rcen t of t h e vo t ing shares of The F i r s t National Bank of Deerwood, Deerwood, Minnesota. 27
The Ca r ro l l Bancorp . , Nor fo lk , Nebraska, f o r approval t o a c q u i r e a t l e a s t 9 6 . ? pe rcen t of t h e vot ing sha res of Farmers S t a t e Bank, C a r r o l l , Nebraska. 2]
Kansas Bank System, I n c . , Topeka, Kansas, f o r approval t o a c q u i r e 97 percent of t h e vot ing sha re s of Kansas S t a t e Bank of Manhat tan, Manhattan, Kansas. 2/
2] App l i c a t i on s u b j e c t t o Community Reinvestment Act . The Community Affa ir s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be con tac ted as t o the length of the comment period.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.P. 1983 No. 40 - 2 ? -
APPLICATIONS RECEIVED - Continued
Kansas Ci ty
Kansas City
Dal las
San Francisco
Nodaway Valley Bancshares, I n c . , Maryvi11e, Missour i , f o r approval t o acquire a t l e a s t 67 percent of the voting shares of The Nodaway Valley Bank, Maryvi l le , Missouri . ?/
Urban Pancshares, I n c . , Kansas Ci ty , Missouri, for approval to acquire at l e a s t 81 percent of the voting shares of Missouri Bank and Trust Company of Kansas C i t y , Kansas Ci ty , Missouri . ?/
F ir s t Community Financial Corp., Lufkin, Texas, for approval to acquire 100 percent of the voting shares of Community State Bank, Lufkin, l e x a s . _2/
Learner Financial Corporation, Orinda , Ca l i forn ia , for approval to acquire 100 percent of the voting shares of Bank of Contra Costa, Walnut Creek, Cal i fornia and Scott Valley Bank, Yreka, Ca l i forn ia . ?/
To Expand a Bank Holding Company Pursuant to Section 3 (a ) (3 ) of the Bank Holding Company Act of 1956
New York Key Banks Inc . , Albany, New York, for approval to acquire 100 percent of the voting shares of the successor by merger to Depositors Corporation, Augusta, Maine and to acquire i n d i r e c t l y Deposi tors Trust Company, Augusta, Maine, Depositors Trust Company of Eastern Maine, Bangor, Maine; Depositors Trust Company of Aroostock, Fort F a i r f i e l d , Maine; and Canal Bank and Trust Co. , Portland, Maine. 2/
Pic rond Firs t Virginia Banks, I n c . , Fa l l s Church, Virginia , for approval to acquire 100 percent of the voting shares of F irs t Virginia Bank of the Peninsula, Grafton, V irg in ia . 2/
Atlanta Barnett Banks of F lor ida , I n c . , Jacksonv i l l e , Flor ida, for approval t o acquire up to 100 percent of the vot ing shares of Florida Coast Banks, Inc . , Pompano Beach, Florida and i n d i r e c t l y Florida Coast Bank of Palm Beach County, Boynton Beach, Florida and Florida Coast Bank of Broward County, Pompano Beach, Florida.
Application subject t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
h . ? , 19R3 No. 4d - 23 -
APPLICATION RECEIVED - Continued
Atlanta SouthTrust Corporation, Birmingham, Alabama, fo r approval to acquire 75 percent of the voting shares of Citibanc Group, Inc . , Alexander C i ty , Alabama and indirec t ly s ix banks in Alabama. 7J
S t . l o 3% TCBankshares, Inc . , North L i t t l e Rock, Arkansas, for approval to acquire 97.3 percent of the voting shares of CBST Bancshares, Inc . , F l i p p i n , Arkansas and indirect ly C i t i z e n s Rank and Trust Company, Fl ippin , Arkansas. 2J
Minneapolis f»orthstream Investments, Inc . , Geddes, South Dakota, for approval to acquire an add i t iona l 83.4 percent of the voting shares of Fort P i e r r e National Bank, Fort Pierre , South Paktoa. 7]
Mnsas City Central Rencorporation, Inc . , Denver, Colorado; Central Colorado Company, Denver, Colorado and C.C.B., I n c . , Denver, Colorado, for approval to acquire 100 percent of the voting shares of Central Bank a t S t ap l e ton , N.A Denver, Colorado, a proposed new bank. 7J
< < City United Missouri Bancshares, Inc . , Kansas City, Missour i , f o r approval to acquire an additional 40.33 percent of the voting shares of Nodaway Valley Bank, Maryvil le Missouri. 71
To Expand a Bank Holding Company Pursuant to Section ? (a ) fM of the Bank Holding Company Act of 1956
Atlanta Barnett Banks of Florida, Inc . , Jacksonvi l le , Florida, for approval to merge with Southern Banks of Florida, Inc . , High Springs, Florida , and ind irec t ly acquire High Springs Banks, High Springs, Florida. 2J
Application subject to Community Reinvestment Act . The Community Af f<nrt. (U f i t e r of the applicable Reserve Bank may be contacted as to thf lengtn the comment period.
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H.?, 1983 No. 40 - 24 -
APPLICATIONS RECEIVED - Continued
To Expand a Rank Holding Company Pursuant to Section 4 f c H P ) of the Bank Holding Company Act of 1956
Boston . Fleet Financial Group, Inc . , Providence, Rhode Is land, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( ( i ) or ig inat ion and s a l e of r e s i d e n t i a l and commercial mortgage loans and loans secured by j u n i o r l i e n s on r e s i d e n t i a l real e s t a t e ; ( i i ) s e r v i c i n g of r e s i d e n t i a l and commercial mortgage loans and loans secured by junior l i e n s on res ident ia l real e s t a t e ) at Writers' Five Building, 1873 South Be l la i re S tree t , Denver, Colorado, t h e s e r v i c e area wil l be the Colorado counties of : Adams, Arapahoe, Boulder , Clear Creek, Douglas, Elbert, El Paso, G i lp in , J e f f e r s o n , Larimer, Morgan, Park, T e l l e r , Weld, through i t s subs id iary , Fleet Mortgage Corp. (10/6/83)
New York The Chase Manhattan Corporation, New York, New York, requests permission to e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring f o r i t s own account and f o r the account of o thers , loans and other ex tens ions of c r e d i t , both secured and unsecured i n c lud ing , but not 1imited t o , consumer and business l ines of c r e d i t , instalIment 1oans for personal, household and business purposes and mortgage loans secured by real property; s e r v i c i n g loans and o ther ex tens ions of c r e d i t ; and acting as insurance agent for c r e d i t l i r e insurance and credi t accident and hea l th insurance d i r e c l t y related to such lending and s e r v i c i n g a c t i v i t i e s ) at Pickwick Plaza , Building 3A, Greenwich, Connecticut, through i t s subsidiary, Chase Manhattan F inancia l S e r v i c e s , Inc . (10 /3 /83)
New York Ci t icorp , New York, New York, requests permission to expand the serv ice area of an e x i s t i n g o f f i c e s engaging in the fol lowing a c t i v i t i e s (the making or acquiring of 1oans and other extensions of c r e d i t , secured or unsecured, for consumer and other purposes; the purchasing and servicing for i t s own account of sa les f inance contracts ; the extension of loans to dealers for the financing of inventory [ f l o o r planning] and working capital purposes; and the s erv i c ing , for any person, of loans and other extensions nf cred i t ) at Braintree Hi 11 Of f i ce Park, ?5 Braintree Hill Park, Braintree, Massachusetts, through i t s subsidiary, Citicorp Acceptance Company, I nc . (Delaware) (10/4/83)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
APPLICATIONS RECEIVED - Continued
C i t i c o r p , New York, New York, r eques t s permiss ion t o expand t h e s e r v i c e area of an e x i s t i n g o f f i c e t o i nc lude t h e fo l lowing a c t i v i t i e s ( the making or a c q u i r i n g of loans and o t h e r ex tens ions of c r e d i t , secured or unsecured , f o r consumer and o t h e r pu rposes ; t h e ex tens ion of loans t o d e a l e r s f o r t he f i n a n c i n g of inventory [ f l o o r p l ann ing ] and working c a p i t a l pu rposes ; the purchasing and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h insu rance by l i c e n s e d agents or b r o k e r s , as r e q u i r e d ; t h e making of loans t o i n d i v i d u a l s and bus ines se s secured by a l i e n on mobile homes, modular u n i t s or r e l a t e d manufactured hous ing , t o g e t h e r with t h e real p roper ty t o which such housing i s or wi l l be permanently a f f i x e d , such p rope r ty being used as s e c u r i t y f o r l oans ; and t h e s e r v i c i n g , f o r any pe r son , of loans and o t h e r e x t e n s i o n s of c r e d i t ) a t 800 Dutch Square B l v d . , Dutch P laza , Su i t e 100, Columbia, South C a r o l i n a , through i t s s u b s i d i a r y , C i t i c o r p Acceptance Company, Inc . (10 /4 /83)
C i t i c o r p , New York, New York, r eques t s permission t o r e l o c a t e an e x i s t i n g o f f i c e engaging in t he fo l lowing a c t i v i t i e s ( t h e making or acqu i r ing of loans and o t h e r ex t ens ions of c r e d i t , secured or unsecured , f o r consumer and o the r purposes ; t h e purchas ing and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and acc iden t and h e a l t h insurance by l i c e n s e d agents or b r o k e r s , as r e q u i r e d ; the i s su ing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; t h e ex tens ion of loans t o d e a l e r s f o r t h e f i n a n c i n g of inven to ry [ f l o o r p l ann ing ] and working c a p i t a l pu rposes ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; t h e s e r v i c i n g , f o r any pe r son , of loans and o t h e r e x t e n s i o n s of c r e d i t ; t h e making, acqu i r ing and s e r v i c i n g f o r i t s own account and f o r the account of o t h e r s , of ex tens ions of c r e d i t to i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l r ea l e s t a t e ; and t h e s a l e of mortgage l i f e and mortgage d i s a b i l i t y insu rance d i r e c t l y r e l a t e d to e x t e n s i o n s of mortgage loans) from Cinde re l l a City Shopping Cen te r , 701 W. Hampden Avenue, Englewood, Colorado t o 7562 South Un ive r s i ty Boulevard, L i t t l e t o n , Colorado, through i t s s u b s i d i a r y , C i t i c o r p Pe r son - to -Person Englewood I n d u s t r i a l Bank (10 /4 /83)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1983 No. 40
New York
New York
Ph i l ade lph i a
Cleveland
At l an t a
Chicago
- 2 6 -
APPLICATIONS RECEIVED - Continued
Key Ranks I n c . , Albany, New York, f o r approval to a c q u i r e a t l e a s t 50 percent of t h e vot ing shares of Homeowners Mortgage Company, Nashua, New Hampshire and 100 percen t of t h e vot ing shares of F i r e s t o n e F inanc ia l Corpora t ion , Newton Cen t re , Massachuse t t s .
RAMAPO Financ ia l Corpora t ion , Wayne, New J e r s e y , r e q u e s t s permission t o e s t a b l i s h a de novo o f f i c e engaging in t he fo l lowing a c t i v i t i e s (p rov id ing s e c u r i t y brokerage s e r v i c e s and r e l a t e d s e c u r i t i e s c r e d i t a c t i v i t i e s ; t h e s e a c t i v i t i e s would inc lude t h e o f f e r i n g of cus tod i a l s e r v i c e s , i nd iv idua l r e t i r e m e n t a c c o u n t s , and cash management s e r v i c e s ; t h e s e c u r i t y brokerage s e r v i c e s would be l i m i t e d to buying and s e l l i n g s e c u r i t i e s , s o l e l y f o r t h e account of customers and would not inc lude dea l i ng in underwr i t ing or providing investment advice or r e s e a r c h ) a t 64 Boonton Road, Wayne, New J e r s e y , through i t s s u b s i d i a r y , RFC Brokerage Corpora t ion (10 /4 /83)
CoreSta tes F inanc ia l Corp . , P h i l a d e l p h i a , Pennsylvania , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( t h e o r i g i n a t i o n of FHA, VA and convent ional r e s i d e n t i a l mortgage and second mortgage loans ) a t 3600 Lime S t r e e t , R i v e r s i d e , C a l i f o r n i a , through i t s s u b s i d i a r y , Colonial Mortgage Serv ice Company, I n c . (10 /5 /83)
Mellon National Corpora t ion , P i t t s b u r g h , Pennsylvania , f o r approval to a cqu i r e 100 pe rcen t of Northglenn I n d u s t r i a l Bank, I n c . , Northglenn, Colorado.
Ba rne t t Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a , f o r approval to a c q u i r e K0H Management Corpora t ion , Pompano Beach, F l o r i d a ; F lo r ida Coast Co l l ec t i on S e r v i c e s , I n c . , Margate, F l o r i d a ; and Mid lan t i c / F l o r i d a Coast Holdings , I n c . , Edison, F l o r i d a .
Dunn Sha re s , I n c . , Eagle Grove, Iowa, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( in making l e a s e s of personal p rope r ty ) t he geographic scope i s Greene, Boone, S to ry , Marsha l l , Calhoun, Webster , Hamilton, Hardin , Grundy, Pocahontas , Humboldt, Wright , F r a n k l i n , B u t l e r , Palo Al to , Emmet, Kossuth, Hancock, Cerro Cordo, Floyd, Winnebago, Worth and Mitchel l Counties in Iowa (9 /79 /83)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.7. WK3No. 40 - 2 7 -
APPLICATIONS RECEIVED - Continued
S t . Louis Bradley Bancshares I n c . , Warren, Arkansas, n o t i -f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in data processing s e r v i c e s ) t h i s a c t i v i t y would he performed in Bradley, Drew and Lincoln Counties in the State of Arkansas, through i t s subs id iary , Data Processing Service Corporation (10 /6 /83)
St . i f s Lakeside Rancshares Incorporated, Hughes, Arkansas, for approval to engage d i r e c t l y in real e s t a t e apprais ing .
Norwest Corporation, Minneapolis, Minnesota, n o t i f i -ca t ion of intent t o re loca te de novo a c t i v i t i e s ( in the a c t i v i t i e s of consumer f inance , s a l e s f inance and commercial f inance , the s a l e of cred i t l i f e , c red i t accident and health and property and c r e d i t -re la ted casual ty insurance re lated to extensions of c r e d i t hy that company [such sa le of c r e d i t -re la ted insurance being a permiss ible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982] and the o f f e r i n g for s a l e and s e l l i n g of t rave l ers checks) from 1941 South Eleventh East, Salt Lake Ci ty , Utah, to 1140 Brickyard Road, Salt Lake Ci ty , Utah, serving Salt Lake Ci ty , Utah, and other nearby communities through i t s subs idiary , Norwest Financial Utah, Inc. ( 10 /3 /83 )
Tity Tne Carroll Bancorp., Norfolk, Nebraska, for approval to acquire Farmers State Insurance Agency, Carrol l , Nebraska.
Ha:las Jacinto City Bancshares, I n c . , Houston, Texas, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in making or acquiring loans and other extens ions of credi t such as would be made by a consumer f inance company in accordance with the Board's Regulation Y and appl icable provis ions of the Texas Credit Code) at 10501 Market, Houston, Texas, the s e r v i c e area wi l l be Har r i s County, Texas, through i t s subs id iary , Mercury Acceptance Corporation (10 /4 /83 )
San RankAmerica Corporation, San Francisco, Ca l i forn ia , Francisco n o t i f i c a t i o n of in tent t o engage in de novo
a c t i v i t i e s ( in the a c t i v i t i e s of s e c u r i t i e s brokerage, c o n s i s t i n g pr inc ipa l ly of buying and s e l l i n g s e c u r i t i e s s o l e l y upon the order and for the account of customers, and of extending margin c r e o i t in conformity with Regulation T) a t 26619
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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APPLKATinNS PFCF1VFD - Continued
Carmel Center Place , Suite 101, Carmel and 24012 Calle De la Plata , Laguna H i l l s , both in Cal i fornia; One Corporate Center, Hartford and One Landmark Square, 113 Broad S tree t , Stamford, both in Connecticut and 18? Nassau S tree t , Suite 200, Princeton, New Jersey , each serving al l f i f t y States and the D i s t r i c t of Columbia, through i t s subs id iary , Charles Schwab & Co., Inc. (10/7/83)
I'ankAmenca Corporation, San Francisco, Cal i fornia , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in the a c t i v i t i e s of making loans an" other extensions of c r e d i t , servic ing loans and other extensions of credit for i t s e l f and o thers , and providing serv ices incidental to such loans and extensions of credi t such as are made or provided by a finance company; such a c t i v i t i e s wil l inc lude , hut not he l imited t o , providing funds and/ or c r e d i t s e r v i c e s in connect ion with the f inancing of stock and f l o o r plan inventory of d i s tr ibutors and dealers of consumer products; no cred i t - re la ted insurance of any type wi l l be of fered by MerCredit Corporation in connection with i t s lending a c t i v i t i e s ) at 1304 Walnut Hil l Lane, Suite 300, Irving, Texas, serving a l l f i f t y States and the D i s t r i c t of Columbia, through i t s subs id iary , MerCredit Corporation (a Pennsylvania Corporation) (10/6/83)
Frontier Pancorp, Vista , Ca l i forn ia , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in servic ing and s e l l i n g loans in the secondary market permitted by the Cal i fornia Personal Property Brokers' Law) these a c t i v i t i e s would be conducted in the State of C a l i f o r n i a , through i t s subs idiary , Vista Frontier Financial Serv ices , Inc. (9 /30 /83)
Security P a c i f i c Corporation, Los Angeles, Cal i fornia , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n mating or acquiring for i t s own account or for the account of o thers , loans and extensions of c r e d i t , includinq making consumer installment personal loans, purchasing consumer instal lment sa l e s finance contracts , #ratiny loans to small businesses and other extensions of credi t such as would be made by a factoring company or a consumer f i nance company, and a c t i ng as broker or agent f o r t he s a l e of c r e d i t - r e l a t e d l i f e , acc ident and health insurance, such insurance a c t i v i t i e s being permitted pursuant to Section 601(A) and (H) of T i t l e VI of the Garn-St Permain Act) at 2627 Hylan Boulevard, Staten Is land, New York, serving the State of New York, through i t s s u b s i d i a r i e s , Security Pac i f i c Finance Cor^. and SrF Credit Serv ices , Inc. (10/5 /83)
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
- ?9 -
IVEP - Continued
Secur i ty P a c i f i c Corpo ra t i on , Los Angeles , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( i n making or acqu i r ing f o r i t s own account or f o r t h e account of o t h e r s , loans and e x t e n s i o n s of c r e d i t , i nc lud ing making consumer sns ta l Iment personal l o a n s , purchas ing consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans to s r a l l b u s i n e s s e s and o t h e r ex t ens ions of c r e d i t s«ir»- as would be made by a f a c t o r i n g company or a consumer f i n a n c e company and a c t i n g as broker o r agent f o r t h e s a l e of c r e d i t l i f e , a cc iden t and h e a l t h i n s u r a n c e , and c r e d i t p roper ty i n s u r a n c e , such i n su rance a c t i v i t i e s being pe rmi t t ed pursuant t o Sec t ion 601(A) and (D) of T i t l e VI of t h e Garn-St Germain Act) a t 7827 Co l ina , City of I n d u s t r y , C a l i f o r n i a , s e rv ing t h e S t a t e of C a l i f o r n i a , through i t s s u b s i d i a r y , Secu r i ty P a c i f i c Finance Corp. MO/S/83)
w * * * *
REPORTS RECEIVED
None.
* * * * *
PETITIONS FOR RULEMAKING
None.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis