h2_19830611.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, N o . 2 3 )

Actions of the Board; Applications and Reports

Received During the Week Ending June 11, 1983

APPLICABLE RESERVE BANK

New York

New York

Philadelphia

ACTIONS OF THE BOARD

So l i c i ta t i on of nominations of qua l i f ied individuals for eight appointments to the Board's Consumer Advisory Council, to replace members whose terms expire on December 31, 1983.

Temporary suspension of the Regulation Q penalty for the withdrawal of time deposits pr ior to maturity from member banks for depositors affected by severe storms, landslides and flooding in the Utah counties of Carbon, Emery, Utah, Davis, Salt Lake, Sanpete, Juab, M i l l a rd , Sevier and Beaver.

Temporary suspension of the Regulation Q penalty for the withdrawal of time deposits pr ior to maturity from member banks for depositors affected by severe storms, tornadoes and f looding in the Mississippi counties of Hinds, Madison, Rankin, Warren, Leake, Washington and Holmes.

Chase Manhattan Bank, N.A., New York, New York, extension of time to June 1, 1984, wi th in which to establish a branch in Colombo, Sri Lanka. \ ]

Republic New York Corporation, New York, New York, extension of time to June 4, 1984, wi th in which to complete i t s investment in RNYC Financial Services N.V., Curacao, Netherlands An t i l l es . \J

American Bancorp, I nc . , Reading, Pennsylvania, extension of time to September 16, 1983, wi th in which to con-summate the consolidation with Central Penn National Corp., Philadelphia, Pennsylvania. V

j J 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, 1983 No. 23 - 2 -

ACTIONS OF THE BOARD - Continued

Philadelphia

Mn !dd

H.2, 1983 No. 23 - 3 -


" nta

Tita

*

H.2, 1983 No. 23 - 4 -


San Francisco

San Francisco

Placer Bancorporation, Rosevi1le, Cal i forn ia , extension of time to September 9, 1983, wi th in which to become a bank holding company through the acquisi t ion of Placer Bank of Commerce, Rosevi l le, Ca l i fo rn ia , a proposed new bank. V

Placer Bank of Commerce, Rosevil le, Ca l i fo rn ia , a pro-posed new bank, extension of time to September 9, 1983, wi th in which to become a member of the Federal Reserve System, 1/

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


H.2, 1983 No. 23 - 5 -


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

Approved Kansas City United Oklahoma Bank, Oklahoma C i t y , Oklahoma. To

establ ish two o f f s i t e electronic f a c i l i t i e s to be located at 7000 S. Crossroads Mall and 2701 SW 29th, Oklahoma Ci ty , Oklahoma. J /

Chicago M & I Marshall & I l s ley Bank, Milwaukee, Wisconsin. To establish a branch at 7139 North Port Washington Road, Glendale, Wisconsin. 1/

* * * * *

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

Not Disapproved Kansas City Goltry Bancs hares, I nc . , Gol t ry, Oklahoma. ]_/

Kansas City Midwest Bancshares, Inc. , Midwest C i t y , Oklahoma. V

Dallas CenTex Bancshares, I nc . , Cranf i l Is Gap, Texas. V

* * * * *

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

Approved Dallas 1st Bank/Las Colinas, I r v ing , Texas. J_/

Dalas Texas Bank of Piano, Piano, Texas. 1/

* * * * *

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


H.2, 1983 No. 23 - 6 -


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

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

Approved San F i rs t Pacif ic Investments Limited, Hong Kong, grants Francisco consent to continue to hold 6 percent of the shares

of JF Special Holdings Limited, Hong Kong.

Sixty-Day Not i f icat ion Period Allowed to Expire Philadelphia Philadelphia International Bank, Philadelphia, Pennsylvania

no objection to invest addit ional capital in i t s wholly-owned subsidiary, Philadelphia International Finance Co. Hong Kong, Limited.

* * * * *

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

Approved Philadelphia Miners National Bancorp, Inc . , Po t t sv i l l e , Pennsylvania,

for approval to acquire 100 percent of the voting shares of The Miners National Bank of Po t t sv i l l e , Po t t sv i l l e , Pennsylvania. J_/

Philadelphia Number One Bancorp, Inc . , Scranton, Pennsylvania, for approval to acquire 100 percent of the voting shares of F i rs t State Bank, Hawley, Pennsylvania. 1/

Cleveland S & T Bancorp, Inc . , Indiana, Pennsylvania, for approval to acquire 100 percent of the voting shares of The Savings & Trust Company of Pennsylvania, Indiana, Pennsylvania. V

Richmond Potomac Bancorp, Inc . , Keyser, West V i rg in ia , for approval to acquire 100 percent of the voting shares of the successor by merger to The National Bank of Keyser, Keyser, West V i rg in ia . J /

Atlanta Gulfcoast Bancshares, I nc . , Palmetto, Flor ida, for approval to acquire at least 80 percent of the voting shares of The County Bank, Palmetto, Flor ida. 1/

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


H.2, 1983 No. 23 - 7 -


u tago ALBANK CORPORATION, Chicago, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Albany Bank and Trust Company National Association, Chicago, I l l i n o i s . J /

St. Louis Farmers Investment Corporation, L i t t l e Rock, Arkansas, for approval to acquire at least 81.66 percent of the voting shares of Farmers Bank & Trust Company, C la rksv i l l e , Arkansas.

St. Louis Peoples F i r s t Corporation, Paducah, Kentucky, for approval to acquire 100 percent of the voting shares of Peop1es F i r s t National Bank & Trust Company of Paducah, Paducah, Kentucky. J /

Kansas City The Home State Bui ld ing, I nc . , Lewis, Kansas, for approval to acquire at least 80 percent of the voting shares of The Home State Bank, Lewis, Kansas. V

rsas City Plymouth Investment Company, Plymouth, Nebraska, for approval to acquire 100 percent of the voting shares of Farmers State Bank, Plymouth, Nebraska. V

\ursas City Western Bancs hares of Albuquerque, I nc . , Albuquerque, New Mexico, for approval to acquire at least 80 percent of the voting shares of Western Bank, Albuquerque, New Mexico and Citizens Bank, Albuquerque, New Mexico. V

" as City Western Bancshares of New Mexico, I nc . , Artesia, New Mexico, for approval to acquire at least 80 percent of the voting shares of Western Bank, Artesia, New Mexico, and at least 20 percent of Western Bank, Albuquerque, New Mexico and Citizens Bank, Albuquerque, New Mexico. V

Dallas Dawson Bancshares, I n c . , Dawson, Texas, for approval to acquire at least 80 percent of the voting shares of F i r s t Bank & Trust Company, Dawson, Texas. V

Dallas FirstPerryton Bancorp, Inc . , Perryton, Texas, for approval to acquire at least 80 percent of the voting shares of The F i rs t National Bank of Perryton, Perryton, Texas. 1/

T? Application processed on behalf of tne Board of Governors under delegated author i ty .


H.?, 1983 No. 23 - 8 -


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

Approved Peoples National Corporation, Inc . , Columbus Junction,

Iowa, for approval to acquire at least 92.68 percent of the vot ing shares of Community National Bank of Muscatine, Muscatine, Iowa. JJ

United Central Bancshares, I nc . , Des Moines, Iowa, for approval to acquire at least 80 percent of the voting shares of Plaza State Bank, Urbandale, Iowa. V

F i r s t Missouri Banks, I nc . , Manchester, Missouri, for approval to acquire 100 percent of the voting shares of F i r s t Missouri Bank of St. Peters, National Association, St . Peters, Missouri, a proposed new bank. \J

BancTEXAS Group, I n c . , Dallas, Texas, for approval to acquire 100 percent of the voting shares of The Standard Bank, Houston, Texas. V

Texas Commerce Bancshares Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Texas Commerce Bank-Sugar land, N.A., Houston, Texas, a proposed new bank. \J

Chicago

Chicago

St. Louis

Oal Us

d! IdS

Den i ed Ciewland Pennoancorp, Ti tusvi 1 le , Pennsylvania, for approval to

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 Bar* and Trust Company of Scran ton, Mil Hams port National Bank, Ephrata National Bank, Nazareth National Bank and Trust Company, Producers Bank and Trust Company, Union Bank and Trust Company of Eaton PA, The Cheltenham Bank, Penn Central National Bank of Huntington, The Russell National Bank, Common-wealth National Financial Corp.

TJ~ stat ion processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1983 No. 23 - 9 -


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

Denied Cleveland Pennbancorp, T i t u s v i l l e , Pennsylvania, for approval

to acquire 100 percent of the voting shares of F i rs t Seneca Corporation, Oil C i ty , Pennsylvania and ind i rec t l y F i rs t Seneca Bank, But ler , Pennsylvania.

* * * * *

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

Approved Boston Newport Savings and Loan Association, Newport, Rhode

Island, fo r approval to retain an exist ing branch o f f i ce located at 1342 West Main Road, Middletown, Rhode Island, and thereby to continue to engage in the a c t i v i t i e s of an FSLIC insured, state chartered mutual bui lding-loan association from that o f f i ce .

Kansas City The Home State Bui ld ing, Inc . , Lewis, Kansas, for approval to engage in general insurance agency a c t i v i t i e s in a community of less than 5,000 population through Lewis Insurance Service, I nc . , Lewis, Kansas. V

Permitted Boston Old Stone Corporation, Providence, Rhode Island, n o t i f i -

cation of intent to engage in de novo ac t i v i t i es (the underwrit ing, through reinsurance, of credi t l i f e and credi t accident and health insurance d i rec t ly related to extensions of c red i t ) in.Jacksonvi l le, Florida, the service area for th is ac t i v i t y would be the State of Arizona, through i t s indirect subsidiary, The Motor L i fe Insurance Company (6/11/83) 3/

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

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 authori ty.


H.2, 1983 No. 23 - 10 -


Boston Old Stone Corporation, Providence, Rhode Is land, n o t i f i -cation of in tent to engage in de novo a c t i v i t i e s (the o r i g ina t i on , sale and servic ing of f i r s t and second mortgage loans; and to engage through i t s sub-s i d i a r y , American Standard Insurance Agency, i n the sale of c red i t l i f e and cred i t accident and health insurance, which insurance would be reinsured by an a f f i l i a t e , The Motor L i fe Insurance Agency, Jacksonvi l le, F lo r ida , these a c t i v i t i e s would be conducted in the State of Arizona) at 2929 East Camel back Road, Phoenix, Arizona, through i t s subsidiary, UniMortgage Corporation of Arizona (6/10/83) 3/

Boston Old Stone Corporation, Providence, Rhode Is land, n o t i f i -cation of in ten t to engage in de novo a c t i v i t i e s (the o r i g i na t i on , sale and servic ing of f i r s t and second mortgage loans; and to engage through i t s subsid iary, American Standard Insurance Agency, i n the sale of c red i t l i f e and c red i t accident and health insurance, which insurance would be reinsured by an a f f i l i a t e , The Motor L i fe Insurance Agency, Jacksonvi l le, F lo r ida . and in the sale of casualty insurance on property mortgaged in connection with extensions of c red i t by UniMortgage Corporation of CA through American Standard Insurance Agency the sale of casualty insurance in connection with the ex-tensions of c red i t by UniMortgage Corporation of CA i s grandfathered under section 601(D) of the Garn-St. Germain Depository I ns t i t u t i ons Act and was approved on July 6, 1981) at 3576 Ar l ington Avenue, Riverside and 18801 Ventura Boulevard, Tarzana, both in Ca l i fo rn ia , through i t s sub-s i d i a r y , UniMortgage Corporation of CA (6/8/83) 3/

Boston RIHT Financial Corporation (formerly Hospital Trust Cor-pora t ion) , Providence, Rhode Is land, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (the or ig i nat ion, sale and servic ing of res ident ia l and commercial mortgage loans) at Lincoln Garden, 2901 West Busch Boulevard, Suite 705, Tampa, Flor ida and Corporate Center Two, Suite 100, 4456 Corporation Lane, V i rg in ia Beach, V i rg in ia , the service area for the mortgage banking a c t i v i t i e s would include western Flor ida and V i rg in ia ; the servicing a c t i v i t y would be offered on a nationwide basis, through i t s sub-s i d i a r y , RIHT Mortgage Corporation (6/11/83) 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 author i ty .



New York Barclays Bank PLC and Barclays Bank Internat ional L imi ted, both located i n London, England, request permission to relocate an o f f i ce engaging i n the fo l lowing a c t i v i t i e s (the operation of a consumer f inance business and the sale as agent of related c red i t l i f e , c red i t accident and health and c red i t property insurance, inc luding (A) d i rec t instal lment loans to ind iv iduals and the purchase of r e t a i l i n -stal lment notes [sales f inance] , such as loans made to ind iv idua ls for personal, fami ly or household purposes, inc luding loans secured by real estate and the purchase on a discounted basis of contracts and related secur i ty agreements ar is ing p r i nc i pa l l y from the sale by dealers of t i t l e d goods [ inc lud ing automobiles, mobile homes, t rave l t r a i l e r s and campers, and boat and marine equipment] and household goods [ inc lud ing f u r n i t u r e , t e l ev i s i on sets and appliances] and re lated wholesale f inancing consist ing of f inancing dealers' inventories of automobiles, mobile homes and other cha t te l s , and (B) at the e lect ion of the borrowers from BAC and i t s respective consumer finance subs id ia r ies , sale of c red i t - re la ted insurance, including decreasing term cred i t l i f e insurance, c red i t accident and health insurance, and cred i t property insurance designed to protect the borrower's personal property [ e . g . , household goods] which serves as co l l a te ra l for loans from BAC and i t s subsidiar ies) from 109 N. Church St reet , Mulberry, Flor ida to Suite 408, 2901 West Busch Boulevard, Tampa, F lor ida, through t h e i r consumer finance subs id iar ies , BarclaysAmerican/Financial, Inc . , Barclays-American/Mortgage, Inc. and BarclaysAmerican/Financial Services, Inc. (6/10/83) 3/

New York The Chase Manhattan Corporation, New York, New York, requests permission to establ ish a de novo o f f i ce engaging i n the fol lowing 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 c red i t such as would be made by a commercial f inance, equipment finance or factor ing company, including factor ing accounts receivable, making advances and over-advances on receivables and inventory and business instal lment lending as well as unsecured commercial loans; servicing loans and other extensions of c r e d i t ; leasing on a f u l l payout basis personal property or act ing as agent, broker or advisor i n leasing such property, including the leasing of motor vehicles) at Midtown Tower, Suite

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 author i ty .


H.2, 1983 No. 23 - 1 2 -

New York

Richmond


423, Rochester, New York, through i t s subsidiary, Chase Commercial Corporation (6/4/83) 3/

The Chase Manhattan Corporation, New York, New York, requests permission to establish a de novo of f ice engaging in the following act i v i t ies (maki ny or acquiring, for i t s own account or for the account of others, loans and other extensions of credi t secured by real estate including, but not 1imited t o , f i r s t and second mortgage loans secured by one-to-four family resident ial properties, servicing loans and other extensions of credi t for any person, to o f fer mortgage term l i f e insurance, accident and health insurance and d i sab i l i t y insurance d i rect ly related to the proposed lending and servicing ac t i v i t i es ) in the v i c i n i t y of Palm Beach Lakes Boulevard and 1-95, West Palm Beach, Flor ida, through i t s subsidiary, Chase Home Mortgage Corporation (6/9/83) 3/

V i rg in ia National Bankshares Incorporated, Norfolk, V i rg in ia , no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (making, acquir ing, and servicing fo r i t s own account or for the account of others, loans secured pr inc ipal ly by second mortgages on real property and acting as agent in the sale of real property, and credi t l i f e insurance and credi t accident and health insurance in connection with such loans) at 100 South Pine Island Road, Plantation, F lor ida, through i t s subsidiary, VNB Equity Corporation (6/10/83) 3/

Atlanta

Kansas City

Louisiana Bancorp, I nc . , of intent to engage de

Crowley, Louisiana, no t i f i ca t i on novo in ( [1 ] real property

be leasing a c t i v i t i e s , t h i s ac t i v i t y would be conducted in the State of Louisiana) through i t s subsidiary, Louisiana Bancorp Leasing Company and [2 ] making or acquiring loans and other extensions of credi t such as would be made by a mortgage, f inance, credi t card or factor ing company and in servicing loans and other extensions of credi t for any person) through i t s subsidiary, Louisiana Bancorp Lending Company (6/6/83) 3/

Omaha National Corporation, Omaha, Nebraska, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( in mortgage lending a c t i v i t i e s ; including the extension of residential mortgage loans and the performance of local col lect ion and inspection ac t i v i t i es related thereto) these ac t i v i t i es w i l l be conducted in the states of Missouri and Kansas; through i t s subsidiary, Real banc, Inc. (6/9/83) 3/

37 *(c)(%) n o t i f i c a t i o n processed by Reserve Bank on behalf of the doard of Governors under delegated author i ty .


M. I , I9d3 W . t'i - 1 3 -

ACTiOWS OF THE BOARD - Continued

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

a c t i v i t i e s of providing p o r t f o l i o investment advice 4.real estate] to any person; furnishing general economic information and advice; providing f inancia l advice to state and local governments on methods of financing real estate development projects and performing real estate appraisals) at 1777 North Cal i forn ia Boulevard, Suite 200, Walnut Creek and 3220 Rosemead Boulevard, El Monte, Ca l i fo rn ia , serving a l l f i f t y states and the D is t r i c t of Columbia, through i t s d i rect subsidiary, BA Appraisals, Inc. (a Delaware corporation) (6/6/83) 3/

San kedmond Bancorp, Redmond, Washington, no t i f i ca t i on of frsncisco intent to engage in de novo ac t i v i t i e s (engaging

in the f inancing, ref inancing, buying, se l l i ng , servic ing and warehousing of a l l types of real estate loans secured by mortgages and t rus t deeds; these include, but are not l imited t o , s ingle-family residences, apartments, condominiums, town houses, indust r ia l and commercial real estate loans) these a c t i v i t i e s w i l l be conducted in the Western United States, through i t s wholly-owned subsidiary, Redmond Mortgage Company (6/11/83) 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 author i ty .


H.2, !9j v . 2 3 - 14 -


San f ranci sco

San Francisco

San Francisco

Security Pacif ic Corporation, Los Angeles, Cal i forn ia , no t i f i ca t i on of intent to engage in de novo ac t i v i t i e s ( i n the or ig inat ion and acquisi t ion of mortgage loans, including development and construction loans on mul t i - fami ly and commercial properties for Security Pacif ic Mortgage Corporation's own account or for sale to others; and the servicing of such loans for others) at 2851 South Parker Road, Suite 970, Aurora, Colorado, serving the State of Colorado, through i t s subsidiary, Security Pacif ic Mortgage Corporation (6/11/83) 3/

Security Pacif ic Corporation, Los Angeles, Cal i forn ia, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( i n the or ig inat ion and acquisi t ion of mortgage loans, including development and construction loans on mul t i -family and commercial properties for Security Pacif ic Mortgage Corporation's own account or for sale to others; and the servicing of such loans for others) at 10880 Wilshire Boulevard, Los Angeles, Ca l i fo rn ia , servicing the State of Ca l i fo rn ia , through i t s subsidiary, Security Pacif ic Mortgage Corporation (6/11/83) ZJ

The Toronto-Dominion Bank, Toronto, Ontario, Canada, Toronto-Dominion Hoidings (U.S.A.), Inc. , At lanta, Georgia, no t i f i ca t i on of intent to expand the geographic area and to continue to engage in the fol lowing ac t i v i t i es ( in s o l i c i t i n g , making or acqui ring loans and other extensions of c r e d i t , including permitted leasing [personal property and real property] transactions, for i t s own account as well as in s o l i c i t i ng and servicing credi t for The Toronto-Dominion Bank's agencies, branches and lending subsidiary companies, including marketing credi t and other services offered by, assist ing in tne negotiation of the term of transactions wi th , and servicing and monitoring extensions of cred i t and relat ionships entered into by the en t i t i es described above in accordance wi th the Board's Regulation Y) at One Barclay Plaza, Suite 440, 167 5 Larimer Street, Denver, Colorado, serving the United States, through the i r subsidiary, Toronto-Dominion (Colorado), Inc. (6/6/83) 3/

T/ 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, 1983 No. 23 - 1 5 -


San Francisco

San Francisco

Wells Fargo & Company, San Francisco, Cal i forn ia , n o t i f i -cation of intent to engage in de novo ac t i v i t i es (making or acquiring loans and other extensions of credi t including consumer instal lment loans originated by others and commercial loans secured by a borrower's or guarantor assets; servicing loans for the account of others; making f u l l pay-out leases of personal property; and acting as agent for c red i t l i f e or accident and health insurance related to i t s extensions of credi t in accordance wi th the Board's Regulation Y and T i t l e VI of the Garn-St. Germain Depository Ins t i tu t ions Act of 1982) in Houston, Texas, serving Texas, Arkansas, Louisiana, New Mexico, and Oklahoma, through i t s subsidiary, Wells Fargo Credit Corporation (6/11/83) 3/

Woodburn Bancorp, Woodburn, Oregon, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (leasing real and per-sonal properties and servicing such leases in accordance with the Federal Reserve Board's Regulation Y) at 110 S. Pacif ic Highway, Woodburn, Oregon, serving Woodburn and the surrounding rural area, through i t s subsidiary, Woodburn Bancorp Leasing, Inc. (6/7/83) 3/

~Tf 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, 1983 No. 23 - 16 -

APPLICATIONS RECEIVED

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

New York F ide l i t y Union Bank, Newark, New Jersey. To establ ish 36 o f f s i t e electronic f a c i l i t i e s in New Jersey. 2J

New York Central Trust Company, Rochester, New York. To establ ish an o f f s i t e electronic f a c i l i t y at Wegmans Food Market, 650 Hylan Drive, Town of Henrietta, New York. 1}

* * * * *

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

Dallas Bank of East Texas, Tyler , Texas. 2J

* * * * *

Applications and Not i f icat ions for International Investments and Other Actions Pursuant to Sections

25 and 25(a) of the Federal Reserve Act and Sections 4 (c ) (9 ) , 4 (c ) ( l3 ) and 4(c)(14) of the Bank Holding

Company Act of 1 956, as amended

New York The Bank of New York Company, Inc . , New York, New York: pr ior no t i f i ca t i on of i t s intent to establish a wholly owned de novo company, The Bank of New York Overseas Finance N.V., Curacao, Netherlands Ant i l les .

San Francisco

Crocker National Corporation, Los Angeles, Cal i forn ia: pr ior no t i f i ca t i on of i t s intent to establ ish an export trading company to be located in San Francisco, Cali fo rn ia .

San Francisco

Union Bancorp, Los Angeles, Cal i fo rn ia : pr ior no t i -f i ca t i on of i t s intent to establ ish an export trading company, StanChart Export Services Company.

* * * * *

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, 1983 No. 23 - 17 -

APPLICATIONS RECEIVED - Continued

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

Boston The F i r s t National Bank of Boston, Boston, Massachusetts: pr ior no t i f i ca t i on of i t s intent to open an i n i t i a l branch in Istanbul, Turkey.

* * * * *

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

Philadelphia Northern Lehigh Bancorp, I nc . , Slat ington, Pennsylvania, for approval to acquire 100 percent of the voting shares of Cit izens National Bank of Slat ington, Slat ington, Pennsylvania. 2/

Atlanta Edison Banks, I nc . , Fort Myers, Flor ida, for approval to acquire at least 80 percent of the voting shares of Security National Bank, Fort Myers, Flor ida, a proposed new bank. 2/

At lanta F i rs t National Bancorp of Lewi sbury, I nc . , Lewi sbury, Tennessee, for approval to acquire 100 percent of the voting shares of The F i rs t National Bank of Lewisburg, Lewisburg, Tennessee. 2/

Chicago FORT MADISON FINANCIAL COMPANY, Fort Madison, Iowa, for approval to acquire at least 80.9 percent of the voting shares of Iowa State Bank, Fort Madison, Iowa. 2/

Chicago Horizon Bancorp, Michigan C i ty , Indiana, for approval to acquire 100 percent of the votiny shares of the successor by merger to The First-Merchants National Bank of Michigan Ci ty , Michigan C i t y , Indiana. 2/

Chicago Indiana United Bancorp, Greensburg, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to Union Bank and Trust Company of Greensburg, Greensburg, Indiana. 2/

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


H.2. HS3 No, 23 - 18 -


Chicago Signal Bancorp, Monticel lo, Indiana* for approval to acquire at least 80 percent of the voting shares of the successor by merger to State and Savings Bank* Monticel l o , Indiana. 2/

h , State Banco. L t d . , Sp i r i t Lake, Iowa, for approval to acquire at least 8U percent of the voting snares of The State Bank, Sp i r i t Lake* Iowa. 2/

U,, d i v e r s i t y Bancshares, Inc. , Milwaukee, Wisconsin, for approval to acquire at least 80 percent of the voting shares of University National Bank, Milwaunee, Wisconsin. 2/

1 1 v i L B T Bancshares, I nc . , L i t c h f i e l d , I l l i n o i s , for approval to acquire 10U percent of the voting shares of the successor by merger to L i t ch f ie ld Bank and Trust Company, L i t c h f i e l d , I l l i n o i s . 2/

Merchants State Holding Company, Humboldt, Tennessee, for approval to acquire 100 percent of the voting shares of the successor by merger to Merchants State Bank, Humboldt, Tennessee.

B e n n e t t i nco rpo ra t i on , Bennett, Colorado, for approval to acquire )0U percent of the voting shares of Bennett National Bank, Bennett, Colorado.

j Deport Financial Company* Deport, Texas, fo r approval to acquire at least 80 percent of the voting shares of Deport Bancshares, I nc . , Deport, Texas, and ind i rec t ly The F i rs t National Bank of Deport, Deport, Texas. 2/

Tdllulah Bancshares, Inc . , Tal lu lah, Louisiana, for approval to acquire at least 80 percent of the voting shares of Tal lulah State Bank & Trust Company, Tal lu lah, Louisiana. 2/

Udliat le K r s t Bancshares, Inc.* Houston, Texas, for approval to acquire IUU percent of the voting shares of Industr ia l Bank, Houston, Texas and Northwest Bank and Trust, Houston, Texas. 2/

2/ lYaiforT subject to Community Reinvestment Act. The Community A f fa i rs Off icer of the applicable Reserve Bank may be contacted 4% w lh

M.2, 1983 No. 23 - 19 -


JranClSCO

San frncisco

CG Bancorp, Cottage Grove, Oregon, fo r approval to acquire 100 percent of the voting shares of The Cottage Grove Bar*, Cottage Grove, Oregon. 2/

Frontier Financial Corporation, Everett, Washington, for approval to acquire 100 percent of the voting shares of Frontier Bank, Everett, Washington. 2/

* * * * *

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

Chicago Independence Bank Group, Inc. , Waukesha, Wisconsin, for approval to acquire at least 80 percent of the vot ing shares of The Brown National Bank of Kenosha, Kenosha, Wisconsin. 2/

Kansas City

Kansas City

San Francisco

FirstBank Holding Company and FirstBank Holding Company of Colorado, both of Lakewood, Colorado, for approval to acquire 100 percent of the voting common stock of FirstBank at County Line Road/ Hol ly , N.A., Arapahoe County, Colorado, a proposed new bank. 2/

Republic Bancshares of Missouri, I nc . , Kansas C i t y , Missouri, for approval to acquire at least 90 percent of the voting shares of St. James Bank, St. James, Missouri. 2/

Washington Independent Bancshares, I nc . , Olympia, Washington, for approval to acquire 100 percent of the voting shares of Harbor Security Bank, McCleary, Washington. 2/

* * * * *

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


H.2, 1983 No. 23 - 20 -


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

New York Barclays Bank PLC and Barclays Bank Internat ional L imi ted, both of London, England, request permission to re locate an ex is t ing o f f i c e engaging i n the fo l lowing a c t i v i t i e s (the operation of a consumer finance business and the sale as agent of related c red i t l i f e , c red i t accident and health and cred i t property insurance, including (A) d i rec t instal lment loans to ind iv iduals and the purchase of r e t a i l instal Iment notes [sales f inance] , such as loans made to ind iv iduals for personal, family or house-hold purposes, inc luding loans secured by real es ta te , the purchase on a discounted basis of con-t rac ts and related secur i ty agreements ar is ing p r i nc ipa l l y from the sale by dealers of t i t l e d goods [ inc lud ing automobiles, mobile homes, t rave l t r a i l e r s and campers, and boat and marine equipment] and household goods [ inc lud ing f u r n i t u r e , t e l ev i s i on sets and appliances] and related wholesale f inancing consist ing of f inancing dealers' inventories of auto-mobiles, mobile homes and other cha t te ls , and (B) at the e lec t ion of the borrowers from the respective consumer finance subs id iary , sale of c red i t - re la ted insurance, inc luding decreasing term cred i t l i f e insurance, c red i t accident and health insurance, and c red i t property insurance designed to protect the borrower's personal property [ e . g . , household goods] which serves as co l l a te ra l f o r loans from the sub-s i d i a r y ; c red i t l i f e and c red i t accident and health insurance so sold may be underwritten or reinsured by a f f i l i a t e d insurance underwrit ing subsidiar ies) from 1733 West Carriage S t . , Salt Lake C i t y , Utah to 6053 South State S t . , Murray, Utah, through t he i r subsid iary, BarclaysAmerican Financia l , Inc. (6/9/83)

New York Chemical F i r s t State Corporation, Wilmington, Delaware, requests permission to establ ish a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s ( ( i ) providing data processing and data transmission services, data bases and f a c i l i t i e s for the internal operations of Chemical New York Corporation, including Chemical Bank, Chemical Bank (Delaware) and any other Chemical New York Corporation subsid iar ies; ( i i ) providing to others data processing and transmission services, f a c i l i t i e s , data bases or access to such services, f a c i l i t i e s or data bases by any technological ly feasible means for f i n a n c i a l , banking or economic data; and ( i i i ) providing to others excess capacity


H.2, 1983 No. 23 - 2 1 -


and time sharing on data processing or transmission equipment or f a c i l i t i e s ) at 5 Belmont Dr ive, Somerset, New Jersey, through i t s subsidiary, Chemnetwork Processing Services, Inc. (6/3/83)

New York C i t i co rp , New York, New York, requests permission to expand the a c t i v i t i e s of three ex is t ing o f f ices engaging i n the fo l lowing a c t i v i t i e s (the sale at r e t a i l of money orders and t ravelers checks) at Westbrook Mall Shopping Center, 5605 Xerxes Avenue North, Brooklyn Center, Minnesota; Burnsv i ! le , Minnesota and Ridge Square North Shopping Center, 12977 Ridgedale Drive, Minnetonka, Minnesota, through i t s subsid iar ies, Ci t icorp Homeowners, Inc. and C i t i corp Person-to-Person Financial Center, Inc. (6/7/83)

New York C i t i co rp , New York, New York, requests permission to expand the a c t i v i t i e s and service area of an ex is t ing o f f i c e engaging i n the fol lowing a c t i v i t i e s (the making, acqu i r ing , and serv ic ing, for i t s own account and fo r the account of others, of extensions of c red i t to ind iv iduals secured by l iens on res ident ia l or non-resident ia l real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i rec t l y related to extensions of mortgage loans) at 1150 N. 25th St ree t , Grand Junction, Colorado, through i t s subsid iary, Ci t icorp Person-to-Person Financial Center, Inc. (6/7/83)

New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the a c t i v i t i e s engaging i n the fo l lowing a c t i v i t i e s (making, acqui r ing, and serv ic ing commercial loans and other extensions of c red i t ) at The Centre Bui ld ing, Suite 107, 10100 Linn Stat ion Road, Lou i sv i l l e , Kentucky; Sherwood Tower, Suite 670, 3636 Sherwood Forest Boulevard, Baton Rouge, Louisiana; One Lakeway Center, 3900 N. Causeway Boulevard, Suite 720, Meta i r ie , Louisiana; 6500 Rock Springs Dr ive, Suite 202, Bethesda, Maryland; #3 New England Executive Park, Suite 207, Bur l ington, Massachusetts; Central Square, Of f ice #1, Central Avenue & New Road (Rte. 9 ) , Linwood, New Jersey; The Drake, Oak Brook Plaza, 2215 York Road, Suite 412, Oak Brook, I l l i n o i s ; 24b Perimeter Center Parkway, A t lan ta , Georgia; Paragon Center, Suite 205, 5201 W. Kennedy Boulevard, Tampa, Flor ida; 5100 Bui ld ing, Suite 208, 5100 N. Federal Highway, F t . Lauderdale, F lo r ida ; Oade Savings Bu i ld ing, Suite 154, 151 Wymore Road, Altamonte Springs, F lo r ida ; ENI Bui ld ing,


H.2, 1983 No. 23 - 22 -


Suite 507, 110 110th Avenue, N.E., Bellevue, Washington; Copper Oaks Off ice Park, 7030 S. Yale, Suite 103, Tulsa, Oklahoma; Suite 109, 4490 Holland Off ice Park, Virginia Beach, V i rg in ia ; East Park Executive Center, 6623 Executive Ci rc le , Suite 102, Charlotte, North Carolina; 4015 Executive Park Drive, Suite 302, Cincinnati , Ohio; Diamond Savings Bui lding, 6100 Channing Way Boulevard, Columbus, Ohio; 1425 River Park Drive, Suite 240, Sacramento, Ca l i fo rn ia ; 10445 Lakewood Boulevard, Downey, Cal i forn ia; Great Western Bank Bui ld ing, 5151 E. Broadway, Suite 190, Tucson, Arizona; Ten Corporate Square, Suite 8400, 2155 Louisiana Boulevard, N.E., Albuquerque, New Mexico; 433 South Main Street, West Hartford, Connecticut; Centrum Bui lding, 6363 Poplar Avenue, Suite 430, Memphis, Tennessee; Corporate Square 1, Suite 202, 2420 Mall Drive, North Charleston, South Carolina; 7200 E. Hampden Avenue, Suite 303, Denver, Colorado; 7630 L i t t l e River Turnpike, Suite 110, Annandale, V i rg in ia ; One Eleven East, 11 East Avenue, Suite 205, Norwalk, Connecticut; 6500 W. 95th Street , Overland Park, Kansas; Park Plaza Of f ice, Suite 115, 303 Williams Street , Huntsv i l le , Alabama; One Lincoln Center, Suite 210, 10300 S.W. Greensburg Road, Portland, Oregon; Two East Off ice Bui lding, 400 East Boulevard, Suite 108, Montgomery, Alabama; Independence Plaza Bui lding, #1 Independence Plaza, Homewood, Alabama; Paradise Valley, Suite D, 10321 N. 32nd Street , Phoenix, Arizona; Deer Valley Shopping Center, 4245 Thunderbird Road, Phoenix, Arizona; 2143 N. Academy Boulevard, Colorado Springs, Colorado; 39 Quail Court, Suite 300, Walnut Creek, Cal i fornia and 3633 Cami no Del Rio South, San Diego, Cal i fo rn ia , through i t s subsidiary, Manufacturers Hanover Financial Services Inc. (6/7/83)

Philadelphia American Bancorp, I n c . , Reading, Pennsylvania, n o t i f i -cation of intent to engage in de novo ac t i v i t i e s (making or acquiring loans such as would be made by a mortgage company, and servicing such loans for others) i n i t i a l ac t i v i t i e s would be concentrated in the state of Pennsylvania, New Jersey and Delaware, through i t s subsidiary, Meridian Mortgage Corporation (6/4/83)


23 - 2 3 -


Cleveland PNC Financial Corp, Pittsburgh, Pennsylvania, not i -f i ca t ion of intent to engage in de novo ac t i v i t i es ( i n the or ig inat ion, processing and servicing of mortgage real estate loans by mail ; mail so l i c i -tat ions w i l l be conducted throughout the State of flew York) at 1633 Broadway, New York, New York, through a wholly-owned subsidiary, Kissel1-New York, Inc . , of i t s wholly-owned subsidiary, The Kissel Company (6/7/83)

C PNC Financial Corp, Pittsburgh, Pennsylvania, no t i -f i ca t ion of intent to engage in de novo ac t i v i t i es ( in the or ig inat ion, processing and servicing of mortgage real estate loans by mail; mail so l ic i ta t ions w i l l be conducted throughout the State of New Jersey) at 28 West State Street, Trenton, New Jersey, through a wholly-owned subsidiary, Kissell-New Jersey, Inc. of i t s wholly-owned subsidiary, The Kissel 1 Company (6/7/83)

J r g i n i a National Bankshares, Inc . , Norfolk, Vi rg in ia, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ^making direct consumer installment loans, secured and unsecured, to individuals; purchasing consumer installment sales finance contracts; extending direct loans to dealers for the financing of inventory [ f l oo r planning] and working capital purposes; making, acquiring and servicing, for i t s own account or for

accent of others, loans secured pr inc ipal ly by mortgages on real property; and acting as agent for ?%e s:

H.2, 1983 No. 23 - 24 -

Chicago

Hi iwapo 1 i s


St. Joseph Bancorporation, I nc . , South Bend, Indiana, no t i f i ca t i on of intent to engage in de novo a c t i v i t i e s ( i n o r ig ina t ing , acquir ing, seTTing and servicing res iden t i a l , commercial and indust r ia l mortgage loans) i n Midland, Texas, the geographic area to be served w i l l be approximately a 50-mile radius around Midland, primary counties to be served by t h i s o f f i ce include Midland, Ector, and contiguous counties, through i t s subsidiary, St. Joseph Mortgage Co., Inc. (b/24/83)

Norwest Corporation, Minneapolis, Minnesota (formerly known as Northwest Bancorporation), for approval to Ind i rec t l y engage through a subsidiary, Norwest Financial Massachusetts (formerly known as Dial Finance Company of Massachusetts), i n the sale of cred i t property and cred i t - re la ted casualty insurance related to extensions of cred i t by Norwest Financial Massachusetts from that subsidiary's branch off ices in Massachusetts.

Minneapolis Norwest Corporation, Minneapolis, Minnesota, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (consumer finance, sales finance and commercial f inance, the sale of cred i t l i f e , credi t accident and health and property and cred i t - re la ted casualty insurance related to extensions of credi t by those companies [such sale of c red i t - re la ted insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Gam - St Germain Depository Ins t i tu t ions Act of 1982) and the o f fe r ing for sale and se l l ing of travelers checks) at Pioneer Off ice Center, 2261 Pyramid Way, Sparks, Nevada, serving Sparks, Nevada, Reno, Nevada and nearby communities through i t s subsid iar ies, Norwest Financial Nevada, Inc . , Norwest Financial Nevada 1, Inc. and Norwest Financial Nevada 2, Inc. (6/2/83)

Minneapolis Swift County Financial Corporation, Benson, Minnesota, for approval to engage in general insurance ac t i v i t i es through Swift County Insurance Agency, I nc . , Benson, Minnesota.


H.2, 1983 No. 23 - 2 5 -


San Francisco

San Francisco

Security Pacif ic Corporation, Los Angeles, Cal i forn ia, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (making or acquir ing, for i t s own account or for others, loans and extensions of c red i t , including making consumer installment personal loans, pur-chasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credi t such as would be made by a factoring company or consumer finance company, servicing and leasing a c t i v i t i e s with respect to personal property and equipment and real property, as well as acting as broker or agent for the sale of credi t l i f e , credi t accident and health, and credit property insurance, such insurance ac t i v i t i es being permitted pursuant to Section 601 (A) and (D) of T i t l e VI of the Garn-St Germain Act) at 18552 McArthur Boulevard, Suite 300, I r v ine , Cal i forn ia , serving the State of Ca l i fo rn ia , through i t s subsidiary, Security Pacif ic Finance Corp. d/b/a Security Pacif ic Executive/ Professional Services, Inc. (6/8/83)

Security Pacif ic Corporation, Los Angeles, Cal i forn ia, (making or acquiring for i t s own account or for the account of others, loans and extensions of c red i t , including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credi t such as would be made by a factor ing company or a consumer finance company, and acting as broker or agent for the sale of credi t l i f e , credi t accident and health and credit property insurance, such insurance agency ac t i v i t i es being permitted pursuant to Section 601 (A) and (B) of T i t l e VI of the Garn-St Germain Act) at 5607 Wayzata Boulevard, St . Louis Park, Minnesota, serving the State of Minnesota, through i t s subsidiaries, Security Pacif ic Finance Corp. and Security Pacif ic Finance Money Center Inc. (6/8/83)

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.


Documents

h2_19830611.pdf