ANNOUNCEMENT BY BOARD OF GOVERNORS OF …...Vermont, for approval to acquire 100 percent of the...

ANNOUNCEMENT BY

I i

BOARD OF GOVERNORS OF THE

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

Actions of t h e Board; Appl i ca t ions and Reports

Received During t h e Week Ending January 8 , 1983

APPLICABLE RESERVE BANK

Kansas City

Dal las

Dal las

San Franc isco

New York

At lan ta

P h i l a d e l p h i a

Boston

ACTIONS OF THE BOARD

Commerce Bancshares , I n c . , Kansas C i t y , Missour i , ex t ens ion of t ime t o April 14, 1983, in which t o a c q u i r e Commerce Bank of Lee ' s Summit, N.A., Lee ' s Summit, Missour i . J!_/

ExTraCo Bankshares I n c . , Temple, Texas, ex tens ion of t ime t o February 5 , 1983, wi th in which t o a c q u i r e F i r s t National Bank of Temple-South, Temple, Texas. ]_/

F i r s t Bancshares of Texas, I n c . , Ty le r , Texas, ex tens ion of t ime t o March 31, 1983, wi th in which t o a c q u i r e Tyler National Bank, Ty le r , Texas. J_/

SDNB Financ ia l Corp, San Diego, C a l i f o r n i a , ex tens ion of t ime t o May 1, 1983, wi th in which t o become a bank holding company through t h e a c q u i s i t i o n of San Diego National Bank, San Diego, C a l i f o r n i a . ]_/

Consolidado I n t e r n a t i o n a l Bank, New York, New York, ex tens ion of t ime t o June 30, 1983, wi th in which t o open i t s branch loca t ed a t 9 W. 57th S t r e e t , New York, New York. J_/

Parker Bank and Trus t Company, Cullman, Alabama, ex tens ion of t ime t o Ju ly 29, 1983, wi th in which t o open i t s North o f f i c e . J /

Union Trus t Company of Wildwood, Wildwood, New J e r s e y , an a d d i t i o n a l investment in bank premises . J_/

Termination of r e g i s t r a t i o n under Regulat ion G f o r Family Funding I n c . , Cambridge, Massachuse t t s . 1/

T / App l i ca t i on processed on behal 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 .

I I

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

# H.2, 1983N0. 2 - 2 -

ACTIONS OF THE BOARD - Continued

New York

Chicago

Chicago

S t . Louis

San Francisco

Richmond

Dal l a s

Chicago

BNB, National A s s o c i a t i o n , Bath, New York, pro-posal t o merge with The Bath National Bank, Bath, New York; r e p o r t t o the Comptrol ler of t h e Currency on compet i t ive f a c t o r s . ] /

Farmers National Bank of Shelbyvi H e , Shelbyvi l i e , Ind iana , t o merge with Farmco National Bank, S h e l b y v i l i e , Ind iana , under t he c h a r t e r of Farmco National Bank and t i t l e of The Farmers National Bank in S h e l b y v i l i e ; r epo r t t o t he Comptrol ler of the Currency on compet i t ive f a c t o r s . J /

Frances Slocum Bank and Trust Company, Wabash, Ind iana , proposal t o merge with Wabash Service Bank, North Manchester , Ind iana , under t he c h a r t e r of Wabash Service Bank and t i t l e of Frances Slocum Bank and Trust Company; r e p o r t t o t h e Federal Deposit In-surance Corporat ion on compet i t ive f a c t o r s . J /

Grani te City Trust and Savings Bank, Grani te C i t y , I l l i n o i s , proposal t o merge with GCT Bank, Grani te C i t y , I l l i n o i s ; r epo r t t o t he Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . ]_/

Kitsap County Bank, Port Orchard, Washington, p ro -posal t o acqu i r e c e r t a i n a s s e t s and assume depos i t l i a b i l i t i e s of t h e Poulsbo branch of Prudent ia l Mutual Savings Bank, S e a t t l e , Washington, under t he c h a r t e r and t i t l e of t h e fo rmer ; r epor t t o t he Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . _]_/

Lexington S t a t e Bank, Lexington, North C a r o l i n a , p ro -posed merger with The New Lexington S t a t e Bank, Lexington, North C a r o l i n a ; r epor t t o t h e Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . J /

Merchants S t a t e Bank, D a l l a s , Texas, proposed merger with New Merchants S t a t e Bank, D a l l a s , Texas; r epo r t t o t h e Federal Deposit Insurance Corporat ion on compe t i t i ve f a c t o r s . J_/

Outagamie Bank, Appleton, Wisconsin, proposal t o merge with S t a t e S t r e e t Bank, Appleton, Wisconsin, under t h e c h a r t e r and t i t l e of The Outagamie Bank; r epor t t o t h e Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . 1/

} / Appl ica t ion processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .


H.2, 1983 No. 2 3 -

New York

P h i l a d e l p h i a

Cleveland

San Franci sco


To E s t a b l i s h a Domestic Branch Pursuant t o Section 9 of the Federal Reserve Act

Approved United Je rsey Bank, Hackensack, New J e r s e y . 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 y o f f i c e s a t t h e fo l lowing l o c a t i o n s : 288 North Broad S t r e e t , E l i z a b e t h , New Je r sey and 3140 Pr inceton Pike , Lawrence Township, New J e r s e y . 1J

Union Trust Company of Wildwood, Wildwood, New J e r s e y . To e s t a b l i s h a branch o f f i c e a t 32nd S t r e e t and Dune Drive , Aval on, New J e r s e y . ]_/

The Dol lar Savings and Trust Company, Youngstown, Ohio. To e s t a b l i s h a branch a t 1044 Belmont Avenue, Youngstown, Ohio. J J

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 . To e s t a b l i s h a branch o f f i c e in t he 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 Lake Murray Boulevard and Lake Park Way, City of La Mesa, San Diego County, C a l i f o r n i a . 1/

* * * * *

Issued In ten t Not t o Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978

Not Disapproved Kansas City Burl ington Bancshares , I n c . , Bur l ing ton , Colorado. ]_/

Kansas City Greenhorn Valley Bank, Colorado C i t y , Colorado. ]_/

Kansas City Kansas Bankshares , I n c . , Shawnee Mission, Kansas. 1/

* * * * *

T7 Appl ica t ion processed on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1983 No. 2 - 4 -


App l i ca t ions and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l Investments and Other Actions Pursuant t o Sect ions 25 and 25(a)

of t h e Federal Reserve Act and Sec t ions 4 ( c ) ( 9 ) and 4 ( c ) (13 ) of t h e Bank Holding Company Act of 1 956, as amended

Approved Bangkok Bank Limited, Bangkok, Thai land: en te red

i n t o an agreement t h a t Bangkok Bank would l i m i t t h e d e p o s i t - t a k i n g a c t i v i t i e s of a Federal branch in New York, New York ( o u t s i d e of i t s home s t a t e , Los Angeles , C a l i f o r n i a ) . J_/

Morgan Guaranty I n t e r n a t i o n a l Finance Corpora t ion , New York, New York: g ran t s consent t o acqu i r e d i r e c t l y or i n d i r e c t l y , a 29 percent i n t e r e s t in a de novo l e a s i n g company, Computer Systems Leas ing , L t d . , Tokyo, Japan.

Banco Lat ino I n t e r n a t i o n a l , Miami, F l o r i d a : granted permiss ion t o commence bus iness as a co rpo ra t ion under t he p rov i s ions of Sect ion 25(a) of the Federal Reserve Act. 1/

New York

New York

At lan ta

Sixty-Day N o t i f i c a t i o n Period Waived San Bank of America NT & SA, San F ranc i s co , C a l i f o r n i a : Franc isco no o b j e c t i o n t o a cqu i r e 49.9 percent of t he equ i ty

of Hanmie Bank, Seoul , Korea, a de novo commercial bank.

* * * * •

To Form a Bank Holding Company Pursuant t o Sect ion 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956

Withdrawn At lan ta Grupo F inanc ie ro del Estado, S .A. , Bogota,

Colombia and Banco del Estado Holding Company, I n c . , A t l a n t a , Georgia , f o r approval t o acqu i r e a t l e a s t 82.20 percent of t he vot ing sha res of The F i r s t National Bank of DeKalb County, Decatur , Georgia.

T] App l i ca t ion 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 .


H.2, 1983 No. 2 - 5 -


Approved Boston Maine National Corp . , P o r t l a n d , Maine, f o r approval

t o acqu i r e 100 percen t of t h e vot ing sha res of Maine National Bank, P o r t l a n d , Maine. J /

A t l an t a Union Bancshares , I n c o r p o r a t e d , Marksv iHe , Lou i s iana , f o r approval t o a c q u i r e a t l e a s t 80 percent of t h e vo t ing sha re s of The Union Bank, M a r k s v i l i e , Lou i s i ana . V

Chicago MWA Bancorpora t ion , E s t h e r v i l i e , Iowa, f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of t h e vot ing shares of t h e Emmet County S t a t e Bank, E s t h e r v i l i e , Iowa and F i r s t Bank and T r u s t . S p i r i t Lake, Iowa. ]J

Chicago Valley F inanc ia l S e r v i c e s , I n c . , South E lg in , 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 vot ing s h a r e s of The Valley Bank and Trust Company, South E l g i n , I l l i n o i s . ]_/

S t . Louis Secu r i ty Capi ta l Corpora t ion , B a t e s v i l i e , M i s s i s s i p p i , f o r approval t o a c q u i r e a t l e a s t 80 percent of t h e vo t ing sha re s of t h e successo r by merger t o Bates -vi l i e Secu r i t y Bank, B a t e s v i l l e , M i s s i s s i p p i . J /

S t . Louis WEST FRANKFORT COMMUNITY BANCSHARES, INC., F r a n k f o r t , I l l i n o i s , f o r approval t o acqu i r e a t l e a s t 90.092 pe rcen t of t h e vot ing sha re s of F i r s t Community Bank of West F r a n k f o r t , West F r a n k f o r t , I l l i n o i s . J_/

Minneapolis F i r s t Sharon Holding Company, I n c . , Sharon, North Dakota, f o r approval t o a c q u i r e 94.62 percent of t h e vot ing sha re s of F i r s t S t a t e Bank of Sharon, Sharon, North Dakota. J J

Minneapol is Hutchinson Bancorp, I n c . , Minneapol i s , Minnesota, f o r approval t o acqu i r e 100 percen t of t h e vot ing shares of The F i r s t National Bank of Hutchinson, Hutchinson, Minnesota. J_/

Kansas City Granada Bankshares , I n c . , Granada, Colorado, f o r approval t o a c q u i r e a t l e a s t 88 percent of t h e vot ing sha re s of The American S t a t e Bank, Granada, Colorado. 1/

Ty App l i ca t ion processed on behalf of t h e Board of Governors under ~ de l ega t ed a u t h o r i t y .


H.2, 1983N0. 2 - 6 -


Kansas City

Dal l a s

San Franc i sco

San Franc i sco

San Franc i sco

Northwest Missouri Bancshares , I n c . , Cra ig , Missour i , f o r approval t o acqu i r e 100 percent of t h e vot ing sha res of Bank of Craig Bancshares , I n c . , Cra ig , Missour i , and i n d i r e c t l y acqu i r e 96.75 percen t of Bank of Cra ig , Cra ig , Missour i . ]_/

Sta tewide Bancshares Corpora t ion , Cedar H i l l , Texas, f o r approval t o acqu i r e a t l e a s t 88 percent of t he vot ing sha res of F i r s t Bank & Trust Company, Cedar H i l l , Texas. V

Carmel Bancorpora t ion , Carmel, C a l i f o r n i a , f o r approval t o acqu i r e 100 percen t of t h e vot ing sha res of t h e successor by merger t o National Bank of Carmel, Carmel, C a l i f o r n i a . V

Cont inenta l Bancorp, Fresno, C a l i f o r n i a , f o r approval t o acqu i r e 100 percen t of t h e vot ing sha re s of t h e successo r by merger t o Cont inenta l National Bank, Fresno, C a l i f o r n i a . J /

INB Bancorp, Covina, C a l i f o r n i a , f o r approval t o acqu i r e 100 percen t of t h e vot ing shares of Independence National Bank, Covina, C a l i f o r n i a , a proposed new bank. 1 /

* * * * *

To Expand a Bank Holding Company Pursuant t o Sect ion 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956

Approved Boston F i r s t National Vermont Corpora t ion , S p r i n g f i e l d ,

Vermont, f o r approval t o a cqu i r e 100 pe rcen t of t h e vot ing sha res of The Bradford National Bank, Bradfo rd , Vermont. V

Cleveland F i r s t National Cinc inna t i Corpora t ion , C i n c i n n a t i , Ohio, f o r approval t o a c q u i r e TOO percen t of t h e vot ing sha re s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of Farmers and Traders Bank of H i l I s b o r o , H i l l s -boro , Ohio. 1/

Ty Appl i ca t ion processed on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .


e

H.2, 1983 N0. 2 - 7 -


Richmond

Chicago

Dal l a s

Dal las

San Franc i sco

The Maybaco Company, Ba l t imore , Maryland, f o r approval t o a c q u i r e through i t s s u b s i d i a r y , Equ i t ab le Bancorpora t ion , Ba l t imore , Maryland i n d i r e c t l y a l l of t h e sha res of Equi tab le Bank of Delaware, National A s s o c i a t i o n , Dover, Delaware. J /

Hawkeye Bancorpora t ion , Des Moines, Iowa, f o r approval t o acqu i r e 100 percent of t h e vot ing sha res of Onawa S t a t e Bank, Onawa, Iowa. ]_/

Coastal Bend Bancshares , I n c . , Robstown, Texas, f o r approval t o acqu i r e 53.9 percent of t he vot ing shares of Coastal Bend National Bank, Corpus C h r i s t i , Texas. ] /

National Bancshares Corporat ion of Texas, San Antonio, Texas, f o r approval t o acqu i re 100 percent of t h e vot ing sha res of Southwest S t a t e Bank, Corpus C h r i s t i , Texas. J_/

Washington Community Bancshares , I n c . , Tacoma, Washington, f o r approval t o acqu i re 100 percen t of t he vot ing sha res of Tumwater S t a t e Bank, Tumwater, Washington. 1/

* * * * *

To Expand a Bank Holding Company Pursuant t o Sect ion 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956

Withdrawn New 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 t h e a c t i v i t i e s of 4 e x i s t i n g o f f i c e s ( the s a l e of c r e d i t - r e l a t e d p roper ty and c a s u a l t y insurance p r o t e c t i n g rea l and personal p roper ty s u b j e c t t o a s e c u r i t y agreement with C i t i c o r p Homeowners, Inc. t o t h e e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e insurance laws and regu-l a t i o n s ) a t 12400 1-45 & Greens Rd. , Houston, Texas; 5501 LBJ Freeway, D a l l a s , Texas; 5360 Frede r i cksbe rg Rd. , San Antonio, Texas; 6620 Harwin Dr ive , Houston, Texas, through i t s s u b s i d i a r y , C i t i c o r p Homeowners, Inc. (Delaware) (1 /3 /83) 3/

17 App l i ca t ion processed on behalf of t h e Board of Governors under de l ega t ed a u t h o r i t y .

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, T983 N0. 2 - 8 -

ACTIQNS OF THE BOARD - Continued

Approved San BankAmerica Corpora t ion , San F ranc i sco , C a l i f o r n i a , F ranc i sco f o r approval t o acqu i r e 100 percen t of the vot ing

sha re s of The Charles Schwab Corpora t ion , San F r a n c i s c o , C a l i f o r n i a , a company t h a t engages in r e t a i l d i scoun t s e c u r i t i e s b rokerage , extending margin l o a n s , and o t h e r i n c i d e n t a l a c t i v i t i e s . 1/

Reacti vated New York Deutsche Bank AG, F r a n k f u r t , West Germany, r eques t s

permiss ion t o con t inue t o ope ra t e an o f f i c e en-gaging in t h e fo l lowing a c t i v i t i e s ((A) provide d e a l e r s of a f f i l i a t e s of Daimler-Benz AG in t he United S t a t e s and Canada with wholesale f i n a n c i n g in t he form of loans t o f i n a n c e d e a l e r s i n v e n t o r i e s secured by such i n v e n t o r i e s and (B) provide customers of a f f i l i a t e s of Daimler-Benz AG in t h e United S t a t e s and Canada and t h e i r d e a l e r s with r e t a i l f i n a n c i n g c o n s i s t i n g of purchases by t h e company from such a f f i l i a t e s and t h e i r d e a l e r s of r e t a i l i n s t a l l m e n t o b l i g a t i o n s undertaken by the customer in r e spec t of equipment purchased by the cus tomer , of purchases of l e a s e r e c e i v a b l e s and d e a l e r r e n t a l r e c e i v a b l e s in r e spec t of t he equ ip-ment l eased by the customer and of f u l l payout l e a s i n g of products of such a f f i l i a t e s and such d e a l e r s ; in connect ion t h e r e w i t h , t he company makes a v a i l a b l e , s o l e l y as au tho r i zed a g e n t , c r e d i t l i f e , a cc iden t and phys ica l damage in su rance ) a t 4545 F u l l e r Dr ive , S u i t e 328, P.O. Box 5225, I r v i n g , Texas, through i t s s u b s i d i a r y , F r e i g h t ! i n e r Credi t Corpora t ion (1 /7 /83) 3/

Richmond South Caro l ina National Corpora t ion , Columbia, South C a r o l i n 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 a c q u i r i n g loans or o the r ex-t e n s i o n s of c r e d i t f o r i t s own account such as would be made by a consumer f i n a n c e company; 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 t h e account of o t h e r s ; and o f f e r i n g 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 , and p rope r ty insurance d i r e c t l y r e l a t e d t o i t s ex t ens ions of c r e d i t ) a t 121 Carol ina Avenue, H a r t s v i l l e , South C a r o l i n a , through i t s sub-s i d i a r y , Provident F inanc ia l Corporat ion (1 /4 /83) 3/

T7 App l i ca t ion processed on behalf of t h e Board of Governors under de l ega ted a u t h o r i t y .

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1983 No. 2 - 9 -


Chicago American F l e t c h e r Corpo ra t i on , I n d i a n a p o l i s , Ind iana , 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 cqu i r i ng loans or o the r e x t e n s i o n s of c r e d i t f o r p e r s o n a l , fami ly or house-hold pu rposes , i nc lud ing loans secured by home e q u i t i e 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 and a c t i n g as agent with r e spec t t o c r e d i t l i f e and d i s a b i l i t y insu rance on borrowing customers and insu rance on proper ty taken as c o l l a t e r a l f o r such loans and c o n t r a c t s ) a t 711 South Range Line Road, Carmel, Ind iana , s e r v i n g Hamilton County and Lawrence, Washington and Pike townships of Marion County, Ind iana , through i t s s u b s i d i a r y , American F l e t c h e r F inanc ia l S e r v i c e s , Inc . ( 1 /6 /83 ) 3/

Permit ted New York Chemical New York 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 (gene ra t ing and s e r v i c i n g loans and o t h e r ex tens ions of c r e d i t ; making or a c q u i r i n g consumer l o a n s ; a cqu i r i ng i n s t a l l m e n t c o n t r a c t s from r e t a i l s e l l e r s cover ing t h e t ime s a l e s of goods and r e l a t e d s e r v i c e s ; making or a c q u i r i n g loans and o the r ex t ens ions of c r e d i t t o bus ines se s inc lud ing but not l i m i t e d t o , i nven to ry f i n a n c i n g ; making a v a i l a b l e t o i t s deb to r s 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 i n su rance d i r e c t l y r e l a t e d t o such lending a c t i v i t i e s t o t h e e x t e n t p e r m i s s i b l e under a p p l i -cab l e S t a t e laws and r e g u l a t i o n s , t h e s e r v i c e area of t h i s o f f i c e wi l l be t h e S t a t e of C a l i f o r n i a ) a t 3330 Clayton Road, Concord, C a l i f o r n i a , through i t s s u b s i d i a r y , Sunamerica Corporat ion (1 /7 /83) 3/

New 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 e s t a b l i s h f o u r de novo o f f i c e s of i t s s u b s i d i a r y , C i t i c o r p Homeowners, I n c . , ("CHI"), and t o expand a c t i v i t i e s and s e r v i c e a r e a s of fou r e x i s t i n g o f f i c e s of i t s s u b s i d i a r y , C i t i c o r p Person- to -Person F i n a n c i a l , Cen t e r , I n c . , ("CPFC") a t t h e same l o c a t i o n s ; t h e a c t i v i t i e s in which t h e de novo o f f i c e s of CHI propose t o engage a r e (making or a cqu i r i ng 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 t h e r purposes ; 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 or

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 de l ega t ed a u t h o r i t y .


H.2, 1983 No. 2 - 1 0 -


dec reas ing or leve l [ in t h e case of s i n g l e payment l o a n s ] term l i f e insurance by l i c ensed agents or b r o k e r s , as r e q u i r e d ; 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 the r ex t ens ions of c r e d i t ; t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and f o r t h e account of o t h e r s , of ex t ens ions of c r e d i t t o 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 rea l e s t a t e ; and the s a l e of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y r e l a t e d t o ex t ens ions of mortgage l o a n s ; t h e proposed s e r v i c e area f o r each of t h e de novo o f f i c e s of CHI sha l l be comprised of the e n t i r e S t a t e of Oregon f o r a l l t he aforement ioned proposed a c t i v i t i e s ; t h e new a c t i v i t i e s in which the o f f i c e s of CPFC propose t o engage de novo a r e : t he making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and f o r t he account of o t h e r s , of ex tens ions of c r e d i t t o 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 rea 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 i n su rance d i r e c t l y r e l a t e d t o ex t ens ions of mortgage l oans ; t h e proposed s e r v i c e area f o r each o f f i c e of CPFC s h a l l be comprised of t h e e n t i r e S t a t e of Oregon f o r t h e aforement ioned proposed a c t i v i t i e s and a po r t i on of CPFC's p rev ious ly approved a c t i v i t i e s , s p e c i f i c a l l y , t h e making or a cqu i r i ng of loans and o the r ex t ens ions of c r e d i t , secured or unsecured , f o r consumer and o t h e r purposes ; 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 or dec reas ing or leve l [ in t he case of s i n g l e payment l o a n s ] term l i f e insurance by l i c e n s e d agen ts or b r o k e r s , as r e q u i r e d ; t he 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 ; 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 ex t ens ions of c r e d i t ; c r e d i t - r e l a t e d l i f e , a c c i d e n t , and h e a l t h insu rance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of CPFC and CHI) a t 11521 N.E. 122nd S t r e e t , P o r t l a n d , Oregon; 831 Lancas ter Dr ive , N.E. , Salem, Oregon; Columbia Square O f f i c e Bui ld ing , 111 S.W. Columbia, P o r t l a n d , Oregon; and 11505 S.W. P a c i f i c Highway, P o r t l a n d , Oregon, through i t s sub-s i d i a r i e s , CHI and CPFC (1 /2 /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 l ega ted a u t h o r i t y .


H.2, 1983 No. 2 - I t -


New York C i t i c o r p , New York, New York, r eques t s permission t o e s t a b l i s h two de novo o f f i c e s of i t s sub-s i d i a r i e s , C i t i c o r p Homeowners, Inc . ("CHI"), and C i t i c o r p Person- to -Person Financ ia l Center of Utah ("CPFC") t o engage in 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 e x t e n s i o n s of c r e d i t , secured or unsecured , f o r consumer and o the r purposes; 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 or dec reas ing or l eve l [ in t he case of s i n g l e payment l o a n s ] term l i f e 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 ; 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 ex t ens ions of c r e d i t ; t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account or f o r t he account of o t h e r s , of ex t ens ions of c r e d i t t o 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 insurance d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ; t h e proposed s e r v i c e a rea f o r t he de novo o f f i c e of CHI and CPFC sha l l be comprised of t h e e n t i r e S t a t e of Utah f o r a l l t he aforement ioned proposed a c t i v i t i e s ; c r e d i t -r e l a t e d l i f e , a c c i d e n t , and h e a l t h insurance may be w r i t t e n by Family Guardian L i f e Insurance Com-pany, an a f f i l i a t e of CHI and CPFC) a t 3828 South Main, Sa l t Lake C i t y , Utah, through i t s s u b s i d i a r i e s , CHI and CPFC ( 1 /2 /83 ) 3/

New 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 t h e a c t i v i t i e s of an e x i s t i n g o f f i c e of i t s s u b s i d i a r y , C i t i c o r p Acceptance Company, I n c . , t o inc lude t h e fo l lowing a c t i v i t i e s ( the 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 health or dec reas ing or l eve l [ in t h e case of s i n g l e payment l o a n s ] term l i f e insurance by l i c ensed agen t s 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 inesses t o f i n a n c e t h e purchase of 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 rea l p rope r ty t o which such housing i s or wi l l be permanently a f f i x e d , such p roper ty being used as s e c u r i t y f o r t h e l o a n s ; 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 ; in a d d i t i o n , the o f f i c e proposes t o broaden i t s p rev ious ly approved

37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de l ega t ed a u t h o r i t y .


i

H.2, 1983N0. 2 - 1 2 -


a c t i v i t i e s of t h e ex tens ion of loans t o mobile home d e a l e r s f o r t h e f i n a n c i n g of inventory [ f l o o r p l a n n i n g ] and working c a p i t a l purposes and 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 r e l a t i n g t o mobile homes, t o engage in such a c t i v i t i e s with regard t o a l l types of d e a l e r s and a l l types of consumer i n s t a l l m e n t paper ) t h e proposed s e r v i c e a rea f o r t h e aforement ioned a c t i v i t i e s sha l l be comprised of the e n t i r e S t a t e s of North Carol ina and South C a r o l i n a , a t 2045 Unive r s i ty Parkway, Republic Square, Su i te 101, Winston/Salem, North 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 . (1 /2 /83) 3/

New 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 h e s e r v i c e s of two e x i s t i n g o f f i c e s of i t s s u b s i d i a r i e s , C i t i c o r p Homeowners, Inc. ("CHI") and C i t i c o r p Person- to -Person Financia l Cen te r , Inc . ("CPFC") engaging in t h e fo l lowing a c t i v i t i e s (p rev ious ly approved f o r both o f f i c e s : t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and f o r t h e account of o t h e r s , of ex tens ions of c r e d i t t o 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 rea l e s t a t e ) a t 8133 Leesburg P ike , Vienna, V i r g i n i a , t h e proposed ex-panded s e r v i c e area sha l l be t h e e n t i r e S t a t e of Pennsy lvan ia , through i t s s u b s i d i a r i e s , CHI and CPFC ( 1 / 2 / 8 3 ) 3 /

New York Deutsche Bank, AG, F r a n k f u r t , West Germany, r eques t s permiss ion t o con t inue t o o p e r a t e an o f f i c e en-gaging in t h e fo l lowing a c t i v i t i e s ((A) provide d e a l e r s of a f f i l i a t e s of Daimler-Benz AG in t h e United S t a t e s and Canada with wholesa le f i n a n c i n g in t h e form of loans t o f i n a n c e d e a l e r s i n v e n t o r i e s secured by such i n v e n t o r i e s and (B) provide customers of a f f i l i a t e s of Daimler-Benz AG in t h e United S t a t e s and Canada and t h e i r d e a l e r s with r e t a i l f i n a n c i n g c o n s i s t i n g of purchases by t h e company from such a f f i l i a t e s and t h e i r d e a l e r s of r e t a i l i n s t a l l m e n t o b l i g a t i o n s undertaken by the customer in r e spec t of equipment purchased by t h e cus tomer , of purchases of l e a s e r e c e i v a b l e s and d e a l e r r e n t a l r e c e i v a b l e s in r e spec t of t h e equ ip-ment leased by t h e customer and of f u l l payout l e a s i n g of p roduc ts of such a f f i l i a t e s and such

37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de l ega t ed a u t h o r i t y .


I

H .2, 1983 No. 2 - 13 ~


d e a l e r s ; in connect ion t h e r e w i t h , t h e company makes a v a i l a b l e , s o l e l y as au tho r i zed a g e n t , c r e d i t l i f e , a c c i d e n t and phys ica l damage in su rance ) a t 4545 F u l l e r Dirve , Su i t e 328, P.O. Box 5225, I r v i n g , Texas, through i t s s u b s i d i a r y , F r e i g h t l i n e r Credi t Corporat ion (1 /7 /83) 3/

New York F i r s t National S t a t e Bancorpora t ion , Newark, New J e r s e y , r e q u e s t s permiss ion t o e s t a b l i s h a t r u s t company and t o engage in t h e fo l lowing a c t i v i t i e s (performance and c a r r y i n g on of any one or more of t h e f u n c t i o n s or a c t i v i t i e s t h a t may be p e r -formed or c a r r i e d on by a na t i ona l t r u s t company in a manner au tho r i zed by a p p l i c a b l e f e d e r a l and s t a t e law) a t 150 East Palmetto Park Road, Boca Raton, F l o r i d a , through i t s s u b s i d i a r y , F i r s t National S t a t e Trus t Company (1 /2 /83) 3/

New York Horizon Bancorp, Morristown, New J e r s e y , r eques t s permiss ion t o e s t a b l i s h a de novo o f f i c e t o engage in t h e fo l lowing 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 t h e account of o t h e r s , loans and o t h e r ex t ens ions of c r e d i t i nc lud ing i s s u i n g l e t t e r s of c r e d i t and accep t ing d r a f t s such as would be made, f o r example, by a mortgage, f i n a n c e , c r e d i t card or f a c t o r i n g company; and l e a s i n g personal p rope r ty or a c t i n g as broker or a d v i s o r in l e a s i n g such proper ty provided such l e a s e s meet t h e c r i t e r i a of Sect ion 2 2 5 . 4 ( a ) ( 6 ) of Regulat ion Y) a t Su i te 7613, 76 Per imeter Center E a s t , A t l a n t a , Georgia , through i t s s u b s i d i a r y , Horizon Cred i t co rp (1 /2 /83) 3/

Richmond South Carol ina National Corpo ra t i on , Columbia, South C a r o l i n 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 a c q u i r i n g loans or o t h e r ex-t e n s i o n s of c r e d i t f o r i t s own account such as would be made by a consumer f i n a n c e company, 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 t h e account of o t h e r s ; and o f f e r i n g c r e d i t l i f e and c r e d i t acc iden t and h e a l t h , and p rope r ty insu rance d i r e c t l y r e l a t e d t o i t s e x t e n s i o n s of c r e d i t ) a t 121 Carol ina Avenue, H a r t s v i l l e , South C a r o l i n a , through i t s s u b s i d i a r y , Provident F inanc ia l Corpora t ion (1 /4 /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 t h e Board of Governors under de l ega ted a u t h o r i t y .


H.2, 1983 No. 2 - 1 4 -


Chicago American F l e t c h e r Corpora t ion , I n d i a n a p o l i s , Ind iana , 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 loans or o the r e x t e n s i o n s of c r e d i t f o r p e r s o n a l , fami ly or household purposes , i nc lud ing loans secured by home e q u i t i e 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 and a c t i n g as agent with r e spec t t o c r e d i t l i f e and d i s a b i l i t y i n -surance on borrowing customers and insurance on p rope r ty taken as c o l l a t e r a l f o r such loans and c o n t r a c t s ) a t 711 South Range Line Road, Carmel, Ind iana , s e rv ing Hamilton County and Lawrence, Washington and Pike townships of Marion County, I nd i ana , through i t s s u b s i d i a r y , American F le t che r F inanc ia l S e r v i c e s , Inc. (1 /7 /83) 3/

Minneapolis Northwest Bancorpora t ion , Minneapol is , Minnesota, 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 t h e a c t i v i t i e s of consumer and commercial f i n a n c e , and t h e s a l e of c r e d i t - r e l a t e d i n su rance ) a t Salem P laza , 1111 North Salem Drive, Schaumburg, I l l i n o i s , which o f f i c e wi l l se rve Schaumburg, I l l i n o i s , o the r nearby suburbs of Chicago, I l l i n o i s , through i t s s u b s i d i a r y , Dial Finance Company of I l l i n o i s (1 /4 /83) 3/

Minneapolis Secu r i ty S t a t e Bank Shares , Poison, Montana, 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 o engage in the s a l e of general insurance in a town with a popula t ion not exceeding 5,000) a t 301 Main S t r e e t , Poison, Montana, se rv ing the Ci ty of Poison, Montana and t h e sur rounding ru ra l a r e a , through a s u b s i d i a r y , Poison Insurance Agency, Inc. (1 /4 /83 ) V

BankAmerica Corpora t ion , 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 acqu i r i ng f o r i t s own account loans and o the r ex t ens ions of c r e d i t such as would be made or acqui red by a f i n a n c e company; s e r v i c i n g loans and o t h e r ex t ens ions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e in su rance and c r e d i t - r e l a t e d acc iden t and h e a l t h i n s u r a n c e ; c r e d i t - r e l a t e d p rope r ty insurance wi l l not be o f f e r e d by e i t h e r co rpo ra t i on in t he S ta t e of Michigan; such a c t i v i t i e s wi l l i n c l u d e , but not be l i m i t e d t o , making consumer i n s t a l l m e n t

San Franc isco

37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1983 N0. 2 - 1 5 -


San Franci sco

San Franc i sco

l o a n s , purchas ing 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 and o the r ex t ens ions of c r e d i t t o small b u s i n e s s e s , making loans secured by rea l and personal p r o p e r t y , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d acc iden t and h e a l t h insurance d i r e c t l y r e l a t e d t o ex t ens ions of c r e d i t made or acqui red by both FinanceAmerica Cred i t Corporat ion and FinanceAmerica Corpora t ion , t o t h e ex t en t pe rmi t t ed by Michigan law; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d acc iden t and h e a l t h insurance may be r e in su red by BA Insurance Company, I n c . , an a f f i l i a t e of both FinanceAmerica Credi t Corporat ion and FinanceAmerica Corpora t ion) in B a t t l e Creek, Grand Rapids , F lush ing , Jackson, Kalamazoo, Lansing, Livonia and Troy, Michigan, se rv ing t h e e n t i r e S t a t e of Michigan, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Credi t Corporat ion (a Delaware c o r p o r a t i o n ) and Finance-America Corporat ion (a Michigan c o r p o r a t i o n ) (1 /8 /83) 3/

Secur i ty P a c i f i c Corpora t ion , 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 (making or acqu i r i ng f o r i t s own account or f o r the account of o t h e r s , loans and ex t ens ions of c r e d i t , i nc lud ing making consumer i n s t a l l m e n t 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 con-t r a c t s , making loans t o small bus ines ses and o the r e x t e n s i o n s of c r e d i t such 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 or 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 acc iden t and hea l t h i n -surance) in Birmingham, Alabama, se rv ing t h e S t a t e of Alabama; C h a r l o t t e and Ra le igh , North C a r o l i n a , se rv ing t h e S ta t e of North Carol ina and Char les ton and Columbia, South C a r o l i n a , se rv ing t h e S t a t e of South C a r o l i n a , through i t s s u b s i d i a r y , Secur i ty P a c i f i c Finance Corp. (1 /7 /83) 3/

U. S. Bancorp, P o r t l a n d , Oregon, 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, a cqu i r i ng and s e r v i c i n g of loans and o the r ex t ens ions of c r e d i t , e i t h e r secured or unsecured , f o r i t s own account or f o r t he account of o t h e r s , i nc lud ing but not l im i t ed t o , commercial , consumer l o a n s ; i n s t a l l m e n t s a l e s c o n t r a c t s and o the r forms of

2 ? 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 unde r de lega ted a u t h o r i t y .


H.2, 1983 No. 2 - 1 6 -


r e c e i v a b l e s ; i s s u i n g passbook and investment c e r t i f i c a t e s ; making inves tments as permi t ted by Colorado Revised S t a t u t e s 11-22-101 t o 11-22-517; and a c t i n g as insurance agent with regard t o c r e d i t l i f e and d i s a b i l i t y insurance s o l e l y in connect ion with ex t ens ions of c r e d i t by F t . Co l l ins I n d u s t r i a l ) a t Fort C o l l i n s U. S. I n d u s t r i a l Bank, 760 Whalers Way, Fort C o l l i n s , Colorado, through Fort Co l l i n s U. S. I n d u s t r i a l Bank, a wholly-owned s u b s i d i a r y of U. S. Bancorp F i n a n c i a l , Inc . (1 /8 /83)

~Zj 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 de lega ted a u t h o r i t y .


H.2, 1983 No. 2 17 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant t o Sec t ion 9 of t h e Federal Reserve Act

New York United J e r s e y Bank, Hackensack, New J e r s e y . To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y a t t h e fo l l owing l o c a t i o n s : Commerce Center O f f i c e of United J e r s e y Bank/Southwest , Haddonfield Road & Chapel Avenue, Cherry H i l l , New J e r s e y ; P la insboro O f f i c e of F i r s t National Bank of P r i n c e t o n , 656 P la insboro Road, P l a i n s b o r o , New J e r s e y . 2/

Richmond F i r s 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 b l i s h a branch a t South Lakes /Vi l l age Cen te r , 11100 South Lakes Dr ive , Reston, F a i r f a x County, V i r g i n i a . 2/

A t l a n t a Bank Independent , S h e f f i e l d , Alabama. To e s t a b l i s h a branch o f f i c e loca t ed a t 300 Cox Creek Parkway, F lo rence , Alabama. 2/

Atlan ta F lagsh ip Bank of Tampa, Tampa, F l o r i d a . To e s t a b l i s h a branch o f f i c e l oca t ed northwest of t h e i n t e r -s e c t i o n of Casey Road and Gunn Highway, 4507 Gunn Highway, Tampa, F l o r i d a . 2/

Atlan ta Bank Independent , S h e f f i e l d , Alabama. To e s t a b l i s h a branch loca t ed a t 105 North Main S t r e e t , Cherokee, Alabama. 2]

Chicago Michigan Bank - Port Huron, Port Huron, Michigan. To e s t a b l i s h a branch a t 2314 Pine Grove, Port Huron, Michigan. 2j

Chicago Michigan Bank - Port Huron, Port Huron, Michigan. To e s t a b l i s h a branch a t 6690 S. River Road, Marine C i t y , Michigan. 2/

D a l l a s The F i r s t S t a t e Bank, Abi lene , Texas. To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y a t 2181 Hickory, Ab i l ene , Texas. 2J

Dallas C i t i z e n s Bank and Trust Company of Baytown, Texas, Baytown, Texas. To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y t o Baytown, Texas. 2/

TJ A p p l i c a t i o n 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 a s t o t h e l eng th of t h e comment p e r i o d .


H.2, 1983 N0. 2 - 1 8 -

APPLICATIONS RECEIVED - Continued

App l i ca t ions and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l Investments and Other Actions Pursuant t o Sec t ions

25 and 25(a) of t h e Federal Reserve Act and Sec t ions 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company

Act of 1956, as amended

New York Marine Midland Overseas Corpora t ion , New York, New York: p r i o r n o t i c e t o d i r e c t l y acqu i re a 100 percen t equ i t y i n t e r e s t in a de novo investment advisory company, Marine Midland ( C . I . ) Limi ted , J e r s e y , Channel I s l a n d s , and f o r MMCI t o d i r e c t l y acqu i r e a TOO percent equ i ty i n t e r e s t in a de novo advisory s e r v i c e s company, MMB Advisory~%Jersey) Limited, J e r s e y , Channel I s l a n d s , and a de novo mutual fund , I n t e r cu r r ency Fund Limited, Monaco, Channel I s l a n d s .

Chicago F i r s t Chicago I n t e r n a t i o n a l Finance Corpora t ion , Chicago, I l l i n o i 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 make an a d d i t i o n a l investment in i t s wholly-owned s u b s i d i a r y , The F i r s t National Bank of Chicago ( C . I . ) , L imi ted , S t . Pe te r s P o r t , Guernsey.

* * * * *

To Form a Bank Holding Company Pursuant t o Section 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956

Ph i l ade lph ia Newco, P h i l a d e l p h i a , Pennsylvania , f o r approval t o acqu i r e Ph i l ade lph i a National Corpora t ion , P h i l a d e l p h i a , Pennsylvania and i n d i r e c t l y a c q u i r e Ph i l ade lph i a National Bank, Ardmore, Pennsylvania and The P h i l a d e l p h i a Bank (Delaware) , Wilmington, Delaware. 2/

Cleveland F i r s t F inanc ia l Bancorp, Monroe, Ohio, f o r approval t o a c q u i r e t he vot ing sha res of F i r s t National Bank of Southwestern Ohio, Monroe, Ohio, and The C i t i z e n s Commercial Bank & Trust Company, C e l i n a , Ohio. 2/

2/ App l i ca t ion 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 t ed as t o t h e length of t h e comment p e r i o d .


H.2, 1983 No. 2

At lan t a

A t l an t a

At lan ta

Chicago

Chicago

Chicago

Chicago

S t . Louis

Minneapolis

- 19


Bartow Bancshares , I n c . , C a r t e r s v i 1 l e , Georgia , f o r approval t o a c q u i r e a t l e a s t 80 percent of t h e vo t ing sha re s of Bartow County Bank, C a r t e r s v i l l e , Georgia . 2/

CCB Bancshares , I n c . , Hahi ra , Georgia , f o r approval t o a cqu i r e 100 percen t of t h e vot ing sha res of C i t i z e n s Bank of Hahi ra , Hahi ra , Georgia. 2/

Gueydan Bancshares , I n c . , Gueydan, Lou i s i ana , f o r approval t o a cqu i r e a t l e a s t 80 percent of t h e vot ing sha re s of Bank of Gueydan, Gueydan, Lou i s i ana . 2/

I n t e r c i t y Bancorpora t ion , I n c . , S c h o f i e l d , Wis-cons in , f o r approval t o a cqu i r e a t l e a s t 95.6 percent or more of t h e vot ing shares of I n t e r -c i t y S t a t e Bank, S c h o f i e l d , Wisconsin. 2/

Naperv i l l e F inanc ia l Corpo ra t i on , N a p e r v i l i e , I l l i n o i s , f o r approval t o a cqu i r e a t l e a s t 80 percen t or more of t h e vot ing sha res of The Nape rv i l l e National Bank and Trus t Company, N a p e r v i l i e , I l l i n o i s , N a p e r v i l l e , I l l i n o i s . 2/

SOUTH CENTRAL BANCORP, Edinburg, Ind iana , f o r approval t o a c q u i r e a t l e a s t 80 percent of t h e vo t ing sha res ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of successo r by merger t o The Edinburg S ta t e Bank, Edinburg, Ind iana . 2/

Terre Haute F i r s t Corpora t ion , Terre Haute, Ind iana , f o r approval t o a cqu i r e 100 pe rcen t of t h e vot ing sha res ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of successo r by merger t o Terre Haute F i r s t National Bank, Terre Haute, Ind iana . 2/

F i r s t F inanc ia l S e r v i c e s , I n c . , Brownsv i l l e , Tennessee, f o r approval t o a c q u i r e 100 percent of t h e vot ing sha re s of t h e successor by merger t o The F i r s t S t a t e Bank of Brownsvi l l e , Browns-v i l l e , Tennessee. 2/

Dewco Agency, I n c . , Timber Lake, South Dakota, f o r approval t o a c q u i r e 100 pe rcen t of t h e vo t ing sha re s of Dewey County Bank, Timber Lake, South Dakota. 2/

2/ App l i ca t ion 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 .


i

H.2, T983 No. 2 - 2 0 -


Minneapol is

Minneapolis

Kansas City

Kansas City

Kansas City

Kansas City

Da l l a s

Da l l a s

McCook Bancshares , I n c . , Salem, South Dakota, f o r approval t o a c q u i r e a t l e a s t 80 percent of t h e vot ing s h a r e s of The McCook County National Bank of Salem, Salem, South Dakota. 2j

Stephen Bancshares , I n c . , Stephen, Minnesota, f o r approval t o a c q u i r e a t l e a s t 99 percen t of t he vo t ing sha re s of Farmers S t a t e Bank of Stephen, Stephen, Minnesota. 2/

Derby F inanc ia l Corpo ra t i on , Wich i ta , Kansas, f o r approval t o a c q u i r e a t l e a s t 96.7 percen t of t h e vot ing sha re s of Derby Bancshares , Inc. and i n d i r e c t l y F i r s t National Bank of Derby, both of Derby, Kansas. 2 ]

F i r s t Independent Bancorp, I n c . , Chickasha, Oklahoma, f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of t h e vo t ing sha re s of F i r s t National Bank and Trust Company, Chickasha, Oklahoma. 2/

Garden Banc Shares , I n c . , Hutchinson, Kansas, f o r approval t o a cqu i r e 100 pe rcen t of t h e vot ing sha re s of The Fourth Bank of Garden C i t y , N.A., Garden C i t y , Kansas, a proposed new bank. 2/

L a f a y e t t e County Bancshares , I n c . , Lexington, Missour i , f o r approval t o a c q u i r e a t l e a s t 82.67 pe rcen t of t h e vot ing sha res of L a f a y e t t e County Bank of Lexington/ Wel l ing ton , Wel l ing ton , Missour i . 2/

Amaril lo Western Bancshares , I n c . , Amar i l lo , Texas, f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of t h e vo t ing sha re s of Western National Bank, Amar i l lo , Texas. 2/

F i r s t Commonwealth Bancshares , I n c . , Bell a i r e , Texas, 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 vo t ing sha re s of The Commonwealth Bank, Bell a i r e , Texas. 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 h e l eng th of t h e comment p e r i o d .


H.2, 1983 No. 2 - 21 -


Da l l a s Lincoln Bancshares , I n c . , Ruston, 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 80 percent of t h e vot ing sha re s of Lincoln Bank & Trust Company, Ruston, Lou i s i ana . 2/

Dal las Nichols Bancshares , I n c . , Kenedy, Texas, f o r approval t o a cqu i r e 100 percen t of t h e vot ing s h a r e s of F i r s t Nichols National Bank of Kenedy, Kenedy, Texas. 2j

Dal las Texas F i r s t F inanc ia l Corpora t ion , San August ine , Texas, f o r approval t o a c q u i r e 80 percent of t h e vo t ing sha res of San Augustine Bancshares , I n c . , San August ine , Texas and i n d i r e c t l y Commercial S t a t e Bank, San August ine , Texas. 2J

Dallas Texas Gulf Coast Bancshares , I n c . , Bay C i t y , Texas, f o r approval t o a cqu i r e 100 pe rcen t of t h e vot ing s h a r e s of Bay City Bank 8 Trus t Co. , Bay C i t y , Texas. 2J

San Capi ta l Bancorp, Downey, C a l i f o r n i a , f o r approval t o Franc i sco a c q u i r e 100 percen t of t h e vot ing sha res of Capi ta l

Bank, Downey, C a l i f o r n i a . 2/

* * * * *


P h i l a d e l p h i a National Central F inanc ia l Corpora t ion , Lancas t e r , Pennsy lvan ia , f o r approval t o a c q u i r e Ph i l ade lph ia National Corpora t ion , P h i l a d e l p h i a , Pennsylvania and i n d i r e c t l y a c q u i r e Ph i l ade lph i a National Bank, Ardmore, Pennsylvania and The Ph i l ade lph i a Bank (Delaware) , Wilmington, Delaware. 2 j

Cleveland I n t e r s t a t e F inanc ia l Corpora t ion , Dayton, Ohio, f o r approval t o a c q u i r e 100 percent of t h e vot ing sha res of The Waynesvil ie National Bank, Waynes-v i l l e , Ohio. 2/

27 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 h e l eng th of t h e comment p e r i o d .


H.2, 1983 No. 2

Cleveland

Chicago

Kansas City

Kansas City

Kansas City

Da l l a s

- 2 2 -


Northwest Pennsylvania Corp . , Oil C i t y , Pennsylvania , f o r approval t o acqu i r e 100 percent of the vot ing sha res of Union Bank & Trust Co. , E r i e , E r i e , Pennsylvania . 2/

F i r s t I l l i n o i s Corpora t ion , Evanston, I l l i n o i s , f o r approval t o acqu i r e 100 percen t of the vot ing sha res ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of successor by merger t o Northwest Trust & Savings Bank, Ar l ing ton He igh t s , I l l i n o i s . 2/

Arkansas Valley Banc Shares , I n c . ; Northwest Kansas Banc Shares , I n c . ; Santa Fe Tra i l Banc Shares , Inc. and Southwest Kansas Banc Shares , I n c . , Hutchinson, Kansas, f o r approval t o acqu i r e 16.67 percen t each of Garden Banc Shares , I n c . , Hutchinson, Kansas and i n d i r e c t l y The Fourth Bank of Garden C i t y , N.A., Garden C i t y , Kansas, a proposed new bank. 2j

Chisholm Tra i l F inanc ia l Corpora t ion , Wichi ta , Kansas, f o r approval t o a c q u i r e a t l e a s t 24.9 percent of t h e vot ing sha re s of Derby Financ ia l Corpora t ion , Wichi ta , Kansas. 2/

Republic Bancshares of Missour i , I n c . , Kansas C i t y , Missour i , f o r approval t o a cqu i r e a t l e a s t 90 percen t of t he vot ing sha res of S t . James Bank, S t . James, Missour i . 2/

F i r s t City Bancorporat ion of Texas, I n c . , Houston, Texas, f o r approval t o a cqu i r e 100 percent of t h e vot ing sha re s of F i r s t City Bank-MOPAC, N.A., Aus t in , Texas, a proposed new bank. 2]

* * * * *

2J App l i ca t ion 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 he a p p l i c a b l e Reserve Bank may be con tac ted as t o t he length of t h e comment p e r i o d .


H.?, 1983 No. 2 - 23 -



P h i l a d e l p h i a F i d e l c o r , I n c . , Rosemont, Pennsylvania , f o r approval t o a c q u i r e 100 percen t of the vot ing shares of Southeas t National Bancshares of Pennsy lvan ia , I n c . , Malvern, Pennsy lvan ia , and i n d i r e c t l y Southeast National Bank of Pennsy lvan ia , East Whiteland, Pennsy lvan ia . 2/

* * * * *

To Expand a Bank Holding Company Pursuant t o Sect ion 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956

Boston F l ee t F inanc ia l Group, I n c . , 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 t o engage in de novo a c t i v i t i e s ( ( i ) 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 r e s i d e n -t i a l mortgage l o a n s , 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 and ( i i ) 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 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 ) a t 14 Commerce Dr ive , Cranford , New J e r s e y , s e r v i n g t h e S t a t e of New J e r s e y , through i t s d i r e c t s u b s i d i a r y , F lee t Mortgage Corp. ( former ly Mortgage A s s o c i a t e s , I n c . ) (1 /7 /83)

New York Barclays Bank PLC and Barclays Bank I n t e r n a t i o n a l L imi ted , both of London, England, 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 ( l e a s e f i n a n c i n g of personal p rope r ty by means of l e a s e s t h a t meet t h e s t andards of Sect ion 2 2 5 . 4 ( a ) ( 6 ) of Regulat ion Y) a t 500 F i f t h Avenue, New York, New York, through i t s s u b s i d i a r y , Barc lays-Amer ican/Leas ing , Inc . (1 /5 /83)

New York Barc lays Bank PLC and Barclays Bank I n t e r n a t i o n a l , L t d . , both of London, England, r eques t permiss ion 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 the fo l lowing a c t i v i t i e s ( ( I ) in making d i r e c t consumer l oans , i nc lud ing loans secured by rea l e s t a t e , and pu r -chas ing s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g ex-t e n s i o n s of c r e d i t such as would be made or acqui red by a consumer f i n a n c e company, and wholesale f i n a n c i n g

2 j 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 he a p p l i c a b l e Reserve Bank may be con tac ted as t o t h e l eng th of t h e comment p e r i o d .


H.2, 1983 No. 2 - 2 4 -


[ f l o o r p l a n n i n g ] and ( I I ) a c t i n g as agent f o r the s a l e of r e l a t e d c r e d i t l i f e , c r e d i t acc iden t and hea l t h and c r e d i t p rope r ty i n s u r a n c e ; c r e d i t l i f e and c r e d i t a cc iden t and hea l t h insurance sold as agent may be underwr i t t en or r e insu red by BAC's insurance underwr i t ing s u b s i d i a r i e s ) from 8201 S.W. Barbur Boulevard, P o r t l a n d , Oregon t o 4800 S.W. G r i f f i t h Drive, Beaver ton, Oregon, through i t s s u b s i d i a r y , BareTaysAmerican/Financial , Inc. (1 /4 /83)

New York Chemical New York Corpora t ion , New York, New York, r eques t s permiss ion 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 o cont inue t o engage in the p rev ious ly approved a c t i v i t i e s of making d i r e c t l o a n s , purchasing 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 , and a c t i n g as agent or broker f o r t h e s a l e of l i f e , a c c i d e n t and h e a l t h , and p roper ty 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 such ex t ens ions of c r e d i t ) from 897 Pe te r s Creek Parkway, Winston-Salem, North Carol ina t o 175 Char lo i s Boulevard, Winston-Salem, North C a r o l i n a , through i t s s u b s i d i a r y , Sunamerica F inanc ia l Corporat ion (1 /3 /83)

New York C i t i c o r p , New York, New York, r eques t s permiss ion t o expand the a c t i v i t i e s of an e x i s t i n g o f f i c e t o i n -c lude the fo l lowing a c t i v i t i e s ( the 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 or decreas ing or leve l [ i n t h e case of s i n g l e payment l o a n s ] term l i f e insurance by l i censed agents or b r o k e r s , as r e q u i r e d ; and the s e r v i c i n g , f o r any person , of loans and o the r ex t ens ions of c r e d i t ; in a d d i t i o n , t h e o f f i c e proposes t o broaden i t s p rev ious ly approved a c t i v i t i e s of t h e ex tens ion of loans t o mobile home d e a l e r s f o r t h e f i n a n c i n g of inventory [ f l o o r p l a n n i n g ] and working c a p i t a l purposes and 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 r e l a t i n g t o mobile homes, t o engage in such a c t i v i t i e s with regard t o a l l types of d e a l e r s and a l l types of consumer i n s t a l l -ment pape r ; t h e proposed s e r v i c e area f o r t h e a f o r e -mentioned a c t i v i t i e s sha l l be comprised of t he e n t i r e S t a t e s of Michigan, Indiana and Ohio) a t 17117 West Nine Mile Road, North Park P laza , Su i t e 709, South-f i e l d , Michigan, 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) (1 /4 /83)


H.2, 1983 No. 2 - 25 -


New York C i t i c o r p , New York, New York, r eques t s permiss ion t o e s t a b l i s h two de novo o f f i c e s engaging in t h e fo l l owing a c t i v i t i e s ( t h e making or acqu i r i ng 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 , secured or unsecured f o r consumer and o the r purposes ; 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 or dec reas ing or level [ i n t he case of s i n g l e payment l o a n s ] term l i f e i n su rance by l i c e n s e d agen t s or b r o k e r s , as r e q u i r e d ; 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 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, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and f o r t h e account of o t h e r s , of e x t e n s i o n s of c r e d i t t o 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 rea 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 t o e x t e n s i o n s of mortgage l o a n s ; t h e de novo o f f i c e of C i t i c o r p Pe r son- to -Pe r son F inanc ia l Cen te r , Inc . proposes t o engage in o p e r a t i n g as an o f f i c e of an i n d u s t r i a l loan company in t h e manner au tho r i zed by Minnesota Law, i n c l u d i n g t h e 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 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 t h e r pu rposes ; 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 or dec reas ing or l eve l [ i n t h e case of s i n g l e payment l o a n s ] term l i f e insurance by l i c e n s e d agen ts or b r o k e r s , a s r e q u i r e d ; t he i s s u i n g 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 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, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and f o r t h e account of o t h e r s , of e x t e n s i o n s of c r e d i t t o 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 rea 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 insurance d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ; t he p ro -posed s e r v i c e a rea f o r t h e de novo o f f i c e of C i t i c o r p Pe r son- to -Person F inanc ia l "Center, Inc . and the de novo o f f i c e of C i t i c o r p Homeowners, Inc . sha l l Be comprised of t h e e n t i r e S t a t e of Minnesota f o r a l l a forement ioned proposed a c t i v i t i e s ) a t B u r n s v i l i e D i s t r i c t Cen te r , Aldr ich Avenue and County Road 42, Burnsvi H e , Minnesota , through i t s s u b s i d i a r i e s , C i t i c o r p Homeowners, Inc . and C i t i c o r p Pe r son - to -Person F inanc ia l Cen t e r , Inc. (1 /4 /83)


H.2, 1983 No. 2 - 26 -


New York Ci t icorp , New York, New York, requests permission t o e s t a b l i s h two de novo o f f i c e s engaging in the fo l lowing a c t i v i t i e s (the a c t i v i t i e s in which the de novo o f f i c e of Cit icorp Homeowners, Inc. proposes t o engage are: the making or acquiring of loans and other extens ions of c r e d i t , secured or unsecured, for consumer and other purposes; the s a l e of c r e d i t - r e l a t e d l i f e and accident and health or decreasing or l eve l [ in the case of s i n g l e payment l o a n s ] term l i f e insurance by l i c ensed agents or brokers, as required; the s a l e of consumer oriented f inanc ia l management courses; the s e r v i c i n g , f o r any person, of loans and other extens ions of c r e d i t ; the making, acquir ing, and s e r v i c i n g , for i t s own account and for the account of o thers , of extens ions of cred i t to indiv iduals secured by l i e n s on r e s i -dential or non-res ident ia l real e s t a t e ; and the s a l e of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y re lated t o extens ions of mortgage loans; the de novo o f f i c e of Cit icorp Person-to-Person Financial Center, Inc. proposes t o engage in operating as an o f f i c e of an i n -dustr ia l loan company in the manner authorized by Minnesota law, including the fo l lowing a c t i v i t i e s ; the making or acquiring of loans and other extens ions of c r e d i t , secured or unsecured, f o r consumer and other purposes; the s a l e of c r e d i t - r e l a t e d l i f e and accident and health or decreasing or l eve l [ in the case of s i n g l e payment l o a n s ] term l i f e insurance by l i c ensed agents or brokers, as required; 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 ; the s a l e of consumer or iented f inanc ia l management courses; the s e r v i c i n g , for any person, of loans and other extens ions of c r e d i t ; the making, acquiring and s e r v i c i n g , for i t s own account and for the account of o thers , of extens ions of cred i t to indiv iduals secured by l i e n s on re s ident ia l or non-res ident ia l real e s t a t e ; and the s a l e of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y re lated to extens ions of mortgage loans; the proposed s e r v i c e area f o r the de novo o f f i c e of Cit icorp Person-to-Person FinancTal Center, Inc. and the de novo o f f i c e of Cit icorp Homeowners, Inc. shal l be comprised of the e n t i r e State of Minnesota for a l l aforementioned proposed a c t i v i t i e s ) at Ridge Square North Shopping Center, 12977 Ridge-dale Drive, Minnetonka, Minnesota, through i t s sub-s i d i a r i e s , Cit icorp Homeowners, Inc. and Cit icorp Person-to-Person Financial Center, Inc. (1 /4 /83)


H.2, 1983 No. 2 - 27 -


New York C i t i c o r p , New York, New York, r eques t s permiss ion t o e s t a b l i s h a de novo o f f i c e and t o expand t h e a c t i v i t i e s ancT s e r v i c e a rea of an e x i s t i n g o f f i c e engaging in t h e fo l l owing a c t i v i t i e s ( t o expand t h e a c t i v i t i e s s e r v i c e a rea of an e x i s t i n g sub-s i d i a r y , C i t i c o r p Person- to -Person I n d u s t r i a l Bank, l o c a t e d in For t C o l l i n s , Colorado, and t o e s t a b l i s h a de novo o f f i c e of C i t i c o r p Homeowners, Inc . a t t h e same Fort Col 1 i n s , Colorado l o c a t i o n ; t h e a c t i v i t i e s in which t h e de novo o f f i c e of C i t i c o r p Homeowners, Inc . proposes t o engage a r e : t h e making or a c q u i r i n g of loans and o the r ex-t e n s i o n s 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 h e f i n a n c i n g of inven tory [ f l o o r p l a n n i n g ] and working c a p i t a l pu rposes ; 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 or d e c r e a s i n g or l eve l [ i n t h e case of s i n g l e pay-ment l o a n s ] term l i f e in su rance by l i censed agents or b r o k e r s , as r e q u i r e d ; 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 the r ex t ens ions of c r e d i t ; t h e making, a c q u i r i n g and s e r v i c i n g , f o r . i t s own account and f o r t h e account of o t h e r s , of e x t e n s i o n s of c r e d i t t o 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 rea 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 in su rance d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ; t h e proposed s e r v i c e a rea f o r t h e de novo o f f i c e of C i t i c o r p Homeowners, Inc . s h a l l T e com-p r i s e d of t h e e n t i r e S t a t e of Colorado f o r a l l t h e aforement ioned proposed a c t i v i t i e s ; t h e new a c t i v i t i e s in which C i t i c o r p Person- to -Person I n d u s t r i a l Bank proposes t o engage de novo a r e : t h e making, a c q u i r i n g , and s e r v i c i n g , f o r T t s own account and f o r t h e account of o t h e r s , of e x t e n s i o n s of c r e d i t t o i n d i v i d u a l s secured by l i o 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 rea 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 in su rance d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ; t h e proposed s e r v i c e a rea s h a l l be t h e e n t i r e S t a t e of Colorado f o r t h e aforement ioned proposed a c t i v i t i e s , and f o r t h e fo l lowing a c t i v i t i e s p r e v i o u s l y approved f o r C i t i c o r p Person- to -Person I n d u s t r i a l Bank: t h e o p e r a t i n g as an i n d u s t r i a l loan company in t h e manner au tho r i zed by Colorado law, inc lud ing t h e 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 purposes ; t h e ex t ens 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 i nven to ry [ f l o o r p l a n n i n g ]


H.2, 1983 No. 2 - 2 8 -


New York

Phi ladelphia

Phi ladelphia

Cleveland

and working capi ta l purposes; the purchasing and serv ic ing for i t s own account of s a l e s f inance contrac t s ; the s a l e of c r e d i t - r e l a t e d l i f e and accident and health or decreasing or leve l [ in the case of s i n g l e payment l oans ] term l i f e insurance by l i censed agents or brokers, as required; 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 ; the s a l e of con-sumer oriented f inanc ia l management courses; and the s e r v i c i n g , for any person, of loans and other extens ions of c r e d i t ) at 3050 South College Avenue, Fort C o l l i n s , Colorado, through i t s s u b s i d i a r i e s , Cit icorp Homeowners, Inc. and Cit icorp Person-to-Person Industrial Bank (1 /4 /83)

Manufacturers Hanover Corporation, New York, New York, requests permission t o e s t a b l i s h a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s ( in making or acquir ing, f o r i t s own account or for the account of o thers , loans and other extensions of cred i t such as would be made by a mortgage company, and serv ic ing any such loans and other extensions of cred i t for any person) at 17000 Preston Road, Da l la s , Texas, through i t s subs id iary , Manufacturers Hanover Mortgage Corporation (1 /6 /83 )

National Central Financial Corporation, Lancaster, Pennsylvania, for approval t o acquire i n d i r e c t l y The Colonial Group of Companies, Signal Financial Corporation, Congress Financial Corporation, 20 percent of the voting shares of Charter At lant ic Corporation, and PNB Commercial Finance Corporation.

Newco, Phi lade lphia , Pennsylvania, for approval t o acquire i n d i r e c t l y The Colonial Group of Companies, Signal Financial Corporation, Congress Financial Corporation, 20 percent of the voting shares of Charter At lant i c Corporation, and PNB Commercial Finance Corporation.

Mellon National Corporation, Pittsburgh, Pennsylvania, requests permission to expand the a c t i v i t y l i s t e d below t o include c l i e n t s located throughout the United States and overseas engaging in the fo l lowing a c t i v i t i e s ( to engage in commercial lending including accounts rece ivable and inventory f inanc ing , and permiss ible personal property l e a s i n g , including ac t ing as agent , broker, or adviser in l eas ing such property; Mellon Financial Services Corporation w i l l der ive business from, and s o l i c i t business


H.2, 1983 No. 2 - 29 -


throughout, the United States and from poss ib l e c l i e n t s overseas) at 1415 West 22nd S t r e e t , Oak Brook, I l l i n o i s , through i t s subs id iary , Mellon Financial Services Corporation (12/31/82)

Richmond Equitable Bancorporation, Baltimore, Maryland and The Maybaco Company, Baltimore, Maryland, for approval t o acquire at l e a s t 49 percent of the shares of voting common stock and 65 .3 percent of the shares of non-voting preferred stock of ABG Assoc ia te s , In c . , Baltimore, Maryland.

Atlanta Barnett Banks of Florida, I n c . , Jacksonv i l l e , Florida ( in o f f e r i n g from addit ional o f f i c e s , check v e r i f i c a t i o n s e r v i c e s , including authorizing subscribing merchants to accept cer ta in personal purchase money checks and ob l iga t ing V e r i f i c a t i o n s , Inc. t o purchase properly v e r i f i e d checks which are subsequently dishonored) in Durham, North Carolina; Greensboro, North Carolina; Winston-Sal em, North Carolina; Greensboro, North Carolina; Winston-Salem, North Carolina; Charleston, South Carolina and Greenvi l l e , South Carolina, as wel] as from e x i s t i n g o f f i c e s of V e r i f i c a t i o n s , Inc. in North and South Carolina and would be o f f ered throughout the States of North and South Carolina, through i t s subs id iary , V e r i f i c a t i o n s , Inc. (12 /31/82)

Chicago American Fletcher Corporation, Indianapol is , Indiana, n o t i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s (making or acquiring loans or other extens ions of cred i t for personal family or household purposes; including loans secured by home e q u i t i e s , purchasing consumer insta l lment s a l e s f inance contracts and act ing as agent with respect t o cred i t l i f e and d i s a b i l i t y insurance on borrowing customers and insurance on property taken as c o l l a t e r a l for such loans and contract s ) at 1033 Jackson S t r e e t , Columbus, Indiana, the geographic area to be served wi l l be Bartholomew County, Indiana, through i t s subs id iary , American Fletcher Financial Serv i ce s , Inc. (12 /21/82)

Minneapolis Dewco Agency, I n c . , Timber Lake, South Dakota, for approval t o engage in general insurance a c t i v i t i e s with Dewco Agency, In c . , Timber Lake, South Dakota.


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Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s ( (1) making or acquiring Toans or other extens ions of cred i t such as would be acquired by a commercial f inance company, (2) s erv ic ing loans for o thers , and (3) l eas ing personal and real property) through the acqu i s i t ion of Lease Northwest, In c . , Minneapolis, Minnesota (1 /4 /83)

Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, ( (1 ) making or acquiring loans or other extensions of cred i t such as would be acquired by a commercial f inance company, (2) s erv ic ing loans for others , and (3) l eas ing personal and real property) through the a c q u i s i t i o n of NW Financial Serv ices , Inc . , Minneapolis, Minnesota (1 /4 /83)

San BankAmerica Corporation, San Francisco, Ca l i forn ia , Francisco n o t i f i c a t i o n of intent t o engage in de novo

a c t i v i t i e s (making or acquiring for i t s own account loans and other extens ions of credi t such as would be made or acquired by a f inance company; s er -v ic ing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t -re lated accident and health insurance; c r e d i t -re lated property insurance wi l l not be o f fered by the above-named corporation; such a c t i v i t i e s wi l l inc lude , but not be l imited t o , making loans and other extens ions of cred i t t o bus inesses , pur-chasing instal lment s a l e s f inance contrac t s , making loans secured by real and personal property, and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and health insurance; d i r e c t l y re lated t o extens ions of cred i t made or acquired by FinanceAmerica Mortgage Services Company; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d accident and health insurance may be reinsured by BA Insurance Company, In c . , an a f f i l i a t e of FinanceAmerica Mortgage Services Company) at 7611 L i t t l e River Turnpike, Annandale, Virg inia , serving the e n t i r e s t a t e of Virginia and the D i s t r i c t of Columbia, through i t s sub-s i d i a r y , FinanceAmerica Mortgage Services Company (a Virginia corporation) (1 /6 /83)


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BankAmerica Corpora t ion , 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 ( in t h e a c t i v i t y of s e l l i n g t r a v e l e r s checks ; such a c t i v i t y w i l l i n c l u d e , but not be l i m i t e d t o , p rocess ing customer claims f o r r e funds f o r l o s t or s t o l e n t r a v e l e r s checks) in London, England, having a worldwide geographic s e r v i c e a r e a , through i t s s u b s i d i a r y , BA Cheque Corporat ion (a Delaware c o r p o r a t i o n ) (12/31/82)

* * * * *

REPORTS RECEIVED

Proxy Statement (Special Meeting) F i led Pursuant t o Sec t ion 14(a) of t h e S e c u r i t i e s Exchange Act

United Counties Trust Co. E l i z a b e t h , New Je r sey

* * * * *

PETITIONS FOR RULEMAKING

San Franc i sco

None.


ANNOUNCEMENT BY BOARD OF GOVERNORS OF …...Vermont, for approval to acquire 100 percent of the...

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Transcript of ANNOUNCEMENT BY BOARD OF GOVERNORS OF …...Vermont, for approval to acquire 100 percent of the...