h2_19810801.pdf

ANNOUNCEMENT BY

APPLICABLE RESERVE BANK

Chicago

At l a n t a

Chicago

Chicago

Chicago

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2 , 1981 No. 31)

Act ions of the Board; A p p l i c a t i o n s and Reports

Received During the Week Ending August 1, 1981

ACTIONS OF THE BOARD

Statement by Governor Lyle E. Gramley be fore the Senate Forum t o present h i s v iews on the present l e v e l of i n t e r e s t r a t e s .

Regula t ion C r e v i s i o n and s i m p l i f i c a t i o n , which implements the Home Mortgage D i s c l o s u r e Act .

Cont inenta l I l l i n o i s Corporat ion , Chicago, I l l i n o i s , e x -t e n s i o n of time to September 9 , 1982, w i t h i n which to make an a d d i t i o n a l investment in Cont inenta l I l l i n o i s Overseas Finance Corporat ion , N.V. , Curacao, Netherlands A n t i l l e s . J7

ComBanks Corporat ion , Winter Park, F l o r i d a , e x t e n s i o n of time to November 14, 1981, w i t h i n which to consummate the order grant ing approval to acquire 5 1 . 3 percent of the v o t i n g shares of Great American Banks, I n c . , North Miami, F l o r i d a . J7

F i r s t Cary-Grove Corp. , Cary, I l l i n o i s , e x t e n s i o n of time to October 28, 1981, w i t h i n which to become a bank ho ld-ing company through the a c q u i s i t i o n of 100 percent of the v o t i n g shares of the s u c c e s s o r by merger to F i r s t S e c u r i t y Bank of Cary-Gr ove , Cary, I l l i n o i s . _1/

FIRST LINCOLNWOOD CORP., Lincolnwood, I l l i n o i s , e x t e n s i o n of time to November 14, 1981, w i th in which to become a bank holding company through the a c q u i s i t i o n of 80 per-cent of the v o t i n g shares of The F i r s t Nat ional Bank of Lincolnwood, Lincolnwood, I l l i n o i s . JJ

Fox V a l l e y Bancorp, I n c . , Montgomery, I l l i n o i s , e x t e n s i o n of time to November 4 , 1981, w i t h i n which to become a bank hold ing company through the a c q u i s i t i o n of 80 per-cent of the v o t i n g shares of Bank of Montgomery, Montgomery, I l l i n o i s .

1/ A p p l i c a t i o n processed on behalf of the Board of Governors under de legated authori t y .

I

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

H.2, 1981 No. 31 - 2

ACTIONS OF THE BOARD-Continued

A t l a n t a

Chicago

S t . Louis

Chicago

Minneapoli s

San F r a n c i s c o

Great American Bancorp, North Miami, F l o r i d a , e x t e n s i o n of time to October 25, 1981, w i th in which to become a bank holding company through the a c q u i s i t i o n of Great American Banks, I n c . , North Miami, F lor ida and ComBanks Corporat ion, Winter Park, F l o r i d a . J L /

IDA GROVE BANCSHARES, INC., Ida Grove, Iowa, e x t e n s i o n of time to September 2 , 1981, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of 95 percent or more of the v o t i n g shares of Ida County S t a t e Bank, Ida Grove, Iowa. J L /

Landmark Bancshares Corporat ion , S t . Lou i s , M i s s o u r i , e x -t e n s i o n of time to October 30 , 1981, w i t h i n which to acquire and open Landmark Bank of Sunset H i l l s , N .A . , Sunset H i l l s , M i s s o u r i , a proposed new bank. J L /

American S t a t e Bank of Bloomington, Blocmington, I l l i n o i s , an investment in bank premises . JL/

Bank of B e l l e Fourche, B e l l e Fourche, South Dakota, an investment in bank premises . \ J

F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s , C a l i -f o r n i a , e x t e n s i o n of time to August 14, 1982, wi th in which to e s t a b l i s h a branch o f f i c e at the southeas t corner of Orange and Doran S t r e e t s , C i t y of Glendale , C a l i f o r n i a . 1/

New York Manufacturers and Traders Trust Company, B u f f a l o , New York, an a d d i t i o n a l investment in bank premises . I f

New York Merchants Bank of New York, New York, New York, an a d d i t i o n a l investment i n bank premises . J /

Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a , e x t e n s i o n of time to October 26, 1981, w i t h i n which to merge with The F i r s t Nat ional Bank of Radford, Radford, V i r g i n i a . 1/

Kansas Ci ty Va l l ey Bank and Trust , Glenwood Spr ings , Colorado, per-m i s s i o n to e x e r c i s e f u l l t r u s t powers. J L /

A t l a n t a Bank of S t . Charles and Trust Company, L u l i n g , L o u i s i a n a , proposed merger with F i r s t Bank - S t . C h a r l e s , L u l i n g , Loui s iana; report to the Federal Depos i t Insurance Corporation on c o m p e t i t i v e f a c t o r s . 1/

I f A p p l i c a t i o n processed on behal f of the Board of Governors under de l ega ted a u t h o r i t y .


H.2, 1981 No. 31 - 3 -


Chicago Commercial Inter im National Bank, Chicago, I l l i n o i s , pro-posed merger with Commercial Nat ional Bank of Chicago, Chicago, I l l i n o i s , under the charter of Commercial Interim Nat ional Bank, Chicago, I l l i n o i s and t i t l e of Commercial Nat ional Bank of Chicago, Chicago, I l l i n o i s ; report to the Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . 1/

Chicago Evergreen P laza Bank, Evergreen Park, I l l i n o i s , proposed merger with EPB Bank, Evergreen Park, I l l i n o i s , under the charter of EPB Bank, Evergreen Park, I l l i n o i s and t i t l e of Evergreen Plaza Bank, Evergreen Park, I l l i n o i s ; report to the Federal Depos i t Insurance Corporation on c o m p e t i t i v e f a c t o r s . I f

F i r s t I n t e r s t a t e Bank of Denver, Denver, Colorado, pro-posed merger with New American Nat ional Bank, Denver, Colorado; report to the Comptrol ler of the Currency on c o m p e t i t i v e f a c t o r s . JL/

F i r s t Nat ional Bank of Maryland, Bal t imore , Maryland, pro-posed merger with The Farmers and Merchants Nat iona l Bank of Cambridge, Cambridge, Maryland; report to the Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . 1/

F i r s t Secur i ty Bank of Utah N.A. , Ogden, Utah, proposed merger with s i x current a f f i l i a t e banks, under the char ter and t i t l e of F i r s t Secur i ty Bank of Utah N.A.; report to the Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . _1/

Kirby S t a t e Bank, Kirby, Texas , proposed merger w i t h New Bank of Kirby, Kirby, Texas; report to the Federal Depos i t Insurance Corporat ion on c o m p e t i t i v e f a c t o r s . JJ

McPherson S t a t e Bank, Howell , Michigan, proposed merger with MSB Bank, Howel l , Michigan, under the charter of McPherson S t a t e Bank, Howell , Michigan, and t i t l e of McPherson S t a t e Bank, Howel l , Michigan; report to the Federal Depos i t Insurance Corporation on c o m p e t i t i v e f a c t o r s . JL/

San P a c i f i c City Bank, Huntington Beach, C a l i f o r n i a , proposed F r a n c i s c o merger with the Sumitomo Bank of C a l i f o r n i a , San F r a n c i s c o ,

C a l i f o r n i a , under the charter and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporation on c o m p e t i t i v e f a c t o r s . 1/

Kansas Ci ty

Richmond

San F ranci sco

Dal l a s

Ch i cago

1/ A p p l i c a t i o n processed on behalf of the Board of Governors under de legated a u t h o r i t y .


H.2, 1981 No. 31 4 -


Richmond Patuxent Bank and Trust Company, Prince Freder ick , Maryland, (an organiz ing bank), proposed merger with Calvert Bank and Trust Company, Prince Freder ick , Maryland; report to the Federal Deposit Insurance Corporation on compet i t ive f a c t o r s . J7

San Sub-Merge Corporat ion, Gardena, C a l i f o r n i a , proposed merger Franc i sco with Republic Bank, Gardena, C a l i f o r n i a , under the charter

and t i t l e of Republic Bank; report to the Federal Deposit Insurance Corporation on compet i t ive f a c t o r s . J L /

Dal las Texas Commerce Bank-Staf ford , N .A. , Houston, Texas, proposed merger with F i r s t Nat ional Bank of S t a f f o r d , Houston, Texas; report to the Comptroller of the Currency on compet i t i ve f a c t o r s . 1/

Chicago TFB Bank, Carmel, Indiana , proposed merger wi th The F i d e l i t y Bank of Indiana, Carmel, Indiana, under the chater of TFB Bank, Carmel, Indiana and t i t l e of The F i d e l i t y Bank of Indiana, Carmel, Indiana; report to to the Federal Deposit Insurance Corporation on compet i t ive f a c t o r s , \ J

T7 A p p l i c a t i o n processed on behalf of the Board of Governors under de legated a u t h o r i t y .

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

H . 2 , 1981 No. 31 - 5 -

ACTIONS OF THE BOARP-Continued

To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 o f the F e d e r a l Reserve Act

Approved New York Manufac turers and Traders Trust Company, B u f f a l o , New York.

To e s t a b l i s h a branch at 2303 Delaware Avenue, B u f f a l o , New York. I f

P h i l a d e l p h i a Girard Bank, Bala Cynwyd, P e n n s y l v a n i a . To e s t a b l i s h 4 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 a t the f o l l o w i n g l o c a -t i o n s :

Chicago

New F a l l s and Edgely Roads L e v i t t o w n , Pennsy lvan ia _1/

213 West S t r e e t Road F e a s t e r v i l l e , Pennsy lvan ia I f

Lanenco Market F i f t e e n t h and A l l e n S t r e e t s A l l e n t o w n , P e n n s y l v a n i a _1/

B i g g i n s , Shore and Guerra R e a l t o r s One East Germantown Pike N o r r i s t o w n , P e n n s y l v a n i a . I f

DeMotte S t a t e Bank, DeMotte, I n d i a n a . To e s t a b l i s h a branch a t 325 North B a l l e c k S t r e e t , DeMotte, I n d i a n a . 1/

San F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s , C a l i -F r a n c i s c o f o r n i a . To e s t a b l i s h a branch o f f i c e i n t h e v i c i n i t y

of the i n t e r s e c t i o n of S u n r i s e Boulevard and Colma Road, Unincorporated Community of Rancho Cordova, Sacramento County, C a l i f o r n i a . \ J

* * * * *

I s s u e d I n t e n t Not t o Disapprove Change o f Contro l Pursuant t o Change i n Bank Contro l Act of 1978

Not Disapproved Richmond Farmers and Merchants Bank of S u m m e r s v i l l e , S u m m e r s v i l l e ,

West V i r g i n i a .

1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2 , 1981 No. 31 - 6 -


A p p l i c a t i o n s arid N o t i f i c a t i o n s for I n t e r n a t i o n a l I n v e s t -ments and Other Act ions Pursuant to S e c t i o n s 25 and 25(a ) of the Federal Reserve Act and Sec t ions 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956

Approved P h i l a d e l p h i a Provident I n t e r n a t i o n a l Corporat ion, P h i l a d e l p h i a , Penn-

s y l v a n i a : grants consent to amend A r t i c l e Third of i t s A r t i c l e s of A s s o c i a t i o n to change the l o c a t i o n of the home o f f i c e from P h i l a d e l p h i a , Pennsy lvania to Wilmington, Delaware.

Canadian Imperial Bank of Commerce, Toronto, Canada: per -mis s ion to e s t a b l i s h a branch at United S t a t e s S t e e l B u i l d i n g , 600 Grant S t r e e t , P i t t s b u r g h , Al legheny County, Pennsy lvan ia . JJ

S ix ty Day N o t i f i c a t i o n Per iod Allowed t o Expire BankAmerica Corporat ion , San F r a n c i s c o , C a l i f o r n i a : no

o b j e c t i o n to make an a d d i t i o n a l investment in Finance-America Canada, L imi ted , Ontar io , Canada.

Secur i ty P a c i f i c Corporat ion, Los Ange les , C a l i f o r n i a : no o b j e c t i o n to make i n i t i a l investments i n up to three newly-formed o f f s h o r e f i n a n c e s u b s i d i a r i e s , S e c u r i t y P a c i f i c Overseas F inance , N . V . , S e c u r i t y P a c i f i c I n t e r n a t i o n a l Finance both of the Netherlands A n t i l l e s and Secur i ty P a c i f i c I n t e r n a t i o n a l Finance B . V . , the Nether lands .

* * * * *

To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o S e c t i o n 25 of the Federal Reserve Act

Approved Bank of Boston I n t e r n a t i o n a l South, Miami, F l o r i d a : grants

consent to e s t a b l i s h a branch in Grand Cayman, Cayman I s l a n d s .

1/ A p p l i c a t i o n processed on beha l f of the Board of Governors under de l ega ted a u t h o r i t y .

i

Cleve l and

San Franci s co

San Franci sco

Bos ton


H.2, 1981 No. 31 7 -


To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956

Approved Cleveland Peoples Exchange Bancorp, I n c . , B e a t t y v i l l e , Kentucky,

for approval to acquire at l e a s t 80 percent of the v o t i n g shares of The Peoples Exchange Bank of Beat t y -v i l l e , B e a t t y v i l l e , Kentucky. JJ

A t l a n t a Central Bancorp, I n c . , N a s h v i l l e , Tennessee , for approval to acquire 93 .14 percent of the v o t i n g shares of C i t i z e n s Central Bank, Murfreesboro, Tennessee .

Chicago Bernent Bancshares , I n c . , Bement, I l l i n o i s , f o r approval to acquire at l e a s t 80 percent of the v o t i n g shares of S t a t e Bank of Bement, Bement, I l l i n o i s . JL/

S t . Louis C i t i z e n s S t a t e Bankshares of Bald Knob, I n c . , Bald Knob, Arkansas, f o r approval to acquire 9 6 . 5 percent of the v o t i n g shares of C i t i z e n s S t a t e Bank, Bald Knob, Arkansas. 1/

S t . Louis

Minneapoli s

SBT Bancorp, I n c . , Mt. Carmel, I l l i n o i s , f o r approval to acquire a t l e a s t 100 percent of the v o t i n g shares of the s u c c e s s o r by merger to S e c u r i t y Bank and Trust Co . , Mount Carmel, I l l i n o i s . JL/

Southwest Bancorporat ion , Minneapol i s , Minnesota, f o r ap-proval to acquire 9 8 . 0 percent of the v o t i n g shares of F i r s t American S t a t e Bank of Brownsdale, Brownsdale, Minnesota . 1/

Kansas C i ty Burchard Bankshares, I n c . , Tecumseh, Nebraska, f o r approval to acquire at l e a s t 9 9 . 1 percent of the v o t i n g shares of S t a t e Bank of Bur chard , Bur chard , Nebraska. J L /

Kansas Ci ty Fort Gibson Bancshares , I n c . , Fort Gibson, Oklahoma, for approval to acquire 86 percent of the v o t i n g shares of Fort Gibson S t a t e Bank, Fort Gibson, Oklahoma. \ J

D a l l a s Bent Tree Bancshares , I n c . , D a l l a s , Texas, f or approval to acquire at l e a s t 80 percent of the v o t i n g shares of Bent Tree Nat ional Bank, Addison, Texas . 1/

1/ A p p l i c a t i o n processed on behal f of the Board of Governors under de legated a u t h o r i t y .


H.2 , 1981 No. 31 - 8 -


D a l l a s City Bancshares , I n c . , Mineral W e l l s , Texas , f o r approval to acquire at l e a s t 80 percent of the v o t i n g shares of The City Nat iona l Bank of Mineral Wel l s , Mineral W e l l s , Texas . 1/

* * * * *

To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956

Approved A t l a n t a AmSouth Bancorporat ion , Birmingham, Alabama, for approval

to acquire 100 percent of the v o t i n g shares of the suc-c e s s o r by merger to F i r s t Nat iona l Bank of Autauga County, P r a t t v i l l e , Alabama. \ J

S t . Louis Boatmen's Bancshares , I n c . , S t . Lou i s , M i s s o u r i , for ap-proval to acqu ire 90 percent of the v o t i n g shares of Mountain Grove Nat iona l Bank, Mountain Grove, M i s s o u r i . 1/

Kansas Ci ty Wyoming Bancorporat ion , Cheyenne, Wyoming, f o r approval to acquire 100 percent of the v o t i n g shares of F i r s t Wyoming Bank, N . A . , T o r r i n g t o n , Wyoming, a proposed new bank. 1/

D a l l a s Westex Bancorp, I n c . , Del R io , Texas , for approval to acquire 100 percent of the v o t i n g shares of The F i r s t S t a t e Bank, B r a c k e t t v i l l e , Texas . 1/

* * * * *


Approved D a l l a s F i r s t I n t e r n a t i o n a l Bancshares , I n c . , D a l l a s , Texas , for

approval to merge w i t h F i r s t Bancorp, I n c . , Cors icana, Texas . 1/

17 A p p l i c a t i o n processed on beha l f of the Board of Governors under de l ega ted a u t h o r i t y .


H.2, 1981 No. 31 - 9


To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956

Approved New York JCT Trust Company Limi ted , Otzar Hityashvuth HayeHudim

B.M. and Bank Leumi l e - I s r a e l B.M., a l l of Tel Aviv, I s r a e l , for approval to engage through t h e i r s u b s i d i a r y , Leumi S e c u r i t i e s Corporat ion , New York, New York, i n (1 ) e x e c u t i n g u n s o l i c i t e d purchases and s a l e s of s e c u r i t i e s as agent s o l e l y upon the order and f o r the account of customers; (2) providing c u s t o d i a l s e r v i c e s for such s e c u r i t i e s ; (3) a c t i n g as managing agent for the s e c u r i t i e s of customers; and ( 4 ) buying and s e l l i n g gold and s i l v e r co in and b u l l i o n for the account of o t h e r s .

D a l l a s F i r s t I n t e r n a t i o n a l Bancshares , I n c . , D a l l a s , Texas , for approval to acquire a l l of the outs tanding shares of F i r s t Bancorp Insurance Company, Cors i cana , Texas and to acquire a l l of the outs tanding shares of Old R e l i a b l e Mortgage Company, Cors i cana , Texas . J7

R e a c t i v a t e d Richmond V i r g i n i a Nat ional Bankshares, I n c . , Norfo lk , V i r g i n i a , no-

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, a c q u i r i n g , and s e r v i c i n g for i t s own account or for the account of o t h e r s , loans secured p r i n c i p a l l y by second mortgages on r e a l property; and a c t i n g as agent in the s a l e of c r e d i t l i f e insurance and c r e d i t acc ident and h e a l t h insurance in c o n n e c t i o n with such loans) at 2699 Lee Road, Winter Park, F l o r i d a , through i t s sub-s i d i a r y , VNB Equity Corporat ion ( 7 / 3 0 / 8 1 ) 3/

Permitted New York Chemical New York Corporat ion , New York, New York, r e q u e s t s

permiss ion to r e l o c a t e an e x i s t i n g o f f i c e engaging in the f o l l o w i n g a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s : making d i r e c t l o a n s , purchasing i n s t a l l m e n t s a l e s f inance c o n t r a c t s , and a c t i n g as agent or broker for the s a l e of c r e d i t r e l a t e d insurance) from 1101 Greene S t r e e t , Augusta to 3106 Wrightsboro Road, Augusta, Georgia , through i t s s u b s i d i a r y , Sunamerica F inanc ia l Corporation ( 7 / 2 9 / 8 1 ) 3/

1/ A p p l i c a t i o n processed on behalf of the Board of Governors under de legated 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 behal f of the Board of Governors under d e l e g a t e d a u t h o r i t y .

I


H.2, 1981 No. 31 — 1 0 —


New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to e s t a b -l i s h a de novo o f f i c e of i t s s u b s i d i a r y , C i t i c o r p Washington I n d u s t r i a l Loan Company and to expand the s e r v i c e area of an e x i s t i n g o f f i c e of i t s s u b s i d i a r y , C i t i c o r p Washington F inanc ia l Center , I n c . both to invo lve the f o l l o w i n g a c t i v i t y ( t h e s e r v i c i n g , for any person, of loans and other e x t e n s i o n s of c r e d i t ) at 3 South Sound Center, Lacey, Washington, through i t s s u b s i d i a r i e s , C i t i c o r p Washington I n d u s t r i a l Loan Company and C i t i c o r p Washington F i n a n c i a l Center , Inc . ( 7 / 2 8 / 8 1 ) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to e s t a b -l i s h a dje novo o f f i c e of i t s s u b s i d i a r y , C i t i c o r p Washington I n d u s t r i a l Loan Company and to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e of i t s s u b s i d i a r y , C i t i c o r p Washington F inanc ia l Center , I n c . , both to invo lve the f o l l o w i n g a c t i v i t y ( t h e s e r v i c i n g , for any person, of loans and other e x t e n s i o n s of c r e d i t ) at Sea Tac V i l l a g e , 31810 P a c i f i c Highway South, Federal Way, Washington, through i t s s u b s i d i a r i e s , C i t i c o r p Washington I n d u s t r i a l Loan Company and C i t i c o r p Washington F i n a n c i a l Center , Inc. ( 7 / 2 8 / 8 1 ) 2 /

New York Manufacturers Hanover Corporat ion, New York, New York, r e q u e s t s permiss ion to r e l o c a t e an e x i s t i n g o f f i c e and to expand the s e r v i c e area of the r e l o c a t e d o f f i c e engaging i n the follow^-ing a c t i v i t i e s ( o r i g i n a t i n g mortgage loans ) from F i r s t Nat iona l Bank B u i l d i n g , One F i r s t Nat ional P l a z a , S u i t e 1236, Davton, Ohio, t o F i n a n c i a l South O f f i c e Park, 5335 Far H i l l s Avenue, Dayton, Ohio, t o serve customers in Montgomery County and would a l s o serve customers i n Green and Warren Count ie s , through i t s s u b s i d i a r y , Manufacturers Hanover Mortgage Corporat ion ( 7 / 3 0 / 8 1 ) 3 /

P h i l a d e l p h i a Bancorp of Pennsy lvan ia , Reading, Pennsy lvan ia , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( u n d e r w r i t i n g , as r e i n s u r e r , c r e d i t l i f e and c r e d i t acc ident and h e a l t h i n -surance d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t by A p p l i c a n t ' s s u b s i d i a r y bank, Bank of Pennsy lvania) at a o f f i c e in Phoenix , Ar izona , the geographic area to be served i s s o u t h e a s t e r n P e n n s y l v a n i a , through i t s s u b s i d i a r y , C a l l o w h i l 1 L i f e Insurance Company ( 7 / 2 7 / 8 1 ) .3/

37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2, 1981 No. 31 - 1 1 -


Richmond V i r g i n i a Nat ional Bankshares, I n c . , N o r f o l k , V i r g i n i a , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account or for the account of o t h e r s , loans secured p r i n c i p a l l y by second mortgages on rea l property; and a c t i n g as agent in the s a l e of c r e d i t l i f e insurance and c r e d i t acc ident and h e a l t h insurance in connec t ion w i t h such l o a n s ) at 2699 Lee Road, Winter Park, F l o r i d a , through i t s sub-s i d i a r y , VNB Equity Corporat ion ( 7 / 2 1 / 8 1 ) 3/

37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on beha l f of the Board of Governors under d e l e g a t d a u t h o r i t y .


H.2, 1981 No. 31 - 12 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of the Federal Reserve Act

New York Long Is land Trust Company, Garden C i t y , New York. Requests permiss ion to e s t a b l i s h a b r a n c h o f f i c e at 46-49 54th Avenue, Maspeth, New York. 27

New York S t a t e Bank of Albany, Albany, New York. Requests permiss ion 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 on the th ird f l o o r of the United Bank Corporation of New York Head-quarters Bui ld ing located at 1450 Western Avenue, Town of Guilder land, Albany County, New York. 2 j

P h i l a d e l p h i a Girard Bank, Bala Cynwyd, Pennsy lvan ia . 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 i e s at the f o l l o w i n g l o c a t i o n s :

Lansdowne Commuter Rail S t a t i o n Lansdowne & Madison Avenue Lansdowne, Pennsy lvania 2j

Wal l ingford Commuter Rail S t a t i o n Possum Hollow Road at Kershaw Avenue Nether Providence , Pennsy lvania 2J

Church Lane & Guenther Road Yeadon, Pennsylvania 7J

Media Commuter Rail S t a t e Orange Avenue, a t Media S t a t i o n Road Media, Pennsy lvania 2j

Secane Commuter Rail S t a t i o n Providence Road at South Avenue Upper Darby, Pennsylvania 2/

Prudent ia l B u i l d i n g , South S e r v i c e Core "C" Welsh & B l a i r Roads Dresher, Pennsylvania 2_/

7226-7234 Germantown Avenue P h i l a d e l p h i a , Pennsy lvania . 2 /

2 / A p p l i c a t i o n subject to Community Reinvestment Act . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contac ted as to the l ength of the comment per iod .

I


H.2, 1981 No. 31 - 13 -

APPLICATIONS RECEIVED-Continued

A t l a n t a North F i r s t Bank, North Fort Myers, F l o r i d a . To e s t a b -l i s h a branch o f f i c e to be l o c a t e d a t 1321 S.E. 47th Terrace , Cape Coral , F l o r i d a . 2/

A t l a n t a Gulf Coast Bank of P i n e l l a s , Madeira Beach, F l o r i d a . To e s t a b l i s h a branch o f f i c e to be located at the i n t e r -s e c t i o n of Ridge Road (113th S t r e e t North) and IJlmerton Road on the nor theas t corner adjo in ing Family Mart Supermarket, Largo, F l o r i d a . 2 /

A t l a n t a Exchange Bank and Trust Company of F l o r i d a , Tampa, F l o r i d a . To e s t a b l i s h a branch o f f i c e to be l o c a t e d at the south-e a s t corner of the i n t e r s e c t io of 12th Avenue and U.S. Highway 301 in Z e p h y r h i l I s , F l o r i d a . 2/

* * * * *

A p p l i c a t i o n s and N o t i f i c a t i o n s for I n t e r n a t i o n a l I n v e s t -ments and Other Act ions Pursuant to S e c t i o n s 25 and 2 5 ( a ) of the Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended

New York Cit ibank Overseas Investment Corporat ion , Wilmington, Delaware: pr ior n o t i f i c a t i o n of i t s i n t e n t to acquire 70 percent of the common v o t i n g share sof De Novo Leasing Company, Jakarta , I n d o n e s i a .

* * * * *

To Organize , or Invest i n , a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to S e c t i o n 25 or 25 (a ) of the Federal Reserve Act

D a l l a s Texas Commerce Bank, N .A . , Houston, Texas: r e q u e s t s consent to e s t a b l i s h an Edge Corporation in Houston, Texas to be known as Texas Commerce I n t e r n a t i o n a l Bank and to e s t a b l i s h a branch of the Edge in New York, New York.

2 / A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contac ted^ as to the l ength of the comment per iod .

I


H.2, 1981 No. 31 - 1 4 -


Chicago

S t . Louis

S t . Louis

S t . Louis

S t . Louis

Minneapol i s

Minneapol is

Minneapol i s

Kansas City

To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956

Cedar Linn Investment Co . , L i sbon , Iowa, f o r approval to acquire 9 8 . 9 percent or more of the v o t i n g shares of Lisbon Bank and Trust Company, L i sbon , Iowa. 2 /

Cairo/Moberly Bancshares , I n c . , Moberly, M i s s o u r i , for approval to acquire at l e a s t 80 percent of the v o t i n g shares of Bank of Cairo and Moberly, Moberly, Mis sour i . 2 /

C l in t Banc Corp. , B a r t e l s o , I l l i n o i s , f or approval to acquire at l e a s t 84 .84 percent of the v o t i n g shares of B a r t e l s o Savings Bank, B a r t e l s o , I l l i n o i s . 2 /

F i r s t F i n a n c i a l Bancshares , I n c . , Arkadelphia , Arkansas, for approval to acquire at l e a s t 80 percent of the v o t i n g shares of Merchants and P l a n t e r s Bank and Trust Company, Arkadelphia , Arkansas. 2 j

F i r s t Granite Bancorporat ion , I n c . , Granite C i t y , I l l i n o i s , for approval t o acquire 100 percent of the v o t i n g shares of the s u c c e s s o r by merger to F i r s t Granite Ci ty Nat iona l Rank, Granite C i t y , I l l i n o i s . 2 /

Banc 1 Minnesota, Wayzata, Minnesota , for approval to acquire 100 percent of the v o t i n g shares of F i r s t National Bank of Wayzata, Wayzata, Minnesota. 2 j

Johnson Bancshares , I n c . , C h a t f i e l d , Minnesota, f o r approval to acquire 82 .2 percent of the v o t i n g shares of Root River S t a t e Bank, C h a t f i e l d , Minnesota. 2 j

P r a i r i e Bancshares Corporat ion , Shelby, Montana, for ap-proval to acquire at l e a s t 9 9 . 4 percent of the v o t i n g shares of The F i r s t S t a t e Bank of She lby , She lby , Montana. 2J

Byers Bancshares , I n c . , Cre te , Nebraska, f o r approval to acquire Byers S t a t e Bancshares , I n c . , Byers , Colorado and i n d i r e c t l y a t l e a s t 8 7 . 7 percent of the v o t i n g shares of The Byers S t a t e Bank, Byers , Colorado. 2 /

2J A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contac ted as to the l ength of the comment per iod .

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

H.2, 1981 No. 31 - 1 5 -

APPLICATIONS RECEIVED-Cont inued

Kansas City F i r s t Enid, I n c . , Enid, Oklahoma, f o r approval to acquire 100 percent of the v o t i n g shares of The F i r s t Nat ional Bank and Trust Company of Enid, Enid, Oklahoma. 2j

Kansas Ci ty F i r s t Pioneer Bank Corp. , Brush, Colorado, for approval t o acqu ire at l e a s t 80 percent of the v o t i n g shares of The Farmers S t a t e Bank of Brush, Brush, Colorado. 2J

Kansas City S t a t e Exchange Bancshares , I n c . , Lamont, Oklahoma, f o r approval to acquire a t l e a s t 80 percent of the v o t i n g shares of The S t a t e Exchange Bank, Lamont, Oklahoma. 2j

Kanas Ci ty Washita Bancshares , I n c . , Burns F l a t , Oklahoma, for ap-proval to acquire at l e a s t 80 percent of the v o t i n g shares of Washita S t a t e Bank, Burns F l a t , Oklahoma. 2_/

D a l l a s Cont inenta l Nat ional Bancshares , I n c . , El Paso, Texas , f or approval to acquire at l e a s t 80 percent of the vo t ing shares of Cont inenta l Nat ional Bank, El Paso, Texas . 27

D a l l a s Parmer County F i n a n c i a l Corporat ion, Bovina, Texas , for approval to acqu ire at l e a s t 80 percent of the v o t i n g shares of Bovina Bancshares , I n c . , Bovina , Texas and i n d i r e c t l y F i r s t S t a t e Bank of Bovina, Bovina, Texas . 2/

* * * * *


Richmond M e r c a n t i l e Bankshares Corporat ion, Ba l t imore , Maryland, for approval to acquire 100 percent of the v o t i n g shares of the s u c c e s s o r by merger to Calvert Bank and Trust Company, Pr ince Freder i ck , Maryland. 2 /

A t l a n t a Caribank Corporat ion , Dania, F l o r i d a , for approval t o acquire at l e a s t 99 percent of the v o t i n g shares of The Dania Bank, Dania, F l o r i d a . 27

27 A p p l i c a t i o n subject to Community Reinvestment Act . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contac ted as to the l ength of the comment per iod .

i


H.2, 1981 No. 31 - 16 -


Kansas City S t a p l e t o n Bancorporat ion , L t d . , Denver, Colorado, f or ap-proval to acquire 91 .87 percent of the v o t i n g shares of Dominion National Bank of Denver, Denver, Colorado, a proposed new bank. 27

D a l l a s F i r s t Western Bancshares , I n c . , Houston, Texas , f o r ap-proval to acquire 100 percent of the v o t i n g shares of F i r s t Western Bank, Houston, Texas , a proposed new bank. 2 /

D a l l a s Mercant i l e Texas Corporat ion , D a l l a s , Texas , f or approval to acquire 100 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g shares ) of the v o t i n g shares of Garland Bank & Trust Co . , Garland, Texas . 2]

* * * * *


Da l la s Mercant i l e Texas Corporat ion , D a l l a s , Texas , for approval to acquire 100 percent of the v o t i n g shares of PanNational Group I n c . , El Paso, Texas and i n d i r e c t l y acquire The S t a t e National Bank of El Paso, El Paso; The F i r s t Nat ional Bank of Waco, Waco; B a s s e t t Nat ional Bank of El Paso; El Paso; Frankl in National Bank; and V i s t a H i l l s Bank of El Paso; a l l l o c a t e d in Texas. 2 /

* * * * *

To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956

Boston I n d u s t r i a l Nat ional Corporat ion, Providence , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( ( i ) consumer f inance and ( i i ) insurance agency i n v o l v -ing the s a l e of c r e d i t l i f e , c r e d i t acc ident and h e a l t h and c r e d i t property insurance so ld in c o n n e c t i o n with e x t e n s i o n s of c r e d i t ; the c r e d i t l i f e and c r e d i t a c c i -dent and h e a l t h insurance would be re insured by an

2 / A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l ength of the comment per iod .

I


H.2 , 1981 No. 31 - 17 -


a f f i l i a t e , Consumer L i f e Insurance Company) at Merchants V i l l a g e of Mart inez , Columbia Road, Mart inez , Georgia, through i t s i n d i r e c t s u b s i d i a r y , Southern Discount Company of Georgia ( 7 / 3 1 / 8 1 )

New York Bankers Trust New York Corporat ion , New York, New York, r e q u e s t s permiss ion to e s t a b l i s h a de novo o f f i c e en-gaging in the f o l l o w i n g a c t i v i t i e s T a c t i n g as i n v e s t -ment or f i n a n c i a l adv i ser to the ex tent of ( i ) provid-ing p o r t f o l i o investment a d v i c e , f i n a n c i a l management, and s e c u r i t y a n a l y s i s ; ( i i ) f u r n i s h i n g general economic in format ion and a d v i c e , general economic s t a t i s t i c a l f o r e c a s t i n g s e r v i c e s and industry s t u d i e s ; the primary geographic area to be served i s Palm Beach County; c l i e n t s l o c a t e d e l sewhere in the S t a t e of F l o r i d a w i l l a l s o be served from t h i s l o c a t i o n ) at 230 Royal Palm Way, Palm Beach, F l o r i d a , through i t s s u b s i d i a r y , BT Investment Managers, I n c . ( 7 / 3 1 / 8 1 )

New York B a r c l a y s Bank Limi ted , London, England and Barc lays Bank I n t e r n a t i o n a l Limited , London, England, r e q u e s t s per-m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e engaging in the f o l l o w i n g a c t i v i t i e s ( s e r v i c i n g and admin i s t er ing com-mercia l l o a n s made to customers in n o r t h e a s t e r n United S t a t e s by the n o r t h e a s t marketing c e n t e r ) from 30 Founders P l a z a , East Hart ford , Connect icut to Western Boulevard, Glastonbury, Connec t i cut , through t h e i r sub-s i d i a r y , Bare laysAmerican/Bus iness C r e d i t , Inc. ( 7 / 2 9 / 8 1 )

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e i n c l u d i n g the f o l l o w i n g a c t i v i t y ( the s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance p r o t e c t i n e r e a l and personal property subjec t to a s e c u r i t y agreement wi th C i t i c o r p Acceptance Company, Inc . to the extent per-m i s s i b l e under a p p l i c a b l e S t a t e insurance laws and r e g u l a t i o n s ; the s e r v i c e area for t h i s a c t i v i t y w i l l be comprised of the e n t i r e S t a t e of Texas) at 2426 Cee Gee S t r e e t , S u i t e 202 , San Anton io , Texas, through i t s s u b s i d i a r y , C i t i c o r p Acceptance Company, Inc . ( 7 / 2 9 / 8 1 )

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to expand the a c t i v i t i e s of a proposed de novo o f f i c e engaging i n the f o l l o w i n g a c t i v i t y ( t h e s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance p r o t e c t i n g rea l and personal property subjec t to a s e c u r i t y a g r e e -ment with C i t i c o r p Acceptance Company, Inc . to the


H 2 , 1981 No. 31 - 1 8 -

APPLICATIONS RECEIVED-Cont inued

e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e insurance laws and r e g u l a t i o n s ; the s e r v i c e area for t h i s a c t i v i t y w i l l be comprised of the e n t i r e S t a t e s of Missouri and I l l i n o i s ) a t 666 Mason Ridge Center Drive , S t . L o u i s , Mis sour i , through i t s s u b s i d i a r y , C i t i c o r p Acceptance Company, Inc. ( 7 / 2 9 / 8 1 )

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to expand the a c t i v i t i e s of e x i s t i n g o f f i c e s i n c l u d i n g the f o l l o w i n g a c t i v i t i e s ( the s a l e of c r e d i t r e l a t e d l i f e and acc ident and h e a l t h or decreas ing of l e v e l ( i n the case of s i n g l e payment laons ) term l i f e in-surance by l i c e n s e d agents or brokers , as required; p r e v i o u s l y approved a c t i v i t i e s inc lude the making, a c q u i r i n g , and s e r v i c i n g of second l i e n s on r e s i d e n t i a l real e s t a t e ; the s e r v i c e area of the two o f f i c e s would be comprised of the e n t i r e S t a t e of Ohio for a l l the aforementioned 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 , a c c i d e n t , and h e a l t h insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of C i t i c o r p Person-t o - P e r s o n Mortgage Corporat ion) at 100 Tri County Park-way, S u i t e 314, S p r i n g d a l e , Ohio and 1440 Snow Road, S u i t e 105, Parma, Ohio , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n Mortgage Corporation ( 7 / 2 9 / 8 1 )

A t l a n t a F i r s t Rai lroad and Banking Company, Augusta, Georgia , no-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 or a c q u i r i n g for i t s own account or for the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t p r i n c i p a l l y c o n s i s t i n g of insurance premium f i n a n c i n g ) to expand i t s a c t i v i t i e s in to the S t a t e of Texas , through a s u b s i d i a r y , Capi to l Premium Plan, Inc. ( 7 / 2 9 / 8 1 )

S t . Louis C i t i z e n s F i d e l i t y Corporat ion , L o u i s v i l l e , Kentucky, n o t i -f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( ( 1 ) l e a s i n g of personal property and equipment i n c l u d i n g , but not l i m i t e d t o , b u s i n e s s equipment, computers, h o s p i t a l equipment, banking equipment of a l l types as w e l l as r o l l i n g s tock and (2) a c t i n g as agent , broker or adv i ser in the l e a s i n g of such property in a manner such that the l e a s i n g would serve as a f u n c t i o n a l equ iva lent of an e x t e n s i o n of c r e d i t ) in C h a r l o t t e , North C a r o l i n a , s e r v -ing the S t a t e of North C a r o l i n a , South Carol ina and V i r g i n i a , through i t s s u b s i d i a r y , C i t i z e n s F i d e l i t y Leasing Corporat ion ( 7 / 2 8 / 8 1 )

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

H.2 , 1981 No. 31 - 1 9 -

APPLICATIONS RECEIVED-Cont irtued

BankAmerica Corporat ion , San F r a n c i s c o , C a l i f o r n i a , n o t i -f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (mak-ing or acquir ing f o r i t s own account loans and other ex-t e n s i o n s of c r e d i t such as would be made or acquired by a f inance company, s e r v i c i n g loans and other e x t e n s i o n s 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 , c r e d i t r e l a t e d a c c i d e n t and h e a l t h insurance and c r e d i t r e l a t e d property insurance; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , making consumer i n s t a l l m e n t l oans , purchas ing i n s t a l l m e n t s a l e s f inance c o n t r a c t s ; making loans and other e x t e n s i o n s of c r e d i t to small b u s i n e s s e s ; and making loans and other e x t e n s i o n s of c r e d i t secured by r e a l and personal property; and o f f e r i n g c r e d i t re-lated l i f e , c r e d i t r e l a t e d acc ident and h e a l t h and c r e d i t r e l a t e d property insurance d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t made or acquired by FinanceAmerica Corporat ion) at 612 R i t c h i e Highway, Severna Park, Maryland, s e r v i n g the e n t i r e S t a t e of Maryland, through i t s i n d i r e c t sub-s i d i a r y , FinanceAmerica Corporaton (a Maryland Corpora-t i o n ) ( 7 / 2 9 / 8 1 )

San Rain ier Bancorporat ion , S e a t t l e , Washington, n o t i f i c a t i o n F r a n c i s c o of i n t e n t to engage in de novo a c t i v i t i e s (making or

acqu ir ing f o r i t s own account or for the account of o t h e r s loans or other e x t e n s i o n s of c r e d i t ) in Phoenix, Arizona s e r v i n g Maricopa, Yavapai , Uuma and Pinal Counties and in S i e r r a V i s t a , Ar izona , s erv ing Cochise and Pima C o u n t i e s , through i t s s u b s i d i a r y , Ra in ier Mortgage Company ( 7 / 2 8 / 8 1 )

* * * * *

REPORTS RECEIVED

Ownership Statement F i l e d Pursuant to S e c t i o n 13(d) of the S e c u r i t i e s Exchange Act

Peoples Bank of D a n v i l l e , D a n v i l l e , V i r g i n i a F i l e d by: George B. Buchanan, Jr .

Worth Harris C a r t e r , J r . George W. L e s t e r , I I

* * * * *

PETITIONS FOR RULEMAKING

None.

i

San Franci sco


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