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ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM H.2, 1983 No. 46

Actions of t h e Board; App l i ca t ions and Reports

Received During the Week Ending November 19, 1983

APPLICABLE RESERVE BANK

New York

New York

New York

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

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

ACTIONS OF THE BOARD

Lakeland S t a t e Bank, Newfoundland, New J e r s e y , proposal t o a cqu i r e the a s s e t s of and assume the l i a b i l i t i e s of a branch of American National Bank, Morris town, New J e r s e y , loca ted in Rockaway Town-s h i p , New J e r s e y ; r e p o r t t o t he Federal Deposit Insurance Corpora t ion on compe t i t i ve f a c t o r s . J J

Dol lar-Dry Dock Savings Bank of New York, New York, New York, proposal t o a cqu i r e the a s s e t s and assume t h e l i a b i l i t i e s of a branch of American Savings Bank, F . S . B . , New York, New York, loca ted a t 88th S t r e e t and Lexington Avenue, New York, New York, r epo r t t o the Federal Deposit Insurance Corpora t ion on compe t i t i ve f a c t o r s . %/

National Westminster Bank, USA, New York, New York, proposal t o a c q u i r e t h e a s s e t s and assume the l i a b i l i t i e s of a branch of Bankers Trus t Company, New York, New York, loca ted in Brooklyn, New York; r e p o r t t o the Comptrol ler of the Currency on com-p e t i t i v e f a c t o r s . J /

C i t i z e n s & Northern Bank, R a l s t o n , Pennsy lvan ia , proposal t o merge with The Farmers National Bank of Athens , under the c h a r t e r and t i t l e of t h e former ; r epo r t to t he Federal Deposit Insurance Corpora t ion on com-p e t i t i v e f a c t o r s . V

Peoples National Bank of Central Pennsy lvan ia , S t a t e C o l l e g e , Pennsy lvan ia , proposal t o merge with Farmers Community Bank, S t a t e Co l l ege , Pennsy lvan ia , under the c h a r t e r and t i t l e of t h e former ; r e p o r t t o the Comptro l le r of t h e Currency on compe t i t i ve f a c t o r s . 1/

1/ App l i ca t ion processed on beha l f of t h e Board of Governors under de l ega t ed a u t h o r i t y .

I

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

H.2, M 8 3 N o . 46 - 2 -

ACTIONS OF THE BOARD - Continued

Phi 1 adel phi a

CI eveland

Pichmond

Richmond

Richmond

Richmond

Richmond

Richmond

Merchants of Shenandoah Bancorp, Shenandoah, Pennsyl-v a n i a , ex tens ion of t ime t o February 28, 1984, wi th in which to become a bank holding company through t h e a c q u i s i t i o n of 100 percent of t h e vot ing sha res of Merchants National Bank of Shenandoah, Pennsy lvan ia . V

United Bancorp, I n c . , Mart ins F e r r y , Ohio, ex tens ion of t ime t o March 30, 1984, wi th in which to acqu i re The C i t i z e n s Savings Bank of Martins Fe r ry , Martins Fe r ry , Ohio. 1/

Concord N a t i o n a l , I n c . , Concord, North C a r o l i n a , ex tens ion of t ime t o December 1?, 1983, wi th in which t o become a bank holding company through the a c q u i s i t i o n of Concord National Bank, Concord, North C a r o l i n a . ]_/

Union Trust Company of Maryland, Bal t imore , Maryland, e x t e n s i o n s of t ime wi th in which to e s t a b l i s h branches : f1) t o December 16, 1984, a f r e e s t a n d i n g d r i v e - i n a t 11Q45 Pe i s f e r s town Road, Bal t imore County; (?) to November 15, 1984, a f u l l - s e r v i c e branch a t 721-23 Hammonds Ferry Road, Linthicum; and (3) to November 20, 1984, a branch on U. S. Route 50, Trappe, Maryland. ]_/

Peoples Bank of Char les Town, Charles Town, West V i r g i n i a , an investment in hank p remises . 2 /

Valley National Bank, Br idgewater , V i r g i n i a , proposed a c q u i s i t i o n of t h r e e Augusta County o f f i c e s of Vi rg in ia National Bank, Nor fo lk , and F i r s t & Merchants National Bank, Richmond, V i r g i n i a ; r e p o r t to the Federal Deposit Insurance Corporat ion on compe t i t i ve f a c t o r s . ]_/

F i r s t American Bank of V i r g i n i a , McLean, V i r g i n i a , proposed a c q u i s i t i o n of 23 o f f i c e s of Vi r g i n i a National Bank, Nor fo lk , and F i r s t & Merchants National Bank, Richmond, V i r g i n i a ; r e p o r t t o t h e Federal Deposit Insurance Corpora t ion on compe t i t i ve f a c t o r s . V

F i r s t American Rank of V i r g i n i a , McLean, V i r g i n i a , pro-posed merger with F i r s t Peninsula Bank and Trust Company, Hampton, V i r g i n i a ; r epo r t t o t h e Federal Deposit Insurance Corpora t ion on compet i t ive f a c t o r s . 1/

)/ App l i ca t ion proccs^f-fi on behalf of t h e Board of Governors under f c l r-CAt f.f' au thor M y .


w.?, ' . - 3 -

a r ; O F TH^ pn/^PP - Continued

&i m- "1 Adrian A;f Khannon Rank, Ruckhannon, West V i r g i n i a , proposed merger with A. P. Bank, Puckhannon, West V i r g i n i a , a proposed new bank; repor t to t h e f*de ra l r ^pns i t Insurance Corporat ion on compet i t ive

/ i ^ Pan» of , F o r e s t , M i s s i s s i p p i , an investment in p r a i s e s . 2 /

?n i rn *>ank & Trust Company, Montgomery, Alabama, an investment m hank p remises . ] /

/ t U ' ? / Cl in ton Pancsbares* I n c . , C l i n t o n , Lou i s i ana , ex tens ion nf t i r e to February 4 , 19R4, wi th in which to become a hfn& holding company through the a c q u i s i t i o n of CMntun Rank X Trust Company, C l i n t o n , Lou i s i ana . V

%i * SeacoasT Ranking Corpora t ion of F l o r i d a , S t u a r t , F l o r i d a , ex fens ion of t ime to January 1 &, 1984, wi th in which to become a ban; Molding company through the a c q u i s i t i o n of F i r s t National Rank A Trust Company, S t u a r t , F l o r i d a . 2 /

n !ar?,< F i r s t P^rnf -sv iHe Corpora t ion , Rarnesvi Tie , Georgia , ex-t w s w r to time to February !Q, 19R4, wi th in which to hpmme a rank holding company through the a c q u i s i t i o n nt F i rs* f 'aftAna] Rank of R a r n e s v i l l e , R a r n e s v i l l e , nenr(*i/i. 1/

Capi ta l r i f y Rank Group, I n c . , T a l l a h a s s e e , F l o r i d a , ex tens ion of t ime to February 16, 19P&, within which to bmeore a bank holding company through the a c q u i s i t i o n nf r ^ p t t a l Ci ty F i r s t National Rank of T a l l a h a s s e e , Capi ta l City Second National Rank, T a l l a h a s s e e , M i s t r i a l National Rank, T a l l a h a s s e e , City National ;*an&, l a l l a b a s s e e , Havana S t a t e Rank, Havana, and HrsT lonal rank of J e f f e r s o n County, Monti, *4 In , a l l in F l o r i d a .

* F ' r s f r a t i o n a l J a spe r Corpora t ion , J a s p e r , Alabama, e%tensinn of t ime to March 1, 19R4, wi th in which t o b e f o r e a bank holding company through the a c q u i s i t i o n r f the F i r s t National Rank of J a s p e r , J a s p e r , Alabama. ]_/

nr / x c h a r y , / a r h a r y , Lou i s i ana , proposed merger with i nf ! nij ? r i ^ Zachary, Louis iana ;

m the H-ff.ro! ' '^posi i Insurance Corporat ion ' r n f i T - i r t ^ r s . 1 /

; r7*, r if t r A ^f,c*rd of Governors under hnrif y.



A t l a n t a

At 1 dflt <9

At lan t a

Atlanta

Chicago

Chicaqo

S t . Louis

S t . low?'

f i d e l i t y Bant ano Trust Company, S l i d e l l , Lou i s i ana , proposed merger with F i d e l i t y Interim Bank and Trust Company. SI Mel I , Louisiana; report to the federal Deposit Insurance Corporation on competit ive f a c t o r s . 2 /

H w r w a Nation * I Bank, J a c k s o n v i l l e , F lor ida , proposed merger with s ix o f f i c e s of Sun Bank/Hi 11sborough, Tampa, Flor ida; report to the Comptroller of the (urrency on competi t ive f a c t o r s . ] /

Amsouth Bank, &.A., Birmingham, Alabama, proposed merger with C i t i z e n s Bank of Wetumpka, Wetumpka, Georgia; report to the Comptroller of the Currency on compet i t ive f a c t o r s . ] /

E l l i s National Bank of J a c k s o n v i l l e , J a c k s o n v i l l e , F l o r i o a , proposed merger with Jacksonv i l l e National Bank, J a c k s o n v i l l e , Flor ida; report to the Comptroller of the Currency on compet i t ive f a c t o r s . U

Continental International Finance Corporation, Chicago, I l l i n o i s , ex tens ion of time to November 6 , 1984, within which to continue t o hold shares of common stock of Decair Corp., acquired in s a t i s f a c t i o n of debts previously contracted . ] /

Sandwicn Interim Bank, Sandwich, I l l i n o i s , a p p l i c a t i o n f o r ^rior approval t o merge with The Sandwich S t a t e Bank, Sandwich, I l l i n o i s , under the c h a r t e r of The Sandwich Interim Bank and t i t l e of The Sandwich S t a t e Bank; report to the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s , j /

F i r s t Bank Capital Corporation, Tupelo, M i s s i s s i p p i , extens ion of time to February 12, 1984, w i th in which to become a bank holding company through t h e a c q u i s i t i o n of the successor by merger t o F i r s t C i t i z e n s National Bank, Tupelo, M i s s i s s i p p i . ] /

N r i n n v i l l e Bancshares , I n c . , Neosho, M i s s o u r i , ex tens ion of t ime to January 19, 1984, w i th in which to become a bank h o l i n g company through t h e a c q u i s i t i o n of F i r s t S t a t e Bank of M a r i o n v i l l e , M a r i o n v i I l e , Mi s sou r i . 2 /

T? Appl icat ion processed on behalf of the Board of Governors under delegated au thor i ty .


H.P, 1983 0%. - 5 -


S t . Louis Commercial & Industrial Bank, Memphis, Tennessee, proposed merger with t h e F i r s t National Bank of Savannah, Savannah, Tennessee; r e p o r t to the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . 2 /

S t . Louis Landmark Bank of South County, S t . Louis , Missour i , proposal t o merge with Landmark Bank of Sunset H i l l s , N.A., Sunset H i l l s , Missour i ; r e p o r t to t h e Federal Deposit Insurance Corporat ion on c o m p e t i t i v e f a c t o r s . ] /

S t . Louis C i t i z e n s National Bank of F v a n s v i l l e , F v a n s v i l l e , I nd i ana , proposal t o merge with CNB National Bank, F v a n s v i l l e , Ind iana ; r epo r t t o t he Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . 2 /

S t . Louis Merchants and Farmers Bank, Columbus, M i s s i s s i p p i , an a d d i t i o n a l investment in bank p remises . 2 /

S t , Louis Ashley Bancstock Company, C r o s s e t t , Arkansas , ex tens ion of t ime t o February 29, 1984, wi th in which t o become a bank holding company through the a c q u i s i t i o n of t he succes so r by merger t o the F i r s t National Bank of C r o s s e t t , C r o s s e t t , Arkansas . _]_/

S t . Louis C i t i z e n s Bancorp of Hickman, I n c . , Hickman, Kentucky, ex tens ion of t ime to February ?? , 1984, wi th in which t o become a bank holding company through t h e a c q u i s i t i o n of t h e successo r by merger t o the C i t i z e n s Bank, Hickman, Hickman, Kentucky. V

S t . Louis S t a t e National Bank of F r a n k f o r t , F r a n k f o r t , Kentucky, proposal to merge with New S t a t e National Bank of F r a n k f o r t , F r a n k f o r t , Kentucky; r epor t t o t he Comptrol ler of t he Currency on compe t i t i ve f a c t o r s . ]_/

Minneapolis Super io r F inanc ia l Corpora t ion , Saul t S t e . Marie, Michigan, e x t e n s i o n of t ime to February 19, 1984, wi th in which to a c q u i r e t h e Saul t Savings Bank, Saul t S t e . Marie, Michigan. ]_/

Kansas Ci ty Fremont National Bank and Trust Company, Fremont, Nebraska, proposal t o merge with Fremont Bank, N.A., Fremont, Nebraska; r e p o r t t o t h e Comptrol ler of the Currency on c o m p e t i t i v e f a c t o r s . 1/

1/ App l i ca t i on processed on behal f of t h e Board of Governors under de lega ted a u t h o r i t y .


H.?, 1983 No. 46 - 6 -


Kansas City

Kansas Ci ty

Pal l a s

Dal l a s

Hal l a s

San Franc i sco

San Francisco

San Franc i sco

San F ranc i sco

Trenton Trust Company, Trenton , Mis sour i , proposal to merge with Cook and Vencil Rank, G a i t , Missour i ; r e p o r t to t he Federal Deposit Insurance Corporat ion on c o m p e t i t i v e f a c t o r s . ]J

Post Bancorp, I n c . , Colorado Spr ings , Colorado, ex tens ion of t ime t o March 2 , 1984, wi th in which t o acqu i re Northern National Bank, Colorado Sp r ings , Colorado. _]_/

Plac id Oil Company, D a l l a s , Texas, d e r e g i s t r a t i o n s ta tement under Pegul a t i o n G f o r r e g i s t e r e d l e n d e r . J_/

American National Insurance Company, Galves ton , Texas, d e r e g i s t r a t i o n statement under Regula t ion G f o r r e g i s t e r e d l e n d e r . ]_/

F r i t c h S t a t e Bank, F r i t c h , Texas, proposed merger with New F r i t c h S t a t e Bank, F r i t c h , Texas; r e p o r t t o the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . J J

C i t i z e n s Commercial Trust and Savings Bank of Pasadena, Pasadena, C a l i f o r n i a , proposed a c q u i s i t i o n of a s s e t s and assumption of l i a b i l i t i e s of t h e San Marino, C a l i f o r n i a , branch of Barc lays 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 ; r epo r t t o the Federal Deposit Insurance Corpora t ion on compe t i t ive f a c t o r s . ]_/

Santa Ana Savings & Loan A s s o c i a t i o n , a proposed new bank, Santa Ana, C a l i f o r n i a , proposed a c q u i s i t i o n of c e r t a i n a s s e t s and l i a b i l i t i e s of t h e 17th and B r i s t o l branch of Imperial Bank, Los Angeles , C a l i f o r n i a , under the c h a r t e r and t i t l e of t h e former; r epor t t o t he Federal Deposit Insurance Corpora t ion on compe t i t ive f a c t o r s . ]_/

San Jose In te r im National Bank, San J o s e , C a l i f o r n i a , proposed merger with San Jose National Bank, San J o s e , C a l i f o r n i a , under t h e c h a r t e r of t he former and with the t i t l e of the l a t t e r ; r epo r t to the Comptrol ler of t he Currency on compe t i t i ve f a c t o r s . V

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 Angeles , C a l i f o r n i a , e x t e n s i o n s of time wi th in which to e s t a b -l i s h b ranches : (1) t o November 18, 1984, a branch in the v i c i n i t y of the i n t e r s e c t i o n of Highway 111 and Country Club Dr ive , Rancho Mirage; (?) to November 20, 1984, an o f f i c e in 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 Highway 49 and Brunswick Road, Grass Val ley; (3) to November 27, 1984, an o f f i c e in the v i c i n i t y

J J Appl ica t ion processed on behal f of the Board of Governors under ~~ de lega ted a u t h o r i t y .


H.?, 14R3N0. 46 - 7 -


of t he i n t e r s e c t i o n of Central and San Tomas Expressways, Santa C l a r a ; and (4) t o November ?8 , 1984, a branch a t Rancho Santa Fe Road and San Marcos Boulevard; San Marcos, C a l i f o r n i a . V

San RankAmerica Corpo ra t i on , San F r a n c i s c o , C a l i f o r n i a , F ranc i sco ex t ens ion of t ime t o December ? , 19P4, wi th in

which to make an a d d i t i o n a l investment in BankAmerica Overseas Finance Corporat ion N.V., Netherlands A n t i l l e s . 1/

] / App l i ca t ion processed on behal f of t h e Board of Governors under de l ega ted a u t h o r i t y .


H.? , 1983 No. 46 - 8 -


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

Approved Atlanta Flagship Bank of Tampa, Tampa, F lor ida , to merge with

Sun Bank/Hi 1lsborough, Tampa, Flor ida . J /

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

Kansas City

Dal l a s

Dal l a s

Not Disapproved United Kansas Bank Group, I n c . , Merriam, Kansas. 1/

Union of Texas Bancshares, I n c . , Houston, Texas. J_/

The HNB Corporation, Homer, Louisiana. ] /

* * * *

To Establ i sh a Domestic Branch Pursuant to Sect ion 9 of the Federal Reserve Act

Approved Cleveland The F i f t h Third Bank, Cinc innat i , Ohio. To e s t a b l i s h

a CBCT branch at Christ Hospi ta l , Cinc innat i , Ohio. ] /

Richmond Southern Bank, Richmond, Virg in ia . To e s t a b l i s h a branch o f f i c e at 100 McLaws C i r c l e , James City County, V irg in ia . V

Chicago Genesee Merchants Bank & Trust Co., F l i n t , Michigan. To e s t a b l i s h automatic t e l l e r s at the fol lowing l o c a t i o n s : Hurley Medical Center, Hurley Plaza, f l i n t , Michigan; F l in t Osteopathic H o s p i t a l , 3921 Beecher Road, F l i n t , Michigan; GMI Engineering & Management I n s t i t u t e , 1700 W. Third Avenue, F l i n t Michigan. 1/

T7 Appl icat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .


* . ^cn t inuec

^rr : * f * of r i L a Pf^k - C p r f r a l . ( a n s i n y , Micinyan. It; aut&âfed t e l l e r machine a? t^f r anee on the qround Moor of the

rdr i n ^t r i* n Pui ld i r* ; , 9?D Town send S t . , WT < y i c h i y a n . 1/

T i iv r x ; / e r s $ \T^(# Kank amf Trust Co. , F l l s w o r t h , Kansas. In a f a c i l i t y % oca ted a t the NW corner of >?+*f s ec : ? ' tif Highways *56 an^ Wi% FT I swor th ,

!;

?<#*:$") Pa^k, * ave J u n c t i o n , Oregon. To e s t a b l i s h i%f c* a t f4»nc* a f* #te t o he loca ted in t he Deer Creek Plaza

v K : f ;?y r f *re i n t e r s e c t i o n of Peer Creek Road Miqhvay in êlma, Oregon. 1/

^ f

^ s i f t w. r t t: ? a ; i » i c a t m n s f r I n t e r n a t i o n a l > K r t f ^ r f c t w r t Pursuant t o Sect ion / 4 and ?h(a ) f^he v#* f i t A c t i o n s ^ ( c X U ) and Afc)(14)

t-rlf*inc Torgary ^ct 1^56, as anended

Approver ^ - n r t l a m , Oregon: g r a n t s consent t o

{ ^ w r »-<: - s*" - * [ c r t n ^ d i n y company, U. S. World I",* w or ; r a t i o n , P o r t l a n d , Oregon.

- *, !" rpf jp( f Allowed to e x p i r e ' Investment Corpo ra t i on , kiliTiington,

\ %&*ar$ : no o b j e c t i o n to a c q u i r e a d d i t i o n a l shares f* êu tscn land^ Crb^\ F r a n k f u r t , West -f *T ,*ry .

^ ,T ;< ( , ?rw h»'% ^ ** w \ r r . ; no o b j e c t i o n to make an <*/<?%( son*! m v ^ s t r e n t in C i t i c o r p C r e d i t , I n c . , Tokyo,

.? ̂ <40 .

Ku:» * ^ r $ . f n d M ,t %;:* Sar F r a n c i s c o , C a l i f o r n i a : f " MKr^SH ; f s investment in i f s i n d i r e c t s u b s i d i a r y , %Y- Milan, I f d ' v .

A;,* i M a" K ' | *.," ..; 1f nf The- Koard of f overnors under "4" fqaf f-" 1% .


- m

ACTinNS OF IMF BOARD - Continued

?n Fnm a Rank Holding Company Pursuant t o Sect ion nf t h e Bank Holding Company Act of 1Q56

Phi l ade !ph ia

r leve l and

1anta

At lan ta

Chicago

Chicago

Chicago

Chicago

Chicago

Approved I VP F inanc ia l Corpo ra t i on , P h i l a d e l p h i a , Pennsylvania ,

f o r approval to a cqu i r e TOP percen t of t he vot ing s h a r e s of t he successo r by merger t o I n d u s t r i a l Valley Rank and Trust Company, P h i l a d e l p h i a , Pennsy lvan ia .

Peoples S e c u r i t y Bancorp, I n c . , Louisa , Kentucky, f o r approval t o a c q u i r e 100 percent of t he vo t ing shares of The Peoples Secu r i t y Rank of Louisa , Louisa , Kentucky. V

NRN C o r p o r a t i o n , Newport, Tennessee , f o r approval t o a c q u i r e AO percen t of t h e vo t ing shares of National Rank of Newport, Newport, Tennessee. 2 /

Peoples Rankshares Inco rpo ra t ed , Eatonton, Georgia , fo r approval t o a cqu i r e 100 percent of t he vot ing shares nf The Peoples Bank, Eatonton , Georgia . ]_/

Fox Lake Rankshares , I n c . , Fox Lake, Wisconsin, f o r approval to a cqu i r e at l e a s t 80 percen t of t he vot ing s h a r e s of S t a t e Rank of Fox Lake, Fox Lake, Wisconsin. ] /

H i l l s Rancorpora t ion , H i l l s , Iowa, fo r approval to a cqu i r e 100 pe rcen t of the vot ing sha res of H i l l s Bank and Trust Company, H i l l s , Iowa. V

KSAP, I n c . , Council B l u f f s , Iowa, f o r approval t o acqu i r e at l e a s t AO percen t of t h e vot ing shares of F i r s t National Rank of Council B l u f f s , Council B l u f f s , Iowa.

NPG F inanc ia l Corpora t ion , Greenwood, Ind iana , f o r approval to a c q u i r e 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 sha res ) of t h e vot ing sha res of the successo r hy merger t o The National Bank of Greenwood, Greenwood, I nd i ana . 2 /

l-estmont Corporat. ion , West Union , Iowa , f o r approval t o acqu i re 80 pe rcen t of the vot ing shares of The Farmers Savings Bank, West Union, Iowa. 1/

' fp* Meat inn processed nn behalf of the Board of Governors under a w f h n r i f y .


1%?, 1 W 1%. AG - 11 -

ACTIONS OF THE POARO - Continued

S t . l o u i s F i r s t Perry Pancorp, I n c . , P i n c k n e y v i l l e , I l l i n o i s , f o r approval t o a c q u i r e 100 percent of the vot ing sha re s of the successor hy merger t o F i r s t National Pank in P i n c k n e y v i l l e , P i n c k n e y v i l l e , 111innis . V

S t . Louis Lakeside Pancshares Inco rpo ra t ed , Hughes, Arkansas, f o r approval t o a cqu i r e a t l e a s t 80 percent of the vot ing sha re s of The P l a n t e r s National Pank of Hughes, Hughes, Arkansas . ] /

Minneapolis Frandsen Pancshares , I n c . , Luck, Wisconsin, fo r approval t o a cqu i r e 100 pe rcen t of t he vot ing shares of F i d e l i t y S t a t e Pank, Luck, Wisconsin, j y

Minneapolis Ki t t son Investment Company, Grygla , Minnesota, f o r approval t o a c q u i r e 99 .2 percent of the vot ing sha res of American S t a t e Pank of Grygla , Minnesota.

Minneapolis Milk River Inves tments , I n c . , Hinsda le , Montana, f o r approval t o a cqu i r e a t l e a s t AO percent of t h e vot ing sha re s of F i r s t National Pank of Hinsda le , Hinsda le , Montana.

Kansas Ci ty The C i t i z e n s S t a t e Pank and C i t i z e n s Holding Corporat ion Employees' Stock Ownership Plan , Keeneshurg, Colorado, f o r approval t o p a s s i v e l y i n c r e a s i n g i t s ownership of t h e vo t ing shares of C i t i z e n s Holding Corpora t ion , Keeneshurg, Colorado, from 24.QO percen t t o 41.4F p e r c e n t . 1/

Kansas Ci ty Farmers and Merchants Pancorp, I n c . , Hil l C i t y , Kansas, fo r approval to acqu i r e a t l e a s t PO percent of the vot ing sha re s of The Farmers and Merchants Rank of Hi l l C i t y , Hi l l C i t y , Kansas. 2 /

Kansas Ci ty P l a i n v i l l e Pancsha res , I n c . , P l a i n v i l l e , Kansas, f o r approval to acqui re a t l e a s t 80 percen t of the vot ing s h a r e s of P l a i n v i l l e S t a t e Pank, P l a i n v i l l e , Kansas. 2 /

P a l l a s F i r s t Community F inanc ia l Corp . , Lufk in , Texas, f o r approval t o acqu i r e 100 percent of the vot ing shares of Community S t a t e Pank, Lu fk in , Texas. 1/

* * * * *

V Appl ica t ion processed on behalf of the Poard of Governors under * de lega ted a u t h o r i t y .


H.2, 19P3 No. 46 - 12 -


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

Withdrawn P a l l a s F i r s t Bancshares of Texas, I n c . , Longview, Texas,

f o r approval to a cqu i r e 100 percen t of the vot ing sha re s of The F i r s t National Bank of A t l a n t a , A t l a n t a , Texas. 1/

Boston Approved

The Con i fe r /Essex Croup, I n c . , Worces ter , Massachuse t t s , f o r approval t o a c q u i r e 100 percent of t he vot ing shares of Union National Bank, Lowell , Massachuset ts and Falmouth Bank and Trust Company, Falmouth, Massachuse t t s . ]_/

A t l an ta SouthTrust Corpo ra t i on , Birmingham, Alabama, f o r approval t o a c q u i r e 75 pe rcen t of t h e vot ing shares of Ci t ibanc Croup, I n c . , Alexander C i t y , Alabama. 1/

Chicaqo FIRST OAK BROOK BANCSHARES, INC., Oak Brook, I l l i n o i s , f o r approval to a c q u i r e a t l e a s t 95 . ? percent of t he vo t ing sha res of Warrenvi11e Bank and Trust Co., W a r r e n v i l l e , I l l i n o i s . 1/

* * * * *

To Fxpand a Bank Holding Company Pursuant t o Sect ion 4 ( c ) ( P ) of t h e Bank Holding Company Act of 1956

Approved New York Chemical New York Corpo ra t ion , New York, New York,

f o r approval t o acqu i r e through i t s newly-organized s u b s i d i a r y , ASX, I n c . , 100 percent of t h e p a r t n e r s h i p i n t e r e s t s in Alexander , S c r i v e r and A s s o c i a t e s , Oenver, Colorado, and the reby t o engage in nonbankinc a c t i v i t i e s . ]_/

Cleveland F.N.B. C o r p o r a t i o n , Hermitage, Pennsy lvan ia , f o r approval t o a c q u i r e t h e f i nance r e c e i v a b l e s and equipment , r e t a i n t h e p e r s o n n e l , and assume the real e s t a t e l e a s e o b l i -g a t i o n s of f i v e o f f i c e s of Carson Consumer Discount Company, Well shorn , Pennsy lvan ia . ] /

i / App l i ca t i on processed on beha l f of the Board of Governors under de l ega ted a u t h o r i t y .


ACTIONS OF THE ROAPD - Continued

Cleveland f n c i e f y C o r p o r a f i n n . Cleve land , Ohio, f o r approval to engage in p rov id ing management cons; ; ! t i ng s e r v i c e s T,, PancSystems A s s o c i a t i o n , Rocky R ive r , Ohio, a nondepos i to ry i n s t i t u t i o n .

Cf Comerira I r c o r p o r a t e d , P e t r o i t , Michigan, f o r approval tc e s t a b l i s h a de novo s u b s i d i a r y , Comerica-Midwest,

a rd t o engage de novo in making or acqu i r ing f o r i t s own account or f o r t he account of o t h e r s , loans and o t h e r e x t e n s i o n s of c r e d i t , such as would he r a d e hy a f i n a n c e or c r e d i t card company in Toledo, Ohio.

i o u i t Lakeside Pancshares I n c o r p o r a t e d , Hughes, Arkansas, f o r approval t o encage d i r e c t l y in rea l e s t a t e a p p r a i s a l s . 1/

Permi f t e d Flee? H r a n r W Group, I n c . , Providence , Rhode

I n l a n d , n o ^ i f i r a t i o n of i n t e n t t o engage in de novo a c t i v i r i e s (f i ) o r i g i n a t i o n and s a l e of r e s i d e n t i a l and commercial mortgage loans and loans snn.rm? j u n i o r l i e n s on r e s i d e n t i a l real e s t a t e ;

i r s e r v i c ing nf r e s i d e n t i a l and commercial mortgage loar< and loans secured hy j u n i o r l i e n s on r e s i d e n t i a l r ea l e s t a t e ) a t w r i t e r s ' Five

1P71 South P e l l a i r e S t r e e t , Denver, C n i o r a d r , t he s e r v i c e area wi l l be t h e Colorado c o u n t i e s of ; Adams, Arapahoe, Pou lde r , Clear f r e e ? , ^oug la s , F l b e r t , F1 Paso* G i l p i n , J e f f e r s o n , l a r i m e r , Korean, Pa rk , T e l l e r , Weld, through i t s t ,*K<Jdiary, F l e e t Mortgage Corp. H l /19 /%3) 3/

* or#^ Thf Chasm Manhattan Corpo ra t i on , New York, New York, rccups+s p e n r i s s i o n to e s t a b l i s h a de novo o f f i c e engaging in The t o ) l o v i n g a c t i v i t i e T " f m a k i ng or a c q u i r e d f o r i t s own account and for the account o* o t h e r s , loans and o the r ex tens ions of ( rmffif* hnrh secured and unsecured i n c l u d i n g , but not * imi tM t : , consumer jnd bus ines s l i n e s of r r e t f i f , m s f c l l ^ e n t loans f n r p e r s o n a l , household ar/i bus ines s purposes and mortgage loans secured ; y r^t ' l ; r^pAr ty ; s e r v i c i n g x»a^ s and o the r e x t e n s i o n s

or * , 0 ^ ( f f h- KOdrd of Governors under * it ^ +y .

w n X " f ^ M f i c a t K ^ by Pes,-' ve Pank on behal f of t he f ^ a n - nf Coverrnrs ' ; rder de l ega t ed ai,t hr r i t y .

i


f r t i f K S THE POAQD . C'.itinued

of crm^11; and act ing as insurance agent for cred i t l i f e insurance and credi t accident and health insurance d i r e c l t y re la ted »o such lending and < e f v i c i e g a c t i v i t i e s ) at Pickwick Plaza, Building 34, free^wich, Connecticut, through i t s subs id iary , Chase Vdohaltar Financial Serv i ce s , Inc. (11 /16/83) 2 /

C i t i c o r p , %ew York, New York, requests permission t o expand the s e r v i c e area to include the State of Connecticut of an e x i s t i n g o f f i c e s engaging in %he fo l lowing a c t i v i t i e s ( the making or acquiring o* leant and otner extens ions of c r e d i t , secured er t ,rtefured, for consumer and other purposes; IN* purchasing and serv i c ing for i t s own account of sale< f inance contrac t s ; the extens ion of loams to dea lers for the f inancing of inventory TMerr ( tanning! and working capi ta l purposes; fro t t e < * r v i c m g , for any person, of loans and o*N»r e&fensions of c r e d i t ) at Praintree Hill M f i c f "art , *ra intree Hill Park, Praintree , P*ss<»f»;sMts. through i t s subs id iary , Cit icorp Acceptance Company$ %nc. (Delaware) (11 /17/83)

( i t i r o r p . Te# York, New York, requests permission 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 to include tn*. fo l lowing a c t i v i t i e s ( the making of acquiring of loans and other extensions of c r e m * . secured or unsecured, for consumer and

purposes; the extens ion of loans to dealers f^r t t e f inancing of inventory Ffloor planning!

capi ta l purposes; the purchasing and tor i t s own account of sa l e s f inance IN? s a l e of cred i t re lated l i f e and

accident ard heal th insurance ^y l i censed agents or hro&^rs, as required; the making of loans to i m v i d u a l s ,*nd nus i re s se s secured oy a l i en on

f \ y * s , modular uni t s or re lated manufactured housing, ( fge tner wilh the real property to which w c h mo i s or w i l l he permanently a f f i x e d , %ucr pr,»^rty oeing used as secur i ty for loans; a*ft fur any person, of loans and gwfhf-r *«xfen<ioo< uf r r e d i t ) at HUH Dutch Square

iiJfch Plaza , ^uite 100, Columbia, South i^s si .M^diary, Cit icorp

; forpa^y. Inc. H 1 / I 7 / P 3 ) 3/

frfc#-s^ec !y Peserve Rank on behalf of the %rvffeors inder delegated author i ty .


- 1 7 -

3 am F ranc i s co

San f ranc i sco

\an ^ a n t i s c o

San f ran( iSCv


the Texas Credit Code) at 10501 Market, Houston, Texas, the s e r v i c e area wi l l be Har r i s County, Texas, through i t s subs id iary , Mercury Acceptance Corporation (11 /18 /83) 3/

RankAmerica Corporation, 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 intent to engage in de novo a c t i v i t i e s Mn the a c t i v i t i e s of s e c u r i t i e s b rokerage c o n s i s t i n g p r i n c i p a l l y of buying and s e l l i n g s e c u r i t i e s s o l e l y upon the order and for the account of cus tomers , and of extending margin cred i t in conformi ty with Regulation T) at 9461 Wilshire Boulevard, Su i te 100, Beverly H i l l s and 1101 Westwood Boulevard, S u i t e 100, Los Angeles , both located in C a l i f o r n i a , se rv ing a i l f i f t y S ta tes and the D i s t r i c t of Columbia, through i t s subs id iary , Charles Schwab & Co. , I n c . (11/15/83) 2 /

f i r s t I n t e r s t a t e Bancorp, Los Angeles , C a l i f o r n i a , n o t i f i -cat ion of intent to engage in de novo a c t i v i t i e s ( in making or acquiring loans and o the r ex t ens ions of c r e d i t , such as commercial loans secured by a bo r rower ' s i n v e n t o r y , accounts rece ivab le or other a s s e t s , and s e r v i c i n g loans) in the St . Louis, Missouri area , se rv ing the Midwestern S t a t e s , through i t s subs id iary , F i r s t I n t e r s t a t e Commercial Corporal ion (11 /14 /83) 3/

F r o n t i e r Bancorp, V i s t a , 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 ( in s e r v i c i n g and s e l l i n g loans in t h e secondary market permi t ted by t h e C a l i f o r n i a Personal Proper ty Brokers ' Law) t h e s e a c t i v i t i e s would be conducted in t h e S t a t e of C a l i f o r n i a , through i t s s u b s i d i a r y , Vista F r o n t i e r F i n a n c i a l S e r v i c e s , I n c . (11 /14 /83) 2 /

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 Angeles , 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 f i n making or a c q u i r i n g f o r i t s own account or fo r t he account of o t h e r s , loans and ex t ens ions of c r e d i t , i nc lud ing making consumer i n s t a l l m e n t personal l oans , purchas ing consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans to small bus ines se s and o t h e r ex tens ions of c r e d i t such as would be made by a f a c t o r i n g company nr a consumer f i n a n c e company, and a c t i n g as broker or agent f o r tne s a l e of 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 i n s u r a n c e , such insurance a c t i v i t i e s being pe rmi t t ed pursuant t o Sec t ion 601(A) and (D) of T i t l e V! of t h e Garn-St Germain Act) a t 2627 Hylan Boulevard,

j / 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of the Roard of Governors under de lega ted a u t h o r i t y .


H.2, 1983 No. 46 - 1 8 -


S t a t en I s l a n d , New York, s e rv ing the S t a t e of New York, through i t s 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 Finance Corp. and SPF Cred i t S e r v i c e s , I n c . (11/19/83) 3/

San S e c u r i t y P a c i f i c Corpo ra t i on , Los Angeles, C a l i f o r n i a , F ranc i sco 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 making or a c q u i r i n g f o r i t s own account or f o r t h e account of o t h e r s , loans and e x t e n s i o n s of c r e d i t , i nc lud ing making consumer i n s t a l l m e n t personal l o a n s , purchas ing consumer i n s t a l l m e n t s a l e s f i nance c o n t r a c t s , making loans to small b u s i n e s s e s and o t h e r ex t ens ions of c r e d i t such as would be made by a f a c t o r i n g company or a consumer f i n a n c e company and a c t i n g as broker or agent f o r t he s a l e of c r e d i t l i f e , acc iden t and h e a l t h i n s u r a n c e , and c r e d i t p roper ty i n s u r a n c e , such insurance a c t i v i t i e s being permi t ted pursuant t o Sec t ion 601(A) and (D) of T i t l e VI of t he Garn-St Germain Act) a t 7827 Col ina , City of I n d u s t r y , C a l i f o r n i a , s e rv ing t h e S t a t e of C a l i f o r n i a , through i t s s u b s i d i a r y , Secu r i t y P a c i f i c Finance Corp. (11 /19/83) 3 /

3 / 4 (c ) (A) 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 de lega ted a u t h o r i t y .


H.?, 19P3 No. 46 . 19 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant to Sect ion 9 of the Federal Reserve Act

P h i l a d e l p h i a Girard Bank, Pal a Cynwyd, Pennsy lvan ia . To e s t a b l i s h a Remote Serv ice F a c i l i t y at the Ph i l ade lph ia I n t e r n a t i o n a l A i r p o r t , P h i l a d e l p h i a , Pennsy lvan ia . ?/

Ph i l ade lph i a Oirard Bank, Bala Cynwyd, Pennsylvania . To e s t a b l i s h a Remote Service F a c i l i t y a t Texaco Serv ice S t a t i o n , 1551 Wadsworth Avenue, P h i l a d e l p h i a , Pennsy lvan ia . ?/

Ph i l ade lph ia The Bank of New J e r s e y , Moorestown, New J e r s e y . To e s t a b l i s h a new ATM s i t e a t the new e n t r a n c e of the Medford Thri ftway S to re , Stokes Road, Med f o r d , New J e r s e y . 2 /

Richmond United V i rg in i a Bank, Richmond, V i r g i n i a . To e s t a b l i s h a f r e e s t a n d i n g ATM at the Plaza O f f i c e branch, Radford Shopping Cen te r , Fa i r lawn, V i r g i n i a . _?/

At lan ta Trust Company Bank, A t l a n t a , Georgia . To e s t a b l i s h a branch loca ted a t Per imeter Center Parkway, A t l a n t a , Georgia . 2 /

Chicago Comerica Bank-De t ro i t , Michigan. To e s t a b l i s h an EFT t o be loca ted at De t ro i t Metropol i tan A i r p o r t , Road Commission, D e t r o i t , Michigan. ?/

To Become a Member of t he Federal Reserve System Pursuant t o Sect ion 9 of the Federal Reserve Act

S t . Louis MidAmerica Bank and Trust Company of Edgemont, Fast S t . Louis , I l l i n o i s .

* * * * *

/ / App l i ca t ion s u b j e c 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 t o the l eng th of t h e comment p e r i o d .


H.?, 19B3No. 46 - 20 -

APPLICATIONS RECEIVED - Continued

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 Investments and Other Actions Pursuant to Sec t ions ?5 and 25(a)

of t h e Federal Reserve Act and Sec t ions 4 ( c ) ( 9 ) , 4 ( c ) (13 ) and 4(c) (14) of t h e Bank Holding Company Act of 1956, as amended

New York Ci t ibank * N.A., New York, New York: r eques t s consent t o , d i r e c t l y or i n d i r e c t l y , acqu i r e add i t i ona l shares of Diners Club of Greece S .A . , Athens, Greece.

New York Citibank Overseas Investment Co rpo ra t i on , Wilmington, Delaware: prior n o t i f i c a t i o n of i n t e n t t o make an a d d i t i o n a l investment in Car te Blanche A u s t r a l i a L imi t ed , Sydney, A u s t r a l i a ,

New York Marine Midland Ranks, I n c . , B u f f a l o , New York: p r i o r n o t i f i c a t i o n of i t s intent to a cqu i re 57 percent of the to ta l equity of Shorcan International Brokers Limited, Toronto, Canada.

San Union Rancorp, Los Angeles, Ca l i forn ia : p r i o r n o t i f i c a t i o n Francisco of i t s intent to expand the a c t i v i t i e s of i t s export

trading company, StanChart Export Serv ices Company.

* * * * *

To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o Sec t ion ?5 of the Federal Reserve Act

Boston S t a t e S t r e e t Bank and Trust Company, Boston, Massachuse t t s : r e q u e s t s consent t o e s t a b l i s h a branch in London, England.

New York C i t i b a n k , N .A., New York, New York: p r i o r n o t i f i c a t i o n of i t s i n t e n t t o open an i n i t i a l branch in Kathmandu, Nepal .

A * * * *


H.P* 1QP3 No. -


To Form * Rank Holding Company Pursuant t o Sect ion T f a X I ) of the Rank Holding Company Act of 1%C

Cleveland Community Holding Company, I nez , Kentucky, f o r approval to acquire at l ea t BO percent of the vot ing shares of Ine/ Deposit Bank, Inez, Kentucky.

t l ta Earners X Merchants Bancshares, I n c . , Adel, Georgia , for approval to acquire a t l e a s t R4.5 percent of the vot ing shares of The Farmers and Merchants Park, Adel, Georgia.

f t l a n a Peoples Firs t National Bancshares , In c . , North Miami Peach, F lor ida , for approval to a cqu i r e a t l e a s t 95.06 percent of the voting sha res of Peoples F i r s t National Bank, North Miami Peach, F l o r i d a . ? /

Chit dye The Heritage Group* I n c . , Poodr idge, I l l i n o i s , f o r approval to acquire at l e a s t 96.05 pe rcen t of the voting shares of Her i t age Hank of Woodridge, Woodridge, M I i n n i s . ?/

Chicago vtdwect Pancshares, I n c . , Park Forest ^outh , I l l i n o i s , for approval t o acquire at l e a s t P0 percent or more of the voting shares of Her i t age Rank of Park Fores t South. Park Forest South, I l l i n o i s .

f M c a g o Pohanco F inanc ia l Corp . , Roches te r , Ind iana , fo r approval to acquire 100 pe rcen t of t h e vot ing sha res H e s s d i r e c t o r s ' qua l i fy ing sha re s ) of t he successor hy merger to the Firs t National Bank of Roches te r , Rochester, Indiana. ? /

%t. i o u i s Perton State Pankshares, I n c . , Benton, Arkansas , fo r approval to acquire at l e a s t AO percent of the vot ing chares of Benton State Bank, Penton, Arkansas. jY

S t . Louis First <*»arp County Pancsha res , I n c . , Ash F l a t , Arkansas for approval to acqu i r e a t l e a s t 80 percent of the voting shares of F i r s t National Bank of Sharp County, Ash F l a t , Arkansas. jY

Louis Peoples Pank Corporation, Mountain Home, Arkansas , fo r approval to acquire 100 percent of t he vo t ing shares of Peoples Bark f ~rys» Company, Mountain Home, Arkansas. P'

~Apjrl i car i co s .rj^ct ro Community Reinvestment Act . The Community Affa ir s of the appl i cab le Reserve Bank may he contac ted as to ?ercth of the comment period.


; r A : n p p r n v F n . cont inued

: r , i ( Spurqpmn F inanc ia l Cnrpo r^ t i on , Spurgeon, Ind iana , for ap r r cva l t o a c q u i r e inn percent of the vot ing snare^ of ?he ^purêcn S t a t e Pank, Spurgeon,

?/

Secur i t y Shares , I n c . , Mankato* Minnesota, f o r approval to f ( q i , t r r a t l e a s t ^1.0^ percen t of the vot ing shares of Secu r i ty S t a t e Pank of Mankato, Mankato, Minnesota.

%erm?Hicr P f n c s h a r r s , I n c . , Vermi l l ion , Minnesota, f o r approve) fn a c q u i r e at l e a s t Ph.? percen t of the vot ing c h a r t s cf Vermi l l ion S t a t e Rank, Vermi l l i on , Minnesota. ? /

f i t y P a ^ c n r p . , Inc* , Kansas C i t y , Kansas, fo r approval t o a cqu i r e a t l e a s t #0 percent of t h e vot ing shares

^rrnKhAaM S t a t e Pank nf Kansas C i t y , Kansas C i t y , Kansas, ? /

Kan<a< r i t y Kanf#i .Panrshares , I n c . , S a l i n a , Kansas, f o r approval to a c c u i r p a t l e a s t 07 percen t of t he vot ing shares M F i r s t Handi-Pankshares , I n c . , S a l i n a , Kansas, and i n d i r e c t l y F i r s t National Bank and Trust Company, Sal i n ? , Kansas. jV

Ci ty I n c . , Fnglewood, Colorado, f o r approval to a cqu i r e 1^0 percent of the vot ing shares of The National City Rank nf Denver, Denver, Colorado. ?/

P a l l a s f l v i n Ranrsha res , I n c . , Alvin , Texas, fo r approval to a cqu i r e 100 pe rcen t of t he vo t ing shares of Alvin ^t^Tp Pank, Alv in , Texas.

âncHi l l s PanCorp. , I n c . , Aus t in , Texas, f o r approval t c a cqu i r e a t l e a s t 80 .7 percen t of the vot ing shares cf ânl^ of the H i l l s , Aus t in , Texas,

^pre^s F i n a n c i a l , I n c . , Kerens, Texas, fo r approval f ^ a r q u i r e 100 pe rcen t of the vot ing shares of The F i r s t S t a t e Pank of Kerens, Kerens, Texas. ? /

N H a s Marble F a l l s National Pane s h a r e s , I n c . , Marble F a l l s , Te>r% for approval to acqu i re 100 percent of the vnMnq c h a r t s of Marble Fa l l s National Pank, Marble FaH <. . ?/

r i p M f i f i o r ^r*".f*rt Cnrmur i Ty Reinvestment /^ct. The Community t Reserve Pank nay he contac ted

? f * N* of ^ ^ f" / c r r e r t p e r i o d .

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

H . f , 1*23 No. 46 - ?3 -

APPLICATIONS DECEIVED - Continued

Pa l l as

San Francisco

San F ranc i sco

Poth P a n c o r p o r a t i o n , I n c . , Po th , Texas, f o r approval t o a c q u i r e 100 percent of t he vot ing shares of The F i r s t National Rank of Poth , Poth , Texas. jY

ASP Pancorp, San Pedro, C a l i f o r n i a , fo r approval t o acquire 100 percent of the vot ing shares of Bank of San Pedro, San Pedro, C a l i f o r n i a .

New Nevada National Panco rpo ra t i on , I n c . , Reno, Nevada, f o r approval t o a c q u i r e 100 percent of the vo t ing sha re s of Nevada National Pancorpora t ion , I n c . , and i n d i r e c t l y Nevada National Bank, both of Reno, Nevada. ? /

* * * * *

To Expand a Pank Holding Company Pursuant t o Sect ion ? ( a H 3 ) of t he Rank Holding Company Act of 1956

Pichmond Centurion Pancorp, I n c . , C h a r l e s t o n , West V i r g i n i a , f o r approval t o acqu i r e 100 percen t of the vot ing sha res of Cardinal S t a t e Rank, Peck!ey, West Vi r g i n i a . ? /

Pichmond NCNP Corpora t ion , C h a r l o t t e , North C a r o l i n a , f o r approval to acqu i r e 100 percen t of the vot ing sha res of F i l l s Ranking Corpora t ion , Rradenton, F lo r ida and i n d i r e c t l y up t o 100 percent of F l l i s Rank & Trust Company, S a r a s o t a , F l o r i d a ; F l l i s Springs Rank, Tarpon Spr ings , F l o r i d a ; E l l i s Commercial Rank, Live Oak, F l o r i d a ; E l l i s Bank of R1ountstown, Blountstown, F l o r i d a ; E l l i s Fort Myers Bank, Fort Myers, F l o r i d a ; E l l i s Peoples Bank, G a i n e s v i l l e , F l o r i d a ; E l l i s Bank of Indian Rocks, Largo, F l o r i d a ; E l l i s Highlands Pank, Avon Park, F l o r i d a ; Dixie County S t a t e Rank, Cross C i t y , F l o r i d a ; E l l i s F i r s t National Bank of Bradenton, Rradenton, F l o r i d a ; F l l i s F i r s t National Rank of West Pasco, New Port P ichey , F l o r i d a ; F l l i s F i r s t National Rank in Tarpon Spr ings , Tarpon Spr ings , F l o r i d a ; Royal Trust Rank of F l o r i d a , S t . P e t e r s b u r g , F l o r i d a ; F l l i s National Rank of Central F l o r i d a , Tampa, F l o r i d a ; F l l i s F i r s t National Rank of J ay ,

7J App l i ca t i on 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 Reserve Rank may be contac ted as to the l eng th of t he comment p e r i o d .


H.?, TOPPNn. 46 - p / 3 -


J a y , F l o r i d a ; E l l i s National Bank uf Ta l l ahas see , T a l l a h a s s e e , F l o r i d a ; FIT i s Park of Northeast F l o r i d a , N.A., Be Pary , F l o r i d a ; and J a c k s o n v i l l e National Pank, J a c k s o n v i l l e , F l o r i d a .

Richmond Union Pancorp of West V i r g i n i a , I n c . , C la rksburg , West V i r g i n i a , f o r approval to acqu i r e 100 percen t of t h e vot ing sha res of F i r s t National Pank in P h i l i p p i , P h i l i p p i , West V i r g i n i a . jV

At lan ta The Colonial BancGroup, I n c . , Montgomery, Alabama, for approval to a cqu i r e 100 pe rcen t of t he vot ing sha res of t he succes so r by merger to The Bank of H u n t s v i l i e , H u n t s v i l i e , Alabama, and the successor by merger t o C i t i z e n s National Bank of Opp, Opp, Alabama. 2/

S t . L e n s General Pancshares Corpora t ion , S t . Louis , Missour i , f o r approval t o acqu i r e i n d i r e c t con t ro l of 100 percen t of the vo t ing sha re s of The Char les ton National Pank, C h a r l e s t o n , I l l i n o i s , and at l e a s t 51 percent of t h e vo t ing shares of Ashmore S t a t e Pank, Ashmore, I l l i n o i s .

P a l l a s Southwest Pancsha res , I n c . , Houston, Texas, for approval to a c q u i r e 100 percen t of t h e vot ing sha res of Pank of t h e Southwest , N.A., Las Co l inas , I r v i n g , Texas, a proposed new hank. ?/

P a l l a s V i c t o r i a Pank, I n c . , V i c t o r i a , Texas, f o r approval t o a c q u i r e 10 pe rcen t of t h e vot ing shares of Mercan t i l e National Pank of K i n g s v i l l e , K i n g s v i l l e , Texas. ?/

* * * * *

To Expand a Bank Holding Company Pursuant to Sect ion 3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956

S t . Louis General Bancshares Corpo ra t i on , S t . Louis , Missour i , f o r approval t o acqu i r e through t h e merger of Mid-Centra l Pancsha res , I n c . , Cha r l e s ton , I l l i n o i s , General Pancshares Corpora t ion of I l l i n o i s , B e l l e v i l l e , I l l i n o i s . 2/

Kansas City Cent ra l Serv ice Corpo ra t i on , Enid, Oklahoma, f o r approval to merge with Nichols H i l l s Rancorpora t ion , I n c . , Oklahoma C i t y , and i n d i r e c t l y acqu i re Nichols H i l l s Pank, f i c o ' s "Mi l s , Oklahoma. _?/

? / App l i ca t i on 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 t he a p p l i c a b l e Reserve Pank may he contac ted as t o t he length of the comment p e r i o d .


i ' .P , |0%3 No. 46 - 2 5 -

APPLICATIONS PECCIVFn . Continued

Expand a Pank Holding Company Pursuant to Sect ion of the Rank Holding Company Act of 1%6

Boston DM Stone C o r p o r a t i o n , P rov idence , Rhode I s l a n d , f o r approval to a c q u i r e 100 percent of the o u t -s t and ing stock of Old Stone Mortgage Corpora t ion , S e a t t l e , Washington, from i t s s u b s i d i a r y , Old Stone Pank, Prov idence , Rhode I s l a n d .

New York C i t i c o r p , New York, New York, r e q u e s t s permission t o e s t a b l i s h two de novo o f f i c e s engaging in the fo l lowing a c t i v i t i e s ( t h e making or acqu i r ing of loans and o the r e x t e n s i o n s of c r e d i t , secured or unsecured , fo r consumer and o the r purposes ; 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 iden t and h e a l t h insurance by l i c e n s e d agents or b r o k e r s , as r e q u i r e d , t he s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s : the s e r v i c i n g , f o r any p e r s o n , of loans and o the r ex t ens ions of c r e d i t ; t h e 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 ano f o r t h e account of o t h e r s , of ex tens ions of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l rea l e s t a t e ; and the s a l e of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y r e l a t e d t o ex t ens ions of mortgage loans) at One Tampa c i t y Cen te r , 201 N. Frankl in S t r e e t , Tampa, F l o r i d a , through i t s s u b s i d i a r i e s , C i t i c o r p Pe r son- to -Person F inanc ia l Center of F l o r i d a , Inc . and C i t i c o r p Homeowners, Inc . (11 /16 /83)

New Yurk C i t i c o r p , New York, New York, r e q u e s t s permission to e s t a b l i s h two de novo o f f i c e s engaging in t he fo l lowing a c t i v i t i e s ( t h e making or acqu i r ing of loans and o t h e r ex t ens ions of c r e d i t , secured or unsecured , f o r consumer and o the r purposes ; 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 hea l t h insurance by l i c e n s e d agen ts or b r o k e r s , as r e q u i r e d ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; the s e r v i c i n g , fo r any pe r son , of loans and o t h e r e x t e n s i o n s of c r e d i t ; t he making, a c q u i r i n g , and s e r v i c i n g , fo r i t s own account and fo r the account of o t h e r s , of e x t e n s i o n s of c r e d i r to i n d i v i d u a l s secured hy l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l

f-rd rhe cf mortgage l i f e and mortgage insurance " " ' T l y r e l a t e d to ex t ens ions of

r-, 1 nans) a t - Norton Dr ive , Lakeland, F: ,-,r , t hr^.uf ^ i t s ifMdr i e s , C i t i c o r p Pe r son - to -

FMV'Cwl ' ' r n t r r of t i f f i n , Inc . and C i t i c o r p 1 -ome Own *1 r s , Inc . ( l l / U / f i ? )


36 - ? 6 -

APPUC*T,m<; RECEIVED - Continued

Dominion f a n k s h a r e s Corpo ra t i on , Poanoke, 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 t o engage in de novo a c t i v i t i e s ( o r i g i n a t i n g r e s i d e n t i a l , commercial , i n d u s t r i a l , and c o n s t r u c t i o n loans f o r i t s own account and fo r s a l e t c o t h e r s ; s e r v i c i n g such loans f o r o t h e r s ; and in t he s a l e of c r e d i t l i f e i n s u r a n c e , c r e d i t acc iden t and h e a l f h i n s u r a n c e , c r e d i t d i s a b i l i t y , mortgage redemption and mortgage acc iden t and h e a l t h insurance in connect ion wifh such mortgage l o a n s , through i t s s u b s i d i a r y , Dominion Pankshares Mortgage Corpora t ion ; and ac t i ng a s insurance agent or b roker with r e spec t t o c r e d i t l i f e i n s u r a n c e , c r e d i t acc iden t and h e a l t h i n s u r a n c e , c r e d i t d i s a b i l i t y , mortgage redemption and mortgage acc iden t and h e a l t h insurance r e l a t e d t o or a r i s i n g out of loans made or c r e d i t t r a n s a c t i o n s involv ing Dominion Bankshares Mortgage Corpo ra t ion , through i t s s u b s i d i a r y , Dominion Bankshares S e r v i c e s , I n c . ) a t 3819-G South George Mason D r i v e , P a i l e y s Cros s roads , Vi rg in ia (11/10/83)

South Carol ina National Corpora t ion , Columbia, South C a r o l i n a , f o r approval t o a c q u i r e the a s s e t s of Union Finance Corpora t ion - Emporia, Vi rg in ia Branch, Emporia, Vi r g i n i a .

Peoples Equity Shares , I n c . , C a r r o l l t o n , Georgia , 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 acqu i r i ng loans and o t h e r ex t ens ions of c r e d i t such as would he made by a mortgage company; s e r v i c i n g such loans f o r o t h e r s in accordance with the Board 's Regula t ion Y) t h e a c t i v i t i e s would be performed in the S t a t e s of Georgia and Alabama, through i t s s u b s i d i a r y , Peoples Equi ty Mortgage Co. (11 /14 /83)

E i r s t American Pancsha res , I n c . , North L i t t l e Pock, Arkansas , 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 ( in underwr i t ing of c r e d i t l i f e and c r e d i t a cc iden t and h e a l t h insu rance d i r e c t l y r e l a t e d to i t s 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 ) t h e s e a c t i v i t i e s would be performed p r i m a r i l y in the c o u n t i e s of P u l a s k i , S a l i n e , Lonoke, and Garland Count ies , Arkansas , and t h e surrounding a r e a , through i t s s u b s i d i a r i e s , F i r s t American National Bank and F i r s t American Bank, and proposed s u b s i d i a r y , Grand National Bank (11 /9 /83)

M f - t " u t b Pancorp, I n c . , F r a n k l i n , 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 (as agent f o r the s a l e of l i f e or h e a l t h insurance d i r e c t l y 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 Simpson County Bank, F r a n k l i n , Kentucky, i t s s u b s i d i a r y ) t h e s e a c t i v i t i e s would be conducted in the t r a d e area of the Simpson County Rank


APPilCAilUNS - Continued

**i Kentucky t».ogan, warr t n , Allen and Simpson Count ies) am" Tennessee sRobert son ard Sumner Count ies) through u s s u & s w i a r y , Mid-Scuth Cred i t Insurance S e r v i c e s , i m . 14/^31

Northwest Arkansas Pancshares* In^., H e n t o n v i l i e , Arkansas , 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 On acquiring loans for i t s own account and mortgage >n r*e r ;ny i j )

Grant pancshares, Inc . , Grant^ Nebraska. fo r approval t r acquire aH of the operating a s s e t s of the Grant

? v ice Insurance Agency * In c . , Grant , Nebraska, an insurance company engaged in the s a l e of genera) insurance.

Western Bancshares of Truth or Consequences, I n c . , Truth or Consequences, New Mexico, 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 (making or acquir ing , for i t s own account or fo r the account r# 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 ( including i ssuing l e t t e r s of c r e d i t and accep t ing d r a f t s ^ . such as would be made, f o r example, by a mortgage, f inance , c r e d i t c a r d , or f a c t o r i n g company) serving Sifrf«i County, New Mexico and El Paso County, Texas ( U / 1 S / 8 3 )

RantAnerica Corporation, San F r a n c i s c o , C a l i f o r n i a , r o t i f i c a t i o n of intent to expand de novo a c t i v i t i e s

in the a c t i v i t i e s of making or acqu i r i ng fo r t h e i r own ac t ( ;ur t loans and o the r e x t e n s i o n s of c r e d i t «,uch as would be made or acqui red by a f inance company; serv ic ing loans and o the r ex t ens ions of c r e d i t ; ano o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d acc iden t and hea l th in su rance ; c red i t - r e l a t e d proper ty insurance wil l be o f f e r e d by the Jackson and Picayune o f f i c e s of both c o r p o r a t i o n s m the S t a t e s of Mis s i s s ipp i and Lou is iana ; c r e d i t -r e ! a ted p rope r ty insurance wi l l be o f f e r e d by the Tupelo o f f i c e of hoth c o r p o r a t i o n s in the S t a t e of M i s s i s s i p p i ; however, n e i t h e r c o r p o r a t i o n wi l l o f f e r c r e d i t - r e l a t e d p roper ty insurance in t he S ta t e of ^ e n f e s s * e ; the aforementioned c r e d i t - r e l a t e d insurance a c t i v i t i e s a re p e r m i s s i b l e under Sect ion 4 ( c ) (8 ) (A) a r < / o r 'D of the Hank Holding Con any Act of 1956, cs amended by the Harr-St Cer ta in depos i to ry I n s t i t u t i o n s A f uT / ; such a c t i v i t i e s i nc lude , but not be l imi t ed t o , making loans srv o tner ex t ens ions of c r e d i t to < onsu^t r s and r u s i n r s s n b , making luans secured by rr.rl and personal p r o p e r t y , purryiasing i n s t a l l m e n t


H . ? * 1 4 A 3 N o . 46 _ ? P _

APPUCATIONS RFCFIVFD - Continued

s a l e t f i n a n c e c o n t r a c t s , 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 , 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 , and c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e d i r e c t l y 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 made o r a c q u i r e d by bo th c o r p o r a t i o n s ; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e may he r e i n s u r e d by RA I n s u r a n c e Company, I n c . , an a f f i l i a t e of bo th c o r p o r a t i o n s ) a t IPSO S. West S t r e e t , S u i t e C, J a c k s o n , M i s s i s s i p p i , s e r v i n g t h e S t a t e of M i s s i s s i p p i and L o u i s i a n a ; 417 Highway 43 S o u t h , P i c a y u n e , M i s s i s s i p p i , s e r v i n g t h e e n t i r e S t a t e s of M i s s i s s i p p i and Lousiana and 311 West Main S t r e e t , Tupe lo , M i s s i s s i p p i s e r v i n g t h e e n t i r e S t a t e s of M i s s i s s i p p i and Tennessee , th rough i t s s u b s i d i a r i e s , FinanceAmerica Corpo ra t i on and Finance America I n d u s t r i a l Plan I n c . (bo th M i s s i s s i p p i c o r p o r a t i o n s ) ( 1 1 / 1 6 / 8 3 )

San PankAmerica 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 , F r a n c i s c o 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 a c t i v i t i e s of making or a c q u i r i n g f o r i t s own account loans and o t h e r e x t e n s i o n s of c r e d i t such as would be made or a c q u i r e d by a f i n a n c e company; 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 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 i n s u r a n c e and 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 i n s u r a n c e ; t h e a fo rmen t ioned c r e d i t - r e l a t e d i n s u r a n c e a c t i v i t i e s a r e p e r m i s s i b l e under S e c t i o n 4 ( c ) ( R ) ( A ) of t h e Bank Holding Company Act of I95F, a s amended by t h e Garn-St Hermain Depos i to ry I n s t i t u t i o n s Act of 198?, c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e w i l l not be o f f e r e d ; such a c t i v i t i e s wi l l i n c l u d e , bu t not be l i m i t e d t o , making loans 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 consumers and b u s i n e s s e s , making loans and o t h e r e x t e n s i o n s of c r e d i t secured by r e a l and pe r sona l p r o p e r t y , p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d 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 e x t e n s i o n s of c r e d i t made or a c q u i r e d by FinanceAmerica C o r p o r a t i o n ; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e may be r e i n s u r e d by PA Insu rance Company, I n c . , an a f f i l i a t e of FinanceAmerica C o r p o r a t i o n ) a t 7820 North U n i v e r s i t y D r i v e , ^ e o r i a , I l l i n o i s , s e r v i n g t h e e n t i r e S t a t e of I l l i n o i s , t h rough i t s s u b s i d i a r y , F inance-America C o r p o r a t i o n (a Delaware c o r p o r a t i o n ) (11 /17 /83 )


H.2, 1983 No. 46 - 29 -


San S e c u r i t y P a c i f i c Corpo ra t i on , Los Angeles , C a l i f o r n i a , F ranc i sco 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 ( in l e a s i n g a c t i v i t i e s with r e spec t to personal p rope r ty and equipment and rea l p roper ty and s e r v i c i n g of e x t e n s i o n s of c r e d i t ) a t 10 South Lake Avenue, Pasadena, C a l i f o r n i a , se rv ing t h e United S t a t e s , through i t s s u b s i d i a r y , Secu r i t y P a c i f i c Finance Corp. (11 /18 /83)

* * * * *

REPORTED RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None


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