h2_19830122.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 4)

Actions of the Board; Applications and Reports

Received During the Week Ending January 22, 1983

APPLICABLE RESERVE BANK

Chicago

San Francisco

Dallas

ACTIONS OF THE BOARD

Regulation K, the Board proposed for public comment draft regulations to implement the Bank Export Services Act authorizing investments in export trading companies by bank holding companies and certain other banking organizations; the Board asked for comment by March 14 (Docket No. R-0445).

First Trust & Savings Bank of Kankakee, Kankakee, I l l i n o i s , prepayment of a capital note.

Taylor, William, Deputy Director, Division of Banking Supervision and Regulation, promotion announced.

Simpson, Thomas D., Assistant Director, Division of Research and S t a t i s t i c s , appointment announced.

Lepper, Susan J . , Assistant Director, Division of Research and S t a t i s t i c s , appointment announced.

Struble, Frederick M., Deputy Associate Director, Division of Research and S t a t i s t i c s , promotion announced.

Lindsey, David E., Deputy Associate Director, Division of Research and S t a t i s t i c s , promotion announced.

BankAmerica Corporation, San Francisco, California, extension of time to April 14, 1984, within which to dispose of the shares of the Florida companies acquired in sa t i s fac t ion of a debt previously contracted. V

First City Bancorporation of Texas, Inc. , Houston, Texas, extension of time to April 28, 1983, within which to acquire First City Bank - West Belt , N.A., Houston, Texas. 1/

V Application processed on behalf of the Board of Governors under

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

H.2, 1983 No. 4 - 2 -

ACTIONS OF THE BOARD - Continued

Dal las

San Francisco

Dal las

Dallas

Dal las

Dal las

Richmond

San Francisco

Chicago

Chicago

F i r s t S ta te Bancshares of Yoakum, I n c . , Yoakum, Texas, extension of time t o April 29* 1983, within which to acquire F i r s t Sta te Bank, Yoakum, Texas. 2 /

Harbor Bancorp, Long Beach, C a l i f o r n i a , extension of time to April 25, 1983, within which to become a bank holding company through the acqu i s i t ion of a l l the voting shares of Harbor Bank, Long Beach, C a l i f o r n i a . V

Humble Bancshares, I n c . , Humble, Texas, extension of time t o April 19, 1983, within which to acquire Humble National Bank, Humble, Texas. V

Southwest Bancshares, I n c . , Houston, Texas, extension of time t o March 5, 1983, within which t o acquire Haltom City Sta te Bank, Hal torn Ci ty , Texas. V

Summit Bancshares, I nc . , Fort Worth, Texas, extension of time to February 11, 1983, within which to acquire Alta Mesa National Bank, Fort Worth, Texas. ]_/

Texas Commerce Bancshares, I nc . , Houston, Texas, extension of time to April 15, 1983, within which to acquire and open fo r business Texas Commerce Bank-Northeross, National Associat ion, Austin, Texas. ] /

'Stonewall Jackson Bank and Trust Company, Mount Jackson, Virg in ia , extension of time to November 13, 1983, within which to e s t a b l i s h a branch in New Market, Virg in ia . J_/

Valley Bank of Nevada, Las Vegas, Nevada, extension of time to September 26, 1983, within which to e s t ab l i sh a branch in Laugh!in, Nevada. J /

Isabel la Bank and Trus t , Mount Pleasant , Michigan, an investment in bank premises, j y

Security Trust and Savings Bank, Shenandoah, Iowa, an investment in bank premises. 1/

1/ Application processed on behalf of the Board of Governors under delegated au tho r i t y .


H.2, 1983 No. 4 - 3 -


San Franci sco

Phi ladelphia

Atlanta

San Francisco

Dallas

Atlanta

Philadelphia

Bank of Iron County, Parowan, Utah, proposed merger with F i r s t Security Bank of Utah, N.A., Ogden, Utah, under the cha r t e r and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporaton on competit ive f a c t o r s . V

Farmers Bank and Trust Company of Hanover, Hanover, Pennsylvania, proposal to merge with the F i r s t National Bank of F a i r f i e l d , F a i r f i e l d , Pennsylvania, under the cha r t e r and with the t i t l e of Farmers Bank and Trust Company of Hanover; report to the Federal Deposit Insurance Corporation on competit ive f a c t o r s , j y

Gwinnett County Bank, S n e l l v i l l e , Georgia, proposed merger with Heritage Bank, Alphare t ta , Georgia; report t o t he Federal Deposit Insurance Corporation on competi t ive f a c t o r s . V

Lincoln Bank, Lincoln Ci ty , Oregon, proposed merger with The Oregon Bank, Port land, Oregon, under the char te r and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competit ive f a c t o r s . ]_/

PHB National Bank, Richardson, Texas, proposed merger with promenade National Bank, Richardson, Texas; report t o the Comptroller of the Currency on competit ive f a c t o r s . J_/

Sun F i r s t National Bank of De Funiak Springs, De Funiak Springs, F lor ida , proposed merger with F i r s t National Bank of De Funiak Springs, De Funiak Springs, F lor ida ; report t o the Comptroller of the Currency on competit ive f a c t o r s . 1/

Trenton Savings Fund Society, Trenton, New Jersey , pro-posed merger with Burlington Savings Bank, Burlington, New Jersey , under the char te r of The Trenton Savings Fund Society and with the t i t l e Burlington Savings Bank; report to the Federal Deposit Insurance Cor-poration on competit ive f a c t o r s . ]_/

1/ Application processed on behalf of the Board of Governors under ™~ delegated au tho r i t y .


H.2, 1983N0. 4 - 4 -


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

Approved Firs t State Bank/Cani s teo , New York. To es tab-

l i s h a branch at the southeast corner of the i n t e r s e c t i o n of NYS Route 36 and East Avenue Extension, Town of H o r n e l l s v i l l e , New York, j y

Ohio Ci t izens Bank, Toledo, Ohio. To e s t a b l i s h a branch at TOO West South Boundary Road, Perrys-burg, Ohio. V

The Provident Bank, Cincinnat i , Ohio. To e s t a b l i s h a branch ac Montgomery Road & Landen Drive, Deer-f i e l d Township, Ohio. V

Somerset Trust Company, Somerset, Pennsylvania. To e s t a b l i s h a remote s erv i ce f a c i l i t y branch at Seven Springs Resort, R.D. #1, Champion, Pennsylvania. 2 /

Comerica Bank-Detroit, Michigan. To e s t a b l i s h an o f f -s i t e e l e c t r o n i c f a c i l i t y at 14111 Grat iot , Detro i t , Michigan. Jl/

Isabel la Bank and Trust, Mount Pleasant , Michigan. To e s t a b l i s h a branch at 1418 E. Pickard, Mount Pleasant, Michigan. [ /

The F irs t State Bank, Abilene, Texas. To e s t a b l i s h and use an o f f s i t e e l e c t r o n i c f a c i l i t y in Abilene. Jl/

Ci t izens Bank and Trust Company of Baytown, Texas, Bay-town, Texas. To e s t a b l i s h and use two o f f - s i t e e l e c t r o n i c f a c i l i t i e s in Baytown, Texas. 2 /

* * * *

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

* __ ved Richmond The Ailegl ahET Lewisburg, West Virginia. Jl/

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

New York

Cleveland

Cleveland

Cleveland

Chicago

Chicago

Dallas

Dal l a s


H.2, 1983 No. 4 - 5 -


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

Approval Richmond The Allegheny Bank, Lewisburg, West Virginia, to

merge with Greenbrier Valley Bank, Lewisburg, West Virginia. V

New York United Counties Trust Company, Elizabeth, New Jersey, to merge with Kenilworth State Bank, Kenilworth, New Jersey. V

New York United Jersey Bank Hackensack, New Jersey, to merge with United Jersey Bank/North, Montvale, New Jersey. J /

* * * * *

Applications and Not i f i ca t ions for International Investments and Other Actions Pursuant to Sections 25 and 25(a)

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

Approved Minneapolis Northwestern National Bank of Minneapolis, Minneapolis,

Minnesota: grants consent to convert the Miami branch of appl icant ' s subsidiary, Northwest Inter-national Bank, to a separate Edge Act corporation.

* * * * *

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

Withdrawn New York Valbanque Corporation, Hato Rey, Puerto Rico and

N.Y. Banco Holdings, Ltd. , Wilmington, Delaware, for approval to acquire at l ea s t 25 percent of the voting shares of The First Women's Bank, New York, New York.

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


H.2, T983 N0. 4 - 6 -


New York

New York

Philadelphia

Richmond

Atlanta

Atlanta

Atlanta

Chicago

Chicago

Approved BalIston Spa Bancorp, Inc . , Ballston Spa, New

York, fo r approval t o acquire a t l e a s t 80 percent of the voting shares of Ballston Spa National Bank, Ballston Spa, New York. ] /

Ultra Bancorporation, Bridgewater, New Je rsey , fo r approval t o acquire 100 percent of the voting shares of F i r s t National Bank of Central Je rsey , Bridgewater, New Jersey . 1 /

Union Bancorp of DuBois, Pennsylvania, Inc . , DuBois, Pennsylvania, fo r approval t o acquire 100 percent of the voting shares of The Union Banking & Trust Company of DuBois, Pennsylvania. _]_/

Allegheny Bankshares Corporation, Lewisburg, West Virgin ia , fo r approval to acquire 100 percent of the voting shares of the successor by merger to Greenbrier Valley Bank, Lewisburg, West Virg in ia . ]_/

Banzano I n t e r n a t i o n a l , N.V., Curacao, Netherlands A n t i l l e s ; Banzano, B.V., Amsterdam, Netherlands; Mi ami National Bancorp, Coral Gables, F lo r ida , fo r approval to acquire at l e a s t 84.5 percent of the voting shares of Miami National Bank, Miami, F lor ida . \ j

F i r s t Gonzales Bancshares, I nc . , Gonzales, Louisiana, fo r approval t o acquire at l e a s t 80 percent of the voting shares of F i r s t Gonzales Corporation, Gonzales, Louisiana and i n d i r e c t l y 98.7 percent of the voting shares of F i r s t National Bank of Gonzales, Gonzales, Louisiana. ] /

FNB Banking Company, G r i f f i n , Georgia, f o r approval to acquire 100 percent of the voting shares of F i r s t National Bank of G r i f f i n , G r i f f i n , Georgia. ]_/

Arthur Bancshares Corp., Arthur, I l l i n o i s , fo r approval to acquire 100 percent of the voting shares ( l ess d i r e c t o r s ' qua l i fy ing shares) of State Bank of Arthur, Arthur, I l l i n o i s .

Financial Concepts Bancorp, Inc . , Green Bay, Wisconsin, fo r approval t o acquire at l e a s t 96.52 percent of the voting shares of University Bank, Green Bay, Wisconsin. 1/

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

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

H.2, 1983 No. 4 7 -


Chicago Lake Country Holding Co., I nc . , Hartland, Wis-consin , fo r approval t o a c q u i r e ' a t l e a s t 80 percent or more of the voting shares of Sta te Bank of Hart land, Hartland, Wisconsin. ]_/

Chicago Tanco, L td . , Guttenberg, Iowa, fo r approval t o acquire at l e a s t 80 percent or more of the voting shares of Security S ta te Bank, Guttenberg, Iowa, j y

St . Louis F i r s t Fordyce Bancshares, I nc . , Fordyce, Arkansas, fo r approval t o acquire 100 percent of the voting shares of the successor by merger t o The F i r s t National Bank of Fordyce, Fordyce, Arkansas. J_/

St . Louis United Bancorp of Pr inceton, Inc . , Pr inceton, Kentucky, f o r approval t o acquire 100 percent of the voting shares of the successor by merger t o Farmers Bank and Trust Company, Pr inceton, Kentucky. ]_/

Minneapolis Duke Financial Group, Inc . , St . Paul, Minnesota, for approval t o acquire at l e a s t 87.46 percent of the voting shares of Sta te Bank of New Prague, New Prague, Minnesota. ]_/

Minneapolis South Dakota Bancorp., I nc . , Minneapolis, Minnesota, fo r approval to acquire at l e a s t 96 percent of the voting shares of Big Stone State Bank, Big Stone Ci ty , South Dakota; a t l e a s t 81.52 percent of Farmers and Merchants Bank of Huron, Huron, South Dakota and a t l e a s t 98.67 percent of Dakota Sta te Bank, Mil bank, South Dakota. JV

Kansas City Cof feyv i l l e Bancshares, I n c . , Wichita, Kansas, fo r approval to acquire 100 percent of the voting shares of The F i r s t National Bank of C o f f e y v i l l e , Coffey-v i l l e , Kansas.

Kansas City Evco, I nc . , Casper, Wyoming, fo r approval to acquire 100 percent of t h e voting shares of F i r s t National Bank in Evanston, Evanston, Wyoming, j y

Dallas Hugo Bankshares, I nc . , Hugo, Oklahoma, for approval to acquire at l e a s t 88 percent of the voting shares of Security F i r s t National Bank of Hugo, Hugo, Oklahoma. 1/

17 Application processed on behalf of the Board of Governors under ~~ delegated au tho r i t y .


H.2, 1983 No. 4 - 8 -


Dal las

San Franci sco

San Francisco

San Francisco

Plains Bancorp, I n c . , Dimmitt, Texas, fo r approval to acquire a t l e a s t 80 percent or more of the voting shares of F i r s t S ta te Bancorp, I nc . , Dimmitt, Texas and i n d i r e c t l y 90.22 percent of The F i r s t S ta te Bank of Dimmitt, Dimmitt, Texas. ] /

Ca l i fo rn ia City Bancorp, Orange, C a l i f o r n i a , fo r approval t o acquire 100 percent of the voting shares of Ca l i fo rn ia City Bank, N.A., Orange, C a l i f o r n i a , a proposed new bank.

Front ie r Group Incorporated, Buena Park, C a l i f o r n i a , f o r approval t o acquire 100 percent of the voting shares of Fron t ie r Bank, N.A., Buena Park, C a l i f o r n i a , a proposed new bank. J /

Mid City Bancorp, Los Angeles, C a l i f o r n i a , fo r approval t o acquire 100 percent of the voting shares of Mid City Bank, National Associa t ion, Los Angeles, C a l i f o r n i a , a proposed new bank. ]_/

* * * * *

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

Cleveland Withdrawn

AmeriTrust Corporat ion, Cleveland, Ohio, f o r approval t o acquire 100 percent of the voting shares of The Southern Ohio Bank, Cinc inna t i , Ohio. 1/

Cleveland

Atlanta

Approved Society Corporat ion, Cleveland, Ohio, f o r approval t o

acquire a t l e a s t 80 percent of the voting shares of The Wakeman Bank Company, Wakeman, Ohio. ]_/

E l l i s Banking Corporation, Bradenton, F lo r ida , fo r approval t o acquire 100 percent of the voting shares of F i r s t Commercial Bank of Live Oak, Live Oak, F lor ida .

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


H.2, 1983 No. 4 - 9 -


Atlanta

Chicago

Chicago

Minneapolis

Kansas City

Kansas City

Kansas City

Southeast Banking Corporation, Miami, Florida, for approval to acquire from Florida National Banks of Florida, Inc. , Boca Raton, Florida 80 percent or more of the voting shares of Florida National Bank of Lee County, Cape Coral; Florida National Bank of the Florida Keys, Key West; Florida National Bank of Bartow, Bartow; Florida National Bank at Chipley, Chi piey; Florida National Bank of Madison County, Madison; Florida National Bank of Belle Glade, Belle Glade; and Florida National Bank at Perry, Perry; all in Florida.

Northern Trust Corporation, Chicago, I l l i n o i s , for approval to acquire 100 percent of the voting shares ( l e ss directors' qualifying shares) of NORTHERN TRUST BANK OF FLORIDA/PALM BEACH NATIONAL ASSOCIATION, Palm Beach, Florida, a proposed new bank. ]_/

Northern Trust Corporation, Chicago, I l l i n o i s , for approval to acquire 100 percent of the voting shares ( l e s s directors' qualifying shares) of Northern Trust Bank of Florida/Naples National associat ion, Naples, Florida, a proposed new bank. J_/

Dakota Company, Inc. , Minneapolis, Minnesota, for approval to acquire at l eas t 53.5 percent of the voting shares of South Dakota Bancorp, Inc. , Minneapolis, Minnesota. 1/

American Bank Corporation, Denver, Colorado, for approval to acquire 100 percent of the voting shares of American National Bank of Rock Springs, Rock Springs, Wyoming, a proposed new bank. J /

American Bank Corporation, Denver, Colorado, for approval to acquire at least 99.9 percent of the voting shares of First Wyoming Bank, N.A. -Laramie, Laramie, Wyoming. V

Fourth Financial Corporation, Wichita, Kansas, for approval to acquire 24.98 percent of the voting shares and 100 percent of the preferred stock of Coffeyvi l ie Bancshares, Inc. , Wichita, Kansas and indirect ly acquire The First National Bank of Cof feyv i l i e , Cof feyv i l i e , Kansas.

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


H.2, 1983 No. 4 - 1 0 -


Kansas City Union Bancorporat ion, Inc . , Oklahoma Ci ty , Oklahoma, f o r approval t o acqu i re an add i t iona l 2.4 percent of the voting shares of United Oklahoma Bankshares, Inc . , Oklahoma C i t y , Oklahoma. V

Dal las RepublicBank Corpora t ion , Da l l a s , Texas, f o r approval t o acqu i re 100 percent of t h e vot ing shares of Texas National Bank of Midland, Midland, Texas. ]_/

Dallas Southwest Bancshares, I n c . , Houston, Texas, f o r approval t o acqui re 100 percent of the voting shares of S ta te National Bank, Odessa, Texas, Odessa, Texas. ]_/

Dal las Vic tor ia Bankshares, I n c . , V i c t o r i a , Texas, f o r approval t o acqu i re 100 percent of t he vot ing shares of Bank of Commerce, Point Comfort, Texas. 1/

* * * * *

To Expand a Bank Holding Company Pursuant t o Section 3 (a ) (5 ) of t he Bank Holding Company Act of 1956

Approved Boston The Conifer Group I n c . , Worcester , Massachuset ts , f o r

approval t o merge with Essex Bancorp, I n c . , Peabody, Massachusetts and i n d i r e c t l y with Essexbank, Peabody, Massachuset ts . V

S t . Louis F i r s t Arkansas Bankstock Corpora t ion , L i t t l e Rock, Arkansas, f o r approval t o acqui re a t l e a s t 9 percent of t he vot ing shares of Pope County Bankshares, I n c . , R u s s e l l v i l i e , Arkansas, and i n d i r e c t l y a t l e a s t 80 percent of Peoples Bank & Trust Company, R u s s e l l v i l l e , Arizona. 1/

* * * * *

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


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


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

Approved Bank South Corporation, At lanta , Georgia, fo r

approval t o acquire Bank South Mortgage Company, At lan ta , Georgia, a company tha t engages in the business of generat ing marketable permanent mortgage loans and inter im loans fo r sa le to inves tors with re ten t ion of se rv ic ing . 1/

Southeast Banking Corporation, Miami, F lo r ida , for approval t o acquire mortgage serv ic ing r igh t s from Florida Nat iona l ' s mortgage banking subs id ia ry , Charter Mortgage Company.

Atlanta

Atlanta

Reactivated San BankAmerica Corporation, San Francisco, C a l i f o r n i a , Francisco 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

( to engage in c r e d i t - r e l a t e d property insurance) at 755 Two Mile Parkway, Goodlettsvi11e, Tennessee, serving the Sta tes of Tennessee and Kentucky as well as two ex i s t i ng o f f i c e s located in Chattanooga, Tennessee, serving the Sta tes of Tennessee and Alabama and Memphis, Tennessee, serving the States of Tennessee and Kentucky, through i t s i nd i r ec t subs id ia ry , FinanceAmerica Credit Corporation (a Delaware corporat ion) (1/14/83) 3/

Permitted New York Ci t i co rp , New York, New York, requests permission

to e s t a b l i s h a de novo o f f i c e of i t s subs id ia ry , Ci t icorp Homeowners, Inc. ("CHI"), and t o ex-pand the a c t i v i t i e s of an ex i s t ing o f f i c e of i t s subs id ia ry , Ci t icorp Person-to-Person Financial Center, Inc. ("CPFC").at the same loca t ion ; the a c t i v i t i e s in which the de novo o f f i c e of CHI proposes to engage are (tWe making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured for consumer and other pur-poses ; the sa le of c r e d i t - r e l a t e d l i f e and accident and heal th or decreasing or level [in the case of s ingle payment loans] term l i f e

TJ Application 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 au tho r i t y .


H.2, 1983 No. 4 - 12 -


insurance by l icensed agents or brokers , as requ i red ; the sa le of consumer or iented f inanc ia l management courses ; the se rv i c ing , fo r any person, of loans and other extensions of c r e d i t ; the making, acqu i r ing , and s e r v i c i n g , fo r i t s own account and fo r the account of o the r s , of ex-tens ions of c r e d i t t o ind iv iduals secured by l i ens on r e s iden t i a l or non- res iden t ia l real e s t a t e ; and the sa le of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y re la ted to extensions of mortgage loans ; the proposed serv ice area for the de novo o f f i c e of CHI sha l l be comprised of the e n t i r e Sta te of Nebraska fo r a l l the aforementioned proposed a c t i v i t i e s ; the new a c t i v i t i e s in which the o f f i c e of CPFC proposes to engage de novo a re : the s e r v i c i n g , fo r any person, of loans and other extensions of c r e d i t ; and the sa le of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y r e l a t ed to extensions of mortgage loans; the proposed serv ice area f o r the o f f i c e of CPFC shal l be comprised of the e n t i r e State of Nebraska f o r a l l the aforementioned proposed a c t i v i t i e s ; c r e d i t - r e l a t e d l i f e , acc iden t , and heal th insurance may be wr i t t en by Family Guardian Life Insurance Company, an a f f i l i a t e of CPFC and CHI) at 2945 South 132nd Avenue, Omaha, Nebraska, through i t s s u b s i d i a r i e s , CPFC and CHI ( 1 / 1 6 / 8 3 ) 3 /

New York C i t i co rp , New York, New York, requests permission to e s t a b l i s h s ix de novo o f f i c e s of i t s sub-s i d i a r y , Ci t icorp Homeowners, Inc. ("CHI"), and t o expand the a c t i v i t i e s of one ex i s t i ng o f f i c e and the a c t i v i t i e s and serv ice areas of f i ve ex i s t ing o f f i c e s of i t s subs id i a ry , Ci t icorp Person-to-Person Financial Center of Utah ("CPFC") at the same loca t i ons ; the a c t i v i t i e s in which the de novo o f f i c e s of CHI propose to engage are "(The making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured, f o r consumer and other purposes; the sa le of c r e d i t - r e l a t e d l i f e and accident and health or decreasing or level [ in the case of s ingle payment loans] term l i f e insurance by l icensed agents or brokers , as requ i red ; the sa le of consumer or iented f inanc ia l management courses;

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 .



the servic ing, for any person, of loans and other extensions of credi t ; the making, acquiring, and servic ing, for i t s own account and for the account of others, of extensions of credit to individuals secured by l iens on residential or non-residential real e s ta te ; and the sale of mortgage l i f e and mortgage d i sab i l i ty insurance d irect ly related to extensions of mortgage loans; the proposed service area for each of the de novo o f f i c e s of CHI shall be comprised of the entire State of Utah for a l l the aforementioned proposed a c t i v i t i e s ; the new a c t i v i t i e s in which the o f f i c e s of CPFC propose to engage de novo are: the making, acquiring, and servicing, for i t s own account and for the account of others, of ex-tensions of credit to individuals secured by l i ens on residential or non-residential real e s ta te ; and the sale of mortgage l i f e and mortgage d i sab i l i ty insurance direct ly related to extensions of mortgage loans; the proposed service area of the Orem Office of CPFC shall be the entire State of Utah for the aforementioned proposed a c t i v i t i e s ; the proposed expanded service areas of the other f ive o f f i c e s shall be the entire State of Utah for their proposed a c t i v i t i e s and for the following previously approved a c t i v i t i e s : the making or acquiring of loans and other extensions of credi t , secured or unsecured, for consumer and other purposes; the sale of credit-related l i f e and accident and health or decreasing or level [in the case of s ingle payment loans] term l i f e insurance by licensed agents or brokers, as required; the issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; the sale of consumer oriented financial management courses; and the servic ing, for any person, of loans and other extensions of credi t ; credit-related l i f e insurance, accident, and health insurance may be underwritten by Family Guardian Life Insurance Company, an a f f i l i a t e of CPFC and CHI) at Brickyard Plaza, 1178 Brickyard Road, Salt Lake City; University Mai 1, Suite C-52, Orem; Valley Fair Mall, 3601 South 2700 West, West Valley City; 10 West First South, Salt Lake City; 2350 Washington Boulevard, Ogden; and Fashion Square, 195 E. 6100 South, Murray, al l located in Utah, through i t s subsidiaries , CHI and CPFC ( 1 / 1 6 / 8 3 ) 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, 1983 N0. 4 - 1 4 -


New York Key Banks Inc . , Albany, New York, requests permission to e s t ab l 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 (performing or carrying on any one or more of the funct ions or a c t i v i t i e s thay may be performed or car r ied on by a t r u s t company [ including a c t i v i t i e s of a f i duc i a ry , agency, or custodian na tu re ] , in the manner authorized by Federal or State law, so long as the i n s t i t u t i o n does not make loans or investments or accept deposi ts other than ( i ) deposi ts t ha t are generated from t r u s t funds not current ly invested and are properly secured to the extent required by law, or ( i i ) deposi ts represent ing funds received for a special use in the capacity of managing agent or custodian for an owner o f , or investor i n , real proper ty , s e c u r i t i e s , or other personal property , or for such owner or investor as agent or custodian of funds held for investment or escrow agent , or for an i ssuer o f , or broker or dealer in s e c u r i t i e s , in a capacity such as paying agent , dividend disbursing agent , or s e c u r i t i e s c lear ing agent , and not employed by or for the account of the customer in the manner of a general purpose checking account or bearing i n t e r e s t , or ( i i i ) making of cal l loans to s e c u r i t i e s dealers or purchase of money market instruments such as c e r t i f i c a t e s of depos i t , commercial paper, government or municipal s e c u r i t i e s , and bankers acceptances [such authorized loans and investments, however, may not be used as a method of channeling funds t o non-banking a f f i l i a t e s of the t r u s t company]) at 110 Wisteria Avenue, Orlando, F lor ida , serving the Tampa-Orlando area of F lor ida , through i t s subs id ia ry , Key Trust Company of Florida N.A. ( 1 / 2 0 / 8 3 ) 3 /

New York Societe Generale, Pa r i s , France, requests permission to e s t ab l 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 (making or acquiring fo r i t s own account or for the account of o the r s , commercial loans and other extensions of c r e d i t ; and leasing personal or real property or act ing as agent , broker or advisor in leasing such property and servic ing such l ea ses , subject to a l l the q u a l i f i c a t i o n s spec i f i ed in 12 C.F.R.

y 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 ty .


I

H.2, 1983 No. 4 - 1 5 -


225.4(a) (6) (a) and (b) , where the leases serve as the funct ional equivalent of an extension of c r ed i t to the lessee of the property) at Crocker Center, One Montgomery West Tower, 16th Floor, San Francisco, Ca l i f o rn i a , through i t s subs id ia ry , Sogelease Corporation (1/21/83) H

F i r s t & Merchants Corporation, Richmond, Virgin ia , 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 act ing as insurance agent or broker with respect t o the following types of insurance: the sa le of- c r ed i t l i f e , c r ed i t d i s a b i l i t y , mortgage redemption and mortgage cance l la t ion insurance in connection with ex-tens ions of c r ed i t by F i r s t & Merchants National Bank (Bank), an wholly-owned subsidiary of the holding company, and any of Bank's s u b s i d i a r i e s ; and the sa le of vendors s ingle i n t e r e s t physical damage insurance for motor veh ic les , mobile homes, motor homes, boa ts , t r a i l e r s and other kinds of personal proper ty , or attachments designed fo r use in connection therewi th , securing loans and other extensions of c red i t by Bank) the a c t i v i t i e s covered by t h i s proposal would be conducted through the o f f i c e s of Bank and i t s sub-s i d i a r i e s serving the c i t i e s of Roanoke, Salem, Staunton, Portsmouth, Chesapeake, Virginia Beach, Danvil le , Colonial Heights, Hopewell, Petersburg, Bedford, Alexandria, Fa i r fax , Fal ls Church, Hampton, Poquoson, and Williamsburg, Virginia ; and the counties of Roanoke, Augusta, Dinwiddie, Prince George, Ches t e r f i e ld , P i t t s y l v a n i a , Bedford, Campbell, Amherst, Loudoun, Prince William, York, James Ci ty , Henrico, and Hanover, Virginia , through i t s wholly-owned subs id ia ry , Security At lant ic Insurance Agency, Inc. (1/17/83) 3/

Richmond Union Trust Bancorp, Baltimore, Maryland, 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 (making insta l lment loans to individuals for personal , family or household purposes; purchasing sa les f inance cont rac ts executed in connection with the sa le of personal , family or household goods or s e rv i ce s ; act ing as agent in the sa le of c r ed i t l i f e and c red i t accident and heal th in-surance d i r e c t l y re la ted to i t s extensions of c r e d i t ; act ing as agent in the sa le of insurance

Richmond

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 tho r i ty .


H.2, 1983 No. 4 - 16 -


protecting col lateral held against the extensions of credi t ; and making mortgage loans secured in whole or in part by mortgages or other l iens on real e s ta te ) 2320 East North Street , North Executive Plaza, Suite 00, Greenville, South Carolina, through i t s subsidiary, Landmark Financial Services of South Carolina (1/19/83) 3/

Kansas City First National of Nebraska, Inc. , Omaha, Nebraska, not i f i cat ion of intent to engage in de novo a c t i v i t i e s (in operating an industrial loan and investment company as authorized by Nebraska law, including issuing c e r t i f i c a t e s of indebtedness and making and acquiring loans and other extensions of credit such as would be made by an industrial loan and investment company) at 76th and Cass Streets , Omaha, Nebraska; 108th and Q Streets , Omaha, Nebraska; 24th and Vinton Streets , Omaha, Nebraska and 3205 North 90th Street , Omaha, Nebraska, serving the City of Omaha and Douglas County, through i t s subsidiary, First of Omaha Savings Co. (1/20/83) 3/

Alaska Pacif ic Bancorporation, Anchorage, Alaska, not i f i cat 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 s o l i c i t i n g , originating, making, acquiring, and se l l ing real es tate mortgage loans and other extensions of credit secured by interests in real estate for i t s own account and for sale to other lenders and investors and the servicing of these and other loans for i t s e l f and other lenders and investors) at 101 West Benson Blvd. and at 524 West Fourth Avenue, Anchorage, Alaska, serving the states of Alaska and Washington, through i t s subsidiary, Alaska Pacif ic Mortgage Company (1/20/83) 3/

BankAmerica Corporation, San Francisco, 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 (to engage in the act iv i ty of se l l ing travelers checks) at One Powell Street, San Francisco, California, serving the f i f t y s t a t e s , the District of Columbia, the Common-wealth of Puerto Rico, the t err i tor i e s and dependencies of the United States , and Canada, through i t s direct subsidiary, BA Cheque Corporation (a Delaware corporation) (1/18/83)

San Francisco

San Francisco

37 4(c) (8) not i f i ca t ion processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2, 1903 No. 4


San Francisco

BankAmerica Corporat ion, San Francisco, 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 t o continue to engage in de novo a c t i v i t i e s (making or acquiring fo r i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a f inance company; se rv ic ing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and heal th insurance; c r e d i t - r e l a t e d property i n -surance will not be o f fe red by FinanceAmerica Corporat ion; such a c t i v i t i e s wil l inc lude, but not be l imi ted t o , making consumer ins ta l lment loans , purchasing ins ta l lment sa les f inance con-t r a c t s , making loans and other extensions of c r e d i t to bus inesses , making loans and other extensions of c r e d i t secured by real and personal p roper ty , se rv ic ing loans and other extensions of c r e d i t , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d accident and heal th insurance d i r e c t l y r e l a t ed t o extensions of c r e d i t made or acquired by FinanceAmerica Corporation; c r e d i t -r e l a t ed l i f e and c r e d i t - r e l a t e d accident and heal th insurance may be reinsured by BA Insurance Company, Inc , an a f f i l i a t e of FinanceAmerica Corporation) in Portland Oregon, serving the e n t i r e State of Idaho, through i t s i nd i rec t subs id ia ry , FinanceAmerica Corporation (an Oregon corpora t ion) (1/18/83) 3/

San Francisco

BankAmerica Corporation, San Francisco, 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 t o engage in de novo a c t i v i t i e s ( to engage in c r e d i t - r e l a t e d property insurance) at 755 Two Mi In Parkway, Good!e t t sv i l i e , Tennessee, serving the Sta tes of Tennessee and Kentucky as well as two ex i s t i ng o f f i c e s located in Chattanooga, Tennessee, serving the Sta tes of Tennessee and Alabama and Memphis, Tennessee, serving the States of Tennessee and Kentucky, through i t s i nd i r ec t subs id ia ry , Finance-America Credit Corporation (a Delaware corporat ion) ( 1 / 1 4 / 8 3 ) 3 /

San Francisco

Rainier Bancorporation, S e a t t l e , Washington, n o t i -f i c a t i o n of in t en t t o 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 making equity and debt investments in corporat ions or p r o j e c t s designed pr imar i ly t o promote community we l fa re , such as the economic rehab i1 i t a t ion and development of

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 tho r i t y .


H.2, 1983 No. 4 - 1 8 -


San Franci sco

San Francisco

San Francisco

low-income areas ) in S e a t t l e , Washington, serving the e n t i r e s t a t e of Washington, through i t s subs id ia ry , Rainier Community Service Corporation ( 1 / 2 2 / 8 3 ) 3 /

U. S. Bancorp, Por t land, Oregon, 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 (making, acquiring and servic ing of loans and other ex-tens ions of c r e d i t , e i t h e r secured or unsecured, f o r i t s own account or f o r the account of others inc luding , but not l imited t o , loans and other extensions of c red i t secured by mortgages or deeds of t r u s t on real proper ty ; and to act as insurance agent with regard to c red i t l i f e and d i s a b i l i t y insurance so le ly in connection with extensions of c r ed i t by Bancorp Mortgage) at 400 108th Avenue, Bellevue, Washington, serving the c i t y of Bellevue and the surrounding rural a rea , through i t s subs id ia ry , U. S. Bancorp Mortgage Company (1/18/83) J3/

U. S. Bancorp, Port land, Oregon, 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 (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 for the account of others inc luding, but not l imited t o , loans and other extensions of c r ed i t secured by mortgages or deeds of t r u s t on real proper ty ; and to act as insurance agent with regard to * c r ed i t l i f e and d i s a b i l i t y insurance sole ly in connection with extensions of c r ed i t by Bancorp Mortgage) at West 127 Boone Avenue, Spokane, Washington, serving the c i t y of Spokane and the surrounding rural a rea , through i t s sub-s i d i a r y , U. S. Bancorp Mortgage Company (1/18/83) 3/

U. S. Bancorp, Port land, Oregon, 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 (making, acquiring and servic ing of loans and other ex-tens ions of c r e d i t , e i t h e r secured or unsecured, f o r i t s own account or fo r the account of o the r s , inc luding , but not l imited t o , loans and other extensions of c r ed i t secured by mortgages or deeds of t r u s t on real proper ty ; and to act as insurance agent with regard to c r ed i t l i f e and d i s a b i l i t y insurance sole ly in connection with

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 au tho r i t y .


H.2, 1983 No. 4 19 -


extensions of c r e d i t by Bancorp Mortgage) a t 1411 "C" St ree t Vancouver, Washington, serving the c i t y of Vancouver and the surrounding r ura l a rea , through i t s subs id i a ry , U. S. Bancorp Mortgage Company (1/17/83) 3/

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

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

H.2, 1983 No. 4 - 2 0 -

APPLICATIQNS RECEIVED

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

The Bank of New York, New York, New York. To e s t a b l i s h o f f s i t e e l e c t r o n i c f a c i l i t y branches a t the following loca t ions : Good Boys Store , Inc . , 34 Chestnut S t r e e t , Lockport, New York; Figmos PTL, 1511 Je f fe r son Avenue, Buffa lo , New York. 2J

F i r s t Virginia Bank - Colonial , Richmond, Virginia . To e s t a b l i s h a branch at 7023 Forest Hill Avenue, Richmond, Virg in ia . 2/

Valley Bank and Trust Company, Sal t Lake City , Utah. Branch o f f i c e to be located at 1082 Fort Union Blvd., Sal t Lake Ci ty , Utah. 2J

New York

Richmond

San Francisco

* * * * *

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

New York Irving Trust Company, New York, New York: p r io r n o t i f i c a t i o n of i t s i n t en t to open an i n i t i a l branch in Hong Kong.

* * * * *

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

Philadelphia FNB Bancorp, Inc . , Newtown, Pennsylvania, for approval t o acquire 100 percent of the voting shares of The F i r s t National Bank and Trust Company of Newtown, Newtown, Pennsylvania. 2/

Philadelphia Merchants of Shenandoah Ban-Corp, Shenandoah, Pennsylvania, fo r approval to acquire 100 percent of the voting shares of The Merchants National Bank of Shenandoah, Shenandoah, Pennsylvania. 2/

2] Application subjec t t o Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the app l icab le Reserve Bank may be contacted as t o the length of the comment per iod.


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

APPLICATIONS RECEIVED - Continued

Richmond

Richmond

Atlanta

Atlanta

Chicago

St. Louis

St. Louis

St. Louis

Minneapolis

LSB Bancshares, Inc. , Lexington, North Carolina, for approval to acquire 100 percent of the voting shares of successor by merger to Lexington State Bank, Lexington, North Carolina. 2/

Southern Bankshares Inc. , Beckley, West Virginia, for approval to acquire 100 percent of the voting shares of successor by merger to Beckley National Bank, Beckley, West Virginia. 2/

Citizens Holding Company, Lexington, Georgia, for approval to acquire at least 80 percent of the voting shares of Citizens Banking Company, Lexington, Georgia. 2J

Merchants and Planters Bancshares, Inc. , Montevallo, Alabama, for approval to acquire 100 percent of the voting shares of Merchants and Planters Bank, Montevallo, Alabama. 2/

Jefferson Bankshares Corp., Chicago, I l l i n o i s , for aporoval to acquire 100 percent of the voting shares ( l e s s directors' qualifying shares) of the successor by merger to Jefferson State Bank, Chicago, I l l i n o i s . J?/

Bancshares of Hayti, Inc. , Hayti, Missouri, for approval to acquire at least 80 percent of the voting shares of Bank of Hayti, Hayti, Missouri. 2/

Farmers Capital Bank Corporation, Frankfort, Kentucky, for approval to acquire 100 prcent of the voting shares of Farmers Bank & Capital Trust Company, Frankfort, Kentucky. 2/

Fulton Bancshares, Inc. , Fulton, Kentucky, for approval to acquire at least 80 percent of the voting shares of Fulton Bank, Fulton, Kentucky. 2J

First Financial Corporation, Arthur, North Dakota, for approval to acquire at least 81.2 percent of the voting shares of First State Bank of Arthur, Arthur, North Dakota. 2/

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. 4 - 2 2 -


Kansas City Canadian Bancshares, I nc . , Yukon, Oklahoma, for approval t o acquire at l e a s t 80 percent of the voting shares of Canadian Sta te Bank, Yukon, Oklahoma. 2]

Kansas City Custer Bancorp., Wes t c l i f f e , Colorado, fo r approval t o acquire a t l e a s t 80 percent of the voting shares of Liberty Sta te Bank, Colorado Springs, Colorado, and Custer County Bank, Wes t c l i f f e , Colorado. 2/

Kansas City Fairview Bancshares, I n c . , Fairview, Oklahoma, fo r approval t o acquire a t l ea s t 80 percent of the voting shares of The Farmers and Merchants National Bank of Fairview, Fairview, Oklahoma. 2/

Kansas City F i r s t Alex Bancshares, Inc . , Alex, Oklahoma, for approval to acquire 80 percent of the voting shares of the F i r s t National Bank of Alex, Alex, Oklahoma. 2/

Dallas Brazoisport Corporation, Freepor t , Texas, fo r approval t o acquire at l e a s t 80 percent of the voting shares of Brazosport Bank of Texas, Freeport , Texas. 2/

Dallas P i lo t Point Bancshares Corporation, Pi lo t Point , Texas, f o r approval to acquire 100 percent of the voting shares of The Pi lo t Point National Bank, P i lo t Point , Texas. 2/

San Metro Bancorp., I nc . , Phoenix, Arizona, fo r approval to Francisco acquire 100 percent of the voting shares of Metro-

pol i tan Bank, Phoenix, Arizona (a proposed new bank). 2/

San Woodburn Bancorp, Woodburn, Oregon, fo r approval to Francisco acquire 100 percent of the voting shares of Woodburn

Sta te Bank, Woodburn, Oregon. 2/

* * * * *

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

New York Norstar Bancorp Inc . , Albany , New York, fo r approval to acquire at l eas t 67.6 percent and up to 100 per-cent of the voting shares of Bank of Commerce, New York, New York. 2/

27 Application subject t o Community Reinvestment Act. The Community ~~ A f f a i r s Of f i ce r of the appl icable Reserve Bank may be contacted

as to the length of the comment per iod.


H.2, 1983N0. 4 - 2 3 -


Cleveland

Chicago

Chicago

St . Louis

St . Louis

Minneapolis

Kansas City

Pennbancorp, T i t u s v i l l e , Pennsylvania, fo r approval t o acquire 5 to 12 percent of the voting shares of Bucks County Bank and Trust Company, Easton National Bank and Trust Company, Southeast National Bancshares of PA, The Third National Bank and Trust Company of Scranton, Williamsport National Bank, Ephrata National Bank, Nazareth National Bank and Trust Company, Producers Bank and Trust Company, Union Bank and Trust Company of Easton, PA, The Cheltenham Bank, Penn Central National Bank of Huntingdon, The Russell National Bank, Common-wealth National Financial Corporation. The t r a n s -act ion above reported on H.2 No. 51, 1982, as part of a 3 ( a ) ( 5 ) . 2/

FIRST FREEPORT CORPORATION, Freepor t , I l l i n o i s , fo r approval t o acquire at l e a s t 80 percent or more of the voting shares of Lincolnway State Bank, S t e r l i n g , I l l i n o i s . 2/

Northern Trust Corporation, Chicago, I l l i n o i s , fo r approval t o acquire at l e a s t 97.5 percent of the voting shares ( l e s s d i r e c t o r s ' qua l i fy ing shares) of the successor by merger t o F i r s t Security Bank of Oak Brook, Oak Brook, I l l i n o i s . 2/

Germantown Bancshares, I nc . , Germantown, Tennessee, fo r approval to acquire at l e a s t 85 percent of the voting shares of Tennessee Bank and Trust , Mil l i ng -ton , Tennessee (a de novo bank). 2/

Mercantile Bancorporation Inc . , St . Louis, Missouri, fo r approval to acquire 100 percent of the voting shares of I n t e r s t a t e Bank of St . Pe te r s , S t . Pe ters , Missouri . 2/

South Dakota Bancshares, Inc . , P i e r r e , South Dakota, fo r approval t o acquire at l e a s t 57.8 percent of the voting shares of Farmers State Bank, Fa i th , South Dakota. 2j

F i r s t Wyoming Bancorporation, Cheyenne, Wyoming, fo r approval t o acquire 100 percent of the voting shares of Bank of Laramie, Laramie, Wyoming. 2/

| 7 Application subjec t t o Community Reinvestment Act. The Community ~ A f f a i r s Of f i ce r of the appl icab le Reserve Bank may be contacted

as t o the length of the comment per iod .


H.2, 1983 No. 4 - 24 -


Dallas Harris County Bankshares, Inc. , Houston, Texas, for approval to acquire 100 percent of the voting shares of Harris County Bank-Airport, N.A., Houston, Texas (a proposed new bank). 2/

Dallas Harris County Bankshares, Inc. , Houston, Texas, for approval to acquire at least 51 percent of the voting shares of Harris County Bank-Cy Fair, N.A., Houston, Texas, a proposed new bank. 2J

Dallas InterFirst Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares of InterFirst Bank NW San Antonio, National Association, San Antonio, Texas. 7J

Dallas Texas Commerce Bancshares, Inc. , Houston, Texas, for approval to acquire 100 percent of the voting shares of Bank of Pasadena, Pasadena, Texas. 2/

Dallas Unicorp Bancshares, Inc. , Houston, Texas, for approval to acquire 100 percent of the voting shares of Unitedbank - Northwest, Houston, 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

Boston BankEast Corporation, Manchester, New Hampshire, for approval to acquire 100 percent of the voting shares of The Wolfeboro Savings Bank, Wolfeboro, New Hampshire, a de novo guaranty savings bank.

Boston Chittenden Corporation, Burlington, Vermont, n o t i f i -cation of intent to engage in de novo a c t i v i t i e s (providing mnagement consulting advice to non-a f f i l i a t e d banks and nonbank depository i n s t i t u t i o n s , including commercial banks, savings and loan associ -a t ions , mutual savings banks, credit unions, industrial banks, Morris Plan banks, co-operative banks and industrial loan companies, on an e x p l i c i t fee basis; such an a c t i v i t y would be limited to advising c l i en t s and would not include performing tasks or conducting

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. 4 - 25 -


opera t ions on a da i ly or continuing bas i s ) at Two Burlington Square, Burl ington, Vermont, serving the s t a t e of Vermont, the subject not ice i s fo r expansion of the se rv ice area of the ex i s t i ng o f f i c e t o include the s t a t e s of New York, New Hampshire and Massachusetts, through i t s subs id i a ry , Chittenden Consulting Corporation (1/19/83)

Boston F i r s t National Boston Corporation, Boston, Massachusetts, n o t i f i c a t i o n of in t en t t o engage in de novo a c t i v i t i e s ( f ac to r ing and commercial f inance a c t i v i t i e s ) a t Barclay Plaza, Suite 640, 1675 Larimer S t r e e t , Denver, Colorado, serving the s t a t e s of Colorado, Kansas and New Mexico, through i t s subs id i a ry , FNB Financial Company (1/14/83)

New York The Chase Manhattan Corporation, New York, New York, requests permission t o expand the a c t i v i t i e s (under-wr i t ing as r e insu re r c r e d i t l i f e insurance and c r e d i t accident and heal th insurance d i r e c t l y re -la ted to extensions of c r ed i t by The Chase Manhattan Bank (USA), National Associat ion, Wilmington, Dela-ware) a t Commonwealth Building, Universi ty Plaza, Newark, Delaware, through i t s subs id iary Western Hempshire Life Insurance Company (1/21/83)

Mew York C i t i co rp , New York, New York, requests permission t o e s t a b l i s h a de novo o f f i c e of Ci t icorp Homeowners, Inc. (Delaware) ("CHI") and a de novo o f f i c e of Ci t icorp Person-to-Person Financial Center, Inc. (Delaware) ("CPTP"), engaging in the following a c t i v i t i e s ( the making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured, f o r consumer and other purposes; the sa le of c r e d i t -r e l a t ed l i f e and accident and heal th or decreasing or level [ in the case of s ing le payment loans] term l i f e insurance by l icensed agents or brokers , as requ i red ; the sa l e of consumer or iented f inanc ia l management courses ; the s e rv i c ing , f o r any person, of loans and other extensions of c r e d i t ; the making, acqu i r ing , and se rv i c ing , fo r i t s own account and f o r the account of o t h e r s , of extensions of c r e d i t t o ind iv idua ls secured by l i ens on r e s iden t i a l or non- res iden t ia l real e s t a t e ; and the sa le of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y r e l a t ed to extensions of mortgage loans. The proposed se rv ice area fo r the de novo o f f i c e of CHI and the de novo o f f i c e of CPTP shal l be comprised of the e n t i r e s t a t e of New Jersey fo r


H.2, 1983 No. 4 - 2 6 -


a l l the aforementioned proposed a c t i v i t i e s ; c r e d i t - r e l a t e d l i f e , acc iden t , and heal th insurance may be wr i t t en by Family Guardian Life Insurance Company, an a f f i l i a t e of CHI and CPTP) a t Paramus Plaza 4, No. 10, Route 17, Paramus, New Jersey , through i t s s u b s i d i a r i e s , CHI and CPTP (1/18/83)

New York C i t i co rp , New York, New York, requests permission to expand the se rv ice area of an ex i s t ing o f f i c e engaging in the following a c t i v i t i e s (the making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured, f o r consumer and o ther purposes; the extension of loans t o dealers fo r the f inancing of inventory [ f l o o r planning] and working cap i ta l purposes; the purchasing and se rv ic ing fo r i t s own account of sa les f inance c o n t r a c t s ; the sa le of c r e d i t - r e l a t e d l i f e and accident and heal th or decreasing or level [in the case of s ing le payment loans] term l i f e insurance by l icensed agents or brokers , as requ i red ; the making of loans t o ind iv iduals and businesses secured by a l ien on mobile homes, modular un i t s or re la ted manufactured housing, toge ther with the real property to which such housing i s or wil l be secur i ty for the loans ; and the s e rv i c ing , fo r any person, of loans and other extensions of c r e d i t ; c r e d i t -r e la ted l i f e , acc iden t , and heal th insurance may be wr i t t en by Family Guardian Life Insurance Company an a f f i l i a t e of CAC) a t 4370 West 109th S t r e e t , 300 Pennsylvania National Building, Suite 300, Overland Park, Kansas, through i t s subs id iary Ci t icorp Acceptance Company, Inc. (Delaware) (1/18/83)

Chicago Ci t izens Bancorporation, Sheboygan, Wisconsin, 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 ( fo r the purpose of providing manage-ment consul t ing advice and data processing se rv i ces ) a t 636 Wisconsin Avenue, Sheboygan, Wisconsin, se rv ic ing t he e n t i r e s t a t e of Wisconsin, through i t s subs id ia ry , Ci t izens Management Services Corporation (1/11/83)

Chicago NBD Bancorp, I n c . , De t ro i t , Michigan, n o t i f i c a t i o n of in t en t t o engage in de novo a c t i v i t i e s (mortgage banking a c t i v i t i e s ) a t 1737 University Drive, P l an ta t ion , F lo r ida , t he geographic area to be served i s the s t a t e of F lo r ida , through i t s subs id i a ry , NBD Mortgage Company (1/13/83)


H.2, 1983 No. 4 - 27 -


St. Louis Ohio Valley Bancorp, Inc. , Henderson, Kentucky, 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 the sale of credit l iTe insurance, credit accident and health insurance, and credit d i sab i l i t y insurance; a l l of which will d irect ly relate to an extension of credit by Applicant and any a f f i l i a t e of i t , including i t s banking subsidiary) at 140 North Main Street , Henderson, Kentucky, the geographic area to be served i s Henderson County, Kentucky, through i t s subsidiary, 0. V. Insurance Agency, Inc. (1/10/83)

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.


Documents

h2_19830122.pdf