h2_19820417.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1982 No. 16)

Actions of the Board; Applications and Reports

Received During the Week Ending Apri l 17, 1982

APPLICABLE RESERVE BANK ACTIONS OF THE BOARD

Annual report of the Board of Governors for 1981 to the Congress.

Proposals to make determinations with respect to the relat ionship to the Truth in Lending Act of the consumer credi t protection laws of six States; the Board requested comment by June 15, 1982. (Docket No. R-0394)

Amendment to rescind the authori ty delegated to the Director of the Division of Consumer and Community Af fa i rs to grant state exemptions from the requirements of the Truth in Lend-ing Act and the Electronic Fund Transfer Act, e f fect ive Apr i l 19, 1982.

Delegation of Authority to James V. Matt ingly, Associate General Counsel, to administer oaths and af f i rmat ions, to make depositions, and to issue subpoenas in connection with an informal meeting requested by the Legal Division concern-ing a Merger and Stock Restructuring Agreement between Chemical New York Corporation and Florida National Banks of Flor ida, Inc.

Temporary suspension of the Regulation Q penalty for the with-drawal of time deposits pr ior to maturity from member banks for depositors affected by severe storms and flooding in designated areas of Ohio; for depositors affected by severe storms and flooding in the Michigan counties of Berrien and Monroe; and for depositors affected by severe storms and tornadoes in Lamar County, Texas.

Philadelphia Central Counties Bancorp, State College, Pennsylvania, exten-sion of time to August 18, 1982, within which to become a bank holding company through the acquisi t ion of Central Counties Bank, State College, Pennsylvania. ]_/

1/ 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. 16 - 2

ACTIONS OF THE BOARD-Continued

Kansas City Citizens National Bancshares, Inc . , Oklahoma Ci ty , Oklahoma, extension of time to Apri l 30, 1982, wi th in which to con-summate the acquisi t ion of Citizens National Bank 8 Trust Co., Oklahoma Ci ty , Oklahoma. ]J

Atlanta ComBanks Corporation, Winter Park, Flor ida, extension of time to July 22, 1982, wi thin which to acquire 51.1 percent of Great American Banks, Inc . , North Miami, Florida. V

Chicago Commercial National Corporation, Peoria, I l l i n o i s , extension of time to July 20, 1982, wi th in which to acquire 100 per-cent of the voting shares of the successor by merger to University National Bank in Peoria, Peoria, I l l i n o i s . J /

Chicago Commercial National Corporation, Peoria, I l l i n o i s , exten-sion of time to July 20, 1982, wi th in which to acquire 100 percent of the voting shares of the successor by merger to Prospect National Bank of Peoria, Peoria, I l l i n o i s . V

Minneapolis Farmers Investment Company, Inc . , Eyota, Minnesota, exten-sion of time to July 16, 1982, within which to consummate the acquisi t ion of : (1) F i rs t Dover Investment Company, Elgin; (2) F i rs t State Bank of Dover, Dover; (3) Elgin Investment Company, Elgin; (4) Elgin-Mi 1 lv i1 le State Bank, Elgin; and (5) Elgin Financial Services, Elgin, Minnesota. ]_/

Atlanta Great American Bancorp, Inc . , North Miami, Flor ida, exten-sion of time to July 22, 1982, within which to consummate the acquisi t ion of ComBanks Corporation, Winter Park, Florida and Great American Banks, Inc . , North Miami, Flor ida. \J

Chicago Greenview Banc Shares, Inc . , Greenview, I l l i n o i s , extension of time to July 12, 1982, wi th in 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 Green-view Community Bank, Greenview, I l l i n o i s . _]_/

Atlanta Merchants Capital Corporation, Vicksburg, Mississippi , exten-sion of time to July 23, 1982, wi thin which to become a bank holding company through the acquisi t ion of Merchants National Bank, Vicksburg, Mississippi. \J

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


H.2, 1982 No. 16 - 3


Chicago NORTHWEST FUNDING, INC., Rockford, I l l i n o i s , extension of time to Hay 18, 1982, within which to become a bank holding com-pany through the acquisi t ion of 100 percent of the voting shares of Northwest Bank of Rockford, Rockford, I l l i n o i s . ]_/

San RCB Corporation, Sacramento, Cal i forn ia , extension of time Francisco to July 25, 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. i /

Chicago Central State Bank, Connersvil le, Indiana, an investment in bank premises. J /

St. Louis Citizens Bank, Batesv i l le , Arkansas, an additional investment in bank premises, j y

San Continental Bank and Trust Company, Salt Lake Ci ty , Utah, ex-Francisco tension of time to May 2, 1983, within which to establish

a branch o f f i ce to be located at 9000 South 1700 West, West Lake C i ty , Utah. J /

San F i rs t Interstate Bank of Ca l i fo rn ia , Los Angeles, Cal i forn ia , Francisco extension of time to October 17, 1982, within which to

establish a branch o f f i ce in the v i c i n i t y of the in te r -section of Shaw and Marks Avenues, Fresno, Cal i forn ia. J /

Atlanta At lant ic Bank and Trust Company, Savannah, Georgia, proposed merger with ABT Interim Corporation, Savannah, Georgia; report to the Federal Deposit Insurance Corporation on competitive factors. \J

Chicago Central National Bank in Chicago, Chicago, I l l i n o i s , proposed merger with Exchange National Bank of Chicago, Chicago, I l l i n o i s , under the charter of Central National Bank in Chicago, and t i t l e of Exchange National Bank of Chicago; report to the Comptroller of the Currency on competitive factors. \J

Philadelphia Cheltenham Bank, Cheltenham, Pennsylvania, proposed merger with New Cheltenham Bank under the charter of the l a t t e r and the t i t l e of the former; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

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


H.2. 1982 No. 16 4 -


Philadelphia Dauphin Deposit Bank and Trust Company, Harrisburg, Penn-sylvania, proposed merger with Southern Pennsylvania Bank, York, Pennsylvania and the Peoples National Bank of Shippens-burg, Shippensburg, Pennsylvania, under the t i t l e and charter of Dauphin Deposit Trust Company; report to the Federal Deposit Insurance Corporation on competitive factors. V

Atlanta E l l i s National Bank of Pinellas County, St. Petersburg, F lor ida, proposed merger with E l l i s National Bank of Clearwater, Clearwater, Flor ida; report to the Comptroller of the Currency on competitive factors. J /

Richmond Farmers Bank, National Association, Annapolis, Maryland, a proposed new bank, proposed merger with Farmers National Bank of Maryland, Annapolis, Maryland; report to the Comptroller of the Currency on competitive factors. ]_/

At lanta F i rs t National Bank of Birmingham, Birmingham, Alabama, pro-posed merger with Citizens Bank & Trust Company, Alabaster, Alabama; report to the Comptroller of the Currency on competitive factors. V

Atlanta F i rs t National Bank of Venice, Venice, Flor ida, proposed merger with Interim F i rs t National Bank of Venice, Venice, Flor ida; report to the Comptroller of the Currency on competitive factors. 1/

Philadelphia F i rs t National State Bank of West Jersey, Burl ington, New Jersey, proposal to acquire the Del ran o f f i ce of the Bank of New Jersey, Camden, New Jersey; report to the Comptroller of the Currency on competitive factors. J /

Philadelphia Frankford Trust Company, Philadelphia, Pennsylvania, pro-posed merger with New Frankford Trust Company under the charter of the l a t t e r and the t i t l e of the former; report to the Federal Deposit Insurance Corporation on competitive factors. J /

Atlanta Merchants National Bank, Vicksburg, Mississippi , proposed merger with Bank of Utica Branch of Great Southern National Bank, Jackson, Mississippi ; report to the Comptroller of the Currency on competitive factors. J /

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


H.2, 1982 No. 16 - 5 -


Chicago Midarnerica Bank and Trust Company of Alton, Alton, I l l i n o i s , proposed merger with Maba Bank, Alton, I l l i n o i s ; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

St. Louis

Boston

San Francisco

Midamerica Bank and Trust Company of Edgemont, East St. Louis, I l l i n o i s , proposed merger with Mabe Bank, East St. Louis, I l l i n o i s ; report to the Federal Deposit Insurance Corpora-t ion on competitive factors. V

Newbank Guaranty Savings Bank, Portsmouth, New Hampshire, proposed merger with Portsmouth Trust, Portsmouth, New Hampshire; report to the Federal Deposit Insurance Cor-poration on competitive factors. J /

North County Merger Corporation, Escondido, Cal i forn ia , pro-posed merger with North County Bank, Escondido, Cal i forn ia, 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 factors. 1/

Richmond United Bank and Trust Company of Maryland, Oxon H i l l , Maryland, proposed merger with Oxon H i l l Bank and Trust Company, Oxon H i l l , Maryland, a proposed new bank; report to the Federal Deposit Insurance Corporation on competitive factors. J_/

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


H.2, 1982 No. 16

Chicago

St. Louis

St. Louis

- 6 -


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

Approved Third Bank of Dixon, Dixon, I l l i n o i s . V

Scottsburg Bank, Scottsburg, Indiana. ]_(

Indiana Sointerim Bank, Selersburg, Indiana. 1/

* * * * *

Cleveland

Richmond

San Francisco

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

Approved Chippewa Valley Bank, Rittman, Ohio. To establish a branch

at Lot #1, Kauffman Avenue, Ster l ing, Wayne County, Ohio. 1/

The Bluev i l le Bank of Grafton, Grafton, West V i rg in ia , establish an off-premises f a c i l i t y in Grafton, West V i rg in ia . 1/

To

F i rs t Interstate Bank of Ca l i fo rn ia , Los Angeles, Cal i forn ia. To establish a branch o f f i ce in the v i c i n i t y of the in te r -section of Hawthorne Boulevard and Skypark Drive, City of Torrance, Los Angeles, Cal i forn ia. J /

* * * * *

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

Approved Chicago City Bank and Trust Company, Dixon, I l l i n o i s , to merge with

Third Bank of Dixon, Dixon, I l l i n o i s . JJ

St. Louis The Scott County State Bank, Scottsburg, Indiana, to merge with Scottsburg Bank, Scottsburg, Indiana. ] /

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

I


H.2, 1982 No. 16 7 -


St. Louis Indiana Sointerim Bank, Sel lersburg, Indiana, to merge with Indiana Southern Bank of Sel lersburg, Sel lersburg, Indiana. ]_/

* * * * *

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

Not Disapproved St. Louis F i rs t Arkansas Bancshares, I nc . , Jacksonvi l le , Arkansas. ]_/

Kansas City Alfalfa County Bancshares, Inc . , Cherokee, Oklahoma. ]_/

Kansas City F i rs t of Oswego Financial Corp., Oswego, Kansas. ]_/

* * * * *

Atlanta

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

Approved Pan American Bank N.A., Miami, F lor ida: grants consent to

establ ish a branch in Grand Cayman, Cayman Islands, B r i t i sh West Indies.

* * * * *

Minneapolis

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

Approved Northwest Internat ional Bank, Minneapolis, Minnesota: grants

consent to establ ish and operate a branch in Miami, F lor ida.

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


H.2, 1982 No. 16 - 8 -

ACTIONS OF THE BOARP-Continued

Appl icat ions and Not i f i ca t ions for Internat ional Invest-ments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

Sixty Day No t i f i ca t i on Period Allowed to Expire San Bank of America NT & SA, San Francisco, Ca l i fo rn ia : no Francisco object ion to make an addi t ional investment in Savannah

Sank of Nigeria Ltd. , Lagos, Niger ia.

* * * * *

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

Approved New York Je f f e r sonv i l l e Bancorp, Je f f e r sonv i l i e , New York, fo r ap-

proval to acquire at least 80 percent of the voting shares of The F i r s t National Bank of Je f fe rsonv i l l e , Jeffersonvi1le, New York. V

New York Letchworth Independent Bancshares Corporation, Cast i le , New York, f o r approval to acquire 81 percent of voting shares of The Bank of Cast i le , Cas t i le , New York. ] /

Cleveland F i rs t Ashland Corporation, Ashland, Kentucky, for approval to acquire 100 percent of the vot ing shares (less d i -rectors' qualifying shares) of F i r s t Bank and Trust Company of Ashland, Ashland, Kentucky. J /

Richmond Security National Corporation, Washington, D.C., fo r ap-proval to acquire 100 percent of the voting shares of Security Bank, National Associat ion, Washington, D.C., the successor by merger to Security National Bank, Washington, D.C. J /

Atlanta Central Capital Corporation, Morton, Miss iss ipp i , for ap-proval to acquire at least 80 percent of the voting shares o f Ci t izens Bank & Trust Company, Morton, Mississippi. 1/

17 SpplicatiorTprocessed on behalf of the Board of Governors under delegated authority.


H.?. 1982 No. 16

ACTIONS Of THE FOARD-Continued

Atlanta F i rs t Nat1on.il Bancorp ui Rutherford County. Inc . , Smyrna, Tennessee, for approval to acquire at least 80 percent of the voting shares of The F i rs t National Bank of Rutherford County, Smyrna, Tennessee. J /

Atlanta F i rs t National Corporation of Picayune, Picayune, Mississ ippi , for approval to acquire at least 80 per-cent of the voting shares of F i rs t National Bank of Picayune, Picayune, Mississippi . J /

Chicagv Calumet City Bancorp, Inc . , Calumet C i ty , I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i rec tors ' qual i fy ing shares) of the successor by merger to F i r s t State Bank of Calumet Ci ty , Calumet C i ty , 11l inois. J /

Chicago CITBA FINANCIAL CORPORATION, Mooresvil le, Indiana, for ap-proval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of the successor by merger to Citizens Bank, Mooresvil le, Indiana. \J

Chicago F i rs t City Bancshares, Inc . , Dixon, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i -rectors ' qua l i fy ing shares) of the successor by merger to City Bank and Trust Company in Dixon, Dixon, I l l i n o i s . 1/

Chicago F i rs t Indiana Bancorp, Elkhart , Indiana, for approval to acquire 100 percent of the voting shares of F i rs t National Bank, Elkhart , Indiana. J /

Chicago NBE Bancshares, Inc . , E a r l v l l l e , I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i rectors ' qua l i fy ing shares) of the successor by merger to National Bank of E a r l v i l i e , E a r l v i l l e , I l l i n o i s . J /

Chicago Salem Financial Corproation, Goshen, Indiana, for approval to acquire 100 percent of the voting shares (less d i -rectors ' qua l i f i ng shares) of the successor by merger to Salem Bank and Trust Company, Goshen, Indiana. J /

St. Louis American Bancshares of Arkansas, Inc . , Charleston, Arkansas, for approval to acquire at least 80 percent of the voting shares of American State Bank, Charleston, Arkansas. 1/

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


H.2, 1982 No. 16 10 -


St. Louis

St. Louis

St. Louis

St. Louis

St. Louis

St. Louis

Minneapolis

Minneapolis

Kansas City

Kansas City

The Bancshares, Inc . , Scottsburg, Indiana, for approval to acquire 100 percent of the voting shares (less di rectors ' qual i fy ing shares) of Scott County State Bank the successor by merger to Scottsburg Bank, Scottsburg, Indiana. J /

Caneyvi1le Bancshares, Inc. , Caneyvilie, Kentucky, for ap-proval to acquire at least 80 percent of the voting shares of Bank of Caneyvil ie, Caneyvilie, Kentucky. ]_/

F i rs t of Murphysboro Corp., Murphysboro, I l l i n o i s , for ap-proval to acquire at least 80 percent of the voting shares of The F i rs t Bank and Trust Company of Murphysboro, Murphysboro, I l l i n o i s . \J

Indiana Southern Financial Corp., Sellersburg, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to Indiana Southern Bank of Sellers-burg, Sellersburg, Indiana. ]_/

Mt. Vernon Bancorp., Inc . , Mt. Vernon, I l l i n o i s , for ap-proval to acquire at least 80 percent of the voting shares of F i rs t Bank and Trust Co., Mt. Vernon, I l l i n o i s . i /

Taylor County Bancshares, Inc. , Campbellsvi1le, Kentucky, for approval to acquire at least 80 percent of the voting shares of Taylor County Bank, Campbellsvi1le, Kentucky. \ f

Consolidated Holding Company, Oldham, South Dakota, for approval to acquire at least 80 percent of the voting shares of American State Bank, Oldham, South Dakota. ]_/

Financial Services of Lowry, Inc . , Lowry, Minnesota, for approval to acquire at least 82 percent of the voting shares of Lowry State Bank, Lowry, Minnesota. J /

Alden Bancshares, Inc . , AT den, Kansas, for approval to acquire at least 85 percent of the voting shares of The Alden State Bank, Alden, Kansas. ]_/

Carbondale Bancshares, Inc. , Carbondale, Kansas, for ap-proval to acquire at least 80 percent of the voting shares of State Bank of Carbondale, Carbondale, Kansas. 1/

]_/ Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 16 - 11 -


Kansas City Central Financial Corporation, Wichita, Kansas, for ap-proval to acquire at least 98.83 percent of the voting shares of Central Bank and Trust Company, Wichita, Kansas. 1/

Kansas City City Bancorp of Norman, Inc . , Norman, Oklahoma, for approval to acquire at least 80 percent of the voting shares of City National Bank and Trust Company, Norman, Oklahoma. J_/

Kansas City DeKalb County Bancshares, Inc . , Clarksdale, Missouri, for approval to acquire at least 80 percent of the voting shares of The Clarksdale Bank of Clarksdale, Missouri. J /

Kansas City Exchange Financial Corporation, Ardmore, Oklahoma, for ap-proval to acquire at least 80 percent of the voting shares of Exchange National Corporation, Ardmore, Oklahoma and ind i rec t l y 100 percent of the voting shares of The Exchange National Bank and Trust Company, Ardmore, Oklahoma. J /

Kansas City Hudson Bancshares, Inc . , Hudson, Kansas, for approval to acquire at least 80 percent of the voting shares of The Hudson State Bank, Hudson, Kansas. J /

Kansas City Kansas State Financial Corporation, Wichita, Kansas, for approval to acquire 99.64 percent of the voting shares of The Kansas State Bank and Trust Company, Wichita, Kansas. ]_/

Kansas City Longmont National Bancshares, Inc . , Longmont, Colorado, for approval to acquire 100 percent of the voting shares of Longmont National Bank, Longmont, Colorado. J /

Kansas City Mercantile Bancorp, Inc . , Moore, Oklahoma, for approval to acquire 100 percent of the voting shares of Mercantile Bank, National Association, Moore, Oklahoma. V

Kansas City Overbrook Bancshares, Inc . , Overbrook, Kansas, for approval to acquire at least 80 percent of the voting shares of F i rs t Security Bank, Overbrook, Kansas. J_/

Kansas City Peoples Bancorp, Inc. , Burl ington, Kansas, for approval to acquire at least 80 percent of the voting shares of The Fi rs t National Bank of Elk Ci ty , Elk Ci ty , Kansas. V

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


H.2, 1982 No. 16 12 -


Kansas City

Kansas City

Dal las

Da 11 as

Dal las

San Francisco

San Francisco

San Francisco

San Francisco

Rocky Financial Corporation, Rocky, Oklahoma, for approval to acquire 100 percent of the voting shares of The State Bank of Rocky, Rocky, Oklahoma. J_/

Satanta Bancshares, Inc . , Satanta, Kansas, for approval to acquire at least 80 percent of the voting shares of The State Bank of Satanta, Satanta, Kansas. V

Colonial Bancshares of Greenvil le, Inc . , Greenvil le, Texas, for approval to acquire at least 80 percent of the voting shares of Colonial Bank of Greenvil le, Greenvil le, Texas. ]_/

Delhi Bancshares, Inc . , Delhi, Louisiana, for approval to acquire at least 80 percent of the voting shares of Guaranty Bank and Trust Company of Delhi, Delhi, Louisiana. 1/

National Bancshares, Inc . , Clovis, New Mexico, for approval to acquire at least 80 percent of the voting shares of F i rs t National Bank of Clovis, Clovis, New Mexico. J /

Area Financial Corp., Redwood Ci ty , Cal i forn ia , for ap-proval to acquire 100 percent of the voting shares of Bay Area Bank, Redwood Ci ty , Cal i forn ia . J /

Canadian Imperial Holdings, Inc . , Wilmington, Delaware and Canadian Imperial Holding Company, Wilmington, Delaware, for approval to acquire 100 percent of the voting shares of Cal i fornia Canadian Bank, San Francisco, Cal i fornia and 99.99 percent of the Canadian Imperial Bank of Commerce Trust Company, New York, New York. J_/

Commercial Bancorp, Salem, Oregon, for approval to acquire 100 percent of the voting shares of The Commercial Bank, Salem, Oregon. V

Santa Barbara Bancorp, Santa Barbara, Cal i fo rn ia , for ap-proval to acquire^ 100 percent of the voting shares of Santa Barbara Bank and Trust Company, Santa Barbara, Cal i forn ia . J /

J / Appl icat ion processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 16 - 13 -


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

Approved Atlanta Peachtree Bancshares, Inc. , At lanta, Georgia, for approval

to acquire 100 percent of the voting shares of Bank of Woodstock, Woodstock, Georgia. J /

Chicago Continental I l l i n o i s Corporation, Chicago, I l l i n o i s , for approval to acquire 100 percent (less di rectors ' qua l i fy -ing shares) of the voting shares of Bank of Oakbrook Terrace, Oakbrook Terrace, I l l i n o i s . J /

Chicago Hawkeye Bancorporation, Des Moines, Iowa, for approval to acquire 100 percent of the voting shares of The F i rs t National Bank in Humboldt, Humboldt, Iowa. J /

Chicago NBD Bancorp, Inc . , Det ro i t , Michigan, for approval to acquire 100 percent of the voting shares of Northland State Bank, Kalkaska, Michigan, a proposed new bank.

Kansas City Kansas State Financial Corporation, Wichita, Kansas, for approval to acquire 100 percent of the voting shares of Central Financial Corporation and ind i rec t ly 24.9 percent of Central Bank and Trust, Wichita, Kansas. J /

Kansas Ci ty Rock Creek Bancshares, Inc . , Burl ington, Kansas, for ap-proval to acquire 100 percent of the voting shares of Peoples Bancorp, Inc . , Burl ington, Kansas. J_/

Dallas F i rs t Bancshares of Texas, Inc . , Longview, Texas, for ap-proval to acquire 100 percent of the voting shares of Bank of Tyler, National Association, Tyler, Texas. ]_/

Dallas I n t e r f i r s t Corporation (formerly F i rs t International Bancshares, I nc . ) , Dallas, Texas, for approval to acquire 100 percent of the voting shares of The Peoples National Bank of Tyler, Tyler, Texas. 1/

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


H.2, 1982 No. 16

New York

Richmond

St. Louis

St. Louis

San Francisco

San Francisco

Boston

- 14 -


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

Approved Letchworth Independent Bancshares Corporation, Cast i le,

New York, for approval to acquire the shares of Letch-worth Ag Credit Corporation, Cast i le, New York, a de novo subsidiary which w i l l engage in agr icul tural lending. J_/

Southern Bancorporation, Inc . , Greenvi l le, South Carolina, for approval to acquire the assets of Family Budget Finance of T i f ton , Inc . , T i f ton , Georgia. _}/

Caneyville Bancshares, Inc . , Caneyvil le, Kentucky, for approval to acquire 100 percent of the voting shares of Caneyville Insurance Agency, Inc . , Caneyville, Kentucky and thereby engage ind i rec t ly in certain insurance a c t i v i t i e s . \J

Taylor County Bancshares, Inc . , Campbellsvil le, Kentucky, for approval to engage in the sale of credi t insurance d i rec t l y related to extensions of credi t made by Taylor County Bank, Campbellsvilie, Kentucky through the acquisi t ion of Taylor County Insurance Agency, I nc . , Campbellsville, Kentucky. \J

Canadian Imperial Bank of Commerce, Toronto, Ontario, Canada, for approval to engage in leasing a c t i v i t i e s . J /

Canadian Imperial Holdings, Inc . , Wilmington, Delaware, for approval to engage in the leasing of real and per-sonal property through an indi rect subsidiary, Canadian Imperial Leasing Company, Chicago, I l l i n o i s to be held by a proposed subsidiary, Canadian Imperial Service Company, New York, New York. \J

Permitted Industr ia l National 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 es ( in commercial mortgage lending a c t i v i t i e s , including the or ig inat ion and purchase of commercial mortgage

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


H.2, 1982 No. 16 - 15 -


loans) at 1515 Industr ial Bank Bui lding, 55 Kennedy Plaza, Providence, Rhode Island, serving the State of Rhode Island, through i t s indirect subsidiary, Mortgage Associates, Inc. (4/1/82) 3/

New York Barclays Bank Limited, London, England, and Barclays Bank International Limited, London, England, requests permission to relocate an exist ing o f f i ce engaging the the fol lowing ac t i v i t i e s (making direct consumer loans, including loans secured by real estate, and purchasing sales finance contracts representing extensions of credi t such as would be made or acquired by a consumer finance company, and wholesale financing ( f loor planning); and acting as agent for the sale of related credi t l i f e , credi t accident and health and credi t property insurance; credit l i f e , credi t accident and health insurance sold as agent may be underwritten or reinsured by BarclaysAmerican Corporation1s insurance underwriting subsidiaries) from 118 East Third Street, Moscow, Idaho to 803 Main Street, Lewiston, Idaho, through the i r subsidiary, BarclaysAmerican/Financial, Inc. (4/16/82) 3/

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 e s (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 finance, equipment finance or factor ing company, including factor ing accounts receivable, making advances and over-advances on receivables 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 Regulation Y or acting as agent, broker or advisor in so leasing such property, including the leasing of motor vehicles; these ac t i v i t i es would be conducted from an o f f i ce in Holyoke, Massachusetts serving the States of Connecticut, Maine, New Hampshire, Rhode Island, Massachusetts and Vermont) at 489 Whitney Avenue, 3rd Floor, Holyoke, Massachusetts, through i t s subsidiary, Chase Commercial Corporation (4/13/82) 3/

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. 16 - 1 6 -


New York Chemical New York Corporation, New York, New York, requests permission to relocate an exist ing o f f i ce engaging in the fol lowing ac t i v i t i es (making direct loans, purchasing installment sales finance contracts, and making available to i t s debtors credi t related insurance, serving the c i ty of Beachwood and i t s environs) from 16717 Chagrin Boulevard, Shaker Heights, Ohio to 3681 Green Road, Beachwood, Ohio, through i t s subsidiary, Sunamerica Corporation (4/16/82) 3/

New York Ci t icorp , New York, New York, requests permission to expand the service area of an exist ing o f f i ce (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 capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; 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 credi t related property and casualty insurance protecting real and personal property subject to a security agreement with Cit icorp Person-to-Person Financial Center, Inc . , to the extent permissible under applicable State insurance laws and regulations; 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 expanded service area of the o f f i ce would be comprised of the ent i re States of New Mexico and Texas for a l l the aforementioned ac t i v i t i es with the exception of the sale of credi t related property and casualty insurance; 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 Ci t icorp Person-to-Person Financial Center, Inc.) at 109 E. Lohman Street, Las Cruces, New Mexico, through i t s subsidiary, Ci t icorp Person-to-Person Financial Center, Inc. (4/16/82) 3/

New York C i t icorp , New York, New York, requests permission to expand the service area of an exist ing o f f i ce (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 capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credit related l i f e and accident and health or decreasing or level

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. 16 - 17 -


( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of credit related property and casualty insurance protecting real and personal property subject to a security agreement with Ci t icorp Person-to-Person Financial Center, Inc . , to the extent permissible under applicable State insurance laws and regulations; 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 expanded service area for a l l previously approved a c t i v i t i e s , with the exception of the sale of credi t related property and casualty insurance, shall be comprised of the ent i re State of Cal i forn ia) at 119 North Central Avenue, Glendale, Ca l i fo rn ia , through i t s subsidiary, Ci t icorp Person-to-Person Financial Center, Inc. (4/16/82) 3/

New York C i t icorp , New York, New York, requests permission to es-tabl ish a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (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 capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; 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 issuing of t h r i f t ce r t i f i ca tes and t h r i f t passbook ce r t i f i ca tes ; 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, acquir ing, 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-resident ial real estate; and the sale of mortgage l i f e and mortgage loans; the service area of the subsidiary would be comprised of the ent i re State of Colorado; 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 Ci t icorp Person-to-Person Northglenn Industr ia l Bank) at 10661 Melody Drive, Denver, Colorado, through i t s subsidiary, Ci t icorp Person-to-Person Northglenn Industr ia l Bank (4/14/82) 3/

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. 16 - 1 8 -

ACTiONS OF THE BOARD-Continued

New York Ci t icorp, 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 (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 capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; 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 issuing of t h r i f t cer t i f i ca tes and t h r i f t passbook cer t i f i ca tes the sale of consumer oriented f inancial management courses; the servic ing, for any person, of loans and other extensions of c red i t ; the making, acquir ing, 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 residential 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 service area of the subsidiary would be comprised of the ent i re State of Colorado; credi t related l i f e , accident, and health in-surance may be wr i t ten by Family Guardian Li fe Insurance Company, an a f f i l i a t e of Ci t icorp Person-to-Person Colorado Springs Industr ial Bank) at 2010 North Academy Boulevard, Colorado Springs, Colorado, through i t s subsidiary, Ci t icorp Person-to-Person Colorado Springs Industr ia l Bank (4/14/82) 3/

New York C i t icorp , New York, New York, requests permission to es-tabl ish a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (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 f i n -ancing of inventory ( f loor planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; 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 issuing of t h r i f t cer t i f i ca tes and t h r i f t passbook ce r t i f i ca tes ; the sale of consumer oriented f inancia l 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 extensions of credi t to individuals secured by l iens on resident ial or non-residential real estate; and

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. 16 - 19 -


the sale of mortgage l i f e and mortgage disability insurance directly related to extensions of mortgage loans; the service area of the subsidiary would be comprised of the entire State of Colorado; credit related l i f e , accident, and health insurance may be written by Family Guardian Life Insurance Company, an af f i la te of Citicorp Person-to-Person Lakewood Industrial Bank) at Alameda Village Shopping Center, 7063 W. Alameda Street, Lakewood, Colorado, through its subsidiary, Citicorp Person-to-Person Lakewood Industrial Bank (4/14/82) 3/

New York Citicorp, New York, New York, requests permission to establish a de novo office engaging in the following activities (the making or acquiring of loans and other extensions of credit, secured or unsecured, for consumer and other purposes; the extension of credit, secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory (floor planning) and working capital purposes; the purchasing and servicing for its own account of sales finance contracts; the sale of credit 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 issuing of th r i f t certificates and th r i f t passbook certif icates; the sale of consumer oriented financial management courses; the ser-vicing for any person, of loans and other extensions of credit; the making, acquiring, and servicing, for its own account and for the account of others, of extensions of credit to individuals secured by liens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage disability insurance directly related to extensions of mortgage loans; the service area of the subsidiary would be comprised of the entire State of Colorado; credit related l i f e , accident, and health insurance may be written by Family Guardian Life Insurance Company, an a f f i l i a te of Citicorp Person-to-Person Denver Industrial Bank) at #1 Barclay Plaza, 1675 Larimer, Denver, Colorado, through its subsidiary, Citicorp Person-to-Person Denver Industrial Bank (4/14/82) 3/

New York Citicorp, New York, New York, requests permission to es-tablish a de novo office engaging in the following activities (the making or acquiring of loans and other extensions of credit, secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the

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


H.2, 1982 No. 16 - 2 0 -

ACTIONS OF THE BQARP-Continued

financing of inventory (floor planning) and working capital purposes; the purchasing and servicing for its own account of sales finance contracts; the sale of credit 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 issuing of th r i f t certificates and thr i f t passbook certificates; the sale of consumer oriented financial management courses; the servicing, for any person, of loans and other extensions of credit; the making, acquiring, and servicing, for its own account and for the account of others, of extensions of credit to individuals secured by liens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage disability insurance directly related to extensions of mortgage loans; the service area of the subsidiary would be comprised of the entire State of Colorado; credit related l i f e , accident, and health insurance may be written by Family Guardian Life Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Englewood Industrial Bank) at Cinderella City Shopping Center, 701 W. Hampden Avenue, Unit K-2819, Englewood, Colorado, through its subsidiary, Citicorp Person-to-Person Englewood Industrial Bank (4/14/82) 3/

New York Citicorp, New York, New York, requests permission to establish a de novo office engaging in the following activities (the making or acquiring of loans and other extensions of credit secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory (floor planning) and working capital purposes; the purchasing and servicing for i ts own account of sales finance contracts; the sale of credit 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 issuing of th r i f t certificates and th r i f t passbook cer t i f i -cates; the sale of consumer oriented financial management courses; the servicing, for any person, of loans and other extensions of credit; the making, acquiring, and servicing, for i ts own account and for the account of others, of ex-tensions of credit to individuals secured by liens on res-idential or non-residential real estate; and the sale of mortgage l i f e and mortgage disability insurance directly related to extensions of mortgage loans; the service area of the subsidiary would be comprised of the entire State

37 4(c)(8) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2, 1982 No. 16 - 21 -


of Colorado; credi t related l i f e , accident, and health in-surance may be wr i t ten by Family Guardian Li fe Insurance Company, an a f f i l i a t e of Ci t icorp Person-to-Person Aurora Industr ia l Bank) at 14109 E. Exposition, Aurora, Colorado, through i t s subsidiary, Ci t icorp Person-to-Person Aurora Industr ia l Bank (4/14/82) 3/

Philadelphia Northeastern Bancorp, Inc . , Scranton, Pennsylvania, n o t i f i -cation of intent to engage in de novo ac t i v i t i es (under-wr i t i ng , as reinsurer, credi t l i f e , credi t accident and health insurance) at 1421 East Thomas Road, Phoenix, Arizona, the geographic area to be served is north-eastern Pennsylvania, through i t s subsidiary, Norbanc L i fe Insurance Company (4/12/82) 3/

Cleveland Society Corporation, Cleveland, Ohio, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (providing management consulting advice, re la t ing to bank personnel operations, including salary administrat ion, t ra in ing and development, and EEO compliance, to non-a f f i l ia ted banks) at 126 Public Square, Cleveland, Ohio, serving Ohio, Indiana, Michigan, Pennsylvania, Kentucky and West Virg in ia (4/11/82) J3/

Richmond Southern Bancorporation, Inc . , Greenvil le, South Carolina, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (making extensions of credi t as a license consumer finance lender) at 603 North Saint Mary's Street, Suite 104, San Antonio, Texas, serving the c i t y of San Antonio and other parts of Bexar County, Texas, through i t s subsidiary, World Acceptance Corporation (4/16/82) 3/

Kansas City Commerce Financial Corporation, Topeka, Kansas, no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (acting as insurance agent or broker in the sale of cred i t - re la ted insurance) at 4900 West 29th Street, Topeka, Kansas, the geographic area to be served includes the County of Shawnee and surrounding counties, through i t s subsidiary, Comco Financial Service Centers, Inc. (4/16/82) 3/

San BankAmerica Corporation, San Francisco, Cal i forn ia , n o t i f i -Francisco cation of intent to engage in de novo ac t i v i t i es (making

or acquiring for i t s own account loans arid other exten-sions of credi t such as would be made or acquired by a

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


H.2, 1982 No. 16 - 22 -


finance company, servicing loans and other extensions of c red i t , and of fer ing credi t related l i f e insurance and credit related accident and health insurance; credit re-lated property insurance w i l l include, but not be l imited t o , making consumer installment loans; purchasing i n s t a l l -ment sales finance contracts; making loans and other exten-sions of credi t to small businesses; making loans secured by real and personal property; and of fer ing credit related l i f e and credi t related accident and health insurance d i rec t ly related to extensions of credit made or acquired by FinanceAmerica Corporation) at 150 Morris Avenue, Spring-f i e l d , Union County, New Jersey, serving the ent i re State of New Jersey, through i t s indirect subsidiary, Finance-America Corporation (a New Jersey Corporation) (4/9/82) 3/

San BankArnerica Corporation, San Francisco, Cal i forn ia , no t i f i ca t ion Francisco of intent to engage in de novo ac t i v i t i e s (making loans and

other extensions of credit and acquiring loans, part ic ipat ions in loans and other extensions of credi t such as would be made or acquired by a finance company; such ac t i v i t i es w i l l include, but not be l imi ted to , inventory and accounts receivable f inancing; equipment financing; insurance premium financing; making loans to non-aff i1iated finance and leasing companies secured by pledges of accounts receivable of such companies; making loans secured by real or personal property; and purchasing re ta i l installment sales contracts; In addit ion, BA Commercial Corporation proposes to engage in the ac t i v i t i es of servicing loans, part ic ipat ions of loans and other ex-tensions of credi t for i t s e l f and others in connection with extensions of credi t made or acquired by BA Commercial Corporation; credi t - re la ted insurance w i l l not be offered by BA Commercial Corporation in connection with i t s lending a c t i v i t i e s ) at 200 Building, The Ci ty , Orange, Cal i forn ia , serving a l l f i f t y States and the D i s t r i c t of Columbia, through i t s ind i rect subsidiary, BA Commercial Corporation (a Pennsylvania corporation) (4/12/82) 3/

San BSD Bancorp, Inc . , San Diego, Cal i forn ia , no t i f i ca t ion of intent Francisco to engage in de novo ac t i v i t i es (data processing and trans-

mission services; such ac t i v i t i es w i l l include, but not be l imited to , proof; data capture, balancing and transmission to an independent data processor; check f i l i n g , statement preparation and mail ing; and provisions of pick-up and

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


H.2, 1982 No. 16 - 2 3 -


del ivery of items processed to and from the client banks) in San Diego, Ca l i f o rn ia , serving the county of San Diego, Ca l i f o rn ia , through i t s subsidiary, BSD Datacorp, Inc. (a Cal i fo rn ia Corporation) (4/9/82) 3/

San Rainier Bancorporation, Seat t le , Washington, notification of Francisco intent to expand de novo a c t i v i t i e s (to expand the service area

of i t s San Diego, Cal i fo rn ia branch o f f i ce for all previously approved a c t i v i t i e s to include the entire States of Alaska, Washington, Oregon, Ca l i f o rn ia , Idaho, Nevada, Arizona, Montana, Colorado, Wyoming, New Mexico, Texas, Oklahoma, Nebraska, Kansas and Hawaii; and to open two de novo sales o f f i ces of the San Diego o f f i c e in Santa Ana, California and Phoenix, Arizona, to engage in the solicitation only of loans and the extensions of c r e d i t , personal property and equipment leases and cred i t related insurance within the scope of the a c t i v i t i e s previously approved for the San Diego o f f i c e and w i th in the expanded service area, the San Diego o f f i c e is engaged in the fo l lowing previously approved a c t i v i t i e s ; making or acquir ing, for i t s own account or for the account of others, loans and other extensions of credi t including the making of consumer instalment loans, purchasing consumer instalment sales finance contracts and making of loans to small businesses; leasing personal property and equipment, or act ing as agent, broker, or advisor in such leasing, where at the inception of the i n i t i a l lease the e f fec t of the transact ion (and, with respect to governmental e n t i t i e s on ly , reasonably ant ic ipated future transactions) w i l l y i e l d a return that w i l l compensate the lessor for not less than the lessor 's f u l l investment in the property plus the estimated to ta l cost of f inancing the property over the term of the lease, as authorized by the Federal Reserve Board under Section 225.4(a)(6)(a) of Regulation Y; act ing as in-surance agent or broker with regard to c red i t l i fe and dis-a b i l i t y insurance re la t i ng only to extensions of credi t by Rainer Credit Company, secured or unsecured, with the l im i t a t i on that the i n i t i a l amount of such insurance issued wi th respect to any debtors may at no time exceed the amount owed by debtors, and with regard to consumer cred i t related property and casualty insurance on personal property subject to secur i ty agreements wi th Rainier Credit Company) through i t s subsidiary, Rainier Credit Company (4/12/82) 3/

37 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated au thor i t y .


H.2, 19*2 No. 16 - 2 4 -


San SeafIrst Corporation, Seatt le, Washington, no t i f i ca t ion of intent Francisco to engage in de novo a c t i v i t i e s (making or acquiring loans and

other extensions of credi t including commercial loans secured by a borrower's Inventory, accounts receivable, capital equipment or other assets; servicing loans; and leasing personal property) at 5940 East 20th Street, Anchorage, Alaska, serving the State of Alaska and an o f f i ce in Minneapolis, Minnesota, serving the State of Minnesota, through i t s subsidiary, Seafirst Commercial Corporation (4/17/82) 2 /

San U.S. Bancorp, Portland, Oregon, notification of intent to Francisco engage in de novo activit ies (making, acquiring and servicing

of loans and other extensions of credit, either secured or unsecured, for its own account or the account of others in-cluding, but not limited to, commercial, rediscount and in-stalment sales contracts; to issue thr i f t certificates and passbooks and to act as insurance agent with regard to credit l i f e and disability insurance soley in connection with ex-tensions of credit by U.S. Thri f t , in conformance with the provision of Sections 225.4(a)(1), 225.4(a)(2), 225.4(a)(3), and 225.4(a) (9) (H) of Regulation Y) in Brigham, City, Utah, serving Box Elder County, Utah, through its subsidiary, U.S. Thrift 8 Loan (4/12/82) 3/

77 4(c)(8) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2, 1982 No. 16 - 25 -

APPLICATIONS RECEIVED

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

Cleveland AmeriTrust Company of Toledo, Toledo, Ohio. 2/

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

San First Interstate Bank of California, Los Angeles, Cali-Francisco fornia. Branch office to be located in the vicinity

of the intersection of California and West Streets, Woodland, California. 2/

Cleveland

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

AmeritTrust Company, Cleveland, Ohio, to merge with AmeriTrust Company of Toledo, Toledo, Ohio. 2/

Applications and Notifications for International Invest-ments and Other Actions Pursuant to Section 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 J.P. Morgan 8 Co. Incorporated, New York, New York: prior notification of i ts intent to make an additional invest-ment in the capital surplus account of J.P. Morgan Inter-national Finance N.V., Curacao, Netherlands Antilles (formerly Morgan Curacao N.V.).

27Appl icat ion 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.


16 — 2 6 ~

APPLICATIONS RECEIVED-Continued

First Chicago International Finance Corporation, Chicago, I l l inois: prior notification of i ts intent to make an additional investment in Misr International Bank S.A.E. a joint venture bank organized and existing under the laws of Egypt.

Security Pacific Corporation, Los Angeles, California: requests consent to make additional direct and indirect investments in three offshore finance subsidiaries: Security Pacific Overseas Finance N.V., Security Pacifi International Finance B.V. and Security Pacific Inter-national Finance N.V.

* * * * *

To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act

The Bank of Tokyo, Ltd., Tokyo, Japan: requests consent to establish an Edge Act corporation in Coral Gables, Florida to be named Bank of Tokyo International, U.S.A.

Banco del Pacifico, Guayaquil, Ecuador: requests consent to form an Edge Corporation in Miami, Florida to be named Banco del Pacifico International.

* * * * *

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

Republic National Bank of New York, New York, New York on behalf of its Edge, Republic International Bank of New York, Los Angeles, California: requests consent to establish a branch in Beverly Hi l ls , California.


H.2, 1982 No. 16

Boston

New York

Cleveland

Atlanta

Atlanta

St. Louis

St. Louis

Minneapolis

Minneapolis

- 27 -


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

Bankcore, Inc . , North Conway, New Hampshire, for approval to acquire at least 90 percent of the voting shares of North Conway Bank, North Conway, New Hampshire and ind i rec t l y 24.58 percent of the voting shares of North Country Bank, Ber l in , New Hampshire. 2/

Franklin Bancorp, Franklin Township (P.O. Somerset), New Jersey, for approval to acquire least 80 percent of the voting shares of Franklin State Bank, Franklin Town-ship (P.O. Somerset), New Jersey. 2J

U.C.B. Banc Corp., East Palestine, Ohio, for approval to acquire 100 percent of the voting shares of The Union Commercial & Savings Bank, East Palestine, Ohio. 2/

Fi rs t Community Bancshares of T i f ton , Inc . , T i f ton , Georgia, for approval to acquire 100 percent of the voting shares of The Farmers Bank of T i f ton , T i f ton , Georgia. 2]

H C Financial Corp., LaBelle, Flor ida, for approval to acquire at least 80 percent of the voting shares of Hendry County Bank, La Bel le, Flor ida. 2/

Firs t Bancshares of Eastern Arkansas, Inc . , West Memphis, Arkansas, for approval to acquire at least 80 percent of the voting shares of F i rs t National Bank in West Memphis, West Memphis, Arkansas. 2/

Southern Bancshares, Inc . , Fairview Heights, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Southern I l l i n o i s Bank, Fairview Heights, I l l i n o i s . 2/

Ceylon Bancorporation, Inc . , Ceylon, Minnesota, for ap-proval to acquire at least 90.67 percent of the voting shares of State Bank of Ceylon, Ceylon, Minnesota. 2/

Hiawatha Bancshares, Inc . , Hager Ci ty , Wisconsin, for ap-proval to acquire at least 95 percent of the voting shares of Hiawatha National Bank, Hager Ci ty , Wisconsin. 21

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, 1°82 No. 16 28

Kansas City

Dallas

Dal las

Dal las

Dallas

Dal las

San Francisco

San Francisco


The Walton Bancshares, Inc., Walton, Kansas, for approval to acquire at least 80 percent or more of the voting shares of The Walton State Bank, Walton, Kansas. 2/

Borger First Corporation, Borger, Texas, for approval to acquire at least 80 percent of the voting shares of First National Bank of Borger, Borger, Texas. 2J

Caprock Bancshares, Inc., Shallowater, Texas, for approval to acquire at least 80 percent of the voting shares of Eagle Bancshares, Inc., Shallowater, Texas and indirectly acquire First State Bank of Shallowater, Shallowater, Texas. 2/

Fresnos Bancshares, Inc., Los Fresnos, Texas, for approval to acquire at least 80 percent of the voting shares of Los Fresnos State Bank, Los Fresnos, Texas. 2/

Ruidoso Bank Corporation, Ruidoso, New Mexico, for approval to acquire at least 80 percent of the voting shares of Ruidoso State Bank, Ruidoso, New Mexico. 2/

Zapata Bancshares, Inc., Zapata, Texas, for approval to acquire 100 percent of the voting shares of First National Bank of Zapata, Zapata, Texas. 2J

Napa National Bancorp, Napa, California, for approval to acquire 100 percent of the voting shares of Napa National Bank, Napa, California, a proposed new bank. 2/

SDN Bancorp, Encinitas, California, for approval to acquire 100 percent (less directors' qualifing shares) of the voting shares of San Diequito National Bank, Encinitas, California. 2/

* * * * *


Cleveland AmeriTrust Corporation, Cleveland, Ohio, for approval to acquire 100 percent of the voting shares of AmeriTrust Company of Toledo, Toledo, Ohio, a proposed new bank. 2/

ZJ 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, 1982 No. 16 - 29 -


Chicago Hawkeye Bancorporation, Des Moines, Iowa, for approval to acquire 100 percent of the voting shares of The First National Bank in Huumboldt, Humboldt, Iowa. 2J

Chicago NORTHWEST FUNDING, INC., Rockford, I l l ino is , for approval to acquire 100 percent of the voting shares (less di-rectors' qualifying shares) of Northwest Bank of Winnebago County, Rockford, I l l ino is , a proposed new bank. 2/

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

Kansas City Fourth Financial Corp., Wichita, Kansas, for approval to retain 8.1 percent of the voting shares of The Towanda State Bank, Towanda, Kansas. 2/

Kansas City Industrial Bancshares, Inc., Kansas City, Kansas, for ap-proval to retain an additional 3.53 percent of the voting shares of Commercial National Bank of Kansas City, Kansas City, Kansas. 2/

Kansas City Mission Bancshares, Inc., Mission, Kansas, for approval to acquire an additional 3.53 percent of the voting shares of Commercial National Bank of Kansas City, Kansas City, Kansas. 2/

Kansas City Southwest Bancshares, Inc., Hermitage, Missouri, for ap-proval to acquire at least 85.5 percent of the voting shares of The Bank of Hermitage, Hermitage, Missouri. 2/

Kansas City Valley View Bancshares, Inc., Overland Park, Kansas, for approval to acquire an additional 3.53 percent of the voting shares of Commercial National Bank of Kansas City, Kansas City, Kansas. 2/

Dallas First Bancshares of Texas, Inc., Longview, Texas, for ap-proval to acquire 100 percent of the voting shares of Bank of Tyler, National Association, Tyler, Texas. 2/

77 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, 1982 No. 16 - 30 -


Dallas F i rs t City Bancorporation of Texas, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Bank of Pasadena, Pasadena, Texas. 2/

Dallas F i rs t City Bancorporation of Texas, Inc. , Houston, Texas, for approval to acquire 100 percent of the voting shares of HcAllen State Bank, McAllen, Texas. 2/

Dallas Victor ia Bankshares, Inc . , V ic tor ia , Texas, for approval to acquire 100 percent of the voting shares of Hays County National Bank, San Marcos, Texas. 2/

San BSD Bancorp, Inc . , San Diego, Cal i forn ia, for approval to Francisco acquire 100 percent of the voting shares of Coast Bank,

Long Beach, Cal i forn ia . 2/

* * * * *


Chicago Central National Chicago Corporation, Chicago, I l l i n o i s , for approval to merge with Exchange International Corporation, Chicago, I l l i n o i s and ind i rec t l y acquire Central National Bank in Chicago and Exchange National Bank of Chicago, both located in Chicago, I l l i n o i s . 2J

* * * * *

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

Boston Industr ia l National 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 es ( ( i ) a mortgage brokerage operation under Chapter 494 of the Florida General Statutes which shall include: (a) acting as a broker under said act and (b) the o r i g i -nation and sale of mortgage loans as authorized and

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. 16 - 31 -


permitted under Florida law; ( i i ) insurance agency for the sale of credi t l i f e and credit accident and health insurance sold in connection with such mortgage loans; and ( i i i ) servicing of mortgages) at 4554 S. Orange Blossom T r a i l , Orlando, Flor ida, through i t s direct wholly owned subsidiary, Fleet Mortgage Brokers, Inc. (a Florida Corporation) (4/16/82)

New York Barclays Bank Limited and Barclays Bank International Limited, both of London, England, requests permission to relocate an exist ing o f f i ce engaging in the fol low-ing ac t i v i t i es (making direct consumer loans, including loans secured by real estate and purchasing sales finance contracts representing extensions of credit such as would be made or acquired by a consumer finance company and wholesale financing ( f loor planning); and acting as agent for the sale of related credit l i f e , credi t accident and health and credit property insurance; credi t l i f e and credi t accident and health insurance sold as agent may be underwritten or reinsured by BarclaysAmericanCorpora-t i on ' s insurance underwriting subsidiaries) from 917 Reynolds Street, Augusta, Georgia to 2621-B Washington Road, Augusta, Georgia, through the i r subsidiary, BarclaysAmerican/Financial, Inc. (4/13/82)

New York The Chase Manhattan Corporation, 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 e s (making or acquiring, for i t s own account or for the account of others, loans and other extensions of credi t such as would be made by a commercial finance, equipment finance or factoring company, including factor ing accounts receivable, making advances and over-advances on receivables and inventory and business trans-actions 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 Regulation Y, or acting as agent, broker or advisor in so leasing such property, including the leasing of motor vehicles) at 1411 Broadway 4th Floor, New York, New York, through i t s subsidiary, Chase Commercial Corporation (4/14/82)

New York The Chase Manhattan Corporation, New York, New York, requests permission to establish de novo of f ices engaging in the fol lowing 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 other extensions of credi t such as would be made by a commercial


H.2, 1982 No. 16 - 3 2 -


finance, equipment finance or factor ing company, including factor ing accounts receivable, making advances and over-advances on receivables and inventory and business i n s t a l l -ment lending as well as unsecured commercial loans; ser-vicing loans and other extensions of c red i t ; leasing per-sonal property on a f u l l payout basis and in accordance with the Board's Regulation Y, or acting as agent, broker or adviser in so leasing such property, incuding the leasing of motor vehicles) at 150 Monument Drive, Bala Cynwyd, Pennsylvania, through i t s subsidiary, Chase Commercial Corporation (4/14/82)

Richmond Dominion Bankshares Corporation, Roanoke, V i rg in ia , n o t i f i -cation of intent to engage in de novo ac t i v i t i e s (acting as insurance agent or broker with respect to the fol lowing types of insurance related to or ar is ing out of loans made or credi t transactions involving The Fi rs t National Exchange Bank of V i rg in ia ; credi t l i f e insurance, credi t accident and health insurance; mortgage redemption insur-ance and mortgage accident and health insurance; non-convertible term l i f e insurance; and physical damage insurance on motor vehicles, mobile homes, motor homes, boats, t r a i l e r s and other kinds of personal property or attachments designed for use in connection therewith) at of f ices of The F i rs t National Exchange Bank of V i rg in ia , serving the c i t y of Galax and portions of the counties of Carrol l and Grayson, through i t s subsidiary, Dominion Bankshares Services, Inc. (4/15/82)

San Central Pacif ic Corporation, Bakersfield, Cal i forn ia , for Francisco approval to acquire 100 percent of the voting shares of

Kern Savings and Loan Association, Bakersfield, Cal i -forn ia .

San F i rs t Interstate Bancorp, Los Angeles, Ca l i fo rn ia , n o t i f i -Francisco cation of intent to engage in de novo ac t i v i t i e s (making

or acquiring loans and other extensions of c red i t , and servicing loans) in Los Angeles, Cal i fo rn ia , serving the f i f t y States, through i t s subsidiary, F i rs t Interstate Funding Company (4/13/82)

San Francisco

Imperial Bancorp, Inglewood, Cal i fo rn ia , for approval to acquire Imperial Capital Markets Group, Inc. .


H.2, 1982 No. 16 33 -


San Treasure Valley Bancorp, Frui t land, Idaho, no t i f i ca t ion of Francisco intent to engage in de novo ac t i v i t i e s ( in the sale of

general insurance in a town with a population not exceed-ing 5,000) at Gayway Center #2, Frui t land, Idaho, serving the community of Frui t land, Idaho and the surrounding rural areas, through i t s subsidiary, Peoples Insurance (4/13/82)

San U.S. Bancorp, Portland, Oregon, no t i f i ca t ion of intent to Francisco engage in de novo a c t i v i t i e s (making, acquiring and ser-

vicing of loans and other extensions of c red i t , e i ther secured or unsecured, for i t s own account or for the account of others including, but not l imi ted to , com-mercial, consumer loans; installment sales contracts and other forms of receivables; issuing passbook and invest-ment ce r t i f i ca tes ; making investments as permitted by Colorado Revised Statutes 11-22-101 to 11-22-517; and acting as insurance agent with regard to credi t l i f e and d i s a b i l i t y insurance solely in connection with extensions of credi t by Boulder Indust r ia l ) at the intersect ion of North 28th Street and I r i s Avenue in Boulder, Colorado, through i t s subsidiary, U.S. Boulder Industr ia l Bank (4/16/82)

* * * * *

REPORTS RECEIVED

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

The Br is to l Bank, B r i s t o l , New Hampshire (Fi led by Lawrence L. Denton) (Fi led by Ruth T. King)

* * * * *

PETITIONS FOR RULEMAKING

None.


Documents

h2_19820417.pdf