h2_19790901.pdf

ANNdUKOMOT BY

APPLICABLE RESERVE BANK

St. Louis

Philadelphia

San Francisco

Richmond

Cleveland

Boston

Atlanta

m a m g# Gdve%#3RS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1979 No. 35)

Actions of the Board; Applications and Reports

Received During the Week Ending September 1, 1979

ACTIONS OF THE BOARD

Robert E. Mannion, Deputy General Counsel, Legal Division, promotion announced effective September 3.

Edward T. Mulrenin, Assistant Staff Director, Office of Staff Director for Management, promotion announced, effective September 3.

William N. McDonough, Office of the Secretary, has been appointed temporary Assistant Secretary, effective October 1.

Camden County Bank, Camdenton, Missouri, issuance of subordinated capital notes* 1/

Girard Bank, Philadelphia, Pennsylvania, issuance of a subordinated capital note. 1/

Cottonwood Security Bank, Salt Lake City, Utah, permission to make an investment in bank premises . 1/

Citizens National Bank of Emporia, Emporia, Virginia, and City Savings Bank and Trust Company, Petersburg, Virginia, and Central Fidelity Bank, N.A., Richmond, Virginia, proposed merger; report to the Comptroller of the Currency on competitive factors. 1/

First National Bank of Clermont County, Bethel, Ohio, and Society National Bank of Cleveland, Cleveland, Ohio, proposed merger ; report to the Comptroller of the Currency on competitive factors. 1/

Indian Head National Bank of Derry, Derry, New Hampshire, and Indian Head National Bank of Nashua, Nashua, New Hampshire, proposed merger; report to the Comptroller of the Currency on competitive factors. 1/

Sun First National Bank of Lake Wales, Lake Wales, Florida, and Smt First National Bank of; Polk County, Auburndale, Florida, proposed merger; report to the Comptroller of the Currency on competitive factors. 1/

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

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

H.2, 1979 No. 35 ^ - 2 -

ACTIONS OF THE BQARD-Continued

Applications and Notifications 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

Approved New York Bankers International Corporation, New York, New York:

grants permission to amend Article "Tenth" of its Articles of Association to permit non-U.S. citizens to serve on its Board of Directors by deleting from Article Tenth the phrase "all of whan shall be citizens of the United States."

* * * * *

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

Withdrawn Chicago North Community Bancorp, Inc., Chicago, Illinois, for

approval to acquire 94.6 per cent of the voting shares of North Community State Bank, Chicago, Illinois. 2/

Approved Chicago Goodencw Bancorporation, Wall Lake, Icwa, for approval

to acquire 80 per cent or more of the voting shares of Wall Lake Savings Bank, Wall Lake, Iowa. 2/

Minneapolis Melrose Bancshares, Inc., Melrose, Minnesota, for ap-proval to acquire 80.16 per cent of the voting shares of Melrose State Bank, Melrose, Minnesota. 1/ & 2/

Dallas First Neches Bancorp Shares, Inc., Vidor, Texas, for approval to acquire 80 per cent or more of the voting shares of Vidor State Bank, Vidor, Texas. 1/ & 2/

Dallas Leon County Bancshares, Inc., Buffalo, Texas, for ap-proval to acquire 80 per cent or more of the voting shares of Citizens State Bank, Buffalo, Texas. 1/ & 2/

Dallas Valley Mills Financial Corporation, Valley Mills, Texas, for approval to acquire 80 per cent (less directors' qualifying shares) of the voting shares of First National Bank in Valley Mills, Valley Mills, Texas. 1/ & 2/

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

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


H.2, 1979 No. 35 - 3 -

ACTIONS OF THE BQAPD-Continued

Denied St. Louis TGB Co., Clayton, Missouri, for approval to acquire

985,687 voting shares of T G Bancshares Co., St. Louis, Missouri. 2/

* * * * *

Atlanta

Minneapolis

Minneapolis

Minneapolis

Minneapolis

San Francisco

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

Approved Southern Bancorporation of Alabama, Birmingham, Alabama, for approval to acquire 80 per cent or more of the voting shares of First National Bank of Etcwah County, Attala, Alabama. 2/

Otto Bremer Company, St. Paul, Minnesota, for approval to acquire 91.1 per cent of the voting shares of Farmers State Bank, Frederic, Wisconsin. 2/

Otto Bremer Company, St. Paul, Minnesota, for approval to acquire 77.5 per cent of the voting shares of Peoples State Bank, Colfax, Wisconsin. 2/

Otto Bremer Company, St. Paul, Minnesota, for approval to acquire 60.9 per cent of the voting shares of Union State Bank, Amery, Wisconsin. 2/

Otto Bremer Company, St. Paul, Minnesota, for approval to acquire 92.7 per cent of the voting shares of Washburn State Bank, Washburn, Wisconsin. 2/

First Security Corporation, Salt Lake City, Utah, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of First Security Bank of Richfield, National Association, Richfield, Utah, a proposed new bank. 2/

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


H.2, 1979 No. 35 - 4 -

ACTIONS OF THE BCftFCK&ntinued

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

Denied St. Louis County National Bancorporation, Clayton, Missouri, for

approval to acquire indirectly through TGB Co., 80 per cent or more of the voting shares of T G Bancshares Co., St. Louis, Missouri. 2/

* * * * *

Cleveland

San Francisco

San Francisco

Boston

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

Approved Wesbanco, Inc., Wheeling, West Virginia, for approval

to acquire all the outstanding shares of Ohio Valley Finance Company, Wheeling, West Virginia.

Rainier Bancorporation, Seattle, Wiashington, for approval of the retention of the credit related insurance agency activities of its subsidiary. Rainier Mortgage Company, Seattle, Washington.

Returned Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo activities (to engage in mortgage closing documentation activities) at 1780 Century Circle, Atlanta, Georgia, through a subsidiary, Document Preparation, Inc. (7/30/79) 3/

Delayed First National Boston Corporation, Boston, Massachusetts, notification of intent to engage in de novo activities - (providing corporate, pension and personal trust re-lated services to corporations, partnerships and individuals) in Hilton Head, South Carolina, through a subsidiary, Old Colony Trust Company of South Carolina (8/30/79) 3/

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

3/ 4 (c) (8) or 4 (c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


ACTIONS OF THE BQARD-Continued

Philadelphia New Jersey National Corporation, Trenton, New Jersey, notification of intent to engage in de novo activities (making, acquiring, selling and servicing for its own account or the account of others, loans and other extensions of credit principally secured by mortgages) at 19 Bala Avenue, Bala Cynwyd, Pennsylvania, through its subsidiary, Underwood Mortgage and Title Company (8/31/79) 3/

Permitted Boston First National Boston Corporation, Boston, Massachusetts

notification of intent to engage in de novo activities (factoring, commercial financing, and personal prop-erty leasing) at 111 S.W. Columbia Street, Portland, Oregon, through an existing indirect subsidiary, FNB Financial Company, a wholly-cwned subsidiary of FSC Corp., Boston, Massachusetts (8/26/79) 3/

Boston First National Boston Corporation, Boston, Massachusetts notification of intent to engage in de novo activities (making, acquiring and servicing for its am account or for the account of others, loans and other exten-sions of credit including those secured by mortgages of residential or commercial properties or leasehold interests therein? furnishing economic or financial information on real estate matters; providing portolio investment advise concerning real estate matters; and providing all such other services and engaging in all such other activities as are incidential to any of the foregoing) at 1499 West Palmetto Park Road, Boca Raton, Florida, through First National Boston Corpora-tions1 s wholly-owned subsidiary, First of Boston Mort-gage Corporation (8/30/79) 3/

Boston First National Boston Corporation, Boston, Massachusetts notification of intent to engage in de novo activities (providing corporate, pension trust related services to corporations, partnerships, and individuals) at 111 W. Monroe Street, Phoenix, Arizona and 177 N. Church Street, Tucson, Arizona, through a subsidiary, Old Colony Trust Company of Arizona (8/28/79) 3/

37 4(c)(8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2, 1979 No. 35 - 6 -

ACTIONS OF TOE BOARD-Continued

New York Manufacturers Hanover Corporation, New York, New York, notification of intent to engage in de novo activities (arranging, making or acquiring for its am account or for the account of others, loans and other extensions of credit such as would be made or acquired by a mortgage company; servicing any such loans and other extensions of credit for any persons; and acting as agent, through its subsidiary, CMC Insurance Agency, Inc., for the sale of credit life and credit accident and health insurance related to such loans and other extensions of credit) at Suite B, 316, 3101 West Peoria Avenue, Phoenix, Arizona, through its subsidiary, Manufacturers Hanover Mortgage Corporation (8/31/79) 3/

Philadelphia First Pennsylvania Corporation, Philadelphia, Penn-sylvania, notification of intent to engage in de novo activities (performing accounts receivable, accounts payable and billing services and other similar ser-vices involving the storing and processing of financial data; and servicing of loans and other extensions of credit) at 1118 Market Street, Philadelphia, Penn-sylvania, through its direct subsidiary, Fund/Plan Services, Inc. (8/28/79) 3/

Cleveland Pittsburgh National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities (to engage in mortgage banking activities including the making or acquiring and servicing, for its own account or the account of others , loans and other extensions of credit) in the Metropolitan area of Esoondido, California, through a subsidiary, The Kissell Company (8/18/79) 3/

Richmond Virginia National Bankshares, Inc., Norfolk, Virginia, notification of intent to engage in de novo activities (making direct consumer installment loans, purchasing consumer installment sales finance contracts, extend-ing direct loans to dealers for the financing of inventory (floor planning) and working capital purposes; making, acquiring, and servicing, for its own account or for the account of others, loans secured principally by second mortgages on real property ; and acting as agent for the sale of credit life and credit accident and health insurance directly related to its extensions of credit) at 4009 Fitzhugh Avenue, Richmond,: 1201 Airline Boulevard, Portsmouth and 1003 West Washington Street, Suffolk, Virginia, through its subsidiary, Atlantic Equity Corporation (8/28/79) 3/

37 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H.2, 1979 No. 35 - 7 -

ACTIONS OF TOE BQARD-Continued

Chicago HICKORY BANCORP., INC., Hickory Hills, Illinois, noti-fication of intent to engage in de novo activities (to engage in selling as agent of credit life and health and accident insurance related to extensions of credit by its subsidiary bank) at 7800 W. 95th Street, Hickory Hills, Illinois, thorugh its subsidiary, Hickory Insurance Agency, Inc. (8/31/79) 3/

Chicago Walter E. Heller International Corporation, Chicago, Illinois, notification of intent to engage in de novo activities (to engage in commercial finance activities) at 2222 Park Avenue, Minneapolis, Minnesota, through its subsidiary, Walter E. Heller & Company (8/25/79) y -

Kansas City Liberty National Corporation, Oklahoma City, Oklahoma, notification of intent to engage in de novo activities (acting as insurance agent with respect to credit life and credit accident and health insurance, including mortgage life and disability insurance directly related to extensions of credit by Liberty National Corporation's subsidiaries, The Liberty National Bank and Trust Company of Oklahoma City, Liberty Financial Corpora-tion and Liberty Mortgage Company) such activities will be conducted from the following locations of the offices of LNB, LFC and IMC: LNB: Oklahoma City; LFC: Oklahoma City; IMC: Oklahoma City; Lawton; Tulsa; Broken Arrow; Edmond; and Sand Springs, Oklahoma, through an indirect subsidiary, Mid-America Insurance Agency, Inc. (8/30/79) 3/

San Crocker National Corporation, San Francisco, California, Francisco notification of intent to engage in de novo activities

(to engage in lending and loan servicing, investment advisory and real property leasing activities) at 611 West Sixth Street, Los Angeles, California; 111 Sutter Street, San Francisco, California; 555 Park Center Drive, Santa Ana, California; 9911 West Pico Boule-vard, Los Angeles, California; and 1775 The Exchange, Atlanta, Georgia, through its subsidiary, Crocker Mortgage Cdmpany, Inc. (8/31/79) 3/

San First Hawaiian, Inc., Honolulu, Hawaii, notification of Francisco intent to engage in de novo activities (to engage in

industrial loan and credit related insurance activities) at 45-1141 Kamehameha Highway, Kaneohe, Hawaii, through its subsidiary, Hawaii Thrift and Loan Incorporated (8/31/79) 2/

3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf qf the Board of Governors under delegated authority.


H.2, 1979 No. 35 8

ACTIONS OF THE BGARDHjontinued

San U.S. Bancorp, Portland, Oregon, notification of intent Francisco to engage in de novo activities (to engage in lending,

loan servicing and personal property leasing activities) at 2001 Bryan Tcwer, Dallas, Texas, through its subsid-iary, U.S., Bancorp Financial, Inc. (8/19/79) 3/

* * * * *

Agreements Filed Pursuant to Section 8 of the Securities Exchange Act of 1934

Mitsui Bank, Ltd., Tokyo, Japan has filed an agreement with the Board undertaking to comply with all provisions which relate to the use of credit to finance trans-actions in securities.

3/ 4(c) (8) or 4 (c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H^-1979 No* 35 - 9 -

APPLICATIONS RECEIVED

Atlanta

Chicago

Chicago

St. Louis

Minneapolis

Kansas City

Kansas City

Kansas City

Kansas City

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

Peoples Bancorporation, Inc., Lakeland, Florida, for approval to acquire 100 per cent of the voting shares of Peoples Bank of Lakeland, Lakeland, Florida. 2/

Muscatine Bancorporation, Muscatine, Icwa, for approval to acquire 80 per cent or more of the voting shares of Central State Bank, Muscatine, Iowa. 2/

National Bancorporation, Inc., Traverse City, Michigan, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of National Bank and Trust Company of Traverse City, Traverse City, Michigan. 2/

First M & F Corporation, Kosciusko, Mississippi, for approval to acquire 80 per cent or more of the voting shares of Merchants & Farmers Bank, Kosciusko, Missis-sippi. 2/

Hampton Bancshares, Inc., Hampton, Minnesota, for ap-proval to acquire 90 per cent of the voting shares of State Bank of Hampton, Hampton, Minnesota. 2/

Barnard Bankshares, Inc., Barnard, Kansas, for approval to acquire 92.79 per cent (less directors' qualifying shares) of the voting shares of Barnard State Bank, Barnard, Kansas. 2/

Exchange Bank Corporation, Del City, Oklahoma, for ap-proval to acquire 80 per cent or more (less directors' qualifying shares) of the voting shares of Exchange National Bank of Del City, Del City, Oklahoma. 2/

Frederick Holding Company, Stanberry, Missouri, for ap-proval to acquire 80 per cent or more of the voting shares of Farmers State Bank Stanberry, Stanberry, Missouri. 2/

Valley Bancshares, Inc., Atchison, Kansas, for approval to acquire 87.19 per cent of the voting shares of The Valley State Bank, Atchison, Kansas. 2/

2/ Application subject to Community Reinvestment Act. The Connunity Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the content period.


H.2, 1979 No. 35 - 1 0 -

APPLICATIONS REX^IVED-Continued

Dallas

Dallas

Dc^^dS

Dallas

San Francisco

Baylor Bancshares, Inc., Seymour, Texas, for approval to acquire 100 per cent of the voting shares (less di-rectors' qualifying shares) of The First National Bank of Seymour, Seymour, Texas. 2/

Beltway Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less di-rectors' qualifying shares) of Beltway Bank, Houston, Texas. 2/

Graham National Bancorporation, Graham, Texas, for ap-proval to acquire 80-100 per cent of the voting shares (less directors' qualifying shares) of The Graham National Bank, Graham, Texas. 2/

Merkel Bancshares, Inc., Merkel, Texas, for approval to acquire 80-100 per cent of the voting shares (less di-rectors' qualifying shares) of The Farmers and Merchants National Bank of Merkel, Merkel, Texas. 2/

Grandville Financial Holdings Limited, Hong Kong, B.C.C., Grandville California Holdings Inc., San Francisco and Halifax Financial Holdings Inc., San Francisco, Cali-fornia, for approval to acquire 100 per cent of the voting shares of Independence Bank, Encino, California. 2/

* * * * *

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

Cleveland Society Corporation, Cleveland, Ohio, for approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of The Second National Bank of Bucyrus, Bucyrus, Ohio. 2/

Atlanta Barnett Banks of Florida, Inc., Jacksonville, Florida, for approval to acquire 50 per cent or more of the voting shares of Bank of Mount Dora, Mount Dora, Florida. 2/

Atlanta Barnett Banks of Florida, Inc., Jacksonville, Florida, for approval to acquire 50 per cent or more of the voting shares of The First National Bank & Trust Company, Eustis, Florida. 2/

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


H.2, 1979 No. 35 - 1 1 -

APPLICATIGNS RECEIVED-Continued

Kansas City

Kansas City

Kansas City

Kansas City

San Francisco

FirstBank Holding Company, Lakewood, Colorado, for ap-proval to acquire 98.3 per cent of the voting shares of FirstBank of Governor's Ranch, National Association, Denver, Colorado, a proposed new bank. 2/

FirstBank Holding Company, Lakewood, Colorado, for ap-proval to acquire 98.4 per cent of the voting shares of FirstBank of Villa Italia, National Association, Lakewood, Colorado, a proposed new bank. 2/

Wolbach Insurance Agency, Inc., Wolbach, Nebraska, for approval to acquire 24.76 per cent of the voting shares of Broken Bo/ Enterprises, Inc., Broken Bow, Nebraska. 2/

Wyoming Bancorporation, Cheyenne, Wyoming, for approval to acquire 100 per cent of the voting shares of First Wyoming Bank-Douglas, Douglas, Wyoming, a proposed new bank. 2/

Utah Bancorporation, Salt Lake City, Utah, for approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of Valley Central Bank, Richfield, Utah. 2/

* * * * *

Boston

Boston

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

Industrial National Corporation, Providence, Rhode Island, notification of intent to engage in de novo activities (to engage in the origination and sale of residential mortgages and servicing of residential mortgage loans) at 2331 San Luis Place, Green Bay, Wisconsin, through an indirect subsidiary, Amortized Mortgages Inc. (8/30/79) 3/

Industrial National Corporation, Providence, Rhode Island, notification of intent to engage in de novo activities (to engage in the origination and sale of residential mortgages and servicing of residential mortgage loans) at 1751 West County Road B, Roseville, Minnesota, through Mortgage Associates, Inc., Milwaukee, Wisconsin, a wholly-owned subsidiary of Industrial National Cor-poration's direct subsidiary, MAI Financial Corpora-tion (8/30/79) 3/

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

3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


# H.2, 1979 No. 35 -12 -

APPLICATIONS RECEIVED-Continued

New York Chemical New York Corporation, Nev York, New York, noti-fication of intent to engage in de novo activities ((a) extending direct loan credit, purchasing sales finance contracts, and making, acquiring or servicing such other extensions of credit as would be made, acquired or serviced by a consumer finance company including, but not limited to, making loans secured by real and personal property; and (b) providing, at the election of debtors, credit life insurance, credit accident and health insurance and credit related property and casualty insurance in connection with such extensions of credit) at 10640 North 28th Street, Phoenix, Arizona, through its subsidiary, Sunamerica Corporation (8/27/79) 3/

New York Chemical New York Corporation, New York, New York, noti-fication of intent to relocate de novo activities (making direct loans including loans secured by real and personal property, purchasing installment sales contracts; and acting as agent or broker for the sale of life, accident and health and property and casualty insurance directly related to such extensions of credit) from 410 South Norfolk Street, San Mateo, California to 2121 South El Camino Real, San Mateo, California, through its subsidiary, Sunamerica Fi-nancial Corporation (8/27/79) 3/

New York Citicorp, New York, New York, notification of intent to relocate de novo activities (making consumer install-ment personal loans, purchasing and servicing for its cwn account consumer installment sales finance con-tracts, making loans for the account of others such as one-to-four family unit mortgage loans, making loans to individuals and businesses secured by real and personal property, the proceeds of which may be for purposes other than personal, family or household usage; and the sale of credit related life and accident and health or decreasing or level (in the case of single payment loans) term life insurance by licensed agents or brokers to the extent permissible under applicable State insurance laws and regulations; and the sale of credit related property and casualty insurance protecting personal and real property subject to a security agreement with Citicorp Person-to-Person Financial Center, Inc. and to the extent permissible under applicable State laws and regulations; in regard



H.2, 1979 No. 35 - 13 -

APPLICATICNS RECEIVED-Continued

to credit related insurance, the business of a general insurance agency will not be conducted; credit related \ decreasing term life insurance and accident and health insurance may be reinsured by Family Guardian Life Insurance Company, an affiliate of Citicorp Person-to-Person Financial Center, Inc.) frcxn 307 West 18th Street, Cheyenne, Wyoming to 3221 East Pershing Boule-vard, Cheyenne, Wyoming, through its subsidiary, Citicorp Person-to-Person Financial Center, Inc. (8/28/79) 3/

Philadelphia Philadelphia National Corporation, Philadelphia, Penn-sylvania, notification of intent to engage through a newly formed indirect subsidiary known as Signal Finance of New Castle, Inc. (a Delaware Corporation) having its principal office at Robinson Plaza Three, Pittsburgh, Pennsylvania, in the following activities (purchasing sales finance contracts executed in con-nection with the sale of personal, family and house-hold goods or services; selling credit life insurance including joint life insurance and credit accident and health insurance in connection with certain install-ment loans made and sales finance contracts purchased, and reinsuring such insurance through Patrick Henry Life Insurance Company and Patrick Henry Insurance Company, indirect subsidiaries of Philadelphia National Corporation; and generally engaging in the business of a consumer finance company) such activities will be engaged in throughout the State of Delaware and contiguous portions of Maryland and Pennsylvania from a proposed new office of Signal Finance of New Castle, Inc. at 103 Penn Mart Center, New Castle, Delaware (8/28/79)

y

Philadelphia Philadelphia National Corporation, Philadelphia, Penn-sylvania, notification of intent to engage in de novo activities (selling credit accident and health in-surance to borrowers in connection with loans made pursuant to Signal's second mortgage lending business and reinsuring such insurance through Patrick Henry Insurance Company, an indirect subsidiary of Philadelphia National Corporation) at Stadium Plaza, 1616 East Wooster Street, Bowling Green, Ohio; 8334 Mentor Avenue, Mentor, Ohio; Perkins Plaza, Store 5, Perkins Avenue, Sandusky, Ohio; 4950 Darrcw Road, Stew, Ohio; and 27328 Lorain Road, North Olmstead, Ohio; through its indirect subsidiary, Signal Mortgage Corporation (8/21/79) 3/



H.2, 1979 No. 35 - 1 4 -

APPLICATIGNS RECEIVED-Continued

Philadelphia

Cleveland

Cleveland

Cleveland

Philadelphia National Corporation, Philadelphia, Penn-sylvania, notification of intent to engage in de novo activities (making personal installment loans secured by a mortgage (other than a purchase money mortgage) on a borrower's real property and/or by a security interest in a borrower's personal property, and in connection with such loans selling casualty insurance (underwritten by Toledo National Insurance Company, an unaffiliated insurer), credit life insurance (in-cluding joint credit life insurance) and credit acci-dent and health insurance and reinsuring such credit life insurance and credit accident and health insurance through Patrick Henry Insurance Company and Patrick Henry Life Insurance Company, indirect subsidiaries of Philadelphia National Corporation, and generally engaging in the business of second mortgage lending as permitted by Ohio law) at 284 N. Market Street, East Palestine, Ohio, through its indirect subsidiary, Signal Mortgage Corporation (8/21/79) 3/

Mellon National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities (general consumer finance activities including acting as insurance agent with respect to the sale of credit life insurance, credit accident and health insurance, and credit property insurance) at 521 Main Street, Lafayette, Indiana, through a subsidiary, Freedom Financial Services Corporation (8/30/79) 3/

Mellon National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities (making or acquiring, for its own account or the account of others, loans and other extensions of credit as would be made by a mortgage company) at 1255 Euclid Avenue, Cleveland, Ohio, through Mellon Mortgage, Inc. - East, a wholly-owned subsidiary of Mellon National Mortgage Corporation, which is a wholly-owned subsidiary of Mellon National Corporation (8/21/79) 3/

Pittsburgh National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities (to engage in mortgage banking activities including the making or acquiring and servicing, for its own account or the account of others, loans and other extensions of credit) in the Metropolitan area of Huntsville, Alabama, the Metropolitan area of Mobile, Alabama and the Metropolitan area of Ashville, North Carolina, through a subsidiary, The Kissell Company (8/27/79) 3/



H.2, 1979 No. 35 15

APPLICATIONS RECEIVEDH^ntinued

Chicago Town Financial Corporation, Hartford City, Indiana, for approval to retain shares of Tcwn Finance Company, Inc., Hartford City, Indiana.

Minneapolis Dakota Bankshares, Inc., Fargo, North Dakota, for ap-proval to acquire 100 per cent of the voting shares of Red River Acceptance, Inc., Fargo, North Dakota.

Kansas City First National Charter Corporation, Kansas City, Missouri, notification of intent to engage in de novo activities (to engage in mortgage banking activities) at 600 East 103rd Street, Kansas City, Missouri and on the premised of CharteAank Lee's Summit, 301 South M&in, Lee's Sufrcnit",Missouri, thrbugK its subsidiary, Charter

* " Bankers Mortgage tidttpany (8/28/73) 3/ '

Dallas First City Bancorporation of Texas, Inc., Houston, Texas, notification of intent to engage in de novo activities (to engage in acting as an insurance agent or broker in the office of the holding company with respect to (1) any insurance for the holding company and its sub-sidiaries; and (2) any insurance that is directly re-lated to an extension of credit by a bank or bank-re-lated firm of the kind described in Federal Reserve Regulation Y including, but not limited to, credit life insurance, credit accident and health insurance and property and casualty insurance designed to protect collateral securing a loan) at 1111 Fannin Street, Houston, Texas, through a subsidiary, First City Insurance Agency, Inc. (8/28/79) 3/

Dallas First United Bancorporation, Inc., Fort Worth, Texas, notification of intent to engage in de novo activities (to engage in bookkeeping and data processing activi-ties) in Fort Worth, Texas, through its subsidiary, First United Systems, Inc. (8/30/79) 3/

San BankAmerica Corporation, San Francisco, California, no-Francisco tification of intent to engage in de novo activities

(to engage in lending, loan servicing, and credit re-lated insurance activities) in Normal, Illinois, through its indirect subsidiary, FinanceAmerica Corp. (Delaware) (8/31/79) 3/



H.2, 1979 No. 35 16

APPLICATION FSEXEIVEIHjmtinued

Correction: San First Hawaiian, Inc., Honolulu, Hawaii, notification of Francisco intent to engage in de novo activities (to engage in

industrial loan and credit related insurance agency activities) at 1268 Kaahumanu Street, Pearl City, Hawaii, through its subsidiary, Hawaii Thrift & Loan, Incorporated. This was mistakenly listed as Permitted on H.2 No. 33 with the date (8/17/79). It should have been listed as Received with the date (8/13/79) 3/

San First Security Corporation, Salt Lake City, Utah* noti-Francisco fication of intent to engage in de novo activities (to

engage in mortgage lending and loan servicing activities) at 321 South 24th Street West* Billings t Montana r through its subsidiary, Utah. Mortgage Loan Corporation (8/29/79) 3/

San Orbanco, Inc., Portland, Oregon, notification of intent Francisco to engage in de novo activities (to engage in lending,

leasing personal property, servicing loans, and credit related insurance agency activities) in Rosemont, Illinois, through its subsidiary, Northwest Acceptance Corporation (8/31/79) 3/

San Patagonia Corporation, Phoenix, Arizona, notification Francisco of intent to engage in de novo activities (making or

acquiring, for its am account or for the account of others, loans and other extensions of credit (includ-ing issuing letters of credit and accepting drafts) such as would be made, for example, by a mortgage, finance, credit card, or factoring company) at 800 West 47th Street, Kansas City, Missouri and 5251 West Westheimer, Houston, Texas, through its subsidiary, Patagonia Leasing Company (8/31/79) 3/

San Security Pacific Corporation, Los Angeles, California, Francisco notification of intent to engage in de novo activities

(to engage in lending and loan servicing) in Minneapolis, Minnesota, through its subsidiary, Security Pacific Mortgage Corporation (8/31/79) 3/

San Wells Fargo & Company, San Francisoo, California, no-Francisco tification of intent to engage in de novo activities

(lending, loan servicing, acting as investment or financial advisor, leasing of real property, or acting as agent or broker in such leasing and providing bookkeeping or data processing services) in Portland, Oregon, through its subsidiary, Wells Fargo Realty Advisors (8/28/79) 3/

37 4 (c) (8) or 4 (c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

II.2, 1979 No. 35 W - 17 - ^

APPLICATIONS RECEIVEI>Continued

San Zions Utah Bancorporatiori, Salt Lake City, Utah, noti-Francisco fication of intent to engage in de novo activities (to

engage in mortgage lending, loan servicing, and credit related insurance agency activities) in Clearfield, Utah, through its subsidiary, Zions Mortgage Company (8/27/79) 3/

* * * * *

REPORTS RECEIVED

Current Report Filed Pursuant to Section 13 of the Securities Exchange Act

Atlanta Metropolitan Bank and Trust Company, Tampa, Florida.

* * * * *

Ownership Statement Filed Pursuant to Section 13(d) of the Securities Exchange Act

United Citizens Bank, Winston-Salem, North Carolina (Filed by C. Roger Harris, Sr.)

* * * * *

PETITIONS FOR RULEMAKING

None.

37 4(c)(8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


Documents

h2_19790901.pdf