ANNOUNCEMENT BY Actions of the Board; Applications ......1984/09/22 · ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1984 No. 38 Actions of the Board; Applications

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM H.2, 1984 No. 38

Actions of the Board; Applications and Reports

Received During the Week Ending September 22, 1984

APPLICABLE RESERVE BANK ACTIONS OF THE BOARD

Boston Hartford National Corporation, Hartford, Connecticut, extension of time to December 24, 1984, within which to acquire Arltru Bancorporation, Lawrence, Massachusetts. V

Boston Key Bank of Southern Maine, Portland, Maine, proposal to acquire the Freeport and Brunswick, Maine offices of Key Bank of Central Maine, Augusta, Maine; report to the Federal Deposit Insurance Corporation on competitive factors. ]_/

New York Key Bank of Central New York, Syracuse, New York, proposal to purchase 9 branch offices of Key Bank of Western New York N.A.; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

New York Constellation Bank, National Association, Elizabeth, New Jersey, proposal to merge with the National State Bank, Elizabeth, N.J., Elizabeth, New Jersey; report to the Comptroller of the Currency on competitive factors. 1_/

New York First Jersey National Bank/Central, Perth Amboy, New Jersey, proposal to merge with First County Bank of New Jersey, North Brunswick, New Jersey; report to the Comptroller of the Currency on competitive factors. J_/

New York Glens Falls National Bank and Trust Company, Glens Falls,New York, proposal to purchase the asets and assume the liabilities of the North Plaza and South Plaza branches of the National Bank and Trust Company of Norwich, Norwich, New York; report to the Comptroller of the Currency on competitive factors. V

New York Citibank Overseas Investment Corporation, Wilmington, Delaware, extension of time for Citibank Canada to make an additional investment in its subsidiary, Citibank Canada Mortgage Corporation. ] J

TJ Application processed on behalf of the Board of Governors underdelegated authority.

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

H.2, 1984 No. 38 - 2 -

ACTIONS OF THE BOARD - Continued

Philadelphia

Richmond

Richmond

Richmond

Richmond

Richmond

Atlanta

Atlanta

Atlanta

Laurel National Bank, Ebensburg, Pennsylvania, proposal to merge into Interim BT Bank, Ebensburg, Pennsylvania, under the charter of the latter and with the title of Laurel Bank; report transmitted to the Federal Deposit Insurance Corporation on competitive factors. y

Ronceverte National Bank, Fairlea, West Virginia, proposed merger with Ronceverte Interim National Bank, Fairlea,West Virginia, a proposed new bank; report to the Comptroller of the Currency on competitive factors. ]_/

Central National Interim Bank, Morgantown, West Virginia, a proposed new bank, proposed merger with Central National Bank, Morgantown, West Virginia; report to the Comptroller of the Currency on competitive factors. 1_/

Bank of Northumberland, Inc., Heathsville, Virginia, extension of time within which to establish a branch at U.S. Route 360 and State Route 200, Burgess, Virginia. y

Summit Bankshares, Inc., Ripley, West Virginia, extension of time until December 22, 1984, within which to become a bank holding company through the acquisition of The First National Bank of Ripley, Ripley, West Virginia. ]_/

Farmers and Merchants National Bank, Winchester, Virginia, proposed merger with Stonewall Jackson Bank and Trust Company, National Association, Mount Jackson, Virginia; report to the Comptroller of the Currency on competitive factors. J_/

Capital Bank, North Bay Village, Florida, proposed merger with Central Bank, Delray Beach, Florida; report to the Federal Deposit Insurance Corporation on competitive factors. !_/

First National Bancshares of West Alabama, Inc., Aliceville, Alabama, extension of time until November 10, 1984, within which to become a bank holding company through acquisition of First National Bank of Aliceville, Aliceville, and Bank of Gordo, Gordo, Alabama. 1J

Barnet Bank of South Florida, N.A., Miami, Florida, proposed merger with Florida Coast Bank, Pompano Beach, Florida; report to the Comptroller of the Currency on competitive factors. 1/

y Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 38 - 3 -


Atlanta NCNB National Bank of Florida, Tampa, Florida, proposed merger with NCNB National Bank of Florida, Avon Park, Florida; report to the Comptroller of the Currency on competitive factors. 1/

Chicago ANBB National Bank, Beaver Dam, Wisconsin, for prior approval to merge with The American National Bank of Beaver Dam, Beaver Dam, Wisconsin, under the charter of ANBB National Bank, and title of The American National Bank of Beaver Dam; report to the Comptroller of the Currency on competitive factors. 1_/

Chicago BNB National Bank, Belvidere, Illinois, for prior approval to merge with The Belvidere, Illinois, under the charter of BNB National Bank, and title of The Belvidere National Bank and Trust Company; report to the Comptroller of the Currency on competitive factors. ] J

Chicago Marshall & Ilsley Corporation, Milwaukee, Wisconsin, extension of time to November 17, 1984, within which to acquire Wauwatosa Bancorp, Inc., Wauwatosa, Wisconsin and thereby acquire Wauwatosa State Bank, Wautwatosa, Wisconsin. \j

St. Louis Landmark Bank of Ladue, Ladue, Missouri, extension of time until November 15, 1984, to relocate the main banking quarters to 10 South Brentwood Boulevard, Clayton, Missouri, and to continue to operate its current main office at 8866 Ladue Road, Laude, Missouri, as a facility. 1_/

St. Louis Centerre Bank of North Kansas City N.A., North Kansas City, Missouri, proposal to merge with Centerre Bank of Liberty N.A., Liberty, Missouri; report to the Comptroller of the Currency on competitive factors. 1/

St. Louis Citizens Deposit Bank of Arlington, Inc., Arlington, Kentucky, proposal to merge with CDB State Bank, Inc., Arlington, Kentucky; report to the Federal Deposit Insurance Corporation on competitive factors. ]_/

St. Louis First Western Bancshares, Inc., Booneville, Arkansas, extension of time until November 12, 1984, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of Citizens Bank, Booneville, Arkansas. JJ

1J Application processed on behalf of the Board of Governors under~ delegated authority.


H.2, 1984 No. 38 - 4 -


St. Louis Fayette County Bank, St. Elmo, Illinois, to make an additional investment in bank premises. 1_/

Kansas City Goodland State Bank and Trust Company, Goodland, Kansas, extension of time until January 5, 1985, in which to establish a branch facility to be located at 2310 South K-27, Goodland, Kansas. ]_/

Dallas Bancshares, Inc., Houston, Texas, extension of time to January 19, 1985, within which to consummate the acquisition of North Belt National Bank, Harris County, Texas, a proposed new bank. ]_/

SanFrancisco

United Security Bank, Chewelah, Washington, proposed acquisition of assets and assumption of liabilities to pay deposits in the Pend Orielle Valley Branch of First Interstate Bank, Seattle, Washington; report to the Federal Deposit Insurance Corporation on competitive factors 1 ]_/

SanFranci sco

Valley State Bank, Los Angeles, California, proposed purchase of the Woodland Hills branch of Barclays Bank of California, Los Angeles, California, under the title and charter of the former; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

SanFrancisco

Citrus State Bank, Covina, California, proposed acquisition of assets and assumption of liabilities of the Beaumont branch of Lloyds Bank California, Los Angeles, California, under the charter and title of the former; report to the Federal Deposit Insurance Corporation on competitive factors. J_/

Bank of Commerce, Rawlins, Wyoming, to make an additional invest in bank premises. J_/

AtlantaCorrection on H.2, No. 34 - should read as follows:First Etowah Bancorp, Inc., Glencoe, Alabama, extension

of time until November 21, 1984, within which to become a bank holding company through acquisition of First Citizens Bank of Etowah, Glencoe, Alabama. 1/

]J Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 38 - 5 -

Richmond

Kansas City

SanFranci sco

Minneapolis

Dallas

Atlanta


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

ApprovedUnion Trust Company of Maryland, Baltimore, Maryland.

To establish a branch at the intersection of Honeygo Boulevard and Beaconsfield Drive, Baltimore, Maryland. y

United New Mexico Bank at Albuquerque, Albuquerque, New Mexico. To establish an off-site electronic facility to be located at the Administrative Building of Lovelace Medical Center at 5400 Gibson, S.E., Albuquerque, New Mexico. ]_/

Valley Bank of Nevada, Las Vegas, Nevada. To establish a branch office to be located at Indian Springs, Clark County, Nevada. y

* * * * *

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

Not DisapprovedBay Rock Bancshares, Inc., Maiden Rock, Wisconsin. 1/

Wisetex Bankshares, Inc., Rhome, Texas. 1/

* * * * *

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

ApprovedMercantile Bank of Florida, Naples, Florida. 1/

* * * * *

y Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 38 - 6 -

Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the

Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and 4(c)(l4) of the Bank Holding Company Act of 1956, as amended


AtlantaApproved

Corpofin, C.A., Caracas, Venezuela; Corpofin, N.V.,Curacao, Netherlands Antilles; and Eastern National Bank, Hialeah, Florida, requests specific consent to invest in Eastern Overseas Bank, George Town, Grand Cayman,Cayman Islands.

Atlanta Florida Park Banks, Inc., St. Petersburg, Florida, prior notification of its intent to invest in 100 percent of the shares of Park Services International, Inc., St. Petersburg, Florida.

Chicago Continental Illinois Holding Corporation, Chicago, Illinois, request's consent to acquire Continental Illinois Bank (Canada), Toronto, Canada; Continental International Finance Corporation, Chicago, Illinois, Continental Illinois Leasing Canada, Ltd., Toronto, Canada; and Continental Bank International, Chicago, Illinois.

* * * * *

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

ChicagoReturned

Dysart Bancshares, Inc., Dysart, Iowa, for approval to acquire 81 percent or more of the voting shares of Dysart State Bank, Dysart, Iowa.

Chicago Hartwick Bancshares, Inc., Hartwick, Iowa, for approval to acquire at least 70.6 percent of the voting shares of Hartwick State Bank, Hartwick, Iowa.

Kansas City The Banking Group Ltd., Castle Rock, Colorado, for approval to acquire 100 percent of the voting shares of The First National Bank of Castle Rock, Castle Rock, Colorado, a proposed new bank.

1/ Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 38 - 7 -

Dallas

Minneapolis

Minneapolis

Boston

Boston

Cleveland

Atlanta

Atlanta

Atlanta

1/ Applicati delegated


Brazos Valley Bancshares, Inc., Bryan, Texas, for approval to acquire at least 80 percent of the voting shares of Western National Bank, Bryan, Texas.

DeniedMontana First Bancorporation, Helena, Montana, for approval

to acquire at least 99.7 percent of the voting shares of First National Bank of Great Falls, Great Falls, Montana and 100 percent of the voting shares of First Golden Spike State Bank, Tremonton, Utah, a proposed new bank.

Utah FBS Corporation, Salt Lake City, Utah, for approval to acquire 100 percent of the voting shares of First Golden Spike State Bank, Tremonton, Utah, a proposed new bank.

ApprovedBankVermont Corporation, Burlington, Vermont, for approval

to acquire 99.75 percent of the voting shares of Bank of Vermont, Burlington, Vermont.

Camden National Corporation, Camden, Maine, for approval to acquire 100 percent of the voting shares of Camden National Bank, Camden, Maine.

Grant County Bancorp, Inc, Williamstown, Kentucky, for approval to acquire 100 percent of the voting shares of Grant County Deposit Bank, Williamstown, Kentucky. _]_/

Community Banks of Florida, Inc., Mims, Florida, for approval to acquire at least 80 percent of the voting shares of Community National Bank, Mims, Florida. ]_/

Farmers National Bancshares, Inc., Opelika, Alabama, for approval to acquire 100 percent of the voting shares of The Farmers National Bank of Opelika, Opelika, Alabama. _]_/

Georgia First Financial Corp., Calhoun, Georgia, for approval to acquire 100 percent of the voting shares of the successor by merger to The Calhoun First National Bank, Calhoun, Georgia.

n processed on behalf of the Board of Governors underauthority.


H.2, 1984 No. 38 - 8 -

Atlanta

Atlanta

Atlanta

Chicago

Minneapolis

Minneapolis

Dallas

Holdco of Pinellas County, Inc., St. Petersburg, Florida, for approval to acquire 100 percent of the voting shares of First Bank Holding Company, Treasure Island, Florida and indirectly 94.43 percent of First Bank of Pinellas County, Treasure Island, Florida. ]_/

Liberty Shares, Inc., Hinesville, Georgia, for approval to acquire 100 percent of the voting shares of The Hinesville Bank, Hinesville, Georgia. ]_/

Prattville Financial Services Corporation, Prattville,Alabama, for approval to acquire 100 percent of the voting shares of Bank of Prattville, Prattville, Alabama. JJ

Continental Illinois Holding Corporation, Chicago, Illinois, for approval to acquire 100 percent of the voting shares of Continental Illinois Corporation, Chicago, Illinois, and indirectly acquire 100 percent (less directors' qualifying shares) of Continental Illinois National Bank and Trust Company of Chicago, Chicago, Illinois; Continental Bank of Buffalo Grove, N.A., Buffalo Grove, Illinois; and Continental Bank of Oakbrook Terrace, Oakbrook Terrace, Illinois.

FS Bancshares, Inc., Stetsonville, Wisconsin, for approval to acquire at least 88.38 percent of the voting shares or assets of Farmers State Bank, Stetsonville, Wisconsin. ]_/

Lismore Financial Services, Inc., Lismore, Minnesota, for approval to acquire 86.2 percent of the voting shares of State Bank of Lismore, Lismore, Minnesota. _]_/

Arlington Commonwealth Corporation, Arlington, Texas, for approval to acquire 80 percent of the voting shares of Commonwealth Bank of Arlington, Arlington, Texas. ]_/

* * * * *


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

WithdrawnKansas City Affiliated Bankshares of Colorado, Inc., Boulder, Colorado,

for approval to acquire IntraWest Financial Corporation, Denver, Colorado.

1/ Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 38 - 9 -

Minneapolis

Cleveland

Cleveland

Chicago

Kansas City

Dallas

To

Cleveland


DeniedFirst Bank System, Inc., Minneapolis, Minnesota, for

approval to acquire 100 percent of the voting shares of First Golden Spike State Bank, Tremonton, Utah, a proposed new bank.

ApprovedCitizens Bancshares, Inc., Salineville, Ohio, for approval

to acquire 100 percent of the voting shares of the Union Commercial Savings Bank, East Palestine, Ohio. J_/

Commonwealth Trust Bancorp, Inc., Covington, Kentucky, for approval to acquire at least 50.77 percent of the voting shares of Peoples Deposit Bank, Burlington, Kentucky. 1_/

Panhandle Aviation, Inc., Clarinda, Iowa, for approval to acquire 100 percent of the voting shares of Oakland State Bank, Oakland, Iowa, a proposed new bank. 1_/

International Bancshares, Inc., Gladstone, Missouri, for approval to acquire 100 percent of the voting shares of Drovers Mercantile Bank, St. Joseph, Missouri. J_/

Broadway Bancshares Inc., San Antonio, Texas, for approval to acquire 100 percent of the voting shares of Broadway National Bank-WestPI ex, Bexar County, Texas, a proposed new bank. 1/

★ ★ * * ★

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

ApprovedManchester Bancorp, Inc., Manchester, Kentucky, for approval

to acquire 100 percent of the voting shares of London Bancshares, Inc., London, Kentucky, and indirectly London Bank and Trust Company, London, Kentucky; Jessamine Bancshares, Inc., Nicholasville, Kentucky, and indirectly First National Bank and Trust Company, Nicholsvi1le, Kentucky; and United Danville, Inc., Danville, Kentucky; and indirectly Bank of Danville, Danville, Kentucky. 1_/

1J Application processed on behalf of the Board of Governors under“ delegated authority.


H.2, 1984 No. 38 - 10 -

Atlanta

To

Boston

Richmond

Chicago

Kansas City


Trust Company of Georgia, Atlanta, Georgia, for approval to acquire by merger 100 percent of the voting shares of First Thomson Bancorp, Inc., Thomson, Georgia, and indirectly First National Bank of Thomson, Thomson, Georgia. ]_/

* * * * *

Expand a Bank Holding Company Pursuant to Section 1(c)(8) of the Bank Holding Company Act of 1956

ApprovedBankVermont Corporation, Burlington, Vermont, for approval

to retain Future Planning Associates, Inc., Burlington, Vermont and to acquire Madison Group, Inc., Rutland, Vermont.

Maryland National Corporation, Baltimore, Maryland, for approval to acquire Summit Industrial Bank, Lakewood, Colorado. ]_/

Continental Illinois Holding Corporation, Chicago, Illinois, for approval to acquire Continental Illinois Commercial Corporation and Continental Illinois Energy Development Corporation; Continental Illinois Leasing Corporation;Cl General Equipment Leasing Corporation; Cl Leasing Corporation; Cl Transportation Leasing Corporation and Republic Realty Mortgage Corporation, all of Chicago, Illinois; Continental Illinois Trust Company of Florida, N.A., Boca Raton, Florida; Continental Illinois Trust Company of Sarasota, N.A., Sarasota, Florida; Continental Illinois Corporation Financial Futures, Inc., Chicago, Illinois; Continental Illinois Equity Corporation, Chicago, Illinois; and Great Lakes Life Insurance Corporation, Chicago, Illinois.

Community Bancshares of Tulsa, Inc., Tulsa, Oklahoma, for approval to acquire 50.04 percent of the voting shares of Southwest Pioneer Life Insurance Company, Tulsa, Oklahoma, and indirectly engage in the sale and underwriting of insurance that is directly related to extensions of credit by Applicant's subsidiary, Community Bank & Trust Company, Tulsa, Oklahoma. 1/

1_/ Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 38 ~ 11


BostonPermitted

Old Stone Corporation, Providence, Rhode Island, notification of intent to engage in de novo activities (in the underwriting of credit life and credit accident and health insurance, written in connection with extensions of credit by an affiliated bank holding company subsidiary, UniMortgage Corporation) this activity would be conducted in the State of Nevada, through its subsidiary, The Motor Life Insurance Company (9/16/84) 3/

New York The Chase Manhattan Corporation, New York, New York, requests permission to engage de novo through its subsidiary, Chase Manhattan Futures Corporation, or through any other of its existing subsidiaries or any subsidiary yet to be formed, in acting as a futures commission merchant engaging in the following activities (futures commission merchant activities for nonaffiliatechpersons, including the execution and clearance on major commodity exchanges of futures contracts and options on futures contracts for bullion, foreign exchange, government securities, certificates of deposit and other money market instruments that a bank may buy or sell in the cash market for its own account) (9/18/84) 3/

Richmond Jefferson Bankshares, Inc., Charlottesville, Virginia, notification of intent to expand its activities (making, acquiring and/or servicing of loans and other extensions of credit for the account of Jefferson Bankshares, Inc., its affiliates and/or others and making real estate appraisals) through its subsidiary, Jefferson Properties, Inc., throughout the United States (9/18/84) 3/

Richmond Jefferson Bankshares, Inc., Charlottesville, Virginia, notification of intent to engage in de novo activities (financial, banking and/or economic data processing and data transmission services, facilities, data bases and/or access to such services, facilities and/or data bases) and expand its activities throughout the United States, through a subsidiary to be known as Jefferson Data Services, Inc. (9/18/84) 3/

Chicago Firstbank of Illinois Co., Springfield, Illinois, notification of intent to engage de novo in the (reinsurance of credit life and credit accident and health insurance) through its subsidiary, FIBANK Credit Insurance Company (9/19/84) ZJ

37 4(c)(8) notification processed by Reserve Bank on behalf of the— Board of Governors under delegated authority.


H.2, 1984 No. 38 - 12 -


Chicago

Chicago

Kansas City

Kansas City

Kansas City

Dallas

First Wisconsin Corporation, Milwaukee, Wisconsin, notification of intent to engage (in providing securities brokerage services and related securities credit activities pursuant to the Federal Reserve Board's Regulation T, and incidental activities such as offering custodial services and individual retirement accounts) to include the entire United States, through its subsidiary,Elanco Investment Services, I.nc. (9/22/84) 3/

Premier Financial Services, Inc., Freeport, Illinois, notification of intent to establish a de novo office (to engage in fiduciary, agency and custodial functions and activities performed by a trust company) the geographic area to be served will be the State of Illinois through its subsidiary, Premier Trust Services, Inc. (9/21/84) 3/

Centinel Bank Shares, Inc., Taos, New Mexico, notification of intent to engage de novo in the sale of general insurance in a community of less than 5,000 (9/19/84) 3/

Union Bancshares, Inc., Wichita, Kansas, notification of intent to engage in de novo activities (in the activities of a venture capital company by providing capital and credit to new companies) these activities would be performed in the State of Kansas, through its subsidiary, UBI Growth Capital, Inc. (9/16/84) 3/

Union Bancshares, Inc., Wichita, Kansas, notification of intent to engage in de novo activities (in the extension of credit or acquisition of loans such as those made by a consumer or commercial finance company) these activities would be performed in the State of Kansas, through its subsidiary, UBI Financial Services, Inc. (9/16/84) 3/

Montwood Bancshares, Inc., El Paso, Texas, notification of intent to engage in de novo activities (making and servicing loans pursuant to Section 225.25(b)(1) of Regulation Y; and intends to purchase loans which may include land development and interim construction loans, insured and conventional real estate loans and secured and unsecured commercial and industrial loans in the United States) (9/19/84) 3/

3/ 4(c)(8) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2, 1984 No. 39 - 13 -

Dal 1 as


Texas Independent Bancshares, Inc., Hitchcock, Texas, notification of intent to engage in de novo activities (providing data processing services) in Galveston County, Texas (9/21/84) 3/

SanFrancisco

First Security Corporation, Salt Lake City, Utah, notification of intent to engage (in the business of lease financing [including finance leases and leveraged leases for its own account and to be sold to others] and the appraisal, brokering and advising with respect to lease financing and leased equipment) these activities would be conducted from an office at Market Tower II, 3025 South Parker Road, Suite 811, Aurora, Colorado, through its wholly owned subsidiary, First Security Leasing Company (9/20/84) 3/

★ ★ ★ ★ ★

Atlanta

Redemption of Shares

M. B. Group, Inc., Marathon, Florida. V

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

3/ 4(c)(8) notification processed by Reserve Bank on behalf of theBoard of Governors under delegated authority.


H.2, 1984 No. 38 14 -

APPLICATIONS RECEIVED

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

Richmond Bank of Northumberland, Inc., Heathsville, Virginia. Toestablish a branch at U.S. Route 360 and State Route 200, Burgess, Virginia.^/

Atlanta Trust Company Bank, Atlanta, Georgia. To establish a branchlocated at 4373 Ashford Dunwoody Road, N.E., Atlanta, Georgia. 2/

Atlanta Plaza Bank of Miami, Miami, Florida. To establish abranch located at 6193 Sunset Drive, South Miami,Florida. 2/

* * * * ★

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

Kansas City Metropolitan Industrial Bank, Denver, Colorado.

* * * * * *

Applications and Notifications for International Investments and Other Actions Pursuant to Section 25 and 25(a) of the

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

New York Citibank Overseas Investment Corporation, Wilmington,Delaware: prior notification of its intent to make anadditional investment, indirectly through Citibank Canada, Toronto, Canada, in Citibank Leasing Canada Limited, Burlington, Canada.

New York Irving Trust Company, New York, New York, prior notificationof its intent to continue to hold the shares of its subsidiary, Wing Hang Bank, Limited, Hong Kong after Limited acquires all the shares of Banco Weng Hang, S.A.R.L., Macau.

2/ Application subject to Community Reinvestment Act. The CommunityAffairs Officer of the applicable Reserve Bank may be contactedas to the length of the comment period.


H.2, 1984 No. 38 - 15 -

APPLICATIONS RECEIVED - Continued

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

Boston

New York

New York

New York

New York

Cleveland

Cleveland

Cleveland

Atlanta

Chicago

Woodstock Holding Company, Inc., Woodstock, Vermont,for approval to acquire 100 percent of the voting shares of The Woodstock National Bank, Woodstock, Vermont. 2/

The International Commercial Bank of China, Taipei,Taiwan, Republic of China, for approval to acquire at least 93.328 percent of the voting shares of The Chinese American Bank, New York, New York. 2/

GHW Associates, Hackensack, New Jersey, for approval to acquire at least 51 percent of the voting shares of First County Bank of New Jersey, North Brunswick, New Jersey. 2/

Inter Community Bancorp, Springfield, New Jersey, for approval to acquire 100 percent of the voting shares of Inter Community Bank, Springfield, New Jersey. 2/

The Merchants Bancorp, Inc., Norwalk, Connecticut, for approval to acquire 100 percent of the voting shares of The Merchants Bank and Trust Company, Norwalk, Connecticut. 2/

First Paintsville Bancshares, Inc., Paintsville, Kentucky, for approval to acquire at least 83 percent of the voting shares of The First National Bank of Paintsville, Paintsville, Kentucky. 2/

Kingston Bancshares, Inc., Kingston, Ohio, for approval to acquire at least 80 percent of the voting shares of Kingston National Bank, Kingston, Ohio. 2/

Northern Kentucky Trust Corp., Inc., Alexandria, Kentucky, for approval to acquire at least 80 percent of the voting shares of Northern Kentucky Bank & Trust, Inc., Alexandria, Kentucky. 2/

Cottonport Bancshares, Inc., Cottonport, Louisiana, for approval to acquire at least 80 percent of the voting shares of The Cottonport Bank, Cottonport, Louisiana.

BW Bancshares, Inc., Warrensburg, Illinois, for approval to acquire at least 81 percent of the voting shares of Community Bank of Warrensburg, Warrensburg, Illinois. 2/



H.2, 1984 No. 38 - 16 -


Chicago Evans Bancshares, Inc., Evansdale, Iowa, for approval to acquire at least 97.82 percent of the voting shares of First Security State Bank, Evansdale, Iowa. 2/

Chicago First Winnebago Corporation, Winnebago, Illinois, for approval to acquire 100 percent of the voting shares of First National Bank of Winnebago, Winnebago, Illinois. 2/

Chicago Wapello Bankshares, Inc., Wapello, Iowa, for approval to acquire at least 80 percent of the voting shares of State Bank of Wapello, Wapello, Iowa. 2/

St. Louis First Sheridan Bancshares, Inc., Sheridan, Arkansas, for approval to acquire at least 56 percent of the voting shares of First National Bank of Sheridan, Sheridan, Arkansas. 2/

St. Louis First State Bancshares, Inc., Somerville, Tennessee, for approval to acquire at least 80 percent of the voting shares of First State Bank of Fayette County, Somerville, Tennessee, 2/

St. Louis Fort Knox Bancshares, Inc., Chillicothe, Missouri, for approval to acquire at least 80 percent of the voting shares of Investors Services, Inc., Fort Knox, Kentucky and indirectly acquire 100 percent of Fort Knox National Bank, Fort Knox, Kentucky.

St. Louis Third Illinois Bancorp, Inc., Manchester, Missouri, for approval to acquire at least 89.2 percent of the voting shares of Lawrenceville National Bank & Trust Company, Lawrenceville, Illinois. 2/

Minneapolis Carlos Bancshares, Inc., Carlos, Minnesota, for approval to acquire 100 percent of the voting shares of First State Bank of Carlos, Carlos, Minnesota.

Kansas City Minnequa Bancorp, Inc., Pueblo, Colorado, for approval to acquire at least 80 percent of the voting shares of Minnequa Bank, Pueblo, Colorado, Pueblo, Colorado. 2/

Kansas City Parsons Bancshares, Inc., Parson, Kansas, for approval to acquire at least 80 percent of the voting shares of The State Bank of Parsons, Parsons, Kansas. 2/

2/ Application subject to Community Reinvestment Act. The CommunityAffairs Officer of the applicable Reserve Bank may be contactedas tot he length of the comment period.


H.2, 1984 No. 38 - 17 -


Kansas City Waterville Bancshares, Inc., Waterville, Kansas, for for approval to acquire 100 percent of the voting shares of The Citizens State Bank of Waterville, Waterville, Kansas. 2/

Dallas Capital bank Corporation, San Antonio, Texas, for approval to acquire 100 percent of the voting shares of First City Bank-Central Park, San Antonio, Texas. 2/

Dallas Congress National Bancshares, Inc., Austin, Texas, for approval to acquire 100 percent of the voting shares of Congress National Bank, Austin, Texas. 2/

Dallas Equitable Bancshares, Inc., Dallas, Texas, for approval to acquire 100 percent of the voting shares of Equitable Bank, Dallas, Texas. 2/

Dallas Hodge Bancshares, Inc., Hodge, Louisiana, for approval to acquire at least 80 percent of the voting shares of Hodge Bank & Trust Company, Hodge, Louisiana. 2/

Dallas Houston Bancorporation, Inc., Lake Jackson, Texas, for approval to acquire at least 80 percent of the voting shares of Citizens National Bank, Houston, Texas. 2/

Dallas Houston City Bancshares, Inc., Houston, Texas, for approval to acquire at least 80 percent of the voting shares of Citizens National Bank-West, Houston, Texas. 2/

Dallas Morton Financial Corporation, Morton, Texas, for approval to acquire at least 80 percent of the voting shares of Morton Bancshares, Inc., Morton, Texas and indirectly First State Bank, Morton, Texas. 2/

Dallas O'Donnell Bancshares, Inc., O'Donnell, Texas, for approval to acquire at least 92 percent of the voting shares of The First National Bank of O'Donnell, O'Donnell, Texas. 2J

* * * * *



H.2, 1984 No. 38 - 18 -


Cleveland Wesbanco, Inc., Wheeling, West Virginia, for approval to


Atlanta

acquire 100 percent of the voting shares of First-Tyler Bank & Trust Co., Sisterville, West Virginia. 2/

Bartow Bancshares, Inc., Cartersville, Georgia, for approval to acquire 100 percent of the voting shares of CBA Bancshares, Inc., Americus, Georgia, and indirectly Citizens Bank of Americus, Americus, Georgia.

Atlanta SouthTrust Corporation, Birmingham, Alabama, for approval to acquire at least 80 percent of the voting shares of The First National Bancorp of the South, Opp, Alabama.

Chicago First Evergreen Corporation, Evergreen Park, Illinois, for approval to acquire 100 percent of the voting shares of Clear Bancorp, Inc., Chicago, Illinois, and indirectly Clearing Bank, Chicago, Illinois, j?/

Chicago First Mid-Illinois Bancshares, Inc., Mattoon, Illinois, for approval to acquire 100 percent of the voting shares of State Bank of Sullivan, Sullivan, Illinois. 2/

Chicago Panhandle Aviation, Inc., Clarinda, Iowa, for approval to acquire 100 percent of the voting shares of Oakland State Bank, Oakland, Iowa, a proposed new bank. 2/

Chicago Summcorp, Fort Wayne, Indiana, for approval to acquire 100 percent of the voting shares of Decatur Financial, Inc., Decatur, Indiana. 2/

Dallas Huntington Bancshares, Inc., Huntington, Texas, for approval to acquire at least 72 percent of the voting shares of Eastex Bancshares, Inc., Lufkin, Texas and indirectly Angelina National Bank, Lufkin, Texas. 2/

SanFrancisco

Midland Bank pic, London, England, for approval to retain 20,125 shares of voting stock of European American Bancorp, New York, New York and indirectly European American Bank and Trust Company, New York, New York.



H.2, 1984 No. 38 - 19 -



Atlanta Hibernia Corporation, New Orleans, Louisiana, for approvalto merge with Metro Shares, Inc., Metairie, Louisiana, and indirectly acquire First Metropolitan Bank, Metaire, Louisiana. 2/

St. Louis Boatmen's Bancshares, Inc., St. Louis, Missouri, for approvalto merge with CharterCorp, Kansas City, Missouri and indirectly acquire First National Bank of Kansas City, Kansas City; CharterBank of St. Louis, N.A., St. Louis; CharterBank Webster Groves Trust Company, Webster Groves; CharterBank of Jennings, Jennings; CharterBank of Carthage, Carthage; CharterBank of Ward Parkway, N.A., Kansas City; CharterBank Springfield, N.A., Springfield; CharterBank Lee's Summit, Lee's Summit; CharterBank Aurora, Aurora; CharterBank of Overland, Overland; CharterBank Cassville N.A., Cassville; Charterbank Butler, Butler; Livestock National Bank of Kansas City, Kansas City; Charterbank Independence, Independence; Charterbank Marshall, Marshall; Charterbank DeSota, DeSoto; Charterbank Belton, Belton; Charterbank Lebanon, N.A., Lebanon; Charterbank of Ladue, Ladue; Charterbank Clinton, Clinton; Charterbank Excelsior Springs, Excelsior Springs; Charterbank Lexington, Lexington; Charterbank Boonville, N.A., Boonville; Charterbank Richmond, N.A., Richmond; Charter- bank Lockwood, Lockwood; Charterbank Nevada, Nevada; Charterbank Raytown, Raytown, all in Missouri. 2/

★ * * * ★

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

New York Chase Manhattan Corporation, New York, New York,notification of intent to engage in de novo activities (in performing functions or activities that may be per formed by a trust company [including activities of a fiduciary, agency or custodial nature], in the manner authorized by Federal or state law; and including the making of loans and investments and the taking of deposits which are limited to those loans, investments and deposits permitted by Section 225.25(b)(3) of



H.2, 1984 No. 38 - 20 -


Philadelphia

Chicago

St. Louis

Kansas City

Kansas City

Kansas City

SanFrancisco

Regulation Y) these activities will be conducted from an office at Embarcadero Center, San Francisco, California, through its subsidiary, The Chase Manhattan Trust Company of California, National Association (9/4/84)

Bank of Delaware Corporation, Wilmington, Delaware, notification of intent to engage in de novo activities (underwriting, as reinsurer, credit life and credit disability insurance which is directly related to extensions of credit by the credit extending affiliates of Bank of Delaware Corporation) this activity would be conducted at offices at the following location: 1421East Thomas Road, Phoenix, Arizona, though its subsidiary, Christina Life Insurance Company (9/14/84)

Manufacturers National Corporation, Detroit, Michigan, notification of intent to expand the activities of (automobile leasing activities) the geographic scope will include the entire United States, through its subsidiary, Manucor Leasing, Inc. (9/17/84)

Boatmen's Bancshares, Inc., St. Louis, Missouri, for approval to acquire Charter Bankers Life Insurance Company, Kansas City, Missouri.

Central of Kansas, Inc., Junction City, Kansas, for approval to acquire Central Computer Services, Inc., Junction City, Kansas.

Gaylord Bankshares, Inc., Gaylord, Kansas, for approval to acquire Valley Insurance Agency, Gaylord, Kansas.

United Missouri Bancshares, Inc., Kansas City, Missouri, notification of intent to engage in de novo activities (making, acquiring or servicing loans or other extensions of credit [including issuing letters of credit and accepting drafts] for the company's account or for the account of others) these activities will be conducted throughout the U.S. (9/17/84)

Bancorp Hawaii, Honolulu, Hawaii, notification of intent to engage in de novo activities (underwriting as a reinsurer the credit life insurance sold by Bank of Hawaii, which is a wholly-owned subsidiary of Bancorp Hawaii, Inc., in conjunction with its short-term consumer lending activities) these activities will be conducted from an office at 1415 North First Street,


H.2, 1984 No. 38

SanFranci sco

SanFrancisco

- 21 -


Phoenix, Arizona, and will serve the Bank's retail customers in the islands of American Samoa, Koror,Kwajalein, Ponape and Yap, through its subsidiary,Bancorp Life Insurance Company of Hawaii, Inc.(9/10/84)

First Interstate Bancorp, Los Angeles, California, for approval to acquire 100 percent of the outstanding shares of Republic Realty Mortgage Corporation, Chicago,II1 inois.

Midland Bank, Pic, London, England, notification of intent to engage in de novo activities (making, acquiring, or servicing loans or other extensions of credit for its own account or for the account of others, including but not limited to the businesses of commercial finance, factoring and asset based financing, and including the secured and unsecured financing of trade, commodity and construction activities, domestically, abroad and in international commerce, through the issuance of letters of credit, acceptance of notes and drafts and otherwise) these activities will be conducted worldwide with emphasis on the Western Hemisphere, through its subsidiary, Midland International Trade Services (USA) Corporation (8/23/84)

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.


Documents

ANNOUNCEMENT BY Actions of the Board; Applications ......1984/09/22 · ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1984 No. 38 Actions of the Board; Applications