h2_19820710.pdf

• • ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1982 No. 28)

Actions of the Board; Applicat ions and Reports

Received During the Week Ending July 10, 1982 APPLICABLE

RESERVE BANK ACTIONS OF THE BOARD

Policy Statement on Nonvoting Equity Investments by Bank Holding Companies.

The Board has ordered a hearing on the appl ica t ion by BankAmerica Corporat ion, San Francisco, C a l i f o r n i a , to acquire The Charles Schwab Corporation and engage in ce r t a in discount stock brokering and re l a t ed serv ice a c t i v i t i e s ; the hearing will s t a r t September 13 a t the Board's o f f i c e s in Washington D.C.

In connection with the c los ing of Penn Square Bank in Oklahoma Ci ty , Oklahoma, the Federal Reserve Board indicated t ha t "Receiver 's C e r t i f i c a t e s " issued by the Deposit Insurance National Bank of Oklahoma City wil l be acceptable as c o l l a t e r a l from deposi tory i n s t i t u t i o n s fo r advances at the Federal Reserve discount window at the regular discount r a t e .

Temporary suspension of the Regulation Q penalty normally imposed upon the ear ly withdrawal of time deposit funds fo r deposi tors in the Oklahoma counties of Blaine, Caddo, Custer , Kingf isher , Lincoln, Logan, Ikfuskee, Payne and Washita, a f f e c t e d by server storms and f looding .

S t . Louis Bancshares, I n c . , Scot tsburg, Indiana, extension of time to October 14, 1982, within which to become a bank holding company through the acqu i s i t ion of 100 percent of the voting shares of the successor by merger t o the Scott County S ta te Bank, Scot tsburg, Indiana. J./

Chicago Calumet City Bancorp, I n c . , Calumet Ci ty , I l l i n o i s , extension of time to October 13, 1982, within which to become a bank holding company through the acqu i s i t ion of 100 percent of the voting shares of the successor by merger to F i r s t S ta te Bank of Calumet Ci ty , Calumet Ci ty , I l l i n o i s . 1J

San Canadian Imperial Bank of Commerce, Toronto, Canada, extension Francisco of time to October 17, 1982, within which to e s t ab l i sh sub-

s i d i a r i e s t o engage in the leasing of real and personal proper ty . 1/

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

i

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

H.2, 1982 No. 28 - 2 -

ACTIONS OF THE BOARD-Continued

Kansas City

Chicago

Cleveland

Atlanta

Atlanta

San Francisco

Dal las

Dallas

Kansas City

Atlanta

Commerce Bancshares, Inc. , Kansas City, Missouri, extension of time to October 14, 1982, within which to consummate the acquisit ion of Commerce Bank of Lee's Summit, N.A., Lee's Summit, Missouri. V

First Indiana Bancorp, Elkhart, Indiana, extension of time to October 12, 1982, within which to become a bank holding company through the acquisit ion of 100 percent of the voting shares of the successor by merger to First National Bank, Elkhart, Indiana. J /

First Kentucky Bancshares, Inc. , Florence, Kentucky, ex-tension of time to November 21, 1982, within which to acquire Boone State Bank, Florence, Kentucky. \J

First National Corporation of Picayune, Mississ ippi , extension of time to September 9, 1982, within which to become a bank holding company through acquisit ion of First National Bank of Picayune, Picayune, Mississ ippi . \J

First Newton Corporation, Newton, Mississ ippi , extension of time to October 4, 1982, within which to become a bank holding company through the acquisit ion of First National Bank of Newton, Newton, Mississ ippi . 1/

First Pacif ic Bancorp, Los Angeles, California, extension of time to October 11, 1982, within which to become a bank holding company through the acquisit ion of First Paci f ic Bank, Los Angeles, California. 1/

Frontier Bancshares, Inc . , Eagle Pass, Texas, extension of time to September 5, 1982, within which to acquire Frontier State Bank, Eagle Pass, Texas. \J

Garrison Bancshares, Inc . , Garrison, Texas, extension of time to October 10, 1982, within which to acquire The Commercial State Bank, Garrison, Texas. JL/

Longmont National Bancshares, Inc. , Longmont, Colorado, extension of time to September 15, 1982, within which to acquire Longmont National Bank, Longmont, Colorado, y

Northwest Georgia Financial Corporation, Dallas, Georgia, ex-tension of time to September 20, 1982, within which to become a bank holding company through the acquisit ion of The Citizens Bank, Dallas, Georgia. 1/

T7 Application processed on behalf of the Board of Governors under delegated authority.

I


H.2, 1982 No. 28 - 3

ACTIONS OF THE BOARP-Continued <

Boston State S t ree t Boston Corporat ion, Boston, Massachusetts, requesting an extension of time to October 13, 1982, within which to acquire through a purchased stock option 16.6 percent of the voting shares of Worcester Bancorp, I nc . , Worcester, Massachusetts. 1/

Richmond United Bancorp of Maryland, I nc . , Oxon H i l l , Maryland, extension of time to October 9, 1982, within which to become a bank holding company through the acquis i t ion of United Bank and Trust Company of Maryland, Oxon H i l l , Maryland. _!/

San U.S. Bancorp, Por t land , Oregon, extension of time to October 9, Francisco 1982, within which to begin operation of Ci t izens Thornton

Indus t r ia l Bank, Thornton, Colorado. If

Philadelphia Bank of New Je r sey , Camden, New Je rsey , an addi t ional investment in bank premises. If

San F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angels, C a l i f o r n i a , ex-Francisco tensions of time to e s t a b l i s h branches; (1) to July 22, 19823

within which to e s t ab l i sh a branch o f f i c e in the v i c in i t y of the i n t e r s ec t i on of North Hill and Alpine S t r e e t s , Los Angeles; and (2) t o July 30, 1983, within which to e s t ab l i sh a branch o f f i c e in the v i c i n i t y of the i n t e r s ec t i on of Sunrise Boulevard and Coloma Road in the unincorporated community of Rancho Cordova, C a l i f o r n i a . 1/

S t . Louis Scott County S ta te Bank, Scot tsburg , Indiana, extension of time t o October 14, 1982, within which to merge with Scottsburg Bank, Scot tsburg, Indiana. _1/

S t . Louis Scottsburg Bank, Scot tsburg, Indiana, extension of time t o October 14, 1982, within which to become a member of the Federal Reserve System. 1/

Richmond Central F i d e l i t y Bank, N.A., Richmond, Vi rg in ia , proposed merger with Central F ide l i t y Bank, N.A., Culpeper; Central F ide l i t y Bank, C h a r l o t t e s v i l l e ; and Central F ide l i t y Bank, Northern Vi rg in ia , Ba i l ey ' s Crossroads, Vi rg in ia ; report to the Comptroller of the Currency on competit ive f a c t o r s . 1/

Atlanta Ci t izens and Southern National Bank, Savannah, Georgia, pro-posed merger with Ci t izens and Southern Bank of Hart County, Hartwel1, Georgia; report t o t he Comptroller of the Currency on competi t ive f a c t o r s . 1/

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

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

H.2, 1982 No. 28 - 4 -


Atlanta First Bank of Southwest Miss iss ippi , McComb, Miss iss ippi , pro-posed merger with South Central Bank, S i lver Creek, Mississ ippi; report to the Federal Deposit Insurance Corporation on com-p e t i t i v e fac tors . 1/

Atlanta First National Bank of Atlanta, Atlanta, Georgia, proposed merger with Macon Bank & Trust Company, Macon, Georgia; report to the Comptroller of the Currency on competitive factors . V

Atlanta First National Bank of Oalton, Dal ton, Georgia, proposed merger with Gordon County Bank, Calhoun, Georgia; report to the Comptroller of the Currency on competitive factors . V

Atlanta First National Bank of Florida, Tampa, Florida, proposed merger with First Independent Bank, N.A., Sarasota, Florida; report to the Comptroller of the Currency on competitive factors . \J

Atlanta First National Bank of Opp, Opp, Alabama, proposed merger with Bank of Florala, Florala, Alabama; report to the Comptroller of the Currency on competitive factors . If

Chicago Iowa Trust & Savings Bank, Oskaloosa, Iowa, proposal to purchase the a s se t s and assume l i a b i l i t i e s of First State Rank of What Cheer, What Cheer, Iowa; report to the Federal Deposit Insurance Corporation on competitive fac tors . 1/

New York Key Bank of Southeastern New York N.A., Chester, New York, pro-posal to merge with the National Bank of Pawling, Pawling, New York; report to the Comptroller of the Currency on com-p e t i t i v e factors , 1/

New York Mechanics and Fanners Savings Bank, Bridgeport, Connecticut, proposal t o merge with New Canaan Savings Bank, New Canaan, Connecticut; report to the Federal Deposit Insurance Corporation on competitive factors . 1/

Atlanta Northern Trust Bank of Florida, N.A., Miami, Florida, proposed merger with Northern Trust Interamerican Bank, Miami, Florida; report to the Comptroller of the Currency on competitive factors . JV

Atlanta Northen Trust Bank of Florida, N.A., Miami, Florida, proposed merger with Security Trust Company, Miami, Florida; report to the Comptroller of the Currency on competitive factors . 1/

Atlanta Peoples State Bank & Trust, Baxley, Georigia, proposed merger with PBT Interim Corporation, Baxley, Georgia; report to the Federal Deposit Insurance Corporation on competitive factors . 1/



H.2, 1982 No. 28 - 5

New York

New York

Philadelphia

Richmond

Chicago

San Francisco

ACTIONS OF THE BOARD-Continucd

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

Approved United Counties Trust Company, Elizabeth, New Jersey. To

establ i sh a branch 1n the Science Building Lobby of Union College, 1033 Springfield Avenue, Cranford, New Jersey. 1/

United Jersey Bank, Hackensack, New Jersey. To establ ish an o f f s i t e e lectronic f a c i l i t y at Sony Corporation of America, Sony Drive, Park Ridge, New Jersey. 1/

The Bank of New Jersey, Camden, New Jersey. To establ ish a branch o f f i c e at 4307 Westfield Avenue, Pennsauken, New Jersey. If

Stonewall Jackson Bank and Trust Company, Mount Jackson, Virginia. To establ i sh a branch at 9383 Congress S t . , New Market, Virginia. 1/

Springfield Marine Bank, Springf ie ld, I l l i n o i s . To establ ish an o f f s i t e e lectronic f a c i l i t y at 1201 South Dirksen Parkway, Springf ie ld , I l l i n o i s . 1/

First Interstate Bank of Cal i fornia, Los Angeles, California. To es tabl i sh a branch o f f i c e in the v ic in i ty of the inter-s e c t i o n of Tracy Boulevared and Eleventh Street , City of Tracy, San Joaquin County, California. 1/

* * * * *

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

Approved Richmond First Virginia Bank - Tazewell, Tazewell, Virginia, to

merge with Tazewell National Bank, Tazewell, Virginia, y

Chicago The De Kalb Bank, De Kalb, I l l i n o i s , to merge with The Dekalb Interim Bank, De Kalb, I l l i n o i s . 1/


8


. 2 , 1982 No. 28 - 6 -

Richmond

Chicago


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

Approved First Virginia Bank - Tazewell, Tazewell, Virginia. 1/

The Dekalb Interim Bank, De Kalb, I l l i n o i s . 1/

* * * * *

San Francisco

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

Not Disapproved Santiam Valley Bank, Aumsville, Oregon. 1/

* * * * *

Applications and Notif icat ions for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 (c ) (9 ) and 4(c) (13) of the Bank Holding Company Act of 1956, as amended

Approved New York European American Bank, & Trust Company, New York, New York:

grants consent to make an additional investment in European American Bank (Bahamas) Limited, Nassau, Bahamas, and for Limited to acquire 20 percent of the outstanding shares of Banque Europeene Pour L'Amerique Latine S.A., Brussels, Belgium.

San First Interstate Bancorp, Los Angeles, California: to acquire Francisco d irec t ly , and indirect ly through i t s subsidiary banks, al l

of the shares of a de novo foreign commercial bank in the Cayman Islands. (7/9/82) J /

San First Interstate Bank of California, Los Angeles, California: Francisco to acquire 19.5 percent of the shares of a de novo foreign

commercial bank in the Cayman Islands. (7/9/82) 1/



H.2. 1982 No. 28 - 7 »

ACTIONS OF THE BOARO-Continued

Sixty Day Noti f icat ion Period Allowed to Expire New York Chase Manhattan Overseas Banking Corporation, Newark,

Delaware: no objection to make and additional investment in Chase Bank (C.I . ) Limited, Jersey, Channel Islands.

New York Chase Manhattan Overseas Banking Corporation, Newark, Delaware: no objection to make and additional investment in the capital stock of i t s wholly-owned subsidiary, Chase Finanziaria, S.p.A., Milan, I ta ly .

Sixty Day Notif icat ion Period Wavied San First Interstate Bancorp, Los Angeles, California: no objection Francisco to establ ish a wholly-owned subsidiary to be called First

Interstate Overseas N.V., Curacao, Netherlands Ant i l l e s .

* * * * *

To Organize, or Ivest in a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 24 or 25(a) of the Federal Reserve Act

Approved San Banque Nationale de Paris, Paris, France: grants consent Francisco to establ ish an Edge Act Corporation to be known as BNP

International Corp., Houston, Texas.

* * * * *

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

Approved Boston First Vermont Financial Corporation, Brattleboro, Vermont,

for approval to acquire at least 80 percent of the voting shares of First Vermont Bank and Trust Company, Bratt le-boro, Vermont. V

Boston Vermont Financial Services Corp., Brattleboro, Vermont, for approval to acquire 100 percent of the voting shares of Vermont National Bank, Brattleboro, Vermont. 1/

J / Application processed on behalf of the Board of Governors under delegated authority.


H.2, 1982 No. 28 - 8 -


Philadelphia Keystone Heritage Group, Inc . , Lebanon, Pennsylvania, for approval to acquire 100 percent of the voting shares of Lebanon Valley National Bank, Lebanon, Pennsylvania. V

Atlanta Coastal Bankshares, Inc . , Hinesvi l le , Georgia, for ap-proval to acquire 100 percent of the voting shares of The Coastal Bank, Hinesvi l le , Georgia. J /

Atlanta Foxworth Corporation, Foxworth, Miss iss ippi , for ap-proval to acquire at l eas t 80 percent of the voting shares of Foxworth Bank, Foxworth, Mississ ippi . JJ

Atlanta Progressive Capital Corporation, Amite, Louisiana, for approval to acquire at least 80 percent of the voting shares of Central Progressive Bank of Amite, Amite, Louisiana. J /

Atlanta Southwest Georgia Bankshares, Inc . , Americus, Georgia, for approval to acquire 100 percent of the voting shares of Bank of Commerce, Americus, Georgia. \ j

Atlanta United American of Northwest Florida, Inc . , Pensacola, Florida, for approval to acquire at least 90 percent of the voting shares of First State Bank of Pensacola, Pensacola, Florida. J /

Chicago CAMBRIA STATE BANKSHARES, INC., Cambria, Wisconsin, for approval to acquire 80 percent or more of the voting shares of The Cambria State Bank, Cambria, Wisconsin.

Chicago DeKalb Bancorp, Inc . , De Kalb, I l l i n o i s , for approval to acquire at l eas t 80 percent of the voting shares ( l e s s directors ' qualifying shares) of The De Kalb Bank, De Kalb, I l l i n o i s . V

Chicago First Peoria Corp., Peoria, I l l i n o i s , for approval to acquire 100 percent of the voting shares ( l e s s di -rectors' qualifying shares) of the successor by merger to The First National Bank of Peoria, Peoria, I l l i n o i s . 1/

Chicago Marquette National Corporation, Chicago, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to Marquette National Bank, Chicago, I l l i n o i s . V



H.2, 1982 No. 28 - 9 -


Chicago Oregon Bancorp, Inc . , Oregon, Wisconsin, for approval to acquire at least 80.2 percent of the voting shares of Community National Bank, Oregon, Wisconsin. JJ

Chicago Weaver Bancshares, Inc . , Rlverton, Iowa, for approval to acquire at least 82 percent of the voting shares of Nlshna Valley State Bank, Rlverton, Iowa. JJ

St . Louis Colonial Capital Corporation, Mantee, Mississ ippi , for approval to acquire at least 83.44 percent of the voting shares of Bank of Mantee, Mantee, Mississ ippi . 1_/

St . Louis Montlcello Bankshares, Inc . , Monticello, Kentucky, for approval to acquire at least 80 percent of the voting shares of Montlcello Banking Company, Montlcello, Kentucky. \J

S t . Louis Vernols Bancorp, Inc . , Mt. Vernon, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Bank of I l l i n o i s in Mt. Vernon, Mt. Vernon, I l l i n o i s . J /

Minneapolis St . Joseph Bancshares, Inc . , St. Joseph, Minnesota, for approval to acquire at l eas t 93 percent of the voting shares of First State Bank of St. Joseph, St. Joseph, Minnesota. J /

Kansas City Cit izens Commerce Corporation, Ardmore, Oklahoma, for ap-proval to acquire at l eas t 80 percent of the voting shares of Citizens National Bank of Ardmore, Ardmore, Oklahoma. J /

Kansas City First National Bancshares of Fredonia, Fredonia, Kansas, for approval to acquire 80 percent of the voting shares of First National Bank in Fredonia, Fredonia, Kansas. 1/

* * * * *

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

Withdrawn Atlanta Firs t Atlanta Corporation, Atlanta, Georgia, for approval

to acquire at l eas t 50.1 percent of the voting shares of First South Bancorp, Columbus, Georgia.

J7 Application processed on behalf of the Board of Governors under delegated ~ authority.


H.2, 1982 No. 28 - 10 -


Richmond

Atlanta

Dallas

Dal las

New York

St. Louis

Kansas City

Approved First Virginia Banks, Inc . , Falls Church, Virginia, for

approval to acquire 100 percent of the voting shares of the successor by merger to Tazewell National Bank, Tazewell, Virginia. J /

The Colonial BancGroup, Inc. , Montgomery, Alabama, for approval to acquire at least 80 percent and up to 100 percent of the voting shares of Exchange National Bank of Montgomery, Montgomery, Alabama. J /

National Bancshares Corporation of Texas, San Antonio, Texas, for approval to acquire 100 percent of the voting shares of Rockdale State Bank, Rockdale, Texas. 1/

Southwest Bancshares, Inc. , Houston, Texas, for approval to acquire 100 percent of the voting shares of Hal torn City State Bank, Hal torn City, Texas. J /

* * * * *

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

Approved Citicorp, New York, New York, for approval to engage in

certain data processing and data transmission a c t i v i t i e s through a subsidiary to be known as Citishare Corpora-t i o n , New York, New York.

Colonial Capital Corporation, Mantee, Miss iss ippi , for approval to engage de novo in the s a l e , as agent, of credit l i f e and creBTt accident and health insurance d irect ly related to extensions of credit made by Bank of Mantee, Mantee, Miss iss ippi . J /

Santa Fe Trail Banc Shares, Inc . , Hutchinson, Kansas, for approval to acquire 100 percent of the voting shares of Thayer Leasing, Inc . , Hutchinson, Kansas and thereby engage in general leasing a c t i v i t i e s , both personal and real property, Including commercial, agri-business and municipal use. V



H.2, 1982 No. 28 - 1 1 -


Permitted Boston Fleet Financial Group, Inc. , Providence, Rhode Island, no-

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 (the servicing of res ident ia l mortgage loans and loans secured by j m i o r l i ens on residential real es tate) at Suite 200, 26011 Evergreen, Southfield, Michigan, serving the counties of Genesee, Lapeer, Macomb, Monroe, Oakland, St . Clair , Sanilac and Wayne, ttrough i t s indirect sub-s idiary, Mortgage Associates, Inc. (7/7/82) 3/

New York Bankers Trust New York Corporation, New York, New York, requests permission to es tab l i sh a de novo o f f i c e engag-ing in the following a c t i v i t i e s (maTcfng or acquiring loans or other extensions of cred i t such as would be made by a commercial finance company, including com-mercial loans secured by a borrower's accounts receivable, inventory or other asse t s ; purchasing or acquiring ac-counts receivable and making advances t her on as would be done by a factor; servicing such loans or accounts for others; and acquiring and se l l ing partic ipations) at Cal Mart, 110 East 9th Street , Suite C801, Los Angeles, California, serving California, Nevada, Oregon, Washington, Idaho, Utah, Arizona, Montana, Wyoming, Colorado, New Mexico, Alaska and Hawaii, ttrough i t s sub-s idiary, BT Commercial Corporation (7/7/82) 3/

New York The Chase Manhattan Corporation, New York, New York, requests permission to es tabl i sh a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquir-ing, for i t s owi account or for the account of others, loans and other extensions of credi t such as would be made by a commercial f inance, equipment finance or factoring company, including factoring accounts receivable , making advances and over-advances on receivables and inventory and business installment lending as well as in secured commercial loans; servicing loans and other extensions of credi t ; leasing personal property on a f u l l payout basis and in accordance with the Board's Regulation Y, or acting as agent, broker or adviser in so leasing such property, including the leasing of motor vehicles) at 1 Marine Midland Plaza, Suite 1623, Rochester, New York, serving northern New York State , Connecticut, Maine, New Hampshire, Rhode Islando, Massachusetts and Vermont, through i t s subsidiary, Chase Commercial Corporation (7/7/82) 3/

37 4 (c ) (8 ) no t i f i ca t ion processed by Reserve Bank on behalf of the Board of Governors mder delegated authority.

I



Phi ladelphia Fidel co r , I n c . , Ph i l ade lph ia , Pennsylvania, n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s (performing appra i sa l s of real e s t a t e pursuant t o 225.4(a)(14)) a t 121 South Broad S t r e e t , 13th Floor , Ph i lade lphia , Pennsylvania, the geographic area covered wil l be the S ta tes of Pennsylvania and New Je r sey , through a sub-s i d i a r y , Latimer & Buck, Inc. (7/9/82) 3/

Chicago Acorn Financial Corp. , Oak Park, I l l i n o i s , n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s (in leasing per-sonal proper ty , or acTTing as agent , broker or adviser in leas ing property) a t 840 South Oak Park Avenue, Oak Park, I l l i n o i s , the area to be served would be the Sta te of I l l i n o i s , through i t s subs id i a ry , Acorn Leasing Corp. (7/6/82) 3

Minneapolis Klein Bancorporation, I n c . , Chaska, Minnesota, n o t i f i -ca t ion of in ten t to engage in de novo a c t i v i t i e s ( to engage de novo in the a c t i v i t y of underwri t ing, as r e i n s u r e r , c r e d i t l i f e and c r e d i t accident and heal th insurance d i r e c t l y r e l a t ed to extensions of c r e d i t by Appl ican t ' s c r e d i t - g r a n t i n g subsidiary banks) through i t s wholly-owned subs id i a ry , Klein Li fe Insurance Company, Phoenix, Arizona (7/9/82) 3/

BankAmerica Corporat ion, San Francisco, C a l i f o r n i a , n o t i -f i c a t i o n of in ten t t o engage in de novo a c t i v i t i e s ( a c t -t i n g as an i n d u s t r i a l loan company under the Washington Indus t r i a l Loan Companies Act; making or acquir ing f o r i t s own account loans and other extensions of c r e d i t ; s e rv ic ing loans and o ther extensions of c r e d i t ; and o f f e r i n g c r e d i t r e l a t ed l i f e insurance and c r e d i t r e -l a ted heal th insurance in the S ta te of Washington; such a c t i v i t i e s wi l l inc lude , but not be l imited t o , i s su ing investment c e r t i f i c a t e s (pledged as s e c u r i t y ) , making consumer ins ta l lment loans , purchasing i n s t a l l -ment s a l e s f inance c o n t r a c t s , making loans and other extensions of c r e d i t t o small bus inesses , making loans secured by real and personal proper ty , and o f f e r i n g c r e d i t r e l a t ed l i f e and c r e d i t r e l a t ed accident and hea l th insurance d i r e c t l y r e l a t ed to extensions of c r e d i t made or acquired by both FinanceAmerica Indus t r i a l Loan Company and FinanceAmerica Corporation) a t 150 Bellevue Way, SE, Sui te 103, Bellevue, Washington,

San Francisco

J7 4 (c ) (8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y .


h .2 , 1982 No. 28 - 13 -


serving the e n t i r e S ta te of Washington, through i t s proposed i n d i r e c t subs id ia ry , FinanceAmerica i ndus t r i a l Loan Company (a proposed Washington Corporation) and (making or acquir ing fo r i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a f inance company; se rv ic ing loans and o ther extensions of c r e d i t ; and o f f e r i n g c r ed i t re la ted l i f e insurance and c r e d i t r e l a ted accident and heal th insurance) a t 150 Bellevue Way, SE, Sui te 103, Bellevue, Washington, serving the e n t i r e S ta te of Washington, through an i n d i r e c t subs id ia ry , FinanceAmerica Corpora-t i on (a Washington Corporation) (7/10/82) 3/

San BankAmerica Corporat ion, San Francisco, C a l i f o r n i a , n o t i -Francisco f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s (mak-

ing or acquir ing f o r i t s own account loans and other extensions of c r e d i t such as are made or acquired by a f inance company; se rv ic ing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t r e l a ted l i f e insurance and c r e d i t re la ted accident and heal th insurance; c r e d i t r e l a t ed property insurance will nqt be o f f e r e d in the S ta te of Kentucky; such a c t i v i t i e s wil l include, but not be l imited t o , purchasing ins ta l lment sa les f i -nance c o n t r a c t s , making loans and other extensions of c r ed i t t o small bus inesses , making loans secured by real and personal p roper ty , and o f f e r i n g c r e d i t re la ted l i f e and c r e d i t r e l a t ed accident and heal th insurance d i r e c t l y r e la ted t o extensions of c r e d i t made or acquired by FinanceAmeria Credit Corporation) at 350 Elaine Drive, Sui te 205, Lexington, Kentucky, serving the e n t i r e S ta te of Kentucky, through i t s i n d i r e c t subs id ia ry , Finance-America Credit Corporation (a Delaware Corporation) (7/9/82) 3/

San BankAmerica Corporat ion, San Francisco, C a l i f o r n i a , n o t i -Francisco 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 (mak-

ing loans and extending c r e d i t , se rv ic ing loans and o ther extensions of c r e d i t fo r i t s e l f and o t h e r s , and providing serv ices inc identa l t o such loans and exten-sions of c r e d i t such as a re made or acquired by a f i -nance company; such a c t i v i t i e s wi l l inc lude , but not be l imi ted t o , providing funds and/or c r e d i t se rv ices in connection with the f inancing of stock and f l o o r plan inventory of d i s t r i b u t o r s and dealers of consumer products ; no c r e d i t r e l a t ed insurance of any type wil l be o f f e r ed by Sea Ray in connection with i t s lending

3 / 4 (c ) (8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1982 No. 28 - 14 -


a c t i v i t i e s ) at 5979 E. Livingston Avenue, Suite 210, Columbus, Ohio, serving al l f i f t y States and the Dis tr ic t of Columbia, through i t s proposed indirect subsidiary, Sea Ray Credit Corporation (a proposed Delaware Corporation) (7/9/82) 3>/

San West Coast Bancorp, Endno, California, not i f i cat ion of Francisco Intent to engage in de novo a c t i v i t i e s (operating an

Insurance premium financing company under the California Industrial Loan Laws) at 16311 Ventura Boulevard, Suite 1175, Endno, California, serving Southern California, through I t s subsidiary, West Coast Premium Financing Company (a California Corporation) (7/10/82) 3/

TJ 4 (c ) (8 ) no t i f i ca t ion processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

1


H.2, 1982 No. 28 - 15 -

APPLICATIONS RECEIVED

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

New York Bankers Trust Company, New York, New York. To estab-l i sh a branch o f f i c e at 4 Albany Street , Borough of Manhattan, City of New York. 2/

New York Chemical Bank, New York, New York. To establ ish a branch o f f i c e on the second f loor at IBM Corporation, 1311 Mamaroreck Avenue, White Plains, New York. 2/

* * * * *

Applications and Noti f icat ions for International Invest-ments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 (c ) (9 ) and 4(c) (13) of the Bank Holding Company Act of 1956, as amended

Boston Industrial National Bank of Rhode Island, Providence, Rhode Island: to amend Artic les of Association of their Edge Act Corporation to re f l ec t change in names of Industrial International Bank, New York, New York to Fleet International Bank and Industrial Overseas Invest-ment, Ltd., Providence, Rhode Island to Fleet Overseas Invest, Ltd.

New York Citibank, N.A., New York, New York: prior not i f i ca t ion of i t s intent to make an additional investment in Citibank Maghreb, Casablanca, Morocco.

* * * * *

To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act

New York European American Bank and Trust Company, New York, New York: requests consent to establ ish a branch in Nassau, Bahamas.

77 Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1982 No. 28 - 16 -

APPLICATIONS RECEIVED-Continued

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

Philadelphia Harleysvi l le National Corporation, Harleysvi l le , Penn-sylvania, for approval to acquire 100 percent of the voting shares of Harleysvil le National Bank and Trust Company, Harleysv i l l e , Pennsylvania. 2/

Atlanta F i r s t Bank Holding Company, Treasire Island, Florida, for approval to acquire at l e a s t 80 percent of the voting shares of F i r s t Bank of Pinel las Coimty, Treasure Island, Florida. 2/

Atlanta Peoples Bancshares, Inc . , Cl i f ton , Tennessee, for ap-proval to acquire a t l e a s t 80 percent of the voting shares of Peoples Bank, Cl i f ton , Tennessee. 2/

Chicago CS BANCORP, Hmtington, Indiana, for approval to acquire at l e a s t 80 percent of the voting shares of the successor by merger to Community State Bank in Hmtington, Hmtington, Indiana. 2/

Chicago Dm lap Iowa Holding Co., Dtnlap, Iowa, for approval to acquire at l e a s t 80 pecent or more of the voting shares of Dmlap Savings Bank, Dtnlap, Iowa. 2/

Chicago Illowa Bancorp, Inc . , Savanna, I l l i n o i s , for approval to acquire 92.5 percent or more of the voting shares of The National Bank of Savanna, Savanna, I l l i n o i s . 2/

Chicago New Q*eat Lakes Financial , Inc . , Or and Rapids, Michigan, for approval to acquire 100 percent of the voting shares of Peoples Bank & Trust, Gfand Haven, Uhion Bank & Trust Co. N.A., Grand Rapids and F ir s t National Bank & Trust Company, Petoskey, all in Michigan, ttrough a merger with Uhion Bancorp Inc . , Grand Rapids, Michigan (a Delaware Corporation). 2 /

Chicago Pan or a Financial Corp., Pan or a, Iowa, for approval to acquire 100 percent of the voting shares of Mid Iowa, Inc . , Panora, Iowa thereby direct ly acquiring 17.56 percent and indirect ly acquiring 65.97 percent of Panora State Bank, Panora, Iowa. 2/

Chicago Royal Bancshares, Inc . , Royal, Iowa, for approval to acquire 80 percent of the voting shares of Home State Bank, Royal, Iowa. 2/

27 Application subject to Commit 1 ty Reinvestment Act. The Commrnity Affa irs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 'fJt2 No. 26 - 17 •

APPLICATIONS P.ECEIVED-Continued

Chicago Uh ted Ban corpora tion, Inc. , Rock ford, I l l i n o i s , (a Delaware Corporation), for approval to acquire at l eas t 98 percent of the voting shares of Uhited Bank of I l l i n o i s , National Association, Rock for d, m - ' n o i s ; United Bank of Belvidere, Belvidere, I l l i n o i s ; United Bank of Southgate, Rockfcrd, I l l i n o i s ; and Uti i ted Bancorporatio", Inc . , Rock ford, I l l i n o i s (an 111 'nois Corporation ) and indireclty acquire 98 percent of the voting shares of United Bank of For hel le , Roche!le, I l l i n o i s ; S.B.A. Company, Rockford, I l l i n o i s ; Uhited Bank of Rockford, Rockford, I l l i n o i s ; and Oregon Corporation, Rock ford, I l l i n o i s , and in-directly acquire 96 percent of the voting shares of ihited Bank of Ogle Cointy, National Association, Oregon, I l l i n o i s ; and East Riverside Inc. , Rockford, I l l i n o i s and to indirectly acquire 93 percent of United Bank of Loves Park, Loves Park, I l l i n o i s . 2/

St . Loir's Edmonton Bancshares, Inc. , Edmonton, Kentucky, for approval to acquire 100 percent of the voting shares of the successor by nerger to Edmonton State Bank, Edmonton, Kentucky. 2/

St . Lou1's Midcon Holdings, Inc. , B e l l e v i l l e , Missouri, for approval to acquire 100 percent of the voting shares of Bel le-v i l l e National Bank, B e l l e v i l l e , I l l i n o i s . 2/

Kansas C 'ty Amsterdam Bancshares, Inc . , Amsterdam, Missouri, for approval to acquire at l eas t 86 percent of the voting shares of Citizens Bank, Amsterdam, Missouri. 2/

Kansas City F irs t Bancorp of Kansas, Wichita, Kansas, for approval to acquire 100 percent of the voting shares of F ir s t National Bank in Wichita, Wichita, Kansas. 1/

Kansas C<ty Sinf 1 ower Bancshares, Inc. , Riley, Kansas, for approval to acquire at l e a s t 80 percent of the voting shares of The Riley State Bank of Riley, Riley, Kansas. 2/

Dallas Al l ied Irving Bancshares, Inc. , Houston, Texas, for ap-proval to acquire 100 percent of the voting shares of Irving American Bancshares Corp., Irving, Texas and indirectly The American Bank, Irving, Texas. 2/

27 SpTpl^cat1 on subject to Comronity Reinvestment Act. The Commrnity — A f f a i r s Off icer of the applicable Reserve Bank may be contacted

as to the length of the comment period.


H.2, 1982 No. 28 - 18 -


Dallas HNB Corporation, Huntsvil le, Texas, for approval to acquire at least 80 percent of the voting shares ( l e s s directors' qualifying shares) of the Hunts-v i l l e National Bank, Huntsvil le, Texas. 2/

Dallas Oak!awn Financial Corporation, Texarkana, Texas, for approval to acquire at least 80 percent of the voting shares of Oaklawn Bank, Texarkana, Texas. 2J

* * * * *

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

Boston First Bancorp of N.H., Inc. , Manchester, New Hampshire, for approval to acquire 100 percent of the voting shares of The Bedford Bank, Bedford, New Hampshire. 2/

Atlanta AmSouth Bancorporation, Birmingham, Alabama, for ap-proval to acquire 100 percent of the voting shares of Citizens Bank of Talladega, Talladega, Alabama. 2/

Chicago First Busey Corporation, Urbana, I l l i n o i s , for approval to acquire 100 percent of the voting shares ( l e s s d i -rectors' qualif ing shares) of Roberts State Bank, Roberts, I l l i n o i s . 2/

Kansas City New Mexico Banquest Corporation, Santa Fe, New Mexico, for approval to acquire more than 50 percent of the voting shares of The Bank of Northern New Mexico, Las Vegas, New Mexico. 2/

Dallas Allied Bancshares, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Irving American Bancshares Corp., Irving, Texas and indirect ly The American Bank, Irving, Texas. 2/

Dallas Mercantile Texas Coporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares of The Ashford Bank, Houston, Texas. 2/

Dallas Texas Commerce Bancshares, Inc . , Houston, Texas, for ap-proval to acquire 100 percent of the voting shares of Chemical Bank & Trust Company, Houston, Texas. 2/

77 Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1982 No. 28 - 19 -


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

St . Louis General Bancshares Corporation, St. Louis, Missouri, for approval to indirect ly acquire 100 percent of B e l l e v i l l e National Bank, B e l l e v i l l e , I l l i n o i s through the merger of Mid-Continental Bancshares, Inc. into Midcon Holding, Inc. 2/

* * * * *

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

Boston Shawmut Corporation, Boston, Massachusetts, not i f i cat ion of intent to engage in de novo a c t i v i t i e s (in commercial finance a c t i v i t i e s including the making or acquiring for i t s own account or for the account of others, loans and other extensions of credit such as would be made by a finance company including, without l imitat ion, com-mercial loans, which may be secured by accounts receivable, inventory, equipment or other assets; and servicing such loans and other extensions of credit for others) in Atlanta, Georgia and Chicago, I l l i n o i s , the Atlanta o f f i c e wil l serve States in southeastern United States (Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississ ippi , North Carolina, South Carolina, Tennessee and Virginia) and the Chicago o f f i c e wil l serve the midwestern States ( I l l i n o i s , Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio and Wisconsin), through i t s subsidiary, Shawmut Credit Corp. (7/7/82)

New York The Chase Manhattan Corporation, New York, New York, requests permission to establ ish a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquir-ing, for i t s own account or for the account of others, loans and other extensions of credit secured by real e s t a t e including, but not limited to , f i r s t and second mortgage loans secured by mortgages on one-to-four family residential properties; servicing loans and other extensions of credit for any person; servicing

TJ Application subject to Community Reinvestment Act. The Community Affairs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


APPLICATIONS RECEIVED-f.ontinued

mortgage loans in the secondary market, and o f f e r i n g mortgage term l i f e insurance, accident and heal th in-surance and d i s a b i l i t y insurance d i r e c t l y re la ted to such lending and servicing a c t i v i t i e s ) a t 151 South Warner Read, Wayne, Pennsylvania, through 4 t s subs id ia ry , Chase Home Mortgage Corporation (7/9/82)

Manufacturers Hanover Corporation, New York, New York, requests permission io establ ish a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquir-ing loans and other extensions of cred i t , secured or unsecured, such as would be made or acquired by a finance company under California law; servicing such loans and other extensions of credit ; and o f fer -ing credit related l i f e insurance; such a c t i v i t i e s wi l l include, but not be limited to , making consumer Installment loans, purchasing installment sa les f i -nance contracts , making loans and other extensions of credit secured by real and personal property, and o f f e r -ing related s ing le and jo int l i f e insurance and decreas-ing or level term (in the case of s ingle payment loans) l i f e insurance direct ly related to extensions of credit nade or acquired by Finance One of California, Inc. by l icensed agents or brokers to the extent permissible under applicable State insurance laws and regulations; t h i s o f f i c e wi l l serve Del Norte, Siskiyou, Modoc, Humboldt, Trinity, Shasta, Lassen, Mendocino, Tehama, Plumas, Butte, Glenn, Lake, Colusa, S u t t e r , Yuba, Sierra, Nevada Placer, Sonoma, Napa, Yolo, El Dorado, Marin, Sacramento, Amador, San Francisco, Contra Costa, San Joaquin, San Mateo, Alameda, Calavares, Alpine, Solano, Tuolumne, Stanis laus, Santa Clara, and Santa Cruz counties) at 30 Quail Court, Walnut Creek, California, through i t s subsidiary, Finance One of Cal i fornia, Inc. (7/6/82)

Northwestern Financial Corporation, North Wilkesboro, North Carolina, not i f i ca t ion of intent to engage in de novo a c t i v i t i e s (making, acquiring and servicing TTrst mortgage loans such as would be made by a mort-gage banking company) at 3608 West Friendly Avenue, Greensboro, North Carolina, through i t s subsidiary, F irs t Atlantic Corporation (7/7/82)

NBD Bancorp, Inc . , Detroit , Michigan, not i f i ca t ion of intent to engage in de novo a c t i v i t i e s (mortgage banking a c t i v i t i e s , "including the making and acquir-ing of mortgage loans and other extensions of credit


H.2, 1982 No. 28 - 21


as would be made by a mortgage company) a t 125 South Ma n S t r e e t , Ann Arbor, Michigan , the geographic area to be served wil l be the c i t i e s of Ann Arbor, Yps i lan t i , Plymouth, Farmington, and Novi and c o i n t i e s of Washtenaw, Monroe and Livingston and por t ions of Wayne, Oakland and Lenawee Count ies , through i t s subs id ia ry , NBD Morg-gage Company (6/24/82)

Chicago Panora Financial Corp. , Panora, Iowa, for approval t o engage in insurance a c t i v i t i e s in a town with a popula-tion of l e s s than 5,000.

Minneapolis F i r s t Bank System, I n c . , Minneapolis, Minnesota, n o t i f i c a -tion of i n t e n t to engage in de novo a c t i v i t i e s (in provid-ing bookeeping or data processing se rv ices and s tor ing and processing other banking, f i n a n c i a l , or r e l a t e d economic data such as performing p a y r o l l , accounts rece ivab le or payable, or b i l l i n g serv ices to the holding company, i t s s i A s i d i a r i e s and correspondents and customers of those s u b s i d i a r i e s , n o n - a f f i l i a t e d banks, t h r i f t s and others on an i n d i r e c t and d i r ec t con t rac t ba s i s ) a t 332 Minnesota S t r e e t , S t . Paul, Minnesota, and regional c e n t e r s located in B i l l i n g s , Montana; Duluth, Minnesota; Fargo, North Dakota; t r e a t F a l l s , Montana; Minot, North Dakota; Rapid Ci ty , South Dakota; Rochester , Minnesota; Sioux F a l l s , South Dakota and Rothschi ld, Wisconsin, serving the cont inenta l United S t a t e s , through i t s s i tosidiary, F i r s t Computer Corporation (7/8/82)

Minneapolis McLean Bank Holding Company, Garr ison, North Dakota, 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 ( to engage in the purchase of generaTloans from i t s three subsidiary banks, namely the Garrison S ta te Bank, Garr ison, North Dakota, Farmers Securi ty Bank, Washburn, North Dakota and the Bank of Tur t l e Lake, Tur t l e Lake, North Dakota and an a f f i l i a t e d bank, the Union Sta te Bank of Hazen, North Dakota, the lending a c t i v i t y will be confined to the following North Dakota count ies : McLean, Mercer & Ol iver ; these loans wil l include real e s t a t e mortgages, ag r i cu l tu re loans and consumer loans) the a c t i v i t y wi l l be conducted from i t s pr incipal o f f i c e a t 2 North Main, Garr ison, North Dakota (7/7/82)

San BankAmerica Corporat ion, San Francisco , C a l i f o r n i a , no-Francisco t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s

(making loans and other extens ions of c r e d i t , and acquir ing loans , p a r t i c i p a t i o n s in loans and other ex tens ions of c r e d i t such as would be made or acquired

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

H.2, 1982 No. 28 - 2 2 -


by a f inance company; such a c t i v i t i e s will include, but not be l imited t o , inventory and accounts receivable f i -nancing; equipment f inancing; insurance premium f inancing; making loans to n o n - a f f i l i a t e d f inance and leasing companies secured by pledges of accounts receivable of such companies; and making loans secured by real or personal property; in add i t i on , BA Commercial Corporation also proposes to en-gage in the addi t ional a c t i v i t i e s of servic ing loans, p a r t i c i p a t i o n s of loans and other extensions of c red i t for i t s e l f and others in connection with extensions of c r e d i t made or acquired by BA Commercial Corporation; no c r e d i t r e l a ted insurance of any type will be o f fe red by BA Commercial Corporation in connection with i t s lending a c t i v i t i e s ) in Cleveland, Ohio, serving a l l f i f t y Sta tes and the D i s t r i c t of Columbia, through i s subs id ia ry , BA Commercial Corporation (a Pennsylvania Corporation) (7/9/82)

San Crocker National Corporation, San Francisco, C a l i f o r n i a , Francisco Midland Bank pic and Midland Cal i forn ia Holdings Limited,

both of London, England, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s (in mortgage banking a c t i v i t i e s in-cluding o r ig ina t ing mortgage loans on s ingle and mult i -family r e s i d e n t i a l p roper t i es and commercial non-res ident ia l p r o p e r t i e s , s e l l i n g the mortgage loans to permanent in-ve s to r s , and serv ic ing the loans on behalf of inves tors who purchase them and a s s i s t i ng developers and bui lders in obtaining const ruct ion loans and other types of develop-ment loans; acquir ing from o thers , fo r i t s own account or fo r the account of o the r s , e n t i r e or pa r t i a l i n t e r e s t s in real e s t a t e loans and extensions of c r e d i t secured by real e s t a t e including in te r im, cons t ruc t ion , development and long-term real e s t a t e loans and re la ted s ecu r i t y ; acqui r ing , holding and disposing o f , f o r i t s own account or the account of o the r s , no tes , bonds, debentures , pass-through c e r t i f i c a t e s , or other s imi la r instruments which are secured or backed d i r e c t l y or i nd i r ec t l y by i n t e r e s t s in real e s t a t e or in extensions of real e s t a t e c r e d i t ; leas ing real property in accordance with the provisions of Section 225.4(a)(6) of Regulation Y; act ing as agent , broker or advisor to any person or en t i t y in connection with t r an sac t i ons of the types described above; and se r -vicing real e s t a t e loans and other extensions of real e s t a t e c r e d i t owned by o thers ) at 4101 McEwen S t r e e t , Sui te 209, Dal las , Texas, serving the United S t a t e s , through a subs id ia ry , Crocker Mortgage Company, Inc. (7/8/82)


H.2, 1982 No. 28 - 23 -


San Orbanco Financial Services Corporation, Portland, Oregon, Franc'sco not i f i ca t ion of intent to engage in de novo a c t i v i t i e s

(making or acquiring loans or other extensions of credit such as would be made or acquired by a commercial f i -nance company; leasing personal property in accordance with 12 C.F.R. 225 .4(a) (6) ; and servicing loans or participations in loans and other extensions of credit ) at 1601 Dove Street , Suite 295, Newport Beach, Cal i -fornia, serving the States of California and Arizona, through i t s subsidiary, Northwest Acceptance Corpora-tion (7/7/82)

San U.S. Bancorp, Portland, Oregon, no t i f i ca t ion of intent Francisco to engage in de novo a c t i v i t i e s (making, acquiring and

servicing of loans and other extensions of credi t either secured or unsecured for i t s own account or for the account of others including the making of consumer in-stallment loans, purchasing consumer installment and real es tate sales finance contracts and evidences of debt and making consumer home equity loans secured by real e s ta t e , making industrial loans, and acting as insurance agent with regard to credi t l i f e and dis-ab i l i ty insurance sole ly in connection with extensions of cred i t by U.S. Bancorp Financial, Inc.) at the American Bank Center, 123 West F ir s t Street , Suite C-95, Casper, Wyoming, the primary service area to be served by the proposed o f f i c e wi l l be the entire c i ty of Casper, Wyoming as well as all of Natrona County, ttrough i t s subsidiary, U.S. Bancorp Financial , Inc. d/b/a U.S. Ban cor p Financial Services, Inc. (7/7/82)

San U.S. Bancorp, Portland, Oregon, for approval to acquire Francisco through i t s wholly-owned subsidiary, U.S. Bancorp

Financial, Inc . , Portland, Oregon, 100 percent of the voting shares of Pueblo Beneficial Industrial Bank, Pueblo, Colorado; Colorado Springs Beneficial Industrial Bank, Colorado Springs, Colorado; and Trinidad Beneficial Industrial Bank, Trinidad, Colorado and engage in a c t i v i t i e s of making consumer finance loans, issuing t t r i f t c e r t i f i c a t e s , servicing loans, cred i t re lated insurance s a l e s , and sales of money orders and travelers checks.


H.2, 1982 No. 28 - 24 -


REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.

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