h2_19811226.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2. 1981 No. 52)

Actions of the Board; Applications and Reports

Received During the Week Ending December 26, 1981 APPLICABLE

RESERVE BANK ACTIONS OF THE BOARD

vlCDIN RECORDS SECTION

Cleveland American Bancorporation, Marietta, Ohio, extension of time to December 31, 1982, within which to dispose of property acquired under debts previously contracted. J /

Chicago Bement Bancshares, Inc . , Bement, I l l i n o i s , extension of time to February 28, 1982, within which to become a bank holding company through acquis i t ion of 80 percent of the voting shares of State Bank of Bement, Bement, I l l i n o i s . V

Cleveland Colonial Banc Corp., Eaton, Ohio, extension of time to April 21, 1982, within which to acquire Eaton National Bank and Trust Co., Eaton, Ohio. V

Boston Commonwealth National Corporation, Boston, Massachusetts, ex-tension of time to December 31, 1982, within which to f u l -f i l l i t s commitments for additional c a p i t a l . V

S t . Louis F irs t Granite Bancorporation, Inc . , Granite City, I l l i n o i s , extension of time to March 17, 1982, within which to become a bank holding company through acquis i t ion of the successor by merger to F irs t Granite City National Bank, Granite City, I l l i n o i s . V

Atlanta Merchants Capital Corporation, Vicksburg, Miss i s s ipp i , exten-sion of time to April 24, 1982, within which to become a bank holding company through acquis i t ion of Merchants National Bank, Vicksburg, Miss i s s ipp i . J /

Chicago Seaway Bancshares, Inc . , Chicago, I l l i n o i s , extension of time to February 28, 1982, within which to become a bank holding company through acquis i t ion of 100 percent of Seaway National Bank of Chicago, Chicago, I l l i n o i s . 1/

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

FOR FfLfs a "

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

H./. 52

ACTIONS OF THE BOARD-Continued

Chicago St. Joseph Barcorporat ion, Inc., South Bend, Indiana, exten-sion of time to April 8, 1982, within which to become a

bank holding company through the merger with St. Joseph Agency, Inc., South Bend, and acquisition of successor by merger to St. Joseph Bank and Trust Company, South Bend,

and Central State Bank of Lakevilie, Lakeville, Inc., and voting shares of St. Joseph Mortgage Co., Inc., South Bend and St. Joseph Lease Capital Corporation, Alexandria,

Virginia. 1/

Da 11 as Northshore Bancshares, Inc., Houston, Texas, extension of

time to January 26, 1982, within which to acquire North-

shore Bank, Houston, Texas. 1/

New York Bank of New York International Incorporated, Miami, Florida,

extension of time to January 22, 1983, within which to open

branches in Chicago, Illinois and Houston, Texas. I f

Chicago Capital City State Bank, Des Moines, Iowa, an investment in

bank premises. JL/

Atlanta Parker Bank & Trust Company, Cullman, Alabama, an investment

in bank premises. \J

Boston Connecticut Bank and Trust Company, Hartford, Connecticut, extension of time within which to establish branches: (1)

at 1099 Boston Post Road, Guilford, Connecticut; and (2)

on Interstate 84, Danbury, Connecticut. J ]

Philadelphia American Bank and Trust Co. of Pa., Reading, Pennsylvania, pro-

posed merger with National Bank and Trust Compay of Kennett Square, Kennett Square, Pennsylvania, under the charter and

title of American Bank and Trust Co. of Pa., report to the Federal Deposit Insurance Corporation on competitive factors.

1/

Kansas City

San

Franc i sco

Aurora Mountain Bank, N.A., Aurora, Colorado, proposed merger with Colorado National Bank-Aurora, Aurora, Colorado; report

to the Comptroller of the Currency on competitive factors.

1/

Bank Anacortes, Anacortes, Washington, proposed acquisition of assets and assumption of liabilities by Olympic Bank, Everett, Washington, under the charter and title of the

latter; report to the Federal Deposit Insurance Corporation

on competitive factors. I f

T7 Application processed on behalf of the Board of Governors under delegated

author ity.

i


H.2, 1981 No. 52 - 3 -


Boulder National Bank, Boulder, Colorado, proposed merger

with Boulder Interim National Bank, Boulder, Colorado;

report to the Comptroller of the Currency on competitive

factors. V

First National Bank of Bonham, Bonham, Texas, proposed

merger with New First National Bank of Bonham, Bcnham,

Texas; report to the Federal Deposit Insurance Corpora-

tion on competitive factors. J7

First National Bank in Breckenridge, Breckenridge, Texas,

proposed merger with First Bank in Breckenridge, N.A.,

Breckenridge, Texas; report to the Federal Deposit Insur-

ance Corporation on competitive factors. JJ

First National Bank of Claude, Claude, Texas, proposed

merger with New First National Bank of Claude, Claude,

Texas; report to the Federal Deposit Insurance Corporation

on competitive factors. \J

First National Bank of Columbus, Columbus, Georgia, proposed

merger with Fort Benning National Bank, Fort Benning, Georgia;

report to the Comptroller of the Currency on competitive

factors. \J

First National Bank of Pueblo , Pueblo, Colorado, proposed

merger with First National Interim Bank of Pueblo, Pueblo,

Colorado; report to the Comptroller of the Currency on

competitive factors. \J

Fort Collins National Bank, Fort Collins, Colorado, proposed

merger with Fort Collins Interim National Bank, Fort Collins,


competitive factors. y

Philadelphia C.B. Bank, Norristown, Pennsylvania, proposed merger with

Continental Bank, Norristown, Pennsylvania, under the

charter of C.B. Bank and title of Continental Bank; report

to the Federal Deposit Insurance Corporation on competitive

factors. V

Boston Granite State National Bank, Somersworch, New Hampshire, pro-

posed merger with Granite State Bank, National Association,

Somersworth, New Hampshire; report to the Comptroller of the

Currency on competitive factors. V

y Application processed on behalf of the Board of Governors under delegated

authority.

Kansas City

Dal las

Dallas

Dallas

Atlanta

Kansas City

Kansas City


1 W , M d l X a . 52 - 4 -

ACTIONS or THE BOARD-Cont inued

Heritage Bank-North, Monroe Township, New Jersey, proposed

merger with Heritage Bank, N.A.; report to the Comptroller

of the Currency on competitive factors. V

Park National Bank of Pueblo, Pueblo, Colorado, proposed merger with Park Interim National Bank of Pueblo, Pueblo,


competitive factors. V

Security National Bank of Kansas City, Kansas City, Kansas, proposed merger with Security Bank, N.A., Kansas City,

Kansas; report to the Comptroller of the Currency on

competitive factors. 1/

Syracuse Savings Bank, Syracuse, New York, proposed merger with Dime Federal Savings and Loan Association, Cortland,

New York; report to the Federal Deposit Insurance Corpora-

tion on competitive factors. IJ

1/ Application processed on behalf of the Board of Governors under delegated

authority.

M u lad«»lphia

Kansas City

Kansas City

New York


H.2, 1981 No. 52 - 5 -

ACTIONS OF THE BOARD-Cont inued

To Establish a Domestic Branch Pursuant to Section

9 of the Federal Reserve Act

Approved

Atlanta First State Bank of Pensacola, Pensacola, Florida. To

establish a branch at 4441 Bayou Boulevard, Pensacola,

Florida. J 7

Chicago Milwaukee County Bank, West Allis, Wisconsin. To estab-

lish an offsite electronic facility at 7000 West Green-

field Avenue, West Allis, Wisconsin. \J

Dallas Victoria Bank and Trust Company, Victoria, Texas. To estab-

lish an offsite electronic facility at Crossroads Center,

Victoria, Texas. J_/

Dallas Victoria Bank and Trust Copany, Victoria, Texas. To estab-

lish an offsite electronic facility at Town Plaza Shopping

Mall, Victoria, Texas. JV

* * * * *

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

Deposit Insurance Act

Approved

Cleveland Ohio Citizens Bank, Toledo, Ohio, to merge with The Farmers

and Merchants Deposit Co., Swanton, Ohio. 1/

* * * * *

Applications and Notifications for International Invest-

ments and Other Actions Pursuant to Sections 25 and

25(a) of the Federal Reserve Act and Sections 4(c)(9)

and 4(c)(13) of the Bank Holding Company Act of 1956,

as amended

Approved

New York Marine Midland Banks, N.A., New York, New York: approval

to extend the corporate existence of its Edge Act Corpora-

tion, Marine Midland International Corporation, for a

period of twenty years from June 20, 1983 and to amend

Article Eleventh of MMIC's Articles of Association to

reflect such extension. 1/

JJ Application processed on behalf of the Board of Governors under delegated

authority.


H.2, 1981 No. 52 - 6 -


Cleveland Mellon International Company, Miami, Florida: grants pe r -mission to approve the amendment of Art i c l e F i r s t of t he A r t i c l e s of Associat ion to change i t s name to Mellon Bank International - Miami. J /

S ixty Day N o t i f i c a t i o n Period Allowed to Expire New York Citibank, N.A., New York, New York: no object ion to n o t i f y

the Board of i t s in tent ion to make subordinated loans to Cit icorp International Bank Limited, London, England e i t h e r d i r e c t l y or i n d i r e c t l y through Cit icorp Over-seas Finance Corporation, N.V., Oranjstad, Aruba, Netherlands A n t i l l e s .

* * * * *

To Establ ish an Overseas Branch of a Member Bank Pursuant to Sect ion 25 of the Federal Reserve Act

Approved Boston Bay Bank Boston, N.A., Boston, Massachusetts: grants per-

mission to e s t a b l i s h a branch in Georgetown, Grand Cayman, Cayman Is lands .

* * * * *

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

Approved Atlanta Northwest Georgia Financial Corporation, Dal las , Georgia,

for approval to acquire 100 percent of the voting shares of The Ci t izens Bank, Dal las , Georgia. V

Atlanta State Capital Corporation, Brookhaven, M i s s i s s i p p i , f o r ap-proval to acquire a t l e a s t 80 percent of the voting shares of State Bank and Trust Company, Brookhaven, M i s s i s s i p p i . V

S t . Louis F i r s t American National Banc shares, In c . , North L i t t l e Rock, Arkansas, for approval to acqurie a t l e a s t 86 .54 per-cent of the voting shares of F i r s t American National Bank, North L i t t l e Rock, Arkansas. 1 /

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


H.2, 1981 No. 52 - 7 -


Minneapolis

Minrieapol is

Minneapolis

Minneapolis

Kansas City

Da 1las

Dallas

Dallas

Dal las

San

Francisco

First National of Elbow Lake Bancshares, Inc., Elbow Lake,

Minnesota, for approval to acquire at least 88.4 percent

of the voting shares of The First National Bank of Elbow

Lake, Elbow Lake, Minnesota. 1/

Otisco Bancshares, Inc., Otisco, Minnesota, for approval to

acquire at least 80.28 percent of the voting shares of

Otisco State Bank, Otisco, Minnesota. JJ

Security Financial Services, Inc., Madison, South Dakota,

for approval to acquire 82.82 percent of the voting

shares of Security State Bank, Madison, South Dakota.

1/

St. Charles Bancshares, Inc., St. Charles, Minnesota, for

approval to acquire 100 percent of the voting shares of

Wi1 lard Bancshares, Inc., North St. Paul, Minnesota, and

indirectly 99.76 percent of the voting shares of The

First National Bank in St. Charles, St. Charles,

Minnesota and 85.58 percent of the voting shares of

Heritage State Bank, North St. Paul, North St. Paul,

Minnesota. JL/

Solomon Bancshares, Inc., Solomon, Kansas, for approval to acquire at least 80 percent of the voting shares of The

Solomon State Bank, Solomon, Kansas. \J

American Southwest Bancshares, Inc., El Paso, Texas, for

approval to acquire at least 80 percent of the voting

shares of American Bank of Commerce, El Paso, Texas. JL/

Bastrop Bancshares, Inc., Bastrop, Texas, for approval to

acquire at least 80 percent of the voting shares of

Citizens State Bank of Bastrop, Bastrop, Texas. \J

Central Corporation, Monroe, Louisiana, for approval to

acquire 100 percent of the voting shares of Central

Bank, Monroe, Louisiana. JJ

Rotan Bancshares, Inc., Rotan, Texas, for approval to acquire

100 percent (less directors' qualifying shares) of the

voting shares of The First National Bank of Rotan, Rotan,

Texas. J_/

Charter National Bancorp, Encino, California, for approval

to acquire 100 percent of the voting shares of Charter

National Bank, Encino, California, a proposed new bank. I f

J/ Application processed on behalf of the Board of Governors under delegated

authoritv.


H.2, 1981 N o ® ? - 8 - ®


Denied Chicago CNCC Partners, Chicago, I l l i n o i s , for approval to acquire

63 percent or more of the voting shares of Central National Chicago Corporation, Chicago, I l l i n o i s and i n d i r e c t l y Central National Bank in Chicago, Chicago, I l l i n o i s .

* * * * *

Atl anta

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

Returned Exchange Bancorporation, Inc . , Tampa, Florida, for approval

to acquire at l e a s t 99 percent of the voting shares of Century Bank of Orange County, Apopka, Florida.

New York United Bank Corporation of New York, Albany, New York, for approval to acquire 100 percent of the voting shares of the successor by merger to The Oneida National Bank and Trust Company of Central New York, Utica, New York.

Minneapolis Intermountain Bancorporation, Columbia F a l l s , Montana, for approval to acquire 100 percent of the voting shares of Vi l lage Bank, Great F a l l s , Montana. ]_/

Dallas American Bancorporation, Inc . , Longview, Texas, f o r ap-proval to acquire 100 percent of the voting shares of Town North National Bank, Longview, Texas. V

Dallas Republic of Texas Corporation, Dallas , Texas, f o r approval to acquire 100 percent ( l e s s d irectors ' qual i fy ing shares ) of the voting shares of Cit izens National Bank of Waco, Waco, Texas.

* * * * *

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

Approved Dallas Mercantile Texas Corporation, Dal las , Texas, for approval

to merge with PanNational Group, Inc . , El Paso, Texas, and ind irec t ly acquire The State National Bank of El Paso; Bassett National Bank of El Paso; Franklin National Bank; Vista Hi l l s Bank of El Pa so, El Paso; and The F ir s t National Bank of Waco, Waco, a l l located in Texas.

T7 Application processed on behalf of the Board of Governors under deleq-re authority . Digitized for FRASER

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

H.2, 19#l Xo. ^ - 9 -

ACTIONS OF THE BQARD-Continued

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

Returned s.m Ammex Holding Co., Los Angeles, California, notification H ., s j i of intent to «»ngaj»e in de novo activities (making or

r hie loans and other extensions of credit, primarily mortgage loans secured by real estate) at 615 South Flower

Street, U*s Angeles California, serving the State of

California (12/21/81) ^/

Approved

Roston Old St one Corporation, Providence, Rhode Island, for ap-

proval to acquire the assets and assume the liabilities of Wachovia Realty Investments, Winston-Salem, North Carolina and thereby engage in real estate finance

activities, j/

New York The Hongkong and Shanghai Banking Corporation, Hong Kong,

B.C.C., for approval to acquire the factoring activities of James Talcott Factors, Inc. and to acquire the com-

mercial finance activities of James Talcott Business

Credit, Inc.

New York Manufacturers Hanover Corporation, New York, New York, for

approval to acquire through its subsidiary, Manufacturers Hanover Consumer Services, Inc., 67 consumer finance offices and consumer finance receivables currently held by American investment Company located in California,

Oregon and Washington.

Hi line apo I i s Otisco Banc shares, Inc., Otisco, Minnesota, for approval to engage in general insurance activities in Otisco,

Minnesota. V

Kansas City Solomon Bancshares, Inc., Solomon, Kansas, for approval to

continue to engage in general insurance activities in a community of less than 5,000 population. 1/

Permit ted New York Th«* Bank of New York Company, Inc., New York, New York,

requests permission to establish a jde novo subsidiary,

The Bank of New York Trust Company, to engage in the following activities (providing master trust and inci-dental fiduciary services related thereto; these ser-

jJ Application processed on behalf of the Board of Governors under delegated

aul * t y. 1/ 4(c)(d) notification processed by Reserve Bank on behalf of the Board

of Oovernors under delegated authority.


H.2, Mt l No. 5? - 10 -

ACTIONS CF THE BOARD-Continued

v i c e s would be provided for master trust accounts presently serviced by The Bank of New York, a wholly-owned subsidiary of Applicant, and would include report-ing, including consolidated reporting where required; investment and reconc i l ia t ion of cash balances; uniform accounting and reporting procedures; monitoring investment performance; es tabl i sh ing procedures for processing s e c u r i t i e s loans and option trading; ERISA reporting; holding s e c u r i t i e s ; c o l l e c t i n g income; arranging for execution of trades; and d i s tr ibut ions to i t s customers; the subsidiary also would engage in deposit taking and lending a c t i v i t i e s incidental to i t s trust operations as permitted by Regulation Y) at 123 Main Street , White Plains, New York and 48 Wall Street , New York, New York (12/20/81) 3 /

New York Cit icorp, New York, New York, requests permission to estab-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, for i t s own account or for the ac-count of others , commercial loans and other extensions of credi t ) at 801-B West 8th Stree t , Suite 109, Cincinnati , Ohio, serving the States of Kentucky, Southern Ohio, Western West Virginia and Southern Indiana, through i t s subsidiary, Citicorp Industrial Credit, Inc. (12/19/81) 3/

Richmond Equitable Bancorporation, Baltimore, Maryland, to engage de novo in the issuance of travelers checks for sa le "through agent banks (12/21/81) 3 /

Richmond Maryland National Corporation, Baltimore, Maryland, n o t i f i -cat ion of intent to engage in de novo a c t i v i t i e s (engag-ing in the business of a mortgage banker, mortgage broker and mortgage servicing firm including, but not l imited to , second mortgage f inancing; or ig inat ing , buying, s e l l i n g and otherwise dealing in mortgage loans as principal or agent; servic ing mortgage loans for a f f i l i a t e d or nonaf f i l i a t ed e n t i t i e s ; acting as adviser in mortgage loan and second mortgage loan transactions; making or acquiring, for i t s own account or for the account of others, loans and other extensions of credi t such as would be made by a cred i t card company; engaging generally in the business of leasing personal property including, but not l imited to , the leasing of various types of equipment and data processing equipment; or ig inat ing , buying, s e l l i n g or otherwise dealing in consumer finance paper, sa l e s finance

17 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 authority.


H.2, 1981 No. 52 - 11 -


paper, credit card receivables and personal property leases as principal or agent; servicing consumer finance,

sales finance and credit card receivables and personal property leases for affiliated or nonaffiliated entities;

and engaging in the sales as agent of credit life, credit

disability, credit accident and health, loan redemption

and loan cancellation insurance in connection with extensions of credit by bank and nonbank subsidiaries of the holding company; loan redemption and loan cancellation insurance will be limited to decreasing term policies and will not

include level term policies) at 1469 Beers School Road,

Coraopolis, Pennsylvania, through its subsidiary, Homeowners Loan Corporation (12/24/81) 3/

Richmond Maryland National Corporation, Baltimore, Maryland, notifi-

cation of intent to engage in jde novo activities (under-

writing as reinsurer, credit life and credit accident and

health insurance sold in connection with extensions of credit by its subsidiary, American Industrial Bank, Inc.,

in Colorado Springs, Colorado) through its subsidiary, Mid-Atlantic Life Insurance Company (12/26/81) 3/

Richmond Suburban Bancorporat ion, Hyattsville, Maryland, notifi-

cation of intent to relocate de_ novo activities (en-gaging generally in the business of a commercial fi-

nance company; engaging in the business of making and acquiring loans and other extensions of credit for itself or for others; engaging in the business of leas-

ing real and personal property and acting as agent, broker

and adviser in the leasing of real and personal property; engaging in the business of servicing loans, leases, and other extensions of credit for itself and others; and engaging in the business of arranging financing, financial structuring, and analysis of equipment financing problems)

from 6495 New Hampshire Avenue, Hyattsville, Maryland to

6610 Rockiedge Drive, Bethesda, Maryland, through its subsidiary, Suburban Funding Corporation (12/24/81) 3J

Atlanta First Atlanta Corporation, Atlanta, Georgia, notification of intent to relocate de novo activities (making or acquir-ing for its own account, loans, discounts, acceptances and other extensions of credit and such other business as is customarily engaged in by consumer credit or finance companies; and acting as insurance agent and broker in selling insurance to borrowers from such finance subsid-

3/ 4(c)(8) notification processed by Reserve Bank on behalf of che Board of Governors under delegated authority.


H.2, 1981 No. 52 12


Chicago

Minneapolis

San

Franc isco

San

Francisco

iary to include credit life insurance, credit accident

and health insurance, property damage and liability insur-ance with respect to extensions of credit made by said

finance subsidiary) from 553 Bedell Street, Woodbine, Georgia to 230 South Lee Street, Building A, Kingsland, Georgia, serving the Camden County, Georgia, through its

subsidiary, Gulf Finance Corp. (12/20/81) 3/

Northern Trust Corporation, Chicago, Illinois, notification

of intent to engage in de novo activities (to engage in

general trust business) at 6373 East Tanque Verde Road, Tucson, Arizona, the geographic scope is primarily in the State of Arizona, secondarily in the other 49 states in the United States, through its subsidiary, The Northern Trust Company of Arizona (12/24/81) 3/

Intermountain Bancorporation, Columbia Falls, Montana, notification of intent to engage in de novo activities (making or acquiring loans and other extensions of credit such as would be made by a consumer finance company, including loans secured by household appli-

ances, furniture, automobiles, mobile homes, home

improvements and various types of sporting vehicles and equipment) at 414 First Avenue West, Columbia Falls, Montana, serving the city of Columbia Falls and County of Flathead, Montana (12/20/81) 3_/

Security Pacific Corporation, Los Angeles, California, noti-

fication of intent to engage in de novo activities (acting

as escrow agent for the purchase and sale of real property and the execution of all documents and dispersal of funds relating to loan transactions and all other activities engaged in by an escrow company) at 18552 MacArthur Boulevard, #441,

Irvine, California, through its subsidiary, SP Escrow Ser-

vice, Inc. (12/24/81) 3/

Security Pacific Corporation, Los Angeles, California, no-tification of intent to engage in de novo activities (the underwriting and/or reinsurance of credit life and credit

accident and health insurance in Connecticut, Massachusetts,

Tennessee and Washington, which insurance is to be written in connection with extensions of credit by Applicant and its subsidiaries) at The Traveler's Building, 1108 East Main Street, Richmond, Virginia, the geographic scope will be Connecticut, Massachusetts, Tennessee and

Washington, through a subsidiary, General Fidelity

Life Insurance Company (a Virginia Corporation) (12/22/81) 3/

3/ 4(c)(8) notification processed by Reserve Bank on behalf of the Board

of Governors under delegated authority.


H.2, 1981 No. 52 - 1 3 -

APPLICATIQNS RECEIVED

To Establish a Domestic Branch Pursuant to Section

9 of the Federal Reserve Act

At Lint a United American Bank, Nashville, Tennessee. To estab-

lish a branch at 2105 Abbott Martin Road, Nashville,

Tennessee. 2J

At 1 iut <i Parker Bank and Trust Company, Cullman, Alabama. To establish a branch at 811 2nd Avenue, N.W., Cullman,

Alabama. 2J

Bust on The Connecticut Bank and Trust Company, Hartford, Connect icut. To establish a branch at the eastern corner of Cold Spring Road and Cromwell Avenue, Rocky

Hill, Connecticut. 2/

New York Manufacturers Hanover Trust Company, New York, New York.

To establish a branch at 140 East 45th Street, New York,

New York. 2/

* * * * *

Applications and Notifications for International Invest-

ments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956,

as amended

New York Banca Nazionale Del Lavoro, Rome, Italy: requests agree-ment and consent of the Board to an agreement to limit

the deposit-taking activities of a branch located in Chicago, Illinois outside of its home state of New York.

New York Marine Midland Bank, N.A., New York, New York: requests consent for Marine Midland International Corporation to extend its corporate existence for a period of twenty years from June 20, 1983, the present expiration rate and amend Article Eleventh of its Articles of Association.

NVw York Morgan Guaranty International Finance Corporation, New York, New York: prior notification of its intent to acquire and hold, either directIv or indirectly through its who11y owned subsidiary, J.P. Morgan Overseas Capital Corporation, additional pro rata shares of Banco Morgan

Fi nansa, Santiago, Chile.

2/ Application subject to Community Reinvestment Act. The Community Affair?? Officer of the applicable Reserve Bank may be contacted

as to the 1 li of the comment period.

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

H.2, M81 No. 52 - 14 -

APPLICATIONS PLCEIVED-Continued

Cleveland Mellon International Company, Miami, Florida: requests permission to change i t s name to Mellon Bank Inter-national - Miami.

San BankAmerica International Financial Corporation, San Francisco Francisco, Cal i fornia , a wholly owned Edge Act subsid-

iary of Bank of America NT&SA, San Francisco, California: appl icat ion for approval to amend i t s Art ic les of Associa-tion to de le te the requirement that al l directors of the corporation be United States c i t i z e n s and to amend i t s Art ic les of Association to extend i t s period of corporate ex i s tence for an additional twenty years.

San Wells Fargo & Company, San Francisco, California: prior Francisco n o t i f i c a t i o n of i t s to increase the cap i ta l i za t ion of

Wells Fargo Financing Corporation, a wholly owned sub-s id iary and to have Financing increase the cap i t i l izat ion of i t s wholly-owned subsidiary, Wells Fargo International Financing Corporation N.V., a Netherlands Ant i l l e s Corpora-t ion.

* * * * *

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

Richmond UMB Bancshares, Washington, D.C., for approval to acquire 100 percent of the voting shares of UNB National Bank the successor by merger to United National Bank of Washington, Washington, D.C. 2/

Atlanta F irs t Continental Bancshares, Inc . , Harvey, Louisiana, for approval to acquire 100 percent of the voting shares of F irs t National Bank of Jefferson Parish, Gretna, Louisiana. 2/

Chicago F irs t A!sip Bancorp, Inc . , "sip, I l l i n o i s , for approval to acquire at l e a s t 80 percent of the voting shares of F irs t State Bank of Als ip , A!sip, I l l i n o i s . 2/

Chicago Prairie Bancorp, Inc . , B1oomington, I l l i n o i s , for approval to acquire 100 percent of the voting shares ( l e s s di-rectors ' qual i fy ing shares) of the successor by merger to Prairie State Bank, B1oomington, I l l i n o i s . 2/

St . Louis Keyesport Bancshares, Inc. , Keyesport, I l l i n o i s , for approval to acquire at l e a s t AO percent of the voting shares of State Bank of Keyesport, Keyesport, I l l i n o i s . 2/

77 Application subject to Community Reinvestment Act. The Community Af fa ir s Off icer of the applicable Reserve Bank may be contacted as to thm length of the comment period.

i


H.2, 1981 No. 52 - 1 5 -

APPIICATIONS RECEIVED-Continued

Kansas Ci ty

Kansas City

Kansas City

Kansas City

Dallas

Dallas

San Francisco

Corporate Bankshares, Inc . , Overland Park, Kansas, for approval to acquire 100 percent of the voting shares of Corporate Woods State Bank, Overland Park, Kansas.

Lyon County State Bancshares, Inc . , Emporia, Kansas, for approval to acquire a t l e a s t 87.35 percent of the voting shares of Lyon County State Bank, Emporia, Kansas. 2/

North Plaza Banc shares, Inc . , Topeka, Kansas, for approval to acquire a t l e a s t 80.61 percent of the voting shares of North Plaza State Bank, Topeka, Kansas. 2/

Sheridan Bancorp, Inc. , Lawton, Oklahoma, for approval to acquire 100 percent of the voting shares of The Sheridan Bank and Trust Company, Lawton, Oklahoma. 2]

HNB Corporation, Homer, Louisiana, for approval to acquire a t l e a s t 80 percent of the voting shares of The Homer National Bank, Homer, Louisiana. 2/

Westlake Bancshares, Inc . , Austin, Texas, for approval to acquire a t l e a s t 80 percent of the voting shares of West-lake National Bank, Austin, Texas. 2 /

Washington Independent Bancshares, Inc . , Tacoma, Washington, for approval to acquire 100 percent of the voting shares of Central Valley Bank, National Association, Toppenish, Washington, a proposed new bank, the successor by merger to Central Valley Bank, Toppenish, Washington. 2/

* * * * *

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

Richmond Maryland National Corporation, Baltimore, Maryland, for ap-proval to acquire 100 percent of the voting shares of Central Atlantic Bank, National Association, Newark, Delaware, a proposed new bank. 2 /

77 Application subject to Community Reinvestment Act. The Community Affa irs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1981 No. 52 16 -

APPLICATIONS RECEIVED-Continued

Atlanta GRP, Inc . , Atlanta, Georgia, for approval to acquire 100 percent of the voting shares of The Firs t National Bank of Georgia, Atlanta, Georgia; F ir s t Commercial Bank, Buford, Georgia; and Clayton County Bank, Riverdale, Georgia. 2/

Chicago NBD Bancorp, Inc . , Detroi t , Michigan, for approval to acquire 100 percent of the voting shares ( l e s s d irec tors ' qual i fying shares) of Northland State Bank, Kalkaska, Michigan, a proposed new bank. 2 /

Chicago Northern Trust Corporation, Chicago, I l l i n o i s , for ap-proval to acquire 100 percent of the voting shares ( l e s s d irectors ' qual i fying shares) of Security Trust Company of Sarasota, W.A., Sarasota, Florida. 2 /

Chicago West Michigan Financial Corporation, Cadil lac, Michigan, for approval to acquire 100 percent of the voting shares of Northland State Rank, Kalkaska, Michigan, a proposed new bank. 2 /

Dallas All ied Bancshares, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Lakewood Bank and Trust Company, Dallas , Texas. 2/

* * * * *

Boston

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

The Conifer Group, Inc . , Worcester, Massachusetts, for ap-proval to merge with Commonwealth National Corporation, Boston, Massachusetts. 2/

* * * * *

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

New York The Hongkong and Shanghai Ranking Corporation, Hong Kong, B.C.C.; K e l l e t t , N.V., Curacao, Netherlands A n t i l l e s ; HSBC Holdings, B.V., Amsterdam, The Netherlands; and Marine Midland Banks, Inc . , Buffalo, New York, request permission to e s tab l i sh a de novo o f f i c e engaging in

TJ Application subject to Community Reinvestment Act. The Community Affa irs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1981 No. 52 - 17 -


the fol lowing a c t i v i t i e s ( (1) o r i g i n a t i n g , making, acqu i r -ing, and s e r v i c i n g , fo r i t s own account or f o r the account of o t h e r s , loans and o ther ex tens ions of c r e d i t , e i t h e r un-secured or p r i n c i p a l l y secured by mortgages on r e s i d e n t i a l or commercial p r o p e r t i e s or l ea se -ho ld i n t e r e s t s t h e r e i n ; and (2) ac t ing as investment or f i nanc i a l adv i se r to the e x t e n t of (a) serving as the advisory company f o r a mortgage or real e s t a t e investment t r u s t , (b) f u r n i s h i n g general economic informat ion and advice on real e s t a t e ma t t e r s and (c) providing p o r t f o l i o investment advice on real e s t a t e mat te r s ) a t Wells Fargo Bui ld ing, 444 South Flower S t r e e t , IFth Floor , Los Angeles, C a l i f o r n i a , serving the e n t i r e S ta te of C a l i f o r n i a , through t h e i r s u b s i d i a r y , Marine Midland Realty Credit Corporation (12/23/81)

New York Manufacturers Hanover Corpora t ion , New York, New York, r eques t s permission to e s t a b l i s h a de novo o f f i c e engag-ing in the fol lowing a c t i v i t i e s ( ac t i ng as insurance agent or broker fo r the 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 th insurance r e l a t e d to loans and o ther extens ions of c r e d i t such as would be made by a mortgage company, t h a t a re made, acquired or serviced by Manufacturers Hanover Mortgage Corporat ion, fo r i t s own account or f o r the account of o the r s ) a t 3101 West Peoria Avenue, Phoenix, Arizona, through i t s s u b s i d i a r y , MHMC Insurance Agency, Inc. (12/22/81)

New York Manufacturers Hanover Corporat ion, New York, New York, r eques t s permission to 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 fol lowing a c t i v i t i e s (mortgage loan o r i g i n a t i o n and s e r v i c i n g ; ac t ing as advisor to a mortgage or real e s t a t e investment t r u s t , data processing s e r v i c e s ) from 644 Linn S t r e e t , Holiday Park Tower, C i n c i n n a t i , Ohio to 415 G1cnsprings Drive, Spr ingdale , Ohio, through i t s s u b s i d i a r y , Manufacturers Hanover Mortgage Corporation (12/22/81)

New York Manufacturers Hanover Corporat ion, New York, New York, r eques t s permission to r e l o c a t e an e x i s t i n g o f f i c e and to expand the s e r v i c e a reas of the r e loca ted o f f i c e engaging in the fol 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 nance , home equi ty l end ing , and c r e d i t r e l a t e d insurance) from 281 Meeting S t r e e t , Char les ton , South Carolina to 5060 Dorchester Road, North Char les ton , South Carol ina, through i t s s u b s i d i a r y , Finance One of South Carol ina, Inc . ; t he o f f i c e wil l serve customers in Char les ton , Eastern Co l l e ton , Southern Dorches ter , and Southern Berkeley Count ies , through Fi nance One of South Carolina, Inc. (12/21/81)


H.2, 1981 No. ^2 - 1 3 -

APPLICATIONS RECEIVED-Cont inued

Chicago NBD Bancorp, Inc., Detroit, Michigan, notification of

intent to engage in de novo activities (performing

or carrying on any one or more functions or activities that may be performed or carried on by a trust com-

pany including activities of a fiduciary, agency or custodian nature) at 1920 Palm Beach Lakes Boulevard,

West Palm Beach, Florida, the geographic area to be served is the State of Florida, through a subsidiary,

NBD Trust Company of Florida, N.A. (12/14/81)

Kansas City Bankshares of Nebraska, Inc., Grand Island, Nebraska,

notification of intent to engage "n de novo activities (to engage in leasing of personal property; Applicant

seeks authority to engage in closed end leasing and, to a limited degree, leveraged leasing; agricultural and commercial personal property would be leased to credit customers of Applicant's subsidiary banks as

follows: First National Bank of Grand Island, Grand Island, Nebraska; First Savings Company of Grand

Island, Grand Island, Nebraska; First Savings Company

of Hastings, Hastings, Nebraska; and First Savings Company of Kearney, Kearney, Nebraska) the primary geographic area to be served includes the following counties in Nebraska; Hall, Adams, Howard, Merrick, Hamilton, Clay, Nuckolls, Webster, Franklin, Kearney,

Buffalo and Sherman; the secondary geographic area to be served includes all remaining counties in Nebraska and all contiguous States (12/22/81)

Rainier Bancorporation, Seattle, Washington, notification of intent to engage in de novo activities (making or

acquiring for its own account or for the account of

others, loans or other extensions of credit) in Santa Ana, Orange County, California, serving California, through its subsidiary, Rainier Mortgage Company (12/22/81)

Security Pacific Corporation, Los Angeles, California, no-

tification of intent to relocate de novo activities (making or acquring, for its own account or for the ac-count of others, loans and extensions of credit including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credit

such as would be made by a factoring company of a consumer finance company; and acting as broker or agent for the

San Francisco

San

Francisco


H.2, 1981 No. 52 19


sale of credit life and credit accident and health in-surance) from 1765 Springfield Avenue, Maplewood, New Jersey to 81 NorthfieId Avenue, West Orange, New Jersey, through its subsidiary, Security Pacific Finance Corp. (12/24/81)

Current Report Filed Pursuant to Section 13 of the Securities Exchange Act

U n i t e d Citizens Bank, Winston-Salem, North Carolina. (Exhibit to November 1981 Report)

Ownership filed Pursuant to Section 13(d) of the S e c u r i t i e s Exchange Act

The Independent Bank and Trust Company, West Trenton, New Jersey. ( F i Ied by Sidney W. Bookbinder) (Filed by Robert David Car: ~ Amendment #5)

The Lawrence County Bank, Lawrenceburg, Tennessee. (Filed by Kari C. Gonzalez)

* * * * *

REPORTS RECEIVED

* * * * *

* * * * *

PETITIONS FOR RULEMAKING

None.


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