h2_19830709.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 27)

Actions of the Board; Applications and Reports

Received During the Week Ending July 9, 1983

APPLICABLE RESERVE BANK

Boston

New York

New York

Richmond

Richmond

Atlanta

Atlanta

ACTIONS OF THE BOARD

The Federal Reserve Board announced i t s support of l e g i s l a t i o n transmitted to Congress by the Treasury Department that would authorize new non-banking powers for bank and t h r i f t holding companies.

State Street Boston Corporation, Boston, Massachusetts, extension of time to October 7, 1983, whithin which to acquire through a purchased stock option 16.6 percent of the voting shares of Worcester Bancorp, Inc. , Worcester, Massachusetts. 1/

Banco de Ponce, Ponce, Puerto Rico, investment in bank premises. V

Onondaga Savings Bank, Syracuse, New York, proposal to merge with The Oneida County Savings Bank, Rome, New York; report to the Federal Deposit Insurance Corporation on competitive factors . ]_/

First National Bank of Oakland, Oakland, Maryland, proposed merger with Cumberland Savings Bank, Cumberland, Maryland; report to the Comptroller of the Currency on competitive fac tors . _!_/

Big Stone Gap Bank and Trust Company, Big Stone Gap, Virginia, extension of time to August 9, 1983, of the notice of change in control . JJ

Termination of registrat ion under Regulation G for Flint River Production Credit Association, Forsyth, Georgia. ]_/

First Bankshares, Inc . , Marianna, Florida, extension of time to October 3, 1983, within which to become a bank holding company through the acquisit ion of First Bank of Mariana, Marianna, Florida. 1/

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

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

H.2, 1983 No. 27 - 2 -

ACTIONS OF THE BOARD - Continued

Atlanta South Mississippi Capital Company, P r e n t i s s , Miss i s s ipp i , extension of time to October 1, 1983, within which to become a bank holding company through the acquis i t ion of South Mississippi Bank, P r e n t i s s , Miss i s s ipp i . J /

Atlanta South Florida Banking Corp. , Bonita Springs, F lor ida , extension of time to October 13, 1983, within which to become a bank holding company through the acqu i s i t ion of F i r s t National Bank of Bonita Springs, Bonita Springs, F lo r ida . J /

Chicago Ci t izens Bank, Sheboygan, Wisconsin, extension of time to October 9 , 1983, within which to merge with Ci t izens Bank of Manitowoc, Manitowoc, Wisconsin. ]_/

Chicago Ci t izens Bank, Sheboygan, Wisconsin, extension of time to October 9, 1983, within which to merge with Ci t izens North Side Bank, Sheboygan, Wisconsin. V

Chicago Valley Financial Serv ices , I nc . , South Elgin, I l l i n o i s , extension of time to September 4, 1983, within which to become a bank holding company through the acquis i t ion of 80 percent or more of the voting shares of The Valley Bank and Trust Company, South Elgin, I l l i n o i s . J_/

Chicago Mercantile Bancorp, I nc . , Hammond, Indiana, extension of time to October 2, 1983, within which to become a bank holding company through the acquis i t ion of 80 percent or more of the voting shares of Mercantile National Bank of Indiana, Hammond, Indiana. V

S t . Louis F i r s t Fordyce Bancshares, I n c . , Fordyce, Arkansas, extension of time to October 15, 1983, within which to become a bank holding company through the acquis i t ion of the successor by merger to The F i r s t National Bank of Fordyce, Fordyce, Arkansas. J_/

S t . Louis Security Capital Corporation, B a t e s v i l l e , Miss i s s ipp i , extension of time to October 4, 1983, within which to become a bank holding company through the acquis i t ion of the successor by merger to Ba tesv i l l e Security Bank, B a t e s v i l l e , Mis s i s s ipp i .

S t . Louis Ci t izens Bancshares, I nc . , Dyersburg, Tennessee, extension of time to October 5, 1983, within which to become a bank holding company through the acquis i t ion of the successor by merger to F i r s t Ci t izens National Bank of Dyersburg, Dyersburg, Tennessee. 1/

] / Application processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 27 - 3 -


Kansas City American Securi ty Bank, North P l a t t e , Nebraska, proposed merger with American Sta te Savings Company, North P l a t t e , Nebraska; report to the Federal Deposit Insurance Corporation on competit ive f a c t o r s . J /

Dal las

San Francisco

San Francisco

Bay Bancshares, I n c . , La Porte , Texas, extension of time to August 3, 1983, within which to acquire Bayshore National Bank of La Por te , La Por te , Texas. V

F i r s t Bankshares, I n c . , S t . George, Utah, extension of time to October 11, 1983, within which to become a bank holding company through the acqu i s i t i on of Dixie S ta te Bank, S t . George, Utah. J /

U. S. Bancorp, Por t land, Oregon, extension of time to October 7, 1983, within which to begin operation of F t . Coll ins U. S. Indus t r ia l Bank, F t . Co l l ins , Colorado. 1/

San Francisco

BankAmerica Corporat ion, San Francisco, C a l i f o r n i a , extension of time to July 16, 1984, within which to make an addi t ional investment in BankAmerica Overseas Finance Corporation N.V., Netherlands A n t i l l e s . 1/

y Application processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 NO. 27 - 4 -


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

Approved Atlanta Georgia Railroad Bank & Trust Company, August, Georgia

To e s t a b l i s h a branch at 601 Broad S t r e e t , Augusta, Georgia. J /

* * * * *

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

Approved Cleveland Bank One of Mansfield, Mansfield, Ohio, to merge with

The Peoples Bank, Mount Gilead, Ohio. V

* * * * *

Applicat ions and N o t i f i c a t i o n s fo r In terna t ional Investments and Other Actions Pursuant to Sections 25 and 25(a)

of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) , 4(c)(13) and 4(c)(14) of the Bank Holding Company Act of 1956, as amended

Sixty-Day N o t i f i c a t i o n Period Allowed to Expire San Rainier Bancorporation, S e a t t l e , Washington, to Francisco e s t a b l i s h an o f f sho re f inancing subsidiary in the

Netherlands An t i l l e s to be named Rainier Overseas Finance Corporat ion, N.V.

* * * * *

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

Withdrawn Chicago Miles-Bowen Bancshares, I n c . , Bowen, I l l i n o i s , for

approval to acquire at l ea s t 80 percent or more of the voting shares of Bowen Sta te Bank, Bowen, I l l i n o i s . 1/

y Applicat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 27 - 5 -


Boston

New York

Richmond

Atlanta

Atlanta

Chicago

Chicago

St . Louis

St . Louis

Approved Suburban National Corporation, Ar l ington, Massachusetts,

for approval to acquire 100 percent of the voting shares of Suburban National Bank of Arl ington, Arlington, Massachusetts. J /

City National Bancshares Corporation, Newark, New Jersey, for approval to acquire 100 percent of the voting shares of the successor by merger to City National Bank of New Jersey, Newark, New Jersey. \J

l®SC Corporation, Sumter, South Carlina, for approval to acquire 100 percent of the voting shares of New National Bank of South Carolina, successor by merger to The National Bank of South Carolina, Sumter, South Carolina.

First National Bancorp of She!byvi l ie , Inc . , Shelby-v i l l e , Tennessee, for approval to acquire at l eas t 80 percent of the voting shares of The First National Bank, Shelbyvi l le , Tennessee. V

Union Bancshares, Inc. , Pell City, Alabama, f o r approval to acquire 100 percent of the voting shares of Union State Bank, Pell City, Alabama. V

Manteno Banchsares, Inc . , Manteno, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Manteno State Bank, Manteno, I I l i n o i s . ]J

Thornton Bancshares, Inc. , Thornton, Iowa, for approval to acquire 80 percent or more of the voting shares of The First State Bank of Thornton, Iowa, Thornton, Iowa. \f

Arkansas State Bankshares, Inc. , Clarksvi l le , Arkansas, for approval to acquire at least 80.0 percent of the voting shares of Arkansas State Bank, Clarks-v i l l e , Arkansas. ]_/

Danville Bancorp, Inc . , Danville, Kentucky, for approval to acquire 100 percent of the voting shares of the successor by merger to Citizens National Bank of Danville, Danville, Kentucky. V

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


AUiOhS OF THE BOARD - Continued

St. iQuH

• <ir< is City

Kansas City

H r s t American Bancshares Limited Partnership, toorth L i t t l e Rock, Arkansas, for approval to acquire at least 90 percent of the voting shares of First American National Bank, North L i t t l e Rock, Arkansas and First American Bank/Little Rock, National Association, L i t t l e Rock, Arkansas.

City National Bancshares, Inc. , Greeley, Nebraska, for approval to acquire 100 percent of the voting shares of The City National Bank of Greeley, Greeley, Nebraska. J /

0 . C. Bancorp, Dove Creek, Colorado, for approval to acquire at least 88.67 percent of the voting shares of Dove Creek State Bank, Dove Creek, Colorado. 1/

Dal las

Oallas

D a l l a j

San Francisco

San Francisco

LBrenham Bancshares, Inc . , Brenham, Texas, for approval to acquire 100 percent of the voting shares of The Brenham National Bank, Brenham, Texas. V

First Western Bancshares, Inc. , Duncanvilie, Texas, for approval to acquire at least 80 percent of the voting shares of Western Bank, Duncanvi!le, Texas. V

Tascosa Financial Corporation, Amarillo, Texas, for approval to acquire at l eas t 80 percent of the voting shares of Tascosa National Bank of Amarillo, Amarillo, Texas. V

0CB Bancorp, Long Beach, Cal i fornia, for approval to acquire 100 percent of the voting shares of Queen City Bank, N.A., Long Beach, California, a proposed new bank. \J

Ubancorp, Bountiful , Utah, for approval t o acquire at least 80 percent of the voting shares of Utah Bank & Trust, Bountiful, Utah. 1/

j / Application processed on behalf of the Board of Governors under delegated authority.


H.2, 1983 No. 27 - 7 -


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

Atlanta

Kansas City

Kansas City

Kansas City

Approved Southeastern Banking Corporation, Folkston, Georgia,

fo r approval t o acquire 100 percent of the voting shares of The Darien Bank, Darien, Georgia. J J

FirstBank Holding Company of Colorado, and FirstBank Holding Company, both of Lakewood, Colorado, for approval t o acquire 100 percent of the voting shares of FirstBank of S i lve r thorne , N.A., Si 1verthorne, Colorado and FirstBank of Wadsworth/ Coal Mine, N.A., J e f f e r son County, Colorado, two proposed new banks. ]_/

United Banks of Colorado, I n c . , Denver, Colorado, for approval to acquire 100 percent of the voting shares of United Bank of Fort Col l ins - South, N.A., Fort Co l l i n s , Colorado, a proposed new bank. V

United Banks of Colorado, I n c . , Denver, Colorado, fo r approval to acquire 100 percent of the voting shares of United Bank of Academy Place, N.A., Colorado Springs, Colorado, a proposed new bank. J_/

* * * * *

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

Approved New York Midlantic Banks, I n c . , Edison, New Je r sey , for

approval t o merge with Greater Jersey Bancorp, West Paterson, New Jersey and i n d i r e c t l y acquire New Jersey Bank, N.A., West Paterson, New J e r s e y .

Kansas City Ameribanc, I n c . , S t . Joseph, Missouri , fo r approval to acquire 100 percent of the voting shares of Manufacturers Bancorp, I n c . , S t . Louis, Missouri and i n d i r e c t l y Manufacturers Bank & Trust Company of S t . Louis, S t . Louis, Missouri and F i r s t National Bank of Franklin Ci ty , Union, Missouri , ]_/

1/ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y .

I


H.2, 1983 No, 6 -


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

Kansas City

New York

Cleveland

Returned Missouri Banc-Management, I nc . , Kansas Ci ty , Missouri ,

n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( fu rn i sh ing general economic information and advice , general economic s t a t i s t i c a l fo recas t ing serv ices and indust ry s tud ies fo r i t s a f f i l i a t e s , Missouri Valley Bancshares, Taney County Bancorporation, Ci t izens Bank, Ava, Missouri and Security Bank & Trust Company of Branson, Missouri; a l l of the above a c t i v i t i e s would be conducted in the Sta te of Missouri) (7/8/83) 3/

Approved Midlantic Banks, I n c . , Edison, New Je r sey , for

approval to acquire Greater Jersey Mortgage Company, West Paterson, New Je r sey .

Mellon National Corporat ion, P i t t sbu rgh , Pennsylvania, for approval to acquire Globe Indus t r ia l Bank, Boulder, Colorado and Centaur Indus t r ia l Bank, La faye t t e , Colorado, engaging in the general business a c t i v i t i e s of i ndus t r i a l banks, including making consumer and commercial loans and accepting time and savings depos i t s from consumers and small bus inesses .

Cleveland

Kansas City

Kansas City

Dal las

Toledo Trus tcorp , I n c . , Toledo, Ohio, f o r approval to engage in community development p ro jec t s through a de novo subsidiary to be known as Seagate Community Development Corporation, Toledo, Ohio.

City National Bancshares, I n c . , Greeley, Nebraska, fo r approval to acquire the a s se t s of McQuillan Insurance Agency, Greeley, Nebraska.

United Banks of Colorado, I n c . , Denver, Colorado, fo r approval to expand the c r e d i t re la ted insurance a c t i v i t i e s of i t s subs id i a ry , Lincoln Agency.

F i r s t Universi ty Corporat ion, Houston, Texas, f o r approval t o acquire F i r s t University Service Corporat ion, Houston, Texas, a company tha t would engage in t r u s t a c t i v i t i e s , including those of a f i duc ia ry n a t u r e . 1/

] 7 Applicat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .

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


H.2, 1983 No. 27 - 9 -


Permitted New York Barclays Bank PLC and Barclays Bank In ternat ional

Limited, both of London, England, request permission to r e l o c a t e an o f f i c e engaging in the following a c t i v i t i e s ( the operat ion of a consumer f inance business and the s a l e as agent of re la ted c r ed i t l i f e and c r e d i t accident and heal th insurance , including (A) d i r e c t ins ta l lment loans to indiv iduals and the purchase of r e t a i l ins ta l lment notes [ s a l e s f i n a n c e ] , such as loans made to ind iv idua ls for pe r sona l , family or household purposes, including loans secured by real e s t a t e and the purchase on a discounted bas is of con t rac t s and re la ted secur i ty agreements a r i s i n g p r i n c i p a l l y from the sa le by dea le r s of t i t l e d goods [ including automobiles, mobile homes, t rave l t r a i l e r s and campers, and boat and marine equipment] and household goods [ inc luding f u r n i t u r e , t e l e v i s i o n se t s and appl iances] and re la ted wholesale f inancing cons is t ing of f inancing d e a l e r s ' inven tor ies of automobiles, mobile homes and other c h a t t e l s , and (B) at the e lec t ion of the borrowers from the respec t ive consumer f inance s u b s i d i a r i e s , sa le of c r e d i t r e la ted insurance, including decreasing term c r e d i t l i f e insurance and c r e d i t accident and heal th insurance) from 4141 S. Salina S t r e e t , Syracuse, New York t o 801 Jones S t r e e t , Syracuse, New York, through the ir subsidiar ies , BarclaysAmericanFinancial, Inc. and Bare!aysAmerican/Retail Serv ices , Inc. (7/7/83) 3/

Phi ladelphia United National Bancorporation, Huntingdon, Pennsylvania, n o t i f i c a t i o n of i n t en t to engage in de novo a c t i v i t i e s (making or acqu i r ing , fo r i t s own account or for the account of o t h e r s , loans and other extensions of c r e d i t secured by a l ien on real e s t a t e in accordance with the Board's Regulation Y) at 501 Penn S t r e e t , Huntingdon, Pennsylvania; 16 West Shir ley S t r e e t , Mount Union, Pennsylvania; King S t r e e t , Petersburg, Pennsylvania; Ashman S t r e e t , Three Springs, Pennsyl-vania; 511 Pine Grove Road, S ta te College, Pennsylvania; 729 Main S t r e e t , Saxton, Pennsylvania; Route 22, Huntingdon, Pennsylvania; Route 75, Willow H i l l , Pennsylvania and 131 Second S t r e e t , Chambersburg, Pennsylvania, serving a l l of Pennsylvania, through i t s subs id i a ry , Unitas Mortgage Corporation (7/6/83) 3/



H.2, No. 27 - 1 0 -


Atlanta Barnett Banks of Florida, Inc . , Jacksonvil le , F lo r ida , n o t i f i c a t i o n of in ten t t o engage in de novo a c t i v i t i e s ( in offer ing from additional o f f i c e s , check v e r i f i c a t i o n s e r v i c e s , including author iz ing subscribing merchants to accept c e r t a i n personal purchase money checks and ob l iga t ing V e r i f i c a t i o n s , Inc. to purchase properly v e r i f i e d checks which are subsequently dishonored) in Fort Lauderdale, Flor ida and Chattanooga, Tennessee, as well as from e x i s t i n g o f f i c e s of V e r i f i c a t i o n s , Inc. in Florida and Tennessee and would be of fe red throughout the S ta tes of Florida and Tennessee, through i t s subsidiary, Veri f icat ions , Inc. (7/10/83) 3/

Atlanta First Railroad & Banking Company of Georgia, Augusta, Georgia, no t i f i ca t ion of in t en t to engage in de novo a c t i v i t i e s (in the leasing of business equipment and machines pr imari ly in amounts under $25,000.00 and will i n i t i a l l y s o l i c i t business through vendors, suppl ie r s and leasing brokers) located pr imar i ly in North and South Carol ina , through a newly formed subs id ia ry , Capitol Lease Plan Corp. (7/9/83) _3/

Dallas F i r s t Amarillo Bancorporation, I nc . , Amarillo, Texas, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( in making or acquiring loans and other extensions of credit such as would be made by a commercial f inanc ia l company, including d i r e c t loans to consumers for pur-chase of real property and commercial loans unsecured or secured by a borrower 's a s s e t s ; servic ing such loans for o t h e r s ; and making l eases of personal or real property in accordance with the Board's Regulation Y) these a c t i v i t i e s would be performed in the s t a t e of Texas (7/8/83) 3/

Dallas First City Financial Corporation, Albuquerque, New Mexico, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( in operat ing as an underwriter of c r ed i t l i f e insurance and c r e d i t accident and health insurance which i s d i r e c t l y re la ted to extensions of c r ed i t made by s u b s i d i a r i e s of F i r s t City Financial Corporation) a t 2155 Louisiana Boulevard, NE, Albuquerque, New Mexico, through i t s subs id ia ry , F i r s t City Life Company (7/9/83) 3/

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


H.2, 19F3 \u. (1 - I I -


Sam f r a n c i s c o

San Francisco

San Francisco

BankAmerica Corporation, San Francisco, California, 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 loans and other extensions of credit such as would be made or acquired by a finance company; and servicing loans and other extensions of credit ; no credi t -re lated insurance wil l be offered; such a c t i v i t i e s wil l include, but not be limited t o , making consumer installment loans and making loans and other extensions of credit of a commercial nature to businesses; such loans may be unsecured or secured by personal assets and residential and commercial real es tate ) in Irving, Texas, serving al l f i f t y s tates and the Distr ict of Columbia, through i t s indirect subsidiary, BA Business Credit Corporation (a Delaware corporation) (7/5/83) 3/

BankAmerica Corporation, San Francisco, California, 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 the a c t i v i t i e s of secur i t i e s brokerage, consist ing principally of buying and s e l l i n g secur i t i e s so le ly upon the order and for the account of customers, and of extending margin credit in conformity with Regulation T) at 12 Route 17 North, Suite 109, Paramus, New Jersey and 523 4th Street , San Rafael, California, serving a l l f i f t y States and the Distr ict of Columbia, through i t s indirect subsidiary, Charles Schwab 4 Co., Inc. (7/9/83) 3/

Central Paci f ic Corporation, Bakersfield, California, not i f i ca t ion of intent to engage in de novo a c t i v i t i e s ( in commercial finance a c t i v i t i e s , including the extension of secured and unsecured construction loans, working capital loans, and project loans in connection with real property development) at 5055 California Avenue, Suite 101, Bakersfield, California, serving the s tates of California, Oregon, Washington, Idaho, Nevada, Arizona, Utah, Colorado, Wyoming, New Mexico, and Texas, through i t s subsidiary, CPC Financial Corporation (7/9/83) 3/

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


H.2, 1983 No. 27 - 1 2 -


San Franci sco

San Francisco

F i r s t I n t e r s t a t e Bancorp, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s (in mortgage company a c t i v i t i e s to the extent of ( i ) making or acquir ing real e s t a t e or cons t ruc t ion loans fo r i t s own account or fo r the account of o the r s ; ( i i ) s e l l i n g or servic ing real e s t a t e or cons t ruc t ion loans fo r i t s own account or fo r the accounts of o the r s ; ( i i i ) performing appra i sa l s of real e s t a t e ; ( iv) conducting such r e l a t ed a c t i v i t i e s as are inc identa l to the mort-gage banking bus iness ; and (v) act ing as insurance agent or broker as permitted by subsection (A) of Section 601 of the Garn-St. Germain Depository I n s t i t u t i o n s Act of 1982 with respect to (a) c red i t l i f e and c r e d i t accident and heal th insurance and (b) mortgage d i s a b i l i t y and mortgage redemption insurance d i r e c t l y r e l a t ed to extensions of c r e d i t or the provision of other f inanc ia l services by F i r s t I n t e r s t a t e Bancorp or i t s subs id i a r i e s ) at 3100 Arapahoe Road, Sui te 500, Boulder, Colorado, 4251 Kipl ing, Wheatridge, Colorado and 14001 East I I i f f , Aurora, Colorado, serving Colorado; and 3001 Henderson Drive, Cheyenne, Wyoming, serving Wyoming, through i t s subs id i a ry , F i r s t I n t e r s t a t e Real Es ta te Services Company, Inc. (7/9/83) 3/

Securi ty Pac i f i c Corporat ion, Los Angeles, Cal i -f o r n i a , n o t i f i c a t i o n of i n t en t to engage in de novo a c t i v i t i e s (in the o r ig ina t ion and acquis i t ion of mortgage loans , including development and cons t ruc t ion loans on mul t i - fami ly and commercial p rope r t i e s fo r Securi ty Pac i f i c Mortgage Corpora-t i o n ' s own account or fo r sa le to o the r s ; and the servic ing of such loans fo r o thers ) at 4685 MacArthur Court, Sui te 230, Newport Beach, Cali-f o r n i a , serving the S ta te of C a l i f o r n i a , through i t s s u b s i d i a r y , Securi ty P a c i f i c Mortgage Corpora-t ion (7/8/83) 3/



H.2, 1983 No. 27 - 13 -

APPLICATIONS RECEIVED

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

New York Central Trust Company, Rochester, New York. To relocate a branch o f f i c e located at 2199 East Henrietta Road, Rochester, New York to 3400 West Henrietta Road, Rochester, New York. 2/

New Yoek Central Trust Company, Rochester, New York. To es tabl i sh three o f f s i t e e lectronic f a c i l i t i e s at the following locations: 2503 Browncroft Blvd., (unincorporated area) Town of Penfield, County of Monroe, New York; Geddes Street Extension, Public Square, Village of Hoi l ey , Orleans Coaunty, New York; 406 Hamlin-Clarkson Townline Road, Town of Hamlin, County of Monroe, New York. 2J

* * * * *

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

Capital City Bank Group, Inc . , Tallahassee, Florida, for approval to acquire 100 percent of the voting shares of Capital City First National Bank, Capital City Second National Bank, Industrial National Bank, al l of Tallahassee, Florida, Havana State Bank, Havana, Florida and First National Bank of Jefferson County, Monticello, Florida. 2/

First Forest Corporation, Forest, Miss iss ippi , for approval to acquire at least 80 percent of the voting shares of Bank of Forest, Forest, Miss iss ippi . 2/

Banc of Reynolds, Reynolds, Indiana, for approval to acquire 100 percent of the voting shares of Bank of Reynolds, Reynolds, Indiana. 2/

GN Bancorp, Inc. , Chicago, I l l i n o i s , for approval to acquire at least 80 percent or more of the voting shares of Gladstone-Norwood Trust & Savings Bank, Chicago, I l l i n o i s . 2/

Atlanta

Atlanta

Chicago

Chicago

27 Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1983 NO. 27 - 14 -

APPLICATIONS RECEIVED - Continued

Chicago

Chicago

Chicago

St . Louis

Kansas City

Kansas City

San Francisco

ISB Financial Corp., Iowa City, Iowa, for approval to acquire 100 percent of the voting shares of the successor by merger to Iowa State Bank and Trust Co., Iowa City, Iowa. 7J

Security Chicago Corp., Chicago, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to First Security Bank of Chicago, Chicago, I l l i n o i s . 2/

Wauwatosa Bancorp, Inc . , Wauwatosa, Wisconsin, for approval to acquire 80 percent or more of the voting shares of Wauwatosa State Bank, Wauwatosa, Wisconsin. 2/

Clarendon Holding Co., Clarendon, Arkansas, for approval to acquire at least 80 percent of the voting shares of The Merchants & Planters Bank, Clarendon, Arkansas. 2f

MetroBancshares, Inc . , Oklahoma City, Oklahoma, for approval to acquire at l eas t 80 percent of the voting shares of MetroBank, National Association, Oklahoma City, Oklahoma. If

NKC Bankshares, Inc . , North Kansas City, Missouri, for approval to acquire 98.36 percent of the voting shares of North Kansas City State Bank, North Kansas City , Missouri. 2/

North Paci f ic Bancorporation, Tacoma, Washington, for approval to acquire 93 percent of the voting shares of North Paci f ic Bank, Tacoma, Washington. 2/

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

New York North Fork Bancorporation, Inc . , Mattituck, New York, for approval to acquire 13.97 percent of the voting shares of The Bridgehampton National Bank, Bridgehampton, New York. 2/

J7 Application subject to Community Reinvestment Act. The Community Affairs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1983 No. 27 - 15 -


Chicago VAN BUREN BANCORPORATION, Keosauqua, Iowa, for approval to acquire at least 86.4 percent or more of State Savings Bank, Cantril , Iowa. 2/

Dallas Baylor Banchsares, Inc. , Seymour, Texas, for approval to acquire at least 81.29 percent of the voting shares of Matador Bancshares, Inc. , Matador, Texas and indirect ly The First State Bank, Matador, Texas. ?/

Dallas Commerce Financial Corporation, Fort Worth, Texas, for approval to acquire 100 percent of the voting shares of Bank of Commerce-Fossil Creek, Fort Worth, Texas, a proposed new bank. 2/

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

New York Chemical New York Corporation, New York, New York, requests permission to es tabl i sh a de novo o f f i c e engaging in the following a c t i v i t i e s (offer ing port fo l io investment advice to individuals , corporations, governmental e n t i t i e s and other in s t i tu t ions on both a discretionary and non-discretionary basis) at 30 Rockefeller P laza , New York, New York, through i t s subsidiary, Favia, Hill & Associates , Inc. (7/8/83)

New York Chemical New York Corporation, New York, New York, requests permission to es tabl i sh a de novo o f f i c e engaging in the following a c t i v i t i e s (offering por t fo l io investment advice to individuals , corporations, governmental e n t i t i e s and other ins t i tu t ions on both a discretionary and non-discretionary basis) at 30 Rockefeller Plaza, New York, New York, through i t s subsidiary, The Investment Group, Inc. (7/8/83)

27 Application subject to Community Reinvestment Act. The Community ~ Affairs Off icer of the applicable Reserve Bank may be contacted

as to the length of the comment period.


H.2, 19BJ \ o . 27 » 16 -


new York F i r s t National S ta te Bancorporation, Newark, New J e r s e y , fo r approval to e s t a b l i s h a de novo subs id i a ry , F i r s t National Sta te Brokerage Serv ices , Inc. , Newark, New Jersey and engage in r e t a i l s e c u r i t i e s brokerage a c t i v i t i e s .

New York Manufacturers Hanover Corporation, New York, New York, requests permission to re loca te an o f f i c e engaging in the following a c t i v i t i e s (consumer f i nance , s a l e s f inance , and home equity lending a c t i v i t i e s and in the sa le of c r ed i t l i f e , c r ed i t accident and hea l t h , and c r e d i t property insurance) from 2607 Westmore Avenue, Evere t t , Washington to 4100 200th SW, Lynwood, Washington, through i t s subs id i a ry , Finance One of Washington, Inc. (7/8/83)

New York Midlantic Banks Inc . , Edison, New Je r sey , fo r approval to acquire 100 percent of the voting shares of Colonial Mortgage Corp. , Melv i l l e , New York, and thereby to engage in c e r t a in nonbanking a c t i v i t i e s .

Cleveland Mellon National Corporat ion, P i t t sburgh , Pennsylvania, n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s ( the making, acquir ing and servic ing of loans and other extensions of c r e d i t , e i t h e r secured or unsecured, fo r i t s own account or fo r the account of others including, but not l imited t o , loans and other extensions of c r e d i t secured by mortgages or deeds of t r u s t on real property; commercial lending including accounts receivable and inventory f inancing; leas ing personal or real p roper ty , or act ing as agent , broker or advisor in leas ing such property and servic ing such l e a s e s , sub jec t to a l l the q u a l i f i c a t i o n s s p e c i f i c in Section 225.4(a)(6) of Regulation Y; and ac t ing as agent fo r the sa le of re la ted c r e d i t l i f e , credit accident and heal th insurance in connection with extensions of c r e d i t by any of a p p l i c a n t ' s s u b s i d i a r i e s ) a t 6520 Powers Ferry Road, Suite 200, At lan ta , Georgia, through i t s subs id i a ry , Mellon Financial Services Corporation (7/5/83)


H.2, T983No. 27 - T 7 -


Richmond Union Trust Bancorp, Balt imore, Maryland, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making ins ta l lment loans to ind iv idua ls f o r personal , family or household purposes; purchasing sa les f inance con t r ac t s executed in connection with the sa l e of persona l , family or household goods or s e r v i c e s ; ac t ing as agent in t h e sa l e of c r ed i t l i f e and c r e d i t accident and heal th insurance d i r e c t l y r e l a t ed to i t s extensions of c r e d i t ; ac t ing as agent in the sa l e of insurance pro tec t ing c o l l a t e r a l held aga ins t the extensions of c r e d i t ; and making mortgage loans secured in whole or in par t by mortgages or other l i ens in real e s t a t e ) a t 3931 Western Avenue, Knoxville, Tennessee, through i t s subs id ia ry , Landmark Financial Services of Tennessee (7/8/83)

Atlanta F i r s t National Corporat ion, Covington, Louisiana, for approval to engage in various data processing a c t i v i t i e s .

F i r s t Wisconsin Corporat ion, Milwaukee, Wisconsin, n o t i f i c a t i o n of in t en t to engage in de novo a c t i v i t i e s ( in mortgage lending and c r e d i t insurance a c t i v i t i e s ) a t 1 South Pinckney S t r e e t , Madison, Wisconsin, these a c t i v i t i e s would be performed in the s t a t e of Wisconsin, through i t s subs id i a ry , RB Serv ices , Inc. (7/8/83)

Clarendon Holding Co., Clarendon, Arkansas, fo r approval to engage de novo in real e s t a t e appra i s ing .

Kansas City F i r s t Oklahoma Bancorporation, I n c . , Oklahoma Ci ty , Oklahoma, n o t i f i c a t i o n of i n t en t to engage in de novo a c t i v i t i e s ( in providing data processing and data t ransmiss ions s e r v i c e s , data bases or f a c i l i t i e s and e l e c t r o n i c funds t r a n s f e r systems and access to such s e r v i c e s , f a c i l i t i e s , data bases or systems by any technologica l ly f e a s i b l e means f o r the in te rna l operat ions of the a p p l i c a n t , i t s s u b s i d i a r i e s and other customers; these se rv ices and a c t i v i t i e s would be performed in the s t a t e s of Oklahoma, Kansas, Colorado, New Mexico, Texas, Arkansas, Missouri and Louisiana) through i t s subs id ia ry , F i r s t Data Management Company, Inc. (7/6/83)

Chicago

S t . Louis


H.2, 1983 No. 27 - 18 -


San Francisco

San Francisco

Security Pacif ic Corporation, Los Angeles, California, 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 making or acquiring, for i t s own account or for the account of others, asset based business loans and other commercial or indus-tr ia l loans and extensions of cred i t , such as would be made by a factoring, rediscount or commercial finance company and engaging generally in the factoring business) in Irvine, Cal i fornia, serving the United States , through i t s subsidiary, Security Paci f ic Business Credit Inc. (7/6/83)

Valley National Corporation, Phoenix, Arizona, not i f i ca t ion of intent to engage in de novo a c t i v i t i e s ( to es tabl i sh de novo a consumer finance, sa les f inance, leasing finance and commercial finance company) in Dallas, Texas, through i t s subsidiary, Valley National Financial Services Company of Texas (7/6/83)

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.


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