h2_19831210.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM H.2 , 1983 No. 49

A c t i o n s of t h e Board ; A p p l i c a t i o n s and Repor t s

Received During t h e Week Ending December 10, 1983

APPLICABLE RESERVE BANK

Boston

P h i l a d e l p h i a

Cleveland

Richmond

Richmond

Richmond

ACTIONS OF THE BOARD

D e r e g i s t r a t i o n f o r Ambac I n d u s t r i e s , H a r t f o r d , C o n n e c t i c u t ; Chomer i c s , I n c . , Woburn, M a s s a c h u s e t t s ; C i t i z e n s C r e d i t Union, New B e d f o r d , M a s s a c h u s e t t s ; S t . Joseph C r e d i t Union, Salem, M a s s a c h u s e t t s ; and T r a v e l e r s I n s u r a n c e C o . , H a r t f o r d , C o n n e c t i c u t . J_/

Comm. Bancorp , I n c . , F o r e s t C i t y , P e n n s y l v a n i a , e x t e n s i o n of t i m e t o March 7 , 1984, w i t h i n which t o form a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of Community Na t iona l Bank, F o r e s t C i t y , P e n n s y l v a n i a . _]_/

S o u t h e a s t B a n c o r p . , C o r b i n , Kentucky, e x t e n s i o n of t ime t o F e b r u a r y 26 , 1984, w i t h i n which t o a c q u i r e The F i r s t Na t iona l Bank and T r u s t Company of C o r b i n , C o r b i n , Kentucky . ]_/

Cumberland Bank and T r u s t Company, Grundy, V i r g i n i a , p roposed a c q u i s i t i o n of t h e Nor ton , and Wise, V i r g i n i a b r a n c h o f f i c e s of V i r g i n i a Na t iona l Bank, N o r f o l k ; and t h e Coeburn , V i r g i n i a , o f f i c e of The Wise County Na t iona l Bank, Wise, V i r g i n i a ; r e p o r t t o t h e C o m p t r o l l e r of t h e Cur rency on c o m p e t i t i v e f a c t o r s . ]_/

Sou the rn Bank, Richmond, V i r g i n i a , proposed a c q u i s i t i o n of a s s e t s and a s sumpt ion of l i a b i l i t i e s of t h e W i l l i a m s b u r g , V i r g i n i a , o f f i c e of A t l a n t i c Permanent Fede ra l Sav ings and Loan A s s o c i a t i o n , N o r f o l k , V i r g i n i a ; r e p o r t t o t h e Federa l Depos i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . ]_/

Community Bank & T r u s t , Na t iona l A s s o c i a t i o n , F a i r m o n t , West V i r g i n i a , p roposed merger wi th Community Nat iona l Bank, F a i r m o n t , West V i r g i n i a , a proposed new bank; r e p o r t t o t h e C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . 1 /

2 / 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 t h e Board of Governors under d e l e g a t e d a u t h o r i t y .

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

H.P, 3983 No. 49

ACTIONS Of THE BOARD - Cont inued

% *a

A t l a n t a

A t l a n t a

Atlanta

At Santa

Mcac f

Chicago

c

Trus t Company Bank, A t l a n t a , G e o r g i a , an inves tmen t in bank p r e m i s e s . 2 /

S t . t e r n a r d Bank & Trus t Company, A r a b i , L o u i s i a n a , an i r i t < / ' i e n t in hank p r e m i s e s . ] /

Farmers Bank, P o r t l a n d , T e n n e s s e e , proposed merger w i t h Uni ted Sou the rn Bank of Rober t son County , S p r i n g f i e l d , T e n n e s s e e ; r e p o r t t o t h e Federa l Depos i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 2 /

Citrus Park Bank, Tampa, F l o r i d a , proposed merger wi th Citrus Park Interim Bank, Tampa, F l o r i d a ; r e p o r t t o the Federal Deposit I n s u r a n c e C o r p o r a t i o n 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 American National Bank of K n o x v i l i e , K n o x v i l i e , Tennessee , proposed merger with F i r s t American Nat iona l Bank i f Anderson County, C l i n t o n , T e n n e s s e e ; r e p o r t t o thn Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s , j '

l o w e s t ^an* and Trust Company, Elmwood P a r k , I l l i n o i s , t o nert;e with Interim Bank of t h e Midwest , Elmwood P a r t , I l l i n o i s , under the c h a r t e r of The I n t e r i m Bank of -ne Midwest and t i t l e of Midwest Bank and T r u s t Cor'pany; report to the Federa l Depos i t I n s u r a n c e Ccrucn*tion on c o m p e t i t i v e f a c t o r s . 2 /

Heri tage Sank of Oak Lawn, Oak Lawn, I l l i n o i s , p roposa l w nerye with New Oak Lawn Bank, Blue I s l a n d , I l l i n o i s , under the c h a r t e r of New Oak Lawn Bank and t i t l e of Heri tage Bank of Oak Lawn; r e p o r t t o t h e Federa l

I ^ u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 2 /

H i l ! s Pank ana Trus t Company, H i l l s , Iowa, p roposa l t o meruA wi th MB? S t a t e Bank, H i l l s , Iowa, under the c a r t e r an

H , ? , 1

H . 2 , 19P3 No. 49 - 4 -

ACTIONS OF THE BOARD - Continued

Dal l a s

D a l l a s

D a l l a s

Oak Forest Bank, Houston, T e x a s , p roposed merger wi th New Oak Forest Bank, Houston, Texas ; r e p o r t t o t h e F e d e r a l Depos i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . ] /

American National Bank of P i a n o , P i a n o , Texas , p roposed merger with New American Bank of P i a n o , P i a n o , Texas ; report to t h e Federal Depos i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 2 /

Washington County S t a t e Bank, Brenham, Texas , proposed merger with New Washington County S t a t e Bank, Brenham, Texas; report t o the Federal Deposit Insurance Corporation on c o m p e t i t i v e f a c t o r s . V

V 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 t h e Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2 , 1983 No. 49

ACTIONS OF THE BOARD - Cont inued

To Merge P u r s u a n t t o S e c t i o n 18(c ) of t h e F e d e r a l Depos i t I n s u r a n c e Act

Approved Richmond F i r s t V i r g i n i a Rank - E a s t e r n Sho re , Onancock, V i r g i n i a ,

t o merge wi th Peop le s T r u s t Bank, Exmore, V i r g i n i a . J_/

M i n n e a p o l i s Farmers S t a t e Bank of I r e n e , I r e n e , South Dako ta , t o merge w i t h Viborg Branch , Uni ted Na t iona l Bank, Sioux F a l l s , South Dakota . 1 /

* * * * *

To Become a Member of t h e Federa l Rese rve System P u r s u a n t t o S e c t i o n 9 of t h e Fede ra l Reserve Act

Approved M i n n e a p o l i s Farmers S t a t e Bank of I r e n e , I r e n e , South Dakota . ] /

* * * * *

To E s t a b l i s h a Domestic Branch P u r s u a n t t o S e c t i o n 9 of t h e Fede ra l Rese rve Act

Approved C leve l and The Bank of R u s s e l 1 v i l 1 e , R u s s e l I v i l l e , Ohio. To

e s t a b l i s h a Customer Bank Communications Terminal Branch a t Mar t in Super Va lue , Old II. S. Route 3 ? , S a r d i n a , Ohio . J_/

Chicago S p r i n g f i e l d Marine Bank, S p r i n g f i e l d , I l l i n o i s . To e s t a b l i s h an EFT a t White Oaks M a l l , S p r i n g f i e l d , I I1 i n o i s . ]_/

Chicago C i t i z e n s Bank, Sheboygan, Wisconson. To e s t a b l i s h a b ranch a t Wood Lake Road, K o h l e r , W i s c o n s i n . ]_/

New York C e n t r a l T r u s t Company, R o c h e s t e r , New York. To e s t a b l i s h f o u r 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 t h e f o l l o w i n g l o c a t i o n s : 1115 Hudson Avenue, R o c h e s t e r , New York; 1940 C h i l i Avenue, G a t e s , New York; 720 Washington Avenue, I r o n d e q u o i t , New York; 1360 Dewey a t B r i t t o n , Greece , New York. ] /

V 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 t h e 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, 1QP3 No. 49 fi -


I s sued I n t e n t Not t o Disapprove Change of Cont ro l P u r s u a n t t o Change in Bank Cont ro l Act of 1978

Kansas C i t y

Kansas C i t y

Not Disapproved Elmdale B a n k s h a r e s , I n c . , E lmda le , Kansas . 1/

Prague Company, Omaha, Nebraska . 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 f o r I n t e r n a t i o n a l I n v e s t m e n t s and Other A c t i o n s P u r s u a n t t o S e c t i o n s 25 and 25 (a )

of t h e Fede ra l Reserve Act and S e c t i o n 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 ) and 4 ( c ) ( 1 4 ) of t h e Bank Hold ing Company Act of 1956, as amended

Chicago

San F ranc i sco

San F r a n c i s c o

Approved C o n t i n e n t a l I n t e r n a t i o n a l F inance C o r p o r a t i o n , Chicago ,

I l l i n o i s : g r a n t s c o n s e n t t o make an a d d i t i o n a l i n v e s t m e n t in C o n t i n e n t a l I l l i n o i s Bank L i m i t e d , Cayman I s l a n d s , B r i t i s h West I n d i e s .

BankAnerica I n t e r n a t i o n a l F i n a n c i a l C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , g r a n t s c o n s e n t t o make an a d d i t i o n a l i nves tmen t in BankAmerica T r u s t and Banking C o r p o r a t i o n , (Bahamas) L t d . , Nassau , Bahamas.

R a i n i e r B a n c o r p o r a t i o n , S e a t t l e , Washington: g r a n t s c o n s e n t t o e s t a b l i s h an e x p o r t t r a d i n g company t o be named R a i n i e r I n t e r n a t i o n a l Trad ing Company, S e a t t l e , Wash ing ton .

S ix ty -Day N o t i f i c a t i o n P e r i o d Allowed t o Exp i r e

New York M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York: no o b j e c t i o n t o make an a d d i t i o n a l i nves tmen t in M a n u f a c t u r e r s Hanover Arrendamento Mercant i1 S . A . , Rio De J a n e i r o , B r a z i l , t h r o u g h t h e c o n v e r s i o n in in o u t s t a n d i n g l o a n s .

Chi rago The Nor thern T rus t Company, Ch icago , I l l i n o i s : no o b j e c t i o n t o make an a d d i t i o n a l i nves tmen t in Banque Scandinave en S u i s s e , Geneva, S w i t z e r l a n d .

* * * * *

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 t h e Board of Governors under " d e l e g a t e d a u t h o r i t y .


H . ? , T9A3 No. 49 - 7 -


To Form a Bank Holding Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 1 ) of t h e Rank Holding Company Act of 1956

Withdrawn P a l l a s F r o n t i e r B a n c s h a r e s , I n c . , Eagle P a s s , Texas , f o r

approva l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of F r o n t i e r S t a t e Bank, Eagle P a s s , Texas . 1 /

Boston

Richmond

Atlanta

Atlanta

A t l a n t a

Approved Merchants B a n c s h a r e s , I n c . , B u r l i n g t o n , Vermont, f o r

approva l t o a c q u i r e a t l e a s t AO p e r c e n t of t h e v o t i n g s h a r e s of The Merchants Bank, B u r l i n g t o n , Vermont. ]_/

CB&T F i n a n c i a l C o r p o r a t i o n * F a i r m o n t , West V i r g i n i a , f o r approva l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o Community Bank & T r u s t , Na t iona l A s s o c i a t i o n , F a i r m o n t , West V i r g i n i a . V

C i t i z e n s of G r a i n g e r County C o r p o r a t i o n , R u t l e d g e , T e n n e s s e e , f o r approva l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of C i t i z e n s Bank and T r u s t Company of G r a i n g e r County , R u t l e d g e , T e n n e s s e e . ]_/

F i r s t J ackson Bancorp , J e f f e r s o n , G e o r g i a , f o r approva l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by c o n s o l i d a t i o n t o F i r s t Na t iona l Bank of J ackson County , J e f f e r s o n , G e o r g i a . V

L a F a y e t t e P a n k s h a r e s , I n c . , L a F a y e t t e , G e o r g i a , f o r approva l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of The Bank of L a F a y e t t e , L a F a y e t t e , G e o r g i a . 1/

Atlanta

Chicago

Peop le s Bartow C o r p o r a t i o n , T a y l o r s v i 1 1 e , G e o r g i a , f o r app rova l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of P e o p l e s Bank of Bartow County , T a y l o r s v i l l e , G e o r g i a . V

C l a r k e l , I n c . , K e s l e y , Iowa, f o r approva l t o a c q u i r e a t l e a s t AO p e r c e n t of t h e v o t i n g s h a r e s of Iowa S t a t e Bank, C l a r k s v i l l e , Iowa. 1/

CMcaqn F i r s t Sioux B a n c s h a r e s , L t d . , Sioux C e n t e r , Iowa, f o r approva l t o a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o The F i r s t Na t iona l Bank of Sioux C e n t e r , Sioux C e n t e r , Iowa. 1/

1 7 nn b e h a l f of t h e Board of Governors under ri(>! t od aiit hor i ty .


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


S t . Louis

St* Louis

St* Louis

Minneapol is

Kansas Ci ty

D a l l a s

D a l l a s


American Eagle Bancorp. , I n c . , Glen Carbon, I l l i n o i s , for approval to acquire a t l e a s t 9 8 . 7 percent of the vo t ing s h a r e s of Cottonwood Bank and Trust Company, Glen Carbon, I l l i n o i s . ! V

F i r s t Vandalia Corp. , Vandal ia , I l l i n o i s , for approval to acquire 100 percent of the vot ing shares of the s u c c e s s o r hy merger to The F i r s t National Bank of Vandal ia , Vandal ia , I l l i n o i s . ] /

Gould Pancshares , I n c . , Gould, Arkansas, for approval to a c q u i r e at l e a s t 80 percent of the vo t ing shares of F i r s t S t a t e Bank, Gould, Arkansas. V

S t H I w a t e r Bancorporat ion , I n c . , S t i l l w a t e r , Minnesota, f o r approval t o acquire 100 percent of the vo t ing shares of Cosmopolitan S t a t e Bank of S t i l l w a t e r , S t i l l w a t e r , Minnesota.

MB I Bancshares , I n c . , Kansas C i t y , Mis sour i , f o r approval t o acqu ire 100 percent of t h e v o t i n g shares of The Merchants Rank, Kansas C i t y , M i s s o u r i ; The U n i v e r s i t y Bank , Kansas C i t y , Missour i ; Broadway Bancshares , I n c . , Kansas C i t y . Missouri and i n d i r e c t l y Broadway National Bank, Kansas C i t y , Missour i ; Metropol i tan Bancshares , I n c . , Kansas C i t y , Missour i ; and i n d i r e c t l y Metropol i tan Bank, Kansas C i t y , M i s s o u r i . V

J e f f e r s o n Bancshares , I n c . , San Antonio , Texas, for approval to acquire 100 percent of the vot ing shares of J e f f e r s o n S t a t e Bank, San Antonio , Texas . ] /

New Mexico Bank Holding Company, Ruidoso, New Mexico, for approval to acquire 100 percent of t h e v o t i n g s h a r e s of S e c u r i t y Bank, Ruidoso, New Mexico.

P a c i f i c Regency Bancorp, El Toro, C a l i f o r n i a , f o r approva l t o a c q u i r e 100 percent of t h e vo t ing shares of P a c i f i c Regency Bank, El Toro, C a l i f o r n i a , a proposed new bank . ]_/

1/ A p p l i c a t i o n processed on beha l f o f 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 , 1983 No. 49 - 9 -


To Expand a Bank Holding Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956

Boston

CIeve land

CIeve land

A t l a n t a

A t ! a n t a

Kansas C i ty

Kansas C i t y

Approved General E d u c a t i o n a l Fund, I n c . , B u r l i n g t o n , Vermont,

f o r app rova l t o a c q u i r e a t l e a s t 25 p e r c e n t of t h e v o t i n g s h a r e s of Merchants B a n c s h a r e s , I n c . , B u r l i n g t o n , Vermont and i n d i r e c t l y The Merchants Bank, B u r l i n g t o n , Vermont. 1 /

Community B a n c s h a r e s , app rova l t o a c q u i r e of The F i r s t Bremen

I n c . , McArthur , Ohio , f o r 100 p e r c e n t of t h e v o t i n g s h a r e s Bank, Bremen, Ohio . 1/

S o c i e t y C o r p o r a t i o n , C l e v e l a n d , Ohio , f o r approval t o a c q u i r e a t 1 e a s t 6 6 . 6 7 p e r c e n t of t h e v o t i n g s h a r e s of t h e F i r s t Na t iona l Bank of Salem, Salem, Ohio. ]_/

F i r s t R a i l r o a d & Banking Company of G e o r g i a , Augus ta , G e o r g i a , f o r approva l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o Commercial & Exchange Bank, Bremen, G e o r g i a . J_/

S o u t h e a s t Banking C o r p o r a t i o n , Mi ami, F l o r i d a , f o r app rova l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of S o u t h e a s t Bank of S t . Johns County , Ponte Vedra Beach, F l o r i d a , a p roposed new b a n k . V

I n t e r n a t i o n a l B a n c s h a r e s , I n c . , G l a d s t o n e , M i s s o u r i , f o r app rova l t o a c q u i r e a t l e a s t 23 .09 p e r c e n t of t h e v o t i n g s h a r e s of MB I B a n c s h a r e s , I n c . , Kansas C i t y , Missour i and i n d i r e c t l y The Merchants Bank, Kansas C i t y , Missour i and The U n i v e r s i t y Bank, Kansas C i t y , Mi s s o u r i . ]_/

Metro B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , f o r approva l t o a c q u i r e a t l e a s t 12.71 p e r c e n t of t h e v o t i n g s h a r e s of MBI B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , and i n d i r e c t l y The Merchants Bank, Kansas C i t y , Missour i and The U n i v e r s i t y Bank, Kansas C i t y , M i s s o u r i . ]_/

* * * * *

2 / 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 t h e Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2, 1983 No. 49 - 10 -


To Expand a Bank Holding Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956

Approved San Western Commercia l , F r e s n o , C a l i f o r n i a , f o r approval F r a n c i s c o t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of

C o n t i n e n t a l Bancorp , F r e s n o , C a l i f o r n i a and i n d i r e c t l y , C o n t i n e n t a l Na t iona l Bank, F r e s n o , C a l i f o r n i a . 1 /

* * * * *

To Expand a Bank Hodling Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956

Withdrawn New York B a r c l a y s Bank PLC and B a r c l a y s Bank I n t e r n a t i o n a l

L i m i t e d , bo th l o c a t e d in London, Eng land , r e q u e s t p e r m i s s i o n t o r e l o c a t e an o f f i c e engag ing in t h e f o l l o w i n g a c t i v i t i e s ( t h e s a l e a t r e t a i l of t r a v e l e r s checks i s s u e d by B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , t h e o p e r a t i o n of a consumer f i n a n c e b u s i n e s s and t h e s a l e a s a g e n t of r e l a t e d c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e , i n c l u d i n g d i r e c t i n s t a l l m e n t l o a n s t o i n d i v i d u a l s and t h e p u r c h a s e of r e t a i l i n s t a l l m e n t n o t e s [ s a l e s f i n a n c e ] , such as l o a n s made t o i n d i v i d u a l s f o r p e r s o n a l , f a m i l y or household p u r p o s e s , i n c l u d i n g l o a n s secu red by r e a l e s t a t e and t h e p u r c h a s e on a d i s c o u n t e d b a s i s of c o n t r a c t s and r e l a t e d s e c u r i t y ag reemen t s a r i s i n g p r i n c i p a l l y from t h e s a l e by d e a l e r s of t i t l e d goods [ i n c l u d i n g a u t o m o b i l e s , m o b i l e homes, t r a v e l t r a i l e r s and c a m p e r s , and boa t and mar ine e q u i p m e n t ] and household goods [ i n c l u d i n g f u r n i t u r e , t e l e v i s i o n s e t s and a p p l i a n c e s ! and r e l a t e d w h o l e s a l e f i n a n c i n g con-s i s t i n g of f i n a n c i n g d e a l e r s ' i n v e n t o r i e s of a u t o -m o b i l e s , mob i l e homes and o t h e r c h a t t e l s , and a t t h e e l e c t i o n of t h e b o r r o w e r s from t h e r e s p e c t i v e consumer f i n a n c e s u b s i d i a r i e s , s a l e of c r e d i t r e l a t e d i n s u r a n c e , i n c l u d i n g d e c r e a s i n g term c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e ; c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e so so ld may be u n d e r w r i t t e n o r r e i n s u r e d by a f f i l i a t e d i n s u r a n c e u n d e r w r i t i n g s u b s i d i a r i e s ) from 3076 Southwest B o u l e v a r d , Grove C i t y , Ohio t o 2218 S t r i ng town Road, Grove C i t y ,

2 / 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 t h e Board of Governors under ~ d e l e g a t e d a u t h o r i t y .


H . ? , 1983 No. 40 - n -


Ohio , t h r o u g h t h e i r consumer f i n a n c e s u b s i d i a r i e s , B a r c l a y s A m e r i c a n / F i n a n c i a l , I n c . and Bare !aysAmer ican / Mor tgage , I n c . ( I P / 8 / 8 3 )

A t l a n t a P h i l a d e l p h i a Capital C o r p o r a t i o n , P h i l a d e l p h i a , M i s s i s s i p p i , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making of l o a n s t o p e r s o n s , p a r t n e r s h i p s , c o r p o r a t i o n s , and o t h e r l e g a l e n t i t i e s , and t a k i n g s e c u r i t y t h e r e f o r e as a p p r o p r i a t e ) a t 537 Main S t r e e t , P h i l a d e l p h i a , M i s s i s s i p p i , s e r v i n g Neshoba County , M i s s i s s i p p i , t h r o u g h i t s s u b s i d i a r y , P h i l a d e l p h i a F inance C o r p o r a t i o n ( 1 1 / 2 3 / 8 3 )

Boston

S t . Louis


Approved Merchants B a n c s h a r e s , I n c . , B u r l i n g t o n , Vermont, f o r

app rova l t o a c q u i r e The Merchants T rus t Company, B u r l i n g t o n , Vermont. ]_/

Gould B a n c s h a r e s , I n c . , Gould, A r k a n s a s , f o r app rova l t o engage de novo in r e a l e s t a t e a p p r a i s a l s . J_/

S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , f o r approva l t o expand i t s i n d i r e c t s u b s i d i a r y , S e c u r i t y P a c i f i c Mortgage S e r v i c e s , I n c . t o i n c l u d e engag ing de novo in t h e a c t i v i t i e s of a F u t u r e s Commission Merchant of e x e c u t i n g and c l e a r i n g f o r t h e p u r c h a s e and s a l e of f u t u r e s c o n t r a c t s on f i n a n c i a l i n s t r u m e n t s and o p t i o n s t h e r e o n , as well as s a l e of o p t i o n s on f u t u r e s c o n t r a c t s , f u t u r e s c o n t r a c t s and o p t i o n s d i r e c t l y on U. S. government guaranteed s e c u r i t i e s f o r t h e i r own accoun t and o t h e r s .

P e r m i t t e d New York The Chase Manhat tan C o r p o r a t i o n , New York, New York,

r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a de novo o f f i c e engag ing in t h e f o l l o w i n g a c t i v i t i e s (making o r a c q u i r i n g f o r i t s own a c c o u n t and f o r t h e accoun t of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t , bo th s e c u r e d and unsecu red i n c l u d i n g , but not l i m i t e d t o , consumer and b u s i n e s s l i n e s of c r e d i t , i n s t a l l m e n t l o a n s f o r p e r s o n a l , household and b u s i n e s s p u r p o s e s and mor tgage l o a n s s ecu red by r e a l p r o p e r t y ; s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; and a c t i n g as i n s u r a n c e agen t f o r c r e d i t

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 t h e Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2, 1983 No. 49 - 1? -

ACTIONS OF THE BOARD - Con t inued

l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to such l e n d i n g and s e r v i c i n g a c t i v i t i e s ) a t A t l a n t a F i n a n c i a l C e n t e r , S u i t e L-200 , 3333 P e a c h t r e e Road, A t l a n t a , G e o r g i a , t h r o u g h i t s s u b s i d i a r y , Chase Manhat tan F i n a n c i a l S e r v i c e s , I n c . ( 1 2 / 3 / 8 3 ) 3 /

C l e v e l a n d Mellon N a t i o n a l C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t t o expand t h e g e o g r a p h i c scope of t h e f o l l o w i n g de novo a c t i v i t i e s ( t h e s a l e of c r e d i t - r e l a t e d i n s u r a n c e , i n c l u d i n g c r e d i t - a c c i d e n t and h e a l t h , c r e d i t - l i f e , and mor tgage redempt ion insurance [ s u c h s a l e of c r e d i t - r e l a t e d i n s u r a n c e be ing a p e r m i s s i b l e a c t i v i t y under Subparagraph D of T i t l e VI of t h e Garn-St . Germain D e p o s i t o r y I n s t i t u t i o n s Act of 1982] ) t h e expanded g e o g r a p h i c scope of i t s b u s i n e s s w i l l be d e r i v e d f r o m , and s o l i c a t e d t h r o u g h o u t t h e S t a t e s of P e n n s y l v a n i a and De laware , t h r o u g h i t s s u b s i d i a r y , Mellon Insurance Agency, I n c . ( 1 2 / 9 / 8 3 ) 3 /

Cleveland PNC F inanc ia l Corp, P i t t s b u r g h , P e n n s y l v a n i a , n o t i f i -c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making o r 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 a c c o u n t and/or t h e a c c o u n t of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t ) t h e de novo o f f i c e would be l o c a t e d in t h e m e t r o p o l i t a n a r e a of M a n a s s a s , V i r g i n i a , t h r o u g h i t s s u b s i d i a r y The K i s s e l 1 Company ( 1 2 / 1 0 / 8 3 ) 2 /

Chicago Bren ton Banks , I n c . , Des Moines , Iowa, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n p r o c e s s i n g f i n a n c i a l , b a n k i n g o r economic d a t a f o r p e r s o n s o t h e r t han t h e h o l d i n g company o r i t s s u b s i d i a r i e s p u r s u a n t t o w r i t t e n a g r e e m e n t s ; t h e s e a c t i v i t i e s were p r e v i o u s l y p e r f o r m e d in v i o l a t i o n of S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Hold ing Company Ac t ) t h e g e o g r a p h i c scope w i l l be t h e S t a t e o f Iowa, t h r o u g h i t s s u b s i d i a r y , Brenton Funds T r a n s f e r S y s t e m , I n c . ( 1 2 / 9 / 8 3 ) V

Chicago Manufacturers National C o r p o r a t i o n , D e t r o i t , Mich igan , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n t h e l e a s i n g of p e r s o n a l p r o p e r t y ) t h e g e o g r a p h i c s cope w i l l be t h e S t a t e of F l o r i d a , through i t s s u b s i d i a r y , Manucor L e a s i n g , I n c . ( 1 2 / 2 / 8 3 ) 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 e d a u t h o r i t y .


H , ? , N R 3 W .

ACTIONS i* 7HI HOARD - Continued

( n i t a q o

CM c Ago

Manufacturers National Corporat ion , D e t r o i t , Michigan, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( m tne a c t i v i t i e s of an insurance agency b u s i n e s s to s e l l insurance which a s s u r e s the repayment of o u t -s tand ing ba lances due on s p e c i f i c e x t e n s i o n s of c r e d i t Dy s u b s i d i a r i e s of Manufacturers National Corporation in the event of d e a t h , d i s a b i l i t y or invo luntary unemployment of d e b t o r s ) t h e geographic scope w i l l be the S t a t e of Michigan, through i t s s u b s i d i a r y , Manucor Agency. I n c . ' l ? / ? / 8 3 ) 3 /

*arsMail 4 I l s l ^ Corporation* Milwaukee, Wisconsin , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n equipment l e a s i n g t o b u s i n e s s and manufacturing customers on a n o n c a n c e l l a h l e f u l l payout b a s i s , t o purchase c o n d i t i o n a l s a l e s c o n t r a c t s from equipment s u p p l i e r s a id manufacturers and to make c h a t t e l s e c u r i t ) loans on commercial and i n d u s t r i a l equipment) in I n d i a n a p o l i s . Indiana , t h e geographic area to be served w i l l he the S t a t e s of Indiana and Kentucky, tnrouyh i t s s u b s i d i a r y , F i r s t National Leasing Corp.

3 /

San f r a n c

Area ? i n a n e ; a l Corporat ion , Redwood C i t y , 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 t o engage in de novo a c t i v i t i e s ( i n the a c t i v i t y of making or acquir ing loans to p o l i c y h o l d e r s for t h e purpose of f inanc ing preriums^ at 9&*0 Veterans Boulevard, Redwood C i t y , C a l i f o r n i a , through i t s s u b s i d i a r y , Insurance Premium f i n a n c e Corporation ( 1 2 / 5 / 8 3 ) 3 /

San franc i s c n

Kant&*erica 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 t o engage in de novo a c t i v i t i e s ( e x e c u t i o n and c l e a r i n g of f i n a n c i a l f u t u r e s c o n t r a c t s on major commodity exchanges f o r u n a f f i l i a t e d persons) in S e a t t l e , Washington and the Republic of S ingapore , the geographic area t o be served by each of t h e s e o f f i c e s w i l l be f i f t y S t a t e s , the D i s t r i c t of Columbia, and abroad, through i t s s u b s i d i d a r y , BA Futures , Incorporated , a wholly-owned s u b s i d i a r y of BankAmerica Corporat ion U P / 1 0 / 8 3 ) 3 /

"-an I f dfK 1 S(

RankAmerica 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 ( i n the a < f i v ; l i e s of making loans and o ther e x t e n s i o n s of < r e d i t , 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 for i t s e l f and o t h e r s , and providing s e r v i c e s

? / d T c l T y T n o t l f i c H t i r n processed by Peserve Bank on behalf of the Hoard of Governors under d e l e g a t e d a u t h o r i t y .


*M ? # 1 3 *' ? W1

m THE DARH . Continued

i n c i d e n t a l t r s^ch loans and e x t e n s i o n s of c r e d i t such a t ,*rp ra^e nr provided hy a f i n a n c e company; such a c T i v i t : A s w i l l incl i*de, hut not he l imi t ed t o , p r o -v i d i n g funds


S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , 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 t o engage in de novo a c t i v i t i e s ( i n t h e u n d e r w r i t i n g and r e i n s u r a n c e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e in Alabama, M i s s i s s i p p i , North C a r o l i n a , and South C a r o l i n a , such c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e be ing in c o n n e c t i o n wi th e x t e n s i o n s of c r e d i t by i t and i t s s u b s i d i a r i e s ) in San Diego, C a l i f o r n i a , t h rough i t s s u b s i d i a r y , General F i d e l i t y L i f e I n s u r a n c e Company ( 1 2 / 9 / 8 3 ) 3 /

* * * * *

A p p l i c a t i o n t o t h e Board of Governors of t h e Federa l Reserve System f o r P r i o r Approval of an A c q u i s i t i o n P u r s u a n t t o S e c t i o n

5 ( b ) of t h e Bank S e r v i c e C o r p o r a t i o n A c t , as Amended

Approved Chicago Michigan Na t iona l Bank of D e t r o i t , D e t r o i t , Mich igan ,

f o r approva l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of MNC Mortgage & R e a l t y A d v i s o r s , I n c . , S o u t h f i e l d , Mich igan , a de novo bank s e r v i c e c o r p o r a t i o n s u b s i d i a r y p r o v i d i n g r e a l e s t a t e i n v e s t -ment a d v i c e .

!- r , im i sco

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d hy Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .


H . ? , 1983 No. W - 16

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 t h e Fede ra l Rese rve Act

New York

New York

Richmond

Kansas C i ty


Manufacturers and Traders T r u s t Company, B u f f a l o , New York. 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 a t E a s t e r n H i l l s M a l l , 4545 T r a n s i t Road, C l a r e n c e , New York. 2 ]

C e n t r a l T r u s t Company, R o c h e s t e r , New York. To e s t a b l i s h s i x 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 t h e f o l l o w i n g l o c a t i o n s : 525 T i t u s Avenue, I r o n d e q u o i t , New York; 2255 Ridge Road E a s t , I rondequoi t , New York; 575 Pen f i e l d Road, P e n f i e l d , New York; Towne & Country P l a z a , Routes 5 & 20, Geneva, New York; 2383 Ridge Road West, Greece , New York; 2199 Eas t H e n r i e t t a Road, H e n r i e t t a , New York. 2]

Bank of V i r g i n i a Beach, V i r g i n i a Beach, V i r g i n i a . To e s t a b l i s h a b ranch a t 2429 North Landing Road, P r i n c e s s Anne County , V i r g i n i a . 2 /

Uni ted Bank & T r u s t Company of Norman, Norman, Oklahoma. To e s t a b l i s h a b ranch f a c i l i t y t o be l o c a t e d 2122 West Main S t r e e t , Norman, Oklahoma. 2/

C i t i z e n s S t a t e Bank of Santa Paul a , Santa P a u l a , C a l i f o r n i a Branch o f f i c e t o be e s t a b l i s h e d in t h e v i c i n i t y of t h e i n t e r s e c t i o n of Cen te r and Main S t r e e t s , in t h e U n i n c o r p o r a t e d C i ty of P i r u , Ventura County , C a l i f o r n i a .

* * * * *

To Become a Member of t h e Fede ra l Rese rve System P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Rese rve Act

San Commercial S t a t e Bank, P h o e n i x , A r i z o n a . 7J F r a n c i s c o

P h i l a d e l p h i a AmerAsia Bank, P h i l a d e l p h i a , P e n n s y l v a n i a . jY

S t . Louis MidAmerica Bank and T r u s t Company of F a i r v i e w H e i g h t s , F a i r v i e w H e g i h t s , I l l i n o i s .

27 A p p l i c a t i o n s u b j e c t t o Community Reinves tment A c t . The Community ~ A f f a i r s O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d

a s t o t h e l e n g t h of t h e comment p e r i o d .


H . ? , 19P3 No. 49 - 1 7 -

A C ^ T 1 0 F _ T H E BOARD - Cont inued

Ap;l n a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t m e n t s and Other A c t i o n s P u r s u a n t t o S e c t i o n s 25 and 2 5 ( a )

i* *T' Keder^l ^ g p r v e Act and S e c t i o n s 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 ) , and 4 ( c ) ( 1 4 ) ol The PanK Hold ing Company Act of 1956, a s amended

X!' s e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a : ( f

H . ? , I f S3 l m , 40 - 18 -

,iPPLiC/-T:rr.S k F . c n v t O - Continued

Chicago

f ' h x f w ,

S t .

S t . ImuK

( 1 S

j >( ' 1 %

f i ? v

i l v

bankers ' B a n c o r p o r a t i o n o f W i s c o n s i n , I n c . , Madison, Wi cons i n , approval t o a c q u i r e 80 p e r c e n t or more of t h e v o t i n g s h a r e s of Wiscons in Independent Par^ $ ^ a ^ i s o n , W i s c o n s i n . 2 /

W L r * CAPITAL CORP, Coal C i t y , I l l i n o i s , f o r approval t o a c q u i r e RO p e r c e n t or more o f t h e v o t i n g s h a r e s of The F i r s t Nat iona l Bank of Coal C i t y , Coal C i t y , H I T o m s . 2 /

Rancor;., I n c . , S p r i n g f i e l d , I l l i n o i s , for approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s :4? s t a t e Hank, Potomac, I l l i n o i s . 2 /

M r s ! o r p o r a f i o n , Char le s town, Ind iana , f o r approve; t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s o* The H r s t Nat iona l Rank of Clark County, C h a r l e s t o w n . I n d i a n a . 2 /

$ i r s t ^arayo%gW Ranksnares , I n c . , Paragou ld , Arkansas , f o r approval t o a c q u i r e 100 percent of t h e v o t i n g s h a r e s of thn s u c c e s s o r by merger t o F i r s t Nat ional P a n . Pa^oqoi,*d, Arkansas . 2 /

'iarv%*y P a n c o r p o r a t i o n , I n c . , Harvey, North Dakota, M r approval t o a c q u i r e 100 p e r c e n t o f t h e v o t i n g s h a r e s o f f i r s t S t a t e Rank of Harvey, Harvey, North O a M t a . 2 /

R a n t o r p o r a t i o n , I n c . , Henderson, Minnesota , f o r approval tn a c q u i r e 100 p e r c e n t o f t h e v o t i n g s ^ r e s of The S i b l e y County Rank, Henderson, Minnesota . 2 /

C o r p o r a t i o n , T u l s a , Oklahoma, for approval t o a c q u i r e at l e a s t p e r c e n t of t h e v o t i n g s h a r e s of American

P a n t . T u l s a , Oklahoma. 2 /

^ a r r s h a r e s , I n f . , E r i e , Kansas , f o r approval t o at Mas? percent of t h e v o t i n g s h a r e s of

Pan#rshares, I n c . , F r i e , Kansas , and i n d i r e c t l y f of the v o t i n g s h a r e s of Home S t a t e

, ? r i e . ^ a r s a s . 2 /

t s 4 a n t s h a r e s of Checotah, I n c . , Checotah, ?{*r approval t o a c q u i r e at l e a s t HO p e r c e n t

f i

4 . , - W -

'4?I KH HVPD - Continued

+ f V v \4*Lurity Lawton B a n c s h a r e s , I n c . , Lawton, Oklahoma, f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v u t m y s h a r e s of The S e c u r i t y Bank & Trust Company, l a w t n n , Oklahoma, 2 /

u y s r u c t l e y ^ t a t e Company, S h i c k l e y , Nebraska, f o r approval t o a c q u i r e at l e a s t 9 6 . 0 7 p e r c e n t o f t h e v o t i n g s h a r e s of S*nckley S t a t e Bank, S h i c k l e y , Nebraska. 2 /

F i n a n c i a l Center Bancorp, San F r a n c i s c o , C a l i f o r n i a , t r r f f o r ^ppmval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s

o f The F i n a n c i a l Center Bank, N . A . , San F r a n c i s c o , C a l i f o r n i a , a proposed new hank. 2 /

f i r s t fnumclaw B a n c o r p o r a t i o n , Enumclaw, Washington, ?or approval t o a c q u i r e 100 p e r c e n t o f t h e v o t i n g Shares (*f t h e s u c c e s s o r by merger t o The F i r s t \ * r i o n a l Bank o f Enumclaw, Enumclaw, Washington. 2 /

*' MUMt* MWIUW ,UWIR mi mm >mmiAtrnHmwm MIL R M M , M I > IWI - U . I I W . I H I I I I . W - I I M I I IN 1111 I. .

H i/ r virlamm Bancorp, I n c . , C h i c a g o , I l l i n o i s , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of Hawthorne Bank of * h e d t o n , Wheaton, I l l i n i o s .

, ^ i v e m a l e P ^ n c o r p o r a t i o n , I n c . , R i v e r d a l e , I l l i n o i s , f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t or ^ore o f t h e v o t i n g s h a r e s of Her i tage /Gienwood r d i v , (II en wood, I l l i n o i s . 2 /

tnintw hwm ^ Country Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s * q u a l i f y i n g s h a r e s ) o f t h e s u c c e s s o r by merger t o Farmers S t a t e Bank of B u f f a l o , B u f f a l o , M l i n o i s . 2 /

Town & Country Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , f o r approval t o a c q u i r e a t l e a s t 9 8 . 3 p e r c e n t w t h e v o t i n g s h a r e s o f Bank of Palmyra, Palmyra, II I i n o i . 2 /

% ' : if \ / * * * , ' c r ^ n i t y Reinvestment A c t . The Community n! t h e a p p l i c a b l e Reserve Bank may he c o n t a c t e d

a s t o the l e n g t h o f t h e comment p e r i o d .


H.2, 1983 No. 49 - 20 -

APPLICATIONS RECEIVED - Continued

S t . Louis

Kansas City

Kansas City

D a l l a s

San Franc i s co

Eagle Rancorporat ion , Inc .* Highland, I l l i n o i s , f o r approval t o acqu ire i n d i r e c t contro l of 7 .7 percent of the v o t i n g shares of Cottonwood Bank and Trust Company, Glen Carbon, I l l i n o i s . 2 /

Central Rancorporat ion, I n c . , Central Colorado Company, and C . C . B . , I n c . , Denver, Colorado, f o r approval t o acqu ire 100 percent of the v o t i n g shares of Central Bank at Centennial N.A. , L i t t l e t o n , Colorado, a proposed new bank. 2 /

J . R. Montgomery Rancorporat ion, Lawton, Oklahoma, for approval t o acqu ire an a d d i t i o n a l .104 percent of the v o t i n g shares of Fort S i l l National Bank, Fort S i l l , Oklahoma. 2 /

Rio Grande Bancshares , I n c . , Las Cruces , New Mexico, for approval t o acquire a t l e a s t 80 percent of the vo t ing shares of F i r s t S t a t e Bank of Si 1ver C i t y , S i l v e r C i t y , New Mexico, a proposed new bank. 2J_

The Mitsubish i Bank, Limited , Tokyo, Japan, f o r approval t o a c q u i r e 100 percent of the vo t ing shares o f BanCal T r i - S t a t e Corporat ion, San Franc i sco , C a l i f o r n i a and i n d i r e c t l y acqu ire the Bank of C a l i f o r n i a , National A s s o c i a t i o n , San Franc i s co , C a l i f o r n i a . 2 /

* * * * *

To Expand a Bank Holding Company Pursuant t o Sec t ion 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956

Boston F l e e t F inanc ia l Group, I n c . , Prov idence , 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 t o engage in de novo a c t i v i t i e s ( ( i ) consumer f i n a n c e ; ( i i ) insurance agency f o r the s a l e o f c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h insurance r e l a t e d to an e x t e n s i o n of c r e d i t ) a t 17924 South HaIsted , Homewood, I l l i n o i s , the s e r v i c e area w i l l be the I l l i n o i s c o u n t i e s of Champaign, C o l e s , southern o n e - h a l f of Cook, De Wit t , Douglas, Edgar, Ford, Grundy, I r o q u o i s , Kankakee, Kendal l , L a S a l l e , L i v i n g s t o n , Logan, McLean, Macon, Moul tr ie , P i a t t ,

7 / A p p l i c a t i o n s u b j e c t t o 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 Rese rve Bank may be contac ted as t o the l eng th of the comment p e r i o d .


H.?, 1983 No. 49 0 - 2 1 -

APPLICATIONS RECEIVED - Cont inued

Vermi l ion , and W i l l , through i t s s u b s i d i a r y , F l e e t Mortgage Corp. (a Rhode Is land c o r p o r a t i o n ) ( 1 2 / 6 / 8 3 )

New York Chemical Mew York Corporat ion , New York, New York, r e q u e s t s permiss ion t o e s t a b l i s h an o f f i c e engag ing in t h e f o l l o w i n g a c t i v i t i e s (making l e a s e s of r e a l and personal p r o p e r t y and equipment in a c c o r d a n c e wi th t h e Board's R e g u l a t i o n Y, and a c t i n g as a g e n t , broker or a d v i s o r wi th r e s p e c t t o such l e a s e s ; in f i n a n c i n g r e a l and p e r s o n a l p r o p e r t y and equipment such as would be done by a commercial f i n a n c e company; and s e r v i c i n g such e x t e n s i o n s of c r e d i t ) a t One Rodney S q u a r e , Wi lmington , Delaware , through i t s s u b s i d i a r y , Chemical Bus iness C r e d i t Corp. ( 1 2 / 8 / 8 3 )

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n t o 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 t o i n c l u d e t h e f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , s ecu red o r u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ) a t 219 P e r i m e t e r Center Parkway, A t l a n t a , G e o r g i a , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p Accep tance Company, I n c . ( 1 2 / 5 / 8 3 )

P h i l a d e l p h i a C o r e S t a t e s F i n a n c i a l C o r p . , P h i l a d e l p h i a , P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n the o r i g i n a t i o n of FHA, VA and c o n v e n t i o n a l r e s i d e n t i a l mor tgage l o a n s and second mor tgage l o a n s ) a t The O f f i c e C e n t e r a t P r i n c e t o n Meadows, P I a i n s b o r o , New J e r s e y , s e r v i n g t h e S t a t e s of New J e r s e y , New York and P e n n s y l v a n i a ; S u i t e 1110 Bedford E x e c u t i v e O f f i c e P a r k , One E x e c u t i v e Park D r i v e , B e d f o r d , New Hampshi re , s e r v i n g t h e S t a t e s of New Hampshire and M a s s a c h u s e t t s ; One Hoi l i s S t r e e t , W e i l e s l e y , Massa-c h u s e t t s , s e r v i n g t h e S t a t e s of M a s s a c h u s e t t s and New Hampshire and I n t e r s e c t i o n of S. 336th S t r e e t and P a c i f i c Highway South ( w i t h i n a 5 - m i l e r a d i u s t h e r e o f ) Fede ra l Way, Wash ing ton , s e r v i n g t h e S t a t e of Washing ton , t h r o u g h i t s s u b s i d i a r y , Co lon ia l Mortgage S e r v i c e Company A s s o c i a t e s , I n c . ( 1 2 / 8 / 8 3 )

P h i l a d e l p h i a C o r e S t a t e s F i n a n c i a l Corp , P h i l a d e l p h i a , P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n commercial f i n a n c e and f a c t o r i n g a c t i v i t i e s i n -c l u d i n g t h e s o l i c i t a t i o n and making of l o a n s t o b u s i n e s s e s and c o r p o r a t i o n s s ecu red by a c c o u n t s r e c e i v a b l e , i n v e n t o r y , equipment a n d / o r o t h e r a s s e t s and t h e f a c t o r i n g of a c c o u n t s r e c e i v a b l e ) a t 6520


- 2 2 -

APPLICATIONS RECEIVED - C o n t i n u e d

n - w p - s F e r r y Road , A t l a n t a , G e o r g i a , s e r v i n g t h e S t? e of G e o r g i a , t h r o u g h i t s s u b s i d i a r y , Congres s

id c i a l C o r p o r a t i o n ( S o u t h e r n ) ( 1 2 / 6 / 8 3 )

PNC F i n a n c i a l Corp , P i t t s b u r g h , P e n n s y l v a n i a , n o t i -f i c a t i o n of i n t e n t t o e n g a g e in de novo a c t i v i t i e s ( p r o v i d i n g s e c u r i t i e s , c r e d i t a c t i v i t i e s p u r s u a n t t o t h e B o a r d ' s R e g u l a t i o n T, 12 C . F . R . , P a r t 20 , and i n c i d e n t a l a c t i v i t i e s such a s o f f e r i n g c u s t o d i a l s e r v i c e s , i n d i v i d u a l r e t i r e m e n t a c c o u n t s , and ca sh management s e r v i c e s ) t h e d e novo a c t i v i t y would be p r o v i d e d on a n a t i o n w i d e b a s i s , t h r o u g h i t s s u b -s i d i a r y , HHC S e c u r i t i e s , I n c . ( 1 2 / 5 / 8 3 )

Maryland N a t i o n a l C o r p o r a t i o n , B a l t i m o r e , M a r y l a n d , n o t i f i c a t i o n o f i n t e n t t o e n g a g e i n de novo a c t i v i t i e s ( l e a s i n g p e r s o n a l p r o p e r t y i n c l u d i n g , bu t n o t l i m i t e d t o , t h e l e a s i n g of v a r i o u s t y p e s of e q u i p m e n t , m a c h i n e r y , v e h i c l e s , t r a n s p o r t a t i o n e q u i p m e n t , and d a t a p r o c e s s i n g equ ipmen t and i n c l u d i n g c o n d i t i o n a l s a l e s c o n t r a c t s and c h a t t e l m o r t g a g e s where t h e l e a s e i s t h e f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n of c r e d i t ; o r i g i n a t i n g and s e r v i c i n g p e r s o n a l p r o p e r t y l e a s e s a s p r i n c i p a l o r a g e n t ; b u y i n g , s e l l i n g and o t h e r w i s e d e a l i n g in p e r s o n a l p r o p e r t y l e a s e c o n t r a c t s a s p r i n c i p a l o r a g e n t ; a c t i n g a s a d v i s e r i n p e r s o n a l p r o p e r t y l e a s i n g t r a n s a c t i o n s ; e n g a g i n g i n t h e s a l e , a s a g e n t o r b r o k e r , of i n s u r a n c e s i m i l a r in form and i n t e n t t o c r e d i t l i f e a n d / o r m o r t g a g e r e d e m p t i o n i n s u r a n c e ; e n g a g i n g g e n e r a l l y in t h e b u s i n e s s of l e a s i n g r e a l p r o p e r t y where t h e l e a s e i s t h e f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n of c r e d i t ; o r i g i n a t i n g r e a l p r o p e r t y l e a s e s a s p r i n c i p a l o r a g e n t ; s e r v i c i n g r e a l p r o p e r t y l e a s e s f o r a f f i l i a t e d o r n o n a f f i l i a t e d i n d i v i d u a l s , p a r t n e r s h i p s * c o r p o r a t i o n s o r o t h e r e n t i t i e s ; b u y i n g , s e l l i n g and o t h e r w i s e d e a l i n g i n r e a l p r o p e r t y l e a s e s a s p r i n c i p a l , a g e n t o r b r o k e r ; a c t i n g as a d v i s e r in r e a l p r o p e r t y l e a s i n g t r a n s a c t i o n s ; e n g a g i n g g e n e r a l l y in commerc ia l l o a n s and o t h e r e x t e n s i o n s of c r e d i t t o c r n n p r r i a l e n t e r p r i s e s ; and a c t i n g a s a d v i s e r o r b r o k e r in commerc ia l l e n d i n g t r a n s a c t i o n s ) a t 66 Bovet Road, ' a r M a r r n , C a l i f o r n i a , t h r o u g h i t s s u b s i d i a r y , Maryland r . a H o n a ! L e a s i n g C o r p o r a t i o n ( 1 2 / 5 / 8 3 )

S o u t h e r n H a n c o r p o r a t i o n , I n c . , G r e e n v i l l e , South C a r o l i n a , f o r a p p r o v a l t o a c q u i r e t h e a s s e t s of M a s t e r Loan S e r v i c e of H o u s t o n , I n c . , H o u s t o n , T e x a s .


X U *4(:HVED - Continued

i : i / e n s Southern Georgia Corporat ion, A t l a n t a , (,err.j; % ^ for approval to acquire 100 percent of thr vf t i r y shares of F i r s t Southeastern Company, ^ t ' a n t a * G e o r g i a .

rA^pies H J d i n g Co . , I n c . , C o l l i n s v i l l e , Alabama, n o t i f i c a t i o n of i n t e n t to engage in de novo act i v i t i e s ( i n the s a l e of c r e d i t l i f e and

ind hea l th insurance d i r e c t l y r e l a t e d t o *tt*'nsirns of c r e d i t ; as permitted by T i t l e VI

\m H o n h*H -A of the Garn-St Germain Depository I n s t i t u t i o n s Ac* of 198?) t h e s e a c t i v i t i e s would hr conducted in the town of C o l l i n s v i l i e , Alabama, through i t s s u b s i d i a r y , The Peoples Bank ( 1 2 / 8 / 8 3 )

H r s t Wisconsin Corporat ion , Milwaukee, Wisconsin, 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 n provid ing s e c u r i t i e s brokerage s e r v i c e s , r e l a t e d s e c u r i t i e s c r e d i t a c t i v i t i e s pursuant to the Federal Pcservf Hoard's Regulat ion T, and i n c i d e n t a l a c t i v i t i e s s c d - as o f f e r i n g c u s t o d i a l s e r v i c e s and ind iv idua l re t i rement accounts ) s erv ing the S t a t e s of Wisconsin, I l l i n o i s , Michigan, Minnesota, Iowa, Arizona and H o n d a ( 1 2 / 1 / 8 3 )

SKASPNS OK WIS., INC., Manawa, Wisconson, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in the s a l e of general insurance in a community with a populat ion n^t exceed ing 5 , 0 0 0 ) the geographic area to be served w i l l be the community of Manawa, Wi s c o n s i n , and the surrounding rural area ( 1 2 / 2 / 8 3 )

J M f e r s o f , Holding Corp. , Chicago, I l l i n o i s , n o t i f i c a t i o n

#903 W . "

i s

f a n & a s C i t y

f A n t m t f l f y

f ^ M s a s C i t y

- ? 4 ~ W

APPLICATIONS RECEIVED - Continued

f i r s t Rank Sys tem. I n c . , M i n n e a p o l i s , M i n n e s o t a , n o t i f i c a t i o n of i n t e n t t o r e l o c a t e d e novo a c t i v i t i e s f i n mortgage hanking a c t i v i t i e s , i n c l u d i n g t h e n r i ; ; * r ^ f i o n , p u r c h a s e , s a l e , b r o k e r i n g and s e r -v i c i n g mf r e a l e s t a t e mortgage l o a n s ) f rom M i n n e a p o l i s , Minnesota t o ?f*10 U n i v e r s i t y Avenue, S t . P a u l , M i n n e s o t a , s e r v i n g markets l o c a t e d throughout t h e U n i t e d S t a t e s , through i t s s u b s i d i a r y , FBS Mortgage C o r p o r a t i o n U ? / 6 / 8 3 t

No n e s t C o r p o r a t i o n , M i n n e a p o l i s , M i n n e s o t a , f o r a p p r o v a l t o i n d i r e c t l y engage de novo in t h e s a l e of c r e d i t p r o p e r t y and c r e d i t - r e T a t e d c a s u a l t y i n s u r a n c e r e l a t e d t o e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r i e s i n t h e s t a t e s of M a s s a c h u s e t t s and M a r y l a n d ; Norwest p r o p o s e s tha t Norwest F i n a n c i a l M a s s a c h u s e t t s 1 c o n d u c t t h i s a c t i v i t y in M a s s a c h u s e t t s w h i l e Norwest F i n a n c i a l Maryland, I n c . , and Norwest F i n a n c i a l L e a s i n g , I n c . , conduct t m s a c t i v i t y i n M a r y l a n d .

Centra l B a n c o r p o r a t i o n , I n c . , Central C o l o r a d o Company, and C . C . R . , I n c . , Denver , C o l o r a d o , f o r a p p r o v a l t o o f f e r c r e d i t r e l a t e d l i f e i n s u r a n c e a t t h i s bank t h r o u g h Central Kancorp L i f e Insurance Company, D e n v e r , C o l o r a d o .

Centra l M Kansas , I n c . , J u n c t i o n C i t y , K a n s a s , n o t i f i c a t i o n nf i n t e n t tn engage in de novo a c t i v i t i e s ( i n t h e r e i n s u r a n c e of c r e d i t l i f e , a c c i d e n t and h e a l t h i n s u r a n c e w r i t t e n by companies a u t h o r i z e d t o engage in t h e b u s i n e s s of i n s u r a n c e in t h e S t a t e o f Kansas t o t h e e x t e n t such i n s u r a n c e i s r e l a t e d t o i t s e x t e n s i o n of c r e d i t ) t h e s e a c t i v i t i e s would he rendered in t h e S t a t e of K a n s a s , through i t s s u b s i d i a r y , Central of Kansas C r e d i t L i f e I n s u r a n c e , I n c . ( 1 2 / 9 / 8 3 )

F i r s t F r e d e r i c k C o r p o r a t i o n , F r e d e r i c k , Oklahoma, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s Mn t h e r e n d e r i n g of data p r o c e s s i n g s e r v i c e s t o banks and n ; h e r f i n a n c i a l i n s t i t u t i o n s t h r o u g h Sou thwes t Hat a Management, an Oklahoma genera l p a r t n e r s h i p , and t o render such data p r o c e s s i n g s e r v i c e s t o no t o n l y i t s s u b s i d i a r i e s hut a l s o t o o t h e r f i n a n c i a l i n s t i t u t i o n s l o c a t e d w i t n m t h e S t a t e of Oklahoma, w i t h p r i m a r y f v p h d s i \ on hanks and o t h e r f i n a n c i a l i n s t i t u t i o n s l o c a t e d in t h e s o u t h w e s t e r n part of t h e S t a t e of t%tlahon?t f | l / * / x 3 )


- ? s -

i-M :f:a;iQNS RECEIVED - Cont inued

l awtnn F i n a n c i a l C o r p . , Lawton, Oklahoma, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n t h e r e n d e r i n g of d a t a p r o c e s s i n g s e r v i c e s t o hanks and *"her f i n a n c i a l i n s t i t u t i o n s t h rough Southwest Data

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