h2_19820724.pdf

APPLICABLE RESERVE BANK

St. Louis

San Francisco

Cleveland

Dallas

Richmond

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H. 2, 1982 No. 30)

Actions of the Board; Applications and Reports

Received During the Week Ending July 24, 1982

ACTIONS OF THE BOARD

Statement by Chairman Paul A. Volcker before the Senate and House Banking Committees to discuss monetary policy within the context of recent and prospective economic developments.

Reduction in the basic discount rate from 12 percent to 11-1/2 percent, e f fec t ive Tuesday, July 20.

Midyear Monetary Policy Report to the Congress pursuant to Full Employment and Balanced Growth Act of 1978.

Regulation Z, Treatment of Se l le r 's Points, in Truth in Lending disclosures; the Board requested comment by August 27, 1982. (Docket No. R-0413)

Ambanc Corp., Vincennes, Indiana, extension of time to September 30, 1982, wi thin which to become a bank holding company through the acquisi t ion of the successor by merger to the American National Bank of Vincennes, Vincennes, Indiana. J./

Bonneville Bancorp, Provo, Utah, extension of time to November 11, 1982, within which to become a bank holding company through the acquisi t ion of the Bonneville Bank, Provo, Utah, y

Colonial Banc Corp., Eaton, Ohio, extension of time to October 21, 1982, within which to acquire Eaton National Bank and Trust Co., Eaton, Ohio. _1/

Columbia Bancshares, Inc . , West Columbia, Texas, extension of time to August 29, 1982, within which to acquire F i rs t Capitol Bank, West Columbia, Texas. J7

Farmers National Bancorp, Annapolis, Maryland, extension of time to August 21, 1982, within which to become a bank holding company through the acquisit ion of Farmers National Bank of Maryland, Annapolis, and Caroline County Bank, Greensboro, Maryland. 1/

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

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

H.2, 1982 No. 30 - 2 -

ACTIONS OF THE BOARD-Continued

Chicago F i rs t Busey Corporation, Urbana, I l l i n o i s , extension of time to October 20, 1982, within which to acquire 100 percent of the voting shares of National Bank of Urbana, Urbana, I I l i no i s . 1/

Chicago FN Bancorp, Warsaw, Indiana, extension of time to October 26, 1982, within which to become a bank holding company through the acquisi t ion of 100 percent of the voting shares of the successor by merger to F i rs t National Bank of Warsaw, Warsaw, Indiana. J./

Kansas City International Bancorp, Denver, Colorado, extension of time to October 6, 1982, within which to acquire International Bank, Denver, and Community Bank and Trust Company, Englewood, Colorado. \J

New York Letchworth Independent Bancshares Corporation, Cast i le, New York, extension of time to September 14, 1982, within which to become a bank holding company through the acquisit ion of the Bank of Cast i le , Cast i le , New York, and to acquire the shares of Letchworth AG Credit Corporation, Cast i le, New York. 1/

St. Louis Mark Twain Bancshares, Inc . , St. Louis, Missouri, extension of time to September 24, 1982, wi thin which to acquire Mark Twain Stadium Bank, N.A., St. Louis, Missouri, a proposed new bank. 1/

Chicago Merchants Corporation, Chicago, I l l i n o i s , extension of time to September 17, 1982, within which to become a bank holding company through the acquisi t ion of 80 percent or more of the voting shares of Merchants and Manufacturers State Bank, Melrose Park, I l l i n o i s . 1/

Philadelphia National Penn Bancshares, Inc . , Boyertown, Pennsylvania, ex-tension of time to October 26, 1982, within which to become a bank holding company through the acquisi t ion of National Bank of Boyertown, Boyertown, Pennsylvania, y

Richmond Peoples Banking Co. of Cecil Co., Elkton, Maryland, extension of time to August 27, 1982, wi thin which to become a bank holding company through the acquisi t ion of 100 percent of the voting shares of The Peoples Bank of Elkton, Elkton, Maryland. 1/

San RGB Corporation, Sacramento, Ca l i fo rn ia , extension of time Francisco to October 26, 1982, within which to become a bank holding

company through the acquisi t ion of 100 percent of the voting shares of River City Bank, Sacramento, Cal i forn ia . 1/

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

I


H.2. 1982 No. 30 - 3 -


New York Citibank Overseas Investment Corporation, Wilmington, Delaware, extension of time to March 17, 1982, wi th in which to acquire the shares of the American Bank of Trinidad and Tobago, Port of Spain, Tr in idad. 1/

At lanta Commerce Union Bank of Sumner County, Ga l la t i n , Tennessee, an investment in bank premises. \ j

Chicago Continental I l l i n o i s National Bank, Chicago, I l l i n o i s , ex-tension of time to establ ish a branch in Hong Kong. \J

Richmond Piedmont Bank and Trust Company, Davidson, North Carol ina, an investment in bank premises. 1/

Dallas Arl ington State Bank, Ar l ing ton , Texas, proposed merger with New Arl ington State Bank, Ar l ing ton , Texas; report to the Federal Deposit Insurance Corporation on competitive factors . 1/

Atlanta Bank of Inverness, Inverness, F lo r ida , proposed merger with Inter im Bank One of Ci t rus County, Inverness, F lor ida; report to the Federal Deposit Insurance Corporation on competitive fac tors . V

Box Elder County %ank, Brigham C i t y , Utah, proposed merger wi th i iv t . ) f i r s t in ters tate Sank of Utah, Salt Lake C i t y , Utah, under

the charter and t i t l e of the l a t t e r ; report to the Federal Deposit insurance Corporation on competitive fac tors . _!/

* Cit izens Bank of Americus, Americus, Georgia, proposed merger with inter im Cit izens Corporation, Americus, Georgia; report to the Federal Deposit Insurance Corporation on competitive fac tors . 2 /

fnLdgo Cit izens F i rs t Interim Bank National Associat ion, Princeton, I l l i n o i s , proposed merger wi th Cit izens F i rs t National Bank of Princeton, Princeton, I l l i n o i s , under the charter of the former and t i t l e of the l a t t e r ; report to the Comptroller of the Currency on competit ive fac tors . ]J

Atlanta Cit izens and Southern National Bank, Savannah, Georgia, pro-posed merger wi th Cit izens and Southern Bank of Jackson, Jackson, Georgia; report to the Comptroller of the Currency on competit ive factors . 1/

Atlanta Cit izens and Southern National Bank, Savannah, Georgia, pro-posed merger wi th Cit izens and Southern Bank of Thomas County, Thomasville, Georgia; report to the Comptroller of the Currency on competitive fac tors . 1/

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


H.2, 1982 No. 30 - 4 -


Dallas F i rs t National Bank of Palestine, Palestine, Texas, proposed merger with Last State Bank of Palestine, Palestine, Texas; report to the Federal Deposit Insurance corporation on competitive factors. 1/

Philadelphia F i rs t National State Bank of West Jersey, Burl ington, New Jersey, proposal to purchase the Kennedy Plaza and Country Club Plaza branches both located in Wil1ingboro, of F i rs t Peoples Bank of New Jersey; report to the Comptroller of the Currency on competitive factors. J_/

St. Louis Franklin Bank and Trust Company, Frankl in, Kentucky, proposed merger wi th FBTC Bank, Frankl in, Kentucky; report to the Federal Deposit Insurance Corporation on competitive factors. J7

Dallas New Union National Bank, Laredo, Texas, proposed merger with Union National Bank, Laredo, Texas; report to the Comptroller of the Currency on competitive factors, j y

Atlanta Peoples National Bank of Shelbyvi l le, Shelbyvi l le, Tennessee, proposed merger with New Peoples National Bank of Shelbyvi l le, Shelbyvi l le , Tennessee; report to the Comptroller of the Currency on competitive factors. 1/

Kansas City Termination of regis t rat ion under Regulation G for Mountain Plains Production Credit Association, Port Col l ins, Colorado. 1/

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


H.2, 1982 No. 30 - 5 -


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

Approved Philadelphia Girard Bank, Bala Cynwyd, Pennsylvania. To establish an

o f f s i t e electronic f a c i l i t y at 929 Arch Street, Philadelphia, Pennsylvania. 1/

Richmond Piedmont Bank and Trust Company, Davidson, North Carolina. To establ ish a branch at 9 Union Street, Main Street Mal l , Suite 101, Concord, Cabarrus County, North Carolina. \J

San Fi rs t Interstate Bank of Ca l i fo rn ia , Los Angeles, Cal i forn ia. Francisco To establ ish a branch o f f i ce in the v i c i n i t y of the in ter -

section of Kanan Road and Thousand Oaks Boulevard, Unin-corporated Community of Agoura, Los Angeles County, Cal i forn ia . \J

San Valley Bank of Nevada, Las Vegas, Nevada. To establish a Francisco branch o f f i ce to be located in the Community of Grandervi l le,

Douglas County, Nevada. 1/

* * * * *

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

Not Disapproved Dallas Houston American Financial Corporation, Houston, Texas. \J

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


H.2, 1982 No. 30

Cleveland

- 6 -


Applications and Not i f icat ions for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

Approved Pittsburgh International Bank, Pittsburgh, Pennsylvania:

grants permission to amend i t s Ar t ic les of Incorporation to increase i t s capital and surplus. (7/12/82) J /

* * * * *

New York

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

Approved Citibank Internat ional , Miami, h lor ida: grants consent to

establish and operate a branch in Fort Lauderdale, Flor ida.

* * * * *

Boston

Richmond

Atlanta

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

Withdrawn Saver's Bancorp., Inc . , L i t t l e t o n , New Hampshire, for approval

to acquire 100 percent of the voting shares of The Saver's Bank, L i t t l e t o n , New Hampshire, and ind i rec t l y 14 percent of North Country Bank, Ber l in , New Hampshire. V

Approved 0MB Financial , Inc . , Clarksburg, West V i rg in ia , for approval

to acquire at least 80 percent of the voting shares of The Oak Mound Bank, Clarksburg, West V i rg in ia . _1/

F i rs t Farmers and Merchants Corporation, Columbia, Tennessee, for approval to acquire 100 percent of the voting shares of F i rs t Farmers and Merchants National Bank of Columbia, Columbia, Tennessee. 1/


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

H.2, 1982 No. 30 - 7 -


Atlanta

Atlanta

Minneapolis

Kansas City

Dal las

San Francisco

Monroe Bancshares, I nc . , Madisonvil l e , Tennessee, for approval to acquire at least 80 percent of the voting shares of Bank of Madisonvi1le, Madisonvil le, Tennessee. \J

One American Corp., Vacherie, Louisiana, for approval to acquire 100 percent of the voting shares of F i rs t American Bank and Trust, Vacherie, Louisiana. 1/

Oliver Bancorporation, Inc . , Center, North Dakota, for approval to acquire at least 80 percent of the voting shares of State Bank of Oliver County, Center, North Dakota. 1/

SNB Bancshares, Inc . , Eufaula, Oklahoma, for approval to acquire at least 51.60 percent of the voting shares of State National Bank of Eufaula, Eufaula, Oklahoma. 1/

Wilson Bancshares, Inc . , Wilson, Texas, for approval to acquire at least 80 percent of the voting shares of Wilson State Bank, Wilson, Texas. _!/

F i rs t National Corporation, San Diego, Cal i forn ia , for approval to acquire 100 percent of the voting shares of the successor by merger to F i rs t National Bank of San Diego County, San Diego, Cal i forn ia . _1/

* * * * *

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

Approved New York C i t icorp , New York, New York, for approval to acquire 100

percent of the voting shares (less d i rectors ' qual i fy ing shares) of Citibank (Delaware), Wilmington, Delaware, a proposed new bank. JL/

Atlanta AmSouth Bancorporation, Birmingham, Alabama, for approval to acquire 100 percent of the voting shares of National Bank of Birmingham, Birmingham, Alabama, a proposed new bank. \ j

Atlanta Tennessee National Bancshares, I nc . , Maryv i l le , Tennessee, for approval to acquire at least 21 percent of the voting shares of Tennessee State Bank, Gatlinburg, Tennessee. IJ

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

I


H.2, 1982 No. 30 - 8 -


Chicago Northern Trust Corporation, Chicago, I l l i n o i s , for approval to acquire at least 98.3 percent of the voting shares of Northern Trust Bank of Florida N.A., Miami, Flor ida, a proposed new bank. 1/

Kansas City

Kansas City

Oallas

Dallas

Oallas

Dal las

industr ial Bancshares, Inc . , Kansas C i ty , Kansas and Valley View Bancshares, Inc . , Overland Park, Kansas, for approval to acquire at least 7.45 percent of the voting shares of Security Bancshares, Inc . , Kansas C i ty , and ind i rec t ly Security National Bank of Kansas C i ty , Kansas. 1/

Riverton State Bank Holding Company, Riverton, Wyoming, for approval to acquire 100 percent of the voting shares of Dubois National Bank, Dubois, Wyoming. 1/

F i rs t City Bancorporation of Texas, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Cit izens F i rs t National Bank of Tyler , Tyler , Texas. _!/

F i rs t City Bancorporation of Texas, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of F i rs t City Bank-Northchase, N.A., Houston, Texas, a proposed new bank. 1/

Mercantile Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares of Grand Prair ie State Bank, Grand Pra i r ie , Texas. 1/

Victor ia Bankshares, Inc . , V ic tor ia , Texas, for approval to acquire 100 percent of the voting shares of Angleton Bank of Commerce, Angleton, Texas. 1/

* * * * *

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

Delayed Kansas City Bankshares of Nebraska Inc . , Grand Island, Nebraska, no t i f i ca t ion

of intent to engage in de novo a c t i v i t i e s ( in underwriting credi t l i f e insurance ami credi t accident and health in-surance which is d i rec t l y related to extensions of credi t by Applicant 's subsidiaries) th i s insurance would be sold from an o f f i ce located in Grand Island, Kearney and Hastings



H.2, 1982 No. 30 - 9 -


Nebraska; the area to be served by the ac t i v i t i es includes the fol lowing counties; Hal l , Adams, Howard, Merrick, Hamilton, Clay, Nuckolls, Webster, Frank!in, Kearney, Buffalo, and Sherman, through a subsidiary to be known as Bankshares L i fe Insurance Company (7/21/82) 3/

Kansas City Royal Dominion L td . , Denver, Colorado, no t i f i ca t i on of intent to engage in de novo a c t i v i t i e s ( in ac t i v i t i es l imi ted to provision of bookkeeping, accounting and data processing services, business record keeping, storage and re t r ieva l services and related f inancial and administrative services to a f f i l i a t e d banks and bank subsidiaries) at 3251 Syracuse Street, Denver, Colorado, serving subsidiary banks and a f f i l i a t e d banks located within the Denver, Colorado metropolitan area (7/23/82) 3/

Permi t ted New York C i t i corp , New York, New York, requests permission to estab-

l i sh a de novo o f f i ce of i t s subsidiary, Cit icorp Home-owners , Inc. ("CHI") and to expand the ac t i v i t i es of an ex is t ing o f f i ce of i t s subsidiary, Ci t icorp Person-to-Person Financial Center, Inc. ("CPFC") at the same loca-t i o n , the a c t i v i t i e s in which the de novo o f f i ce of CHI w i l l engage are (the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, for consumer and other purposes; the making, acquiring and servicing for i t s own account and for the account of others, of extensions of cred i t to indiv iduals secured by l iens on resident ia l or non-residential real estate; the sale of cred i t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of mortgage l i f e and mortgage dis-a b i l i t y insurance d i rec t l y related t o extensions of mortgage loans; the sale of consumer oriented f inancial management courses; and the servic ing, for any person, of loans and other extensions of c red i t ; the proposed service area of CHI shal l be comprised of the ent i re State of Alabama for a l l the aforementioned a c t i v i t i e s ; the new a c t i v i t i e s in which the ex is t ing o f f i ce of CPFC proposes to engage de novo are: the making, acquiring and serv ic ing, for i t s own account and for the account of others, of extensions of c red i t to individuals secured by l iens on resident ia l or non-residential real estate;

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


H.2, 1982 No. 30 - 10


and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortage loans; the proposed service area for the aforementioned ac t i v i t i e s shall be comprised of the ent i re State of Alabama; credi t related l i f e , accident, and health insurance may be wr i t ten by Family Guardian L i fe Insur-ance Company, an a f f i l i a t e of CHI and CPFC) at 3724 Lorna Road, Birmingham, Alabama, through i t s subsidiar ies, Ci t icorp Homeowners, Inc. and Cit icorp Person-to-Person Financial Center, Inc. (7/23/82) 3/

New York Ci t icorp, New York, New York, requests permission to estab-l i sh a de novo o f f i ce of i t s subsidiary, Ci t icorp Home-owners, Inc. ("CHI"), and to expand the ac t i v i t i es of an exist ing o f f i ce of i t s subsidiary, Ci t icorp Person-to-Person Financial Center, Inc. ("CPFC") at the same locat ion, the proposed ac t i v i t i es in which CPFC w i l l engage in are (the making, acquiring and servic ing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on residential or non-resident ia l real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area fo r the aforementioned ac t i v i t i es shall be comprised of the ent i re State of Georgia; the proposed ac t i v i t i es in which the de novo o f f i ce of CHI w i l l engage are: the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumers and other purposes; the making, acquiring and servicing for i t s own account and fo r the account of others, of extensions of credi t to individuals secured by l iens on resident ial or non-residential real estate; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t ly related to extensions of mortgage loans; the sale of consumer oriented f inancial management courses; and the servic ing, for any person, of loans and other extensions of c red i t ; the proposed service area of the de novo o f f i ce of CHI shal l be comprised of the ent i re State of Georgia for a l l the aforementioned a c t i v i t i e s ; credi t related l i f e , accident and health insurance may be wr i t ten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of CPFC and CHI) at 5575 Peachtree Dunwoody Road, At lanta, Georgia, through i t s subsidiar ies, Cit icorp Homeowners, Inc. and Ci t icorp Person-to-Person Financial Center, Inc. (7/23/82) 3/

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


H.2, 1982 No. 30 - 11 -


New York Ci t icorp, New York, New York, requests permission to estab-l i sh a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (consumer lending ac t i v i t i e s including application acceptance funct ions, the execution of loan documents and disbursement of funds, the acceptance of payments, account adjustments and other customer service ac t i v i t i es incidental to Cit icorp Financial Inc . 's credi t card and direct lending a c t i v i t i e s ; the service area of the de novo o f f i ce shal l be comprised of the ent i re State of Virg in ia) at Springf ield Mal l , P.O. Box 789, Spr ingf ie ld, V i rg in ia , through i t s subsidiary, Cit icorp Financial Inc. (7/23/82) 3/

New York Ci t icorp, New York, New York, requests permission to estab-l i sh a de novo o f f i ce of i t s subsidiary, Cit icorp Home-owners /"TncT%"CHI") and to expand the ac t i v i t i es and ser-vice area of an exist ing o f f i ce of i t s subsidiary, Cit icorp Person-to-Person Financial Center, Inc. ("CPFC") at the same locat ion; the ac t i v i t i es in which the proposed de novo o f f i ce of CHI w i l l engage are (the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other pur-poses; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; the servicing for any person, of loans and other extensions of c red i t ; the making, acquiring and servic ing, for i t s own account and for the account of others of exten-sions of credi t to individuals secured by l iens on resident ia l or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area of CHI shall be comprised of the ent i re State of Alabama for a l l the aforementioned a c t i v i t i e s ; the new ac t i v i t i es in which the o f f i ce of CPFC proposes to engage de novo are: the making, acquiring and servic ing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on resident ia l or non-resident ia l real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area for the aforementioned proposed ac t i v i t i e s shall be comprised



H.2, 1982 No. 30 - 12 -


of the ent i re State of Alabama, the proposed expanded service area of CPFC shall be comprised of the ent i re State of Alabama for a portion of i t s previously approved a c t i v i t i e s , spec i f i ca l l y , the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory ( f loor planning) and working capi tal purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of cred i t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; and the servic ing, for any person, of loans and other extensions of c red i t ; credi t related l i f e , accident and health insurance may be wr i t ten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of CHI and CPFC) at #12 North 20th Street, Birmingham, Alabama, through i t s subsid-ia r i es , Ci t icorp Homeowners, Inc. and Ci t icorp Person-to-Person Financial Center, Inc. (7/24/82) 3/

New York C i t icorp , New York, New York, requests permission to estab-l i sh four de novo of f ices of i t s subsidiary, Ci t icorp Homeowners, Inc. ("CHI") and to expand the ac t i v i t i e s and service area of four exist ing of f ices of i t s subsidiary, Ci t icorp Person-to-Person Financial Center of Flor ida, Inc. ("CPFC") at those same locat ions, the a c t i v i t i e s in which the de novo of f ices of CHI propose to engage are (the making or acquiring of loans and other exten-sions of c red i t , secured or unsecured, for consumer and other purposes; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancia l management courses; the serv ic ing, for any person, of loans and other exten-sions of c red i t ; the making, acquiring and servic ing, for i t s own account and fo r the account of others, of extensions of credi t to individuals secured by l iens on resident ial or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area of each of the de novo of f ices of CHI shal l be comprised of the ent i re State of Florida for a l l the aforementioned proposed a c t i v i t i e s ; the

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


H.2. 19% No. 30 - 13 -


previously approved a c t i v i t i e s in which the of f ices of CPFC engage are as fol lows: the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory ( f loor planning) and working capi ta l purposes; the purchasing and servicing for i t s own account of sales finance contracts and the sale of cred i t related l i f e and accident and health or decreasing or level ( i n the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancia l management courses; and the servic ing, for any person of loans and other extensions of c red i t ; the new a c t i v i t i e s in which the of f ices of CPFC propose to engage de novo are: the making, acquiring and servic ing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on res ident ia l or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area for each CPFC o f f i ce for a l l previously approved ac t i v i t i e s shall be comprised of the ent i re State of Flor ida; credi t related l i f e , acci-dent and health insurance may be wr i t ten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of CPFC and CHI} at 5414 North Davis Highway, Pensacola, F lor ida, Windmill Gate Shopping Center, 1603 N.W. 67th Avenue, Miami Lakes, Flor ida; Executive Centre, 2300 Palm Beach Lake B lvd . , West Palm Beach, Florida and 1915 North Monroe, Tallahassee, F lor ida, through i t s subsidiar ies, Ci t icorp Homeowners, Inc. and Cit icorp Person-to-Person Financial Center of F lor ida, Inc. (7/23/82) 3/

New York C i t i corp , New York, New York, requests permission to estab-l i sh four de novo of f ices of i t s subsidiary, Ci t icorp Homeowners, Inc. ("CHI") and to expand the ac t i v i t i e s and service area of four ex is t ing of f ices of i t s subsidiary, Ci t icorp Person-to-Person Financial Center, Inc. ("CPFC") at the same locat ions, the ac t i v i t i e s in which the pro-posed de novo ofices of CHI w i l l engage are (the making or acquir ing of loans and other extensions of credi t secured or unsecured, for consumer and other purposes; the sale of cred i t related l i f e and accident and health or decreasing or level ( i n the case of single payment loans) term l i f e insurance by licensed agents or brokers, as requested; the sale of consumer oriented f inancia l

2? 4(c)(8) no t i f i ca t i on processed by Reserve Bank on behalf of the Board ~~ of Governors under delegated author i ty .


H.2, 1982 No. 30 - 1 4 -


management courses; the servic ing, for any person of loans and other extensions of c red i t ; the making, acquir-ing, and servic ing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on residential or non-resident ia l real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area of the de novo of f ices of CHI shall be comprised of the ent i re State of Cal i fornia for a l l the aforementioned a c t i v i t i e s ; the new ac t i v i t i e s in which the of f ices of CPFC propose to engage de novo are: the making, acquir-ing, and servic ing, for~Tts own account and for the account of others, of extensions of credi t to individuals secured by l iens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage dis-a b i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area of each of the CPFC of f ices for the aforementioned proposed a c t i v i t i e s shall be comprised of the ent i re State of Ca l i fo rn ia ; the proposed expanded service area of the CPFC of f ices shall include the ent i re State of Cal i -forn ia for the portion of t he i r previously approved a c t i v i t i e s , spec i f i ca l l y , the making or acquiring of loans and other extensions of c red i t , secured or un-secured, for consumer and other purposes; the exten-sion of loans to dealers for the financing of inventory ( f loor planning) and working capi ta l purposes; the pur-chasing and servicing fo r i t s own account of sales finance contracts; the sale of cred i t related l i f e and accident and health or decreasing or level ( i n the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses and the servic ing, for any person, of loans and other exten-sions of c red i t ; credi t related l i f e , accident and health insurance may be wr i t ten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of CPFC and CHI) at Four Seasons Off ice Bui ld ing, 4827 Sepulveda Blvd. , Suite 100, Sherman Oaks, Ca l i fo rn ia ; 119 North Central Avenue, Glendale, Cal i forn ia; Vanir Tower City Mall Plaza, 290 N. "0" Street, Suite 804, San Bernardino, Ca l i fo rn ia ; and 21707 Hawthorne Blvd. , Suite 106, Torrance, Ca l i fo rn ia , through i t s subsidiar ies, Ci t icorp Homeowners, Inc. and Ci t icorp Person-to-Person Financial Center, Inc. (7/23/82) 3/



H.2, 1982 No. 30 - 15 -

ACTIONS OF THE BOARP-Continued

New York Ci t icorp, New York, New York, requests permission to estab-l i sh de novo of f ices of i t s subsidiary, Cit icorp Home-owners, Inc. ("CHI") and to expand the ac t i v i t i es and service area of eight ex is t ing of f ices of i t s subsid-ia ry , Cit icorp Person-to-Person Financial Center, Inc. ("CPFC") at the same locat ions, the ac t i v i t i es to be engaged in by the de novo of f ices of CHI w i l l include (the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the making, acquiring and servicing for i t s own account and for the account of others, extensions of of credi t to individuals secured by l iens on resident ial or non-residential real estate; the sale of credi t re-lated l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t ly related to extensions of mortgage loans; the sale of consumer oriented f inancial management courses; and the servicing, for any person, of loans and other extensions of c red i t ; the proposed service area of the de novo of f ices shall be comprised of the ent i re States of Arizona, Nevada and New Mexico for a l l the aforementioned a c t i v i t i e s ; the new ac t i v i t i e s in which the CPFC of f ices propose to engage de novo are: the making, acquiring and servicing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on resident ial or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t ly related to extensions of mortgage loans; the proposed service area for the aforementioned proposed ac t i v i t i es shall be comprised of the ent i re States of Arizona, Nevada and New Mexico; the proposed expanded service area of the CPFC of f ices shall include the ent i re States of Arizona, Nevada and New Mexico for a portion of the i r previously approved a c t i v i t i e s ; spec i f i ca l l y , the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; and the servicing, for any person, of loans and other extensions of c red i t ; in regard


H.2, 1982 No. 30 - 1 6 -


to credi t related insurance, the business of a general insurance agency w i l l not be conducted; credi t related decreasing term l i f e insurance and accident and health insurance may be underwritten by Family Guardian Li fe Insurance Company, an a f f i l i a t e of CPFC and CHI) at 7620 E. Indian School Road, Scottsdale, Arizona; 9861 Meto Parkway West, Phoenix, Arizona; 2077 East Camel back Road, Phoenix, Arizona; 111 E. Missouri Avenue, Phoenix, Arizona; Tr i -C i ty Mal l , 1836.West Main Street, Mesa, Arizona; Thomas Mal l , 4421 A East Thomas Road, Phoenix, Arizona; 143 Valley West Mal l , 5719 West Northern Avenue, Glendale, Arizona; and Chris Town Shopping Center, 1558 West Montebello, Phoenix, Arizona, through i t s subsid-ia r ies , Cit icorp Homeowners, Inc. and Cit icorp Person-to-Person Financial Center, Inc. (7/22/82) 3/

New York C i t i corp , New York, New York, requests permission to expand the ac t i v i t i es and service area of an exist ing o f f i ce engaging in the fol lowing ac t i v i t i e s (previously approved ac t i v i t i e s : the making of loans to individuals and businesses secured by second mortgage l iens; the sale of credi t related l i f e and accident and health or decreas-ing or level (in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the servic ing, for any person, of loans and other exten-sions of c red i t ; and the sale of consumer oriented f i -nancial management courses; the ac t i v i t i e s in which the subsidiary proposes to engage de novo are: the making, acquiring and servic ing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on resident ia l or non-resident ial real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area for the previously approved and proposed ac t i v i t i es shal l be comprised of the ent i re State of Connecticut) at Carriage H i l l Shopping Center, 1200 Postroad East, Westport, Connecticut, through i t s subsidiary, Cit icorp Person-to-Person Financial Center of Connecticut, Inc. (7/17/82) 3/

Cleveland Banc One Corporation, Columbus, Ohio, no t i f i ca t i on of intent to engage in de novo a c t i v i t i e s (leasing personal property and equipment, or acting as agent, broker, or advisor in leasing of such property where such property is acquired by the lessor at the request of the lessee, for business purposes and where at the inception of the i n i t i a l lease

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


H.2, 1982 No. 30 - 17 -

ACTIONS OF THE BOARP-Continued

the expectation is that the ef fect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property w i l l be to compensate the lessor for not less than the lessor's f u l l investment in the property; making, acquir ing, and sel l ing for i t s own account and for the account of others, loans and other extensions of credi t including loans to finance agr icul tural production, commercial and industr ia l loans, and loans to individuals for household, fami ly , and other personal expenditures; and servicing such loans and other exten-sions of credi t for i t s e l f and for non-a f f i l i a ted banks and for ins t i tu t iona l investors) at 9023 Darrow Road, Twinsburg, Ohio, through i t s subsidiary, Banc One Financial Corporation (7/22/82) 3/

Richmond Maryland National Corporation, Baltimore, Maryland, n o t i f i -cation of intent to engage in de novo ac t i v i t i es (engag-ing generally in the business of leasing personal property including, but not l imi ted t o , the leasing of various types of equipment, machinery, vehicles, transportation equip-ment , and data processing equipment and including conditional sales contracts and chattel mortgages where the lease is the functional equivalent of an extension of c red i t ; or ig inat ing and servicing personal property leases as principal or agent; buying, se l l ing and otherwise dealing in personal property lease contracts as principal or agent; acting as adviser in personal property leasing transactions; engaging in the sale, as agent or broker, of insurance similar in form and intent to credi t l i f e and/or mortgage redemption insurance; engaging generally in the business of leas-ing real property where the lease is the functional equivalent of an extension of c red i t ; or ig inat ing real property leases as pr incipal or agent; servicing real property leases for a f f i l i a t e d or nonaf f i l ia ted indiv iduals, partnerships, corporations or other e n t i t i e s ; buying, se l l ing and otherwise dealing in real property leases as p r inc ipa l , agent or broker; acting as adviser in real property leasing transactions; engaging generally in commercial lending operations in-cluding, but not be l imited to , secured and unsecured commercial loans and other extensions of credi t to commercial enterprises; and acting as advisor or broker in commercial lending transactions) at Suite 105C,



H.2, 1982 No. 30 18


Prospect Center Off ice Bui ld ing, 301 Sovereign Court, Manchester, Missouri and Suite 804, F ide l i ty Federal Bui ld ing, 401 Union Street, Nashvi l le, Tennessee, through I t s subsidiary, Maryland National Leasing Corporation (7/23/82) 3/

Atlanta Citizens and Southern Georgia Corporation, At lanta, Georgia, no t i f i ca t i on of intent to engage in de novo ac t i v i t i e s ( in mortgage lending and mortgage banking a c t i v i t i e s , including the extension of d i rect loans to consumers, the purchase and discount of real estate loans and other ex-tensions of c red i t , making, acquir ing, servicing or s o l i c i t i n g , for i t s own account or for the account of others, loans and other extensions of c red i t ; and acting as agent for the sale of l i f e , accident and health insurance d i rec t l y related to i t s extensions of c red i t ) at 110 E. Clayton Street, Athens; 709 Broad Street, Augusta; 1895 Phoenix Blvd. , Suite 336, College Park; 487 Cherry Street, Macon; 400 Market Place, Roswell; 300 Bull St reet , Savannah; 2059 Cooledge Avenue, Tucker; and 106 S. Patterson Street, Valdosta, a l l located in Georgia, through i t s subsidiary, Citizens and Southern Mortgage Company (7/19/82) 3/

San Charter National Bancorp, Encino, Cal i fo rn ia , no t i f i ca t i on Francisco of intent to engage in de novo ac t i v i t i e s (making or

acquir ing, for i t s own account or for the account of others, loans and other extensions of cred i t ( inc lud-ing issuing le t ters of cred i t and accepting draf ts) such as would be made by a mortgage, finance, c red i t card or factor ing company; these ac t i v i t i e s are pro-posed to be financed by loans to Charter National F i -nance Corporation, by a non a f f i l i a t e d bank or banks, which loans may be guaranteed by Charter National Bancorp) at 16810 Ventura Boulevard, Encino, (Los Angeles), Ca l i fo rn ia , serving the State of Cal i fo rn ia , through a subsidiary, Charter National Finance Corp. (7/18/82) 3/

Rainier Bancorporation, Seatt le, Washington, no t i f i ca t i on of intent to engage in de novo ac t i v i t i e s (making or acquiring for i t s own account or for the account of others, loans or other extensions of c red i t ; and act-ing as an insurance agent or broker with regard to insurance that is d i rec t l y related to extensions of credi t by Rainier Mortgage Company in the fol lowing

San Francisco



H.2, 1982 No. 30 - 19 -


categories: mortgage redemption insurance in the form of credi t l i f e and d i sab i l i t y insurance; property and casualty insurance on real and personal property, including homeowners, f i r e and extended coverage, l i a b i l i t y , bui lder 's course of construction, and builder borrower insurance and performance bonds) in Lakewood, Colorado, serving the ent i re State of Colorado, through i t s subsidiary, Rainier Mortgage Company (7/23/82) 3/

San U.S. Bancorp, Portland, Oregon, no t i f i ca t ion of intent Francisco to engage in de novo ac t i v i t i es (making, acquiring and

servicing of Toans and other extensions of c red i t , e i ther secured or unsecured, for i t s own account or the account of others including, but not l imited to , commercial, rediscount and installment sales contracts; to issue t h r i f t cer t i f i ca tes and passbooks and to act as insurance agent with regard to credi t l i f e and dis-a b i i l t y insurance solely in connection with extensions of credi t by U.S. T h r i f t , in conformance with the provision of Sections 225.4(a)(1), (2) , (3), and (9 ) ( I ) of Regulation Y) at 2 East Broadway, Salt Lake Ci ty , Utah, the primary service area is defined as that area north of 2100 South Street, east of 1-15 and bordered to the north and east by the Wasatch Mountain through i t s subsidiary, U.S. Th r i f t & Loan (7/23/82) 3/

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


H.2, 1982 No. 30 - 2 0 -

APPLICATIONS RECEIVED

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

St. Louis E l l i o t State Bank, Jacksonvi l le, I l l i n o i s , to merge with Es Bank, Jacksonvi l le, I l l i n o i s . 2J

* * * * *

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

Chicago Es Bank, Jacksonvi l le, I l l i n o i s . 2/

Dallas Traders State Bank, Canton, Texas. 2_/

Dallas Commonwealth Bank of Ar l ington, Ar l ington, Texas. 2/

* * * * *

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

New York The Bank of New York, New York, New York. To establish eighty o f f s i t e electronic f a c i l i t i e s in the fol lowing counties:

1 branch - Cattaraugus County 2J 3 branches - Chautauqua County 2j

67 branches - Erie County 2/ 1 branch - Genesee County 2/ 6 branches - Niagara County 2J 2 branches - Orleans County 2/

New York European American Bank & Trust Company, New York, New York. To relocate a branch from 320 Park Avenue, to 545 Madison Avenue, New York, New York. 2/

Richmond Bank of the James, Manakin-Sabot, V i rg in ia. To establ ish a branch at the intersection of Gaskins Road and Stoneridge Lane, Henrico County, V i rg in ia . 2/

Richmond Piedmont Bank and Trust Company, Davidson, North Carolina. To establish a branch at 9 Union Street North, Main Street Mal l , Suite 101, Concord, Cabarrus County, North Carolina. 2/

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


H.2, 1982 No. 30 - 21 -

APPLICATIONS RECEIVED-Continued

Chicago Peoples Bank and Trust Company, Cedar Rapids, Iowa. To establish an o f f s i t e electronic f a c i l i t y at 151 Jacolyn Drive NW, Cedar Rapids, Iowa. 2/

San Santiam Valley Bank, Aumsville, Oregon. Branch o f f i ce Francisco to be located at 300 N.W. Santiam Boulevard, M i l l City

Marion County, Oregon. 2/

* * * * *

Applications and Not i f icat ions for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

New York A l l ied International Bancorp, Inc . , New York, New York: requests consent to redeem 400 shares of the preferred stock of A l i ied 1s wholly owned Edge Act corporation, A l l ied Bank Internat ional , New York, New York.

New York Ci t icorp, New York, New York: pr ior no t i f i ca t ion of i t s intent to make an addit ional investment, ei ther d i rec t l y or i nd i rec t l y , in Cit i lease Co., L td . , Tokyo, Japan.

New York Marine Midland Banks, Inc . , Buffalo, New York: pr ior not-i f i ca t i on of i t s intent to establish a de novo company in Curacao, Netherlands Ant i l les to be named Marine Midland Finance N.V.

Richmond Maryland National Bank, Baltimore, Maryland: for permission to change the name of i t s Edge Corporation, Maryland National Overseas Investment Corporation, to Maryland Bank In ter -nat ional , and to establ ish a branch of that Corporation at Tysons Corner, V i rg in ia .

Atlanta F i rs t Palm Beach International Bank, Coral Gables, Flor ida: grants consent to establ ish a subsidiary bank and t rus t company, Fi rst Palm Beach International Bank & Trust Company (Cayman Islands) L td . , in the Cayman Islands.

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


H.2, 1982 No. 30 - 2 2 -


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

Philadelphia Drovers Bancshares Corporation, York, Pennsylvania, for approval to acquire 100 percent of the voting shares of The Drovers & Mechanics Bank, York, Pennsylvania. 2/

Philadelphia Palm Bancorp, Palmerton, Pennsylvania, for approval to acquire 100 percent of the voting shares of The F i rs t National Bank of Palmerton, Palmerton, Pennsylvania. 2/

Cleveland Manchester Bancorp, Inc . , Manchester, Kentucky, for approval to acquire 100 percent of the voting shares of F i rs t State Bank, Manchester, Kentucky. 2/

Atlanta F i rs t Port Allen Bancshares, Inc . , Port Al len, Louisiana, for approval to acquire at least 80 percent of the voting shares of F i rs t National Bank of Port A l len, Port Al len, Louisiana. 2/

Atlanta The Magnolia State Corporation, Bay Springs, Mississippi , for approval to acquire at least 80 percent of the voting shares of Jasper County Bank, Bay Springs, Mississippi . 2/

Atlanta WCG Bancshares, Inc . , Thomaston, Georgia, for approval to acquire 100 percent of the voting shares of West Central Georgia Bank, Thomaston, Georgia. 2]

Chicago Cedar Valley Bankshares, L td . , Charles C i ty , Iowa, for approval to acquire at least 95.17 percent of the voting shares of F i rs t Security Bank & Trust Company, Charles C i ty , Iowa. 2/

Chicago City Bankshares, Inc . , Portage, Wisconsin, for approval to acquire at least 80 percent of the voting shares of City Bank and Trust Company, Portage, Wisconsin. 2/

Chicago Essex Iowa Bancorporation, Inc . , Essex, Iowa, for approval to acquire at least 80 percent of the voting shares of The F i rs t National Bank of Essex, Essex, Iowa. 2/

Chicago Gainer Corporation, M e r r i l l v i l i e , Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to Gary National Bank, Gary, Indiana. 2/

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


H.2, 1982 No. 30 - 23 -


Chicago Southern Michigan Bancorp, I nc . , Coldwater, Michigan, for approval to acquire 100 percent of the voting shares of the successor by merger to Southern Michigan National Bank of Coldwater, Coldwater, Michigan. 1)

St. Louis E l l i o t t Bancorp, I nc . , Jacksonvi l le, I l l i n o i s , for approval to acquire 100 percent (less d i rectors ' qual i fy ing shares) of the voting shares of E l l i o t t State Bank, Jacksonvil le, I l l i n o i s . 2/

St. Louis Southside Bancshares Corp., St. Louis, Missouri, for approval to acquire 100 percent of the voting shares of the successor by merger to South Side National Bank in St. Louis, St. Louis, Missouri. If

Minneapolis Ashby Bancshares, Inc . , Ashby, Minnesota, for approval to acquire at least 83.6 percent of the voting shares of F i rs t State Bank of Ashby, Ashby, Minnesota. 2J

Minneapolis Financial Services of St. Croix Fa l l s , Inc . , St. Croix Fa l l s , Wisconsin, for approval to acquire at least 92.818 percent of the voting shares of The F i rs t National Bank of St. Croix Fa l l s , St. Croix Fa l ls , Wisconsin, 2/

Minneapolis Noble Bank Holding Company, Inc . , Red Wing, Minnesota, for approval to acquire at least 91.2 percent of the voting shares of The F i rs t State Bank of Red Wing, Red Wing, Minnesota. 2/

Kansas City Century Bank Shares, Lyman, Wyoming, for approval to acquire at least 80 percent of the voting shares of F i rs t State Bank of Lyman, Lyman, Wyoming. 2/

Kansas City Valley Bancorp, Inc . , Hopkins, Missouri, for approval to acquire at least 96.72 percent of the voting shares of Thirty-Three Venturers, Inc . , Hopkins, Missouri and in-d i rec t l y Valley Bank, Hopkins, Missouri. 2/

Dallas F i rs t Comanche Bancshares, Inc . , Comanche, Texas, for approval to acquire 100 percent of the voting shares of F i rs t Comanche Bank, Comanche, Texas. 2/

Dallas Fo l le t t Bancshares, Inc . , F o l l e t t , Texas, for approval to acquire at least 80 percent of the voting shares of The Fo l le t t National Bank, F o l l e t t , Texas. 2/

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


H.2, 1982 No. 30 - 24 -


Dallas Plainview F i rs t National Bancshares, Inc . , Plainview, Texas, for approval to acquire 80 percent or more of the voting shares of F i rs t National Bancshares, Inc . , Plainview, Texas and F i rs t National Bank of Plainview, Plainview, Texas. 2/

* * * * *

Cleveland

Cleveland

Richmond

Atlanta

Chicago

Kansas City

Dal las

Dal las


Provident Bancorp, Inc. , Cincinnat i , Ohio, for approval to acquire 100 percent of the voting shares of The Midwest Bank & Trust Co., Cleveland, Ohio. 2/

Toledo Trustcorp, Toledo, Ohio, for approval to acquire at least 66.66 percent of the voting shares of F i rs t Buckeye Bank N.A., Plymouth, Ohio. 2/

Bank of Virginia Company, Richmond, V i rg in ia , for approval to acquire 21.2 percent of the voting shares of The Bank of Vienna, Vienna, V i rg in ia . 27

71 Corporation, Tampa, Florida (formerly Mul t i -L ine, I nc . ) , for approval to acquire F i rs t Florida Banks, Inc . , Tampa, Flor ida, and ind i rec t ly acquire at least 90 percent of the voting shares of Northeast Bank of Clearwater, Clearwater, Flor ida. 2/

Peoples Bankshares, L td . , Waterloo, Iowa, for approval to acquire at least 80 percent of the voting shares of Melbourne Savings Bank, Melbourne, Iowa. 2/

A f f i l i a t e d Bankshares of Colorado, Inc . , Boulder, Colorado,, for approval to acquire at least 90 percent of the voting shares of Alameda National Bank, Lakewood, Colorado. 2/

Schreiner Bancshares, Inc . , Ke r r v i l l e , Texas, for approval to acquire 100 percent of the voting shares of Southwest National Bank, Austin, Texas. 2/

Texas Commerce Bancshares, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Texas Commerce Bank-Greens Crossing, National Association, Houston, Texas, a proposed new bank. 2/

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


H.2, 1982 No. 30 - 2 5 -



Chicago Peoples Banfshares, L td . , Waterloo, Iowa, for approval to merge with K-S Banco, Inc. , Waterloo, Iowa, thereby acquiring 100 percent of the voting shares of Kellogg-Sully Bank & Trust, Kellogg, Iowa. 2/

* * * * *

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

Boston OLD STONE CORPORATION, Providence, Rhode Island, no t i f i ca t ion of intent to engage in de novo a c t i v i t i e s ( in operating a loan or investment bank as authorized by Rhode Island law, including the acceptance of time and savings deposits but excluding the acceptance of demand deposits or the making of commercial loans) at Metro Center Off ice Park, Warwick, Rhode Island, serving pr imar i ly the c i t i es and town of Warwick, West Warwick, Cranston and East Greenwich plus Washington County in the State of Rhode Isand, through i t s subsidiary, Guild Loan & Investment Company (7/19/82)

Boston OLD STONE CORPORATION, Providence, Rhode Island, no t i f i ca -t ion of intent to engage in de novo ac t i v i t i e s (making or acquiring and servicing short-term f i r s t and second mortgage loans in V i rg in ia , Arizona and Georgia, and in insurance agency a c t i v i t i e s for the sale of casualty insurance sold in connection with extensions of credi t in Arizona and Georgia) at 3974 Woodcock Drive, Jacksonvil le, F lor ida, serving the States of V i rg in ia , Arizona and Georgia, through i t s indirect subsidiary, UniCredit Corporation of Fla. (7/23/82)

New York The Chase Manhattan Corporation, New York, New York, requests permission to establish a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (making or acquir ing, 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 commercial f inance, equipment finance or factor ing company, including factor ing accounts receivable, making advances and over-advances on receivable and inventory and business installment lending as well as unsecured commercial loans; servicing loans and other extensions of c red i t ; leasing personal property on a f u l l payout basis and in accordance with the Board's

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


H.2, 1982 No. 30 - 2 6 -

APPLICATIQNS RECEIVED-Continued

Regulation Y, or acting as agent, broker or advisor in so leasing such property, including the leasing of motor vehicles) at Knoll Center, Suite 3000, 4000 MacArthur Boulevared, Newport Beach, Cal i fo rn ia , through i t s subsidiary, Chase Commercial Corporation (7/21/82)

New York Ci t icorp, New York, New York, requests permission to establish de novo of f ices engaging in the fol lowing ac t i v i t i es (the sale of United States dol lar and foreign-denominated travelers checks) at Miami International A i rpor t , Miami, Flordia and Houston Intercontinental A i rpor t , Houston, Texas, through i t s subsidiary, Cit icorp (USA), Inc. (7/21/82)

New York Manufacturers Hanover Corporation, New York, New York, requests permission to relocate an exist ing o f f i ce and to expand the service area of the relocated o f f i ce engaging in the following ac t i v i t i e s (making or acquiring loans and other extensions of c red i t , secured or unsecured, such as would be made or acquired by a finance company under South Carolina Law; and of fer ing credi t related l i f e insurance and credi t accident, health, and property insurance; the o f f i ce w i l l serve customers in Richland, Lexington, Saluda, Newberry, Aiken, Fa i r f i e l d , Kershaw, Sumter, Lee, Clarendon, Calhoun and Orangeburg counties) from 1700 Sumter Street, Columbia, South Carolina to 7350 A" Two Notch Road, Columbia, South Carolina, through i t s subsidiary, Finance One of South Carolina, Inc. (7/22/82)

Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s ( in commercial finance and factor ing ac t i v i t i e s including the so l i c i t a t i on and making of loans to inventory, machinery and equipment and/or other commercial finance co l la tera l and the factor ing of accounts receivable) at 400 MacArthur Boulevard, Newport Beach, Cal i forn ia , serving Orange County, Cal i forn ia, through i t s subsidiary, Congress Financial Corporation (7/24/82)

Cleveland Provident Bancorp, Inc . , Cincinnat i , Ohio, for approval to acquire 100 percent of the voting shares of Midwest Manage-ment Service Company, Cleveland, Ohio.

Chicago Associated Banc-Corp., Green Bay, Wisconsin, no t i f i ca t ion of intent to engage in de novo a c t i v i t i e s ( in mortgage banking) at 220 North Madison Street, Green Bay, Wisconsin, the geographic area to be served w i l l be the southern Wisconsin counties of Marquette, Columbia, Dane, Rock, Walworth, Milwaukee, Dodge, and Sheboygan and northern I l l i n o i s counties of Boone, McHenry, Lake, Winnebago, Kane, Du Page, Cook and W i l l , through i t s subsidiary, Associated Mortgage, Inc. (7/17/82)


H.2, 1982 No. 30 - 2 7 -


Kansas City F i rs t Oklahoma Bancorporation, Inc . , Oklahoma Ci ty , Oklahoma, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (making or acquiring loans and other extensions of credi t such as would be made by a commercial finance company, including commercial loans secured by a borrower's in-ventory, accounts receivable, or other assets; servicing such loans for others; and making leases of personal pro-perty in accordance with the Board's Regulation Y) at 120 North Robinson, Oklahoma Ci ty , Oklahoma, serving Oklahoma, Kansas, Arkansas, Missouri, Colorado, New Mexico, Texas, and Louisiana, through i t s subsidiary, F i rs t Oklahoma Commercial Corporation (7/23/82)

Kansas City Jent, Inc . , Grinnel1, Kansas, no t i f i ca t i on of intent to engage in de novo a c t i v i t i e s (making, for i t s own account or for the account of others, loans and other extensions of credi t including issuing le t ters of credi t and accepting draf ts) at 404 E. Front, Oakley, Kansas, serving an area within a f i f teen mile radius of the communities of Oakley and Grinnel1, Kansas (7/22/82)

Dal las

San Francisco

San Francisco

F i rs t City Financial Corporation, Albuquerque, New Mexico, (making or acquiring loans or extensions of credi t such as would be made by a commercial bank or commercial finance company) at 4665 Indian School Road, NE, Albuquerque, New Mexico, serving New Mexico (7/20/82)

Capistrano Bancorp, San Juan Capistrano, Cal i fo rn ia , no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (making or acquiring for i t s own account loans and other extensions of c red i t , including commercial loans secured by a borrower's inventory, accounts receivable, real estate or other assets and servicing loans in accordance with the Board's Regulation Y) at 2111 W. Crescent, Anaheim, Cal i forn ia , serving the State of Cal i forn ia, through i t s subsidiary, Crest Mortgage Co. (7/23/82)

F i rs t Interstate Bancorp, Los Angeles, Cal i forn ia , no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s ( in investment or f inancial advisory ac t i v i t i e s to the extent of ( i ) serving as the advisory company for a mortgage or real estate invest-ment t r u s t ; ( i i ) serving as investment adviser, as defined in section 2(a)(20) of the Investment Company Act of 1940, to an investment company registered under that Act; ( i i i ) providing po r t fo l i o investment advice to any other person; ( i v ) furnishing general economic information and advice, general economic s ta t i s t i ca l forecasting services and industry studies; and (v) providing f inancia l advice to State and local governments, such as with respect to the issuance of


H.2, 1982 No. 30 - 2 8 -

APPLICAT10NS RECEIVED-Continued

San Francisco

San F rancisvo

the i r secur i t ies) at 320 Gold Avenue, S.W., in Albuquerque, New Mexico, serving the f i f t y states, through i t s subsidiary, Western Asset Management Company (7/18/82)

Security Pacif ic Corporation, Los Angeles, Cal i forn ia, no t i f i ca t ion of intent to engage in de novo a c t i v i t i e s (making or acquiring for i t s own account or for the account of others, loans and extensions of c red i t , including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credi t such as would be made by a factor ing company or a consumer finance company, and acting as broker or agent for the sale of credi t l i f e and credi t accident and health in-surridce) in Cherry H i l l , New Jersey, serving the State of New Jersey, through i t s subsidiary, Security Pacif ic Finance Corp. (7/20/82)

Wells Fargo & Company, San Francisco, Ca l i fo rn ia , no t i f i ca t ion of intent to engage in de novo a c t i v i t i e s ((1) making loans and extensions of credi t pr imari ly to corporations, individuals or partnerships engaged in agr icul tura l production, d is t r ibu t ion , processing, or other agr icu l tura l a c t i v i t i e s ; (2) servicing the loans or extensions of cred i t described in (1) above including loan par t ic ipat ions with other lenders) in Spokane, Washington, serving the ent i re United States, however, w i l l pr imari ly focus on Washington, Oregon, Idaho, Cal i fornia and Nevada, through i t s subsidiary, Wells Fargo Ag Credit (7/16/82)

* * * * *

Ownership Statement Fi led Pursuant to Section 13(d) of the Securit ies Exchange Act

The Bank of Vienna, Vienna, Virginia (Fi led by Meyer H. Abraham)

PETITIONS FOR RULEMAKING

None

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

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