h2_19820612.pdf

ANNOUNCEMENT BY

APPLICABLE RESERVE BANK

Atlanta

Da)las

Da Has

New York

Kansas City

Chicago

Kansas City

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2., 1982 No. 24)

Actions of the Board; Applications and Reports

Received During the Week Ending June 12, 1982

ACTIONS OF THE BOARD

A.8.T. Corp., Savannah, Georgia, extension of time un t i l September 1, 1982, wi thin which to become a bank holding company through the acquisi t ion of At lant ic Bank and Trust Company, Savannah, Georgia. \J

American Southwest Bancshares, Inc . , El Paso, Texas, ex-tension of time to September, 29, 1982, within which to consummate the acquisi t ion of American Bank of Commerce, El Paso, Texas. \J

Fi rs t City Bancorporation of Texas, Inc . , Houston, Texas, ex-tension of time to August 19, 1982, wi thin which to consummate the acquisi t ion of F i rs t City National Bank of F lo resv i l le , F lo resv i l l e , Texas. 1/

F i rs t Jersey National Corporation, Jersey Ci ty , New Jersey, ex-tension of time to July 31, 1982, wi th in which to acquire the successor by merger to the Washington Bank, Turnersvi l le, New Jersey. \J

Fi rs t Midwest Bancorp, Inc . , Midwest Ci ty , Oklahoma, extenstion of time to August 25, 1982, within which to consummate the acquis i t ion of F i rs t National Bank of Midwest Ci ty , Midwest C i ty , Oklahoma. \J

Hayesville Bancshares, Inc . , Hayesvil le, Iowa, extension of time to September 7, 1982, wi thin which to become a bank holding company through the acquisi t ion of 80 percent or more of the voting shares of Hayesville Savings Bank, Hayesville, Iowa. J7

Indian Springs Bancshares, Inc . , Kansas Ci ty , Kansas, extension of time to August 9, 1982, within which to consummate the acquis i t ion of Indian Springs State Bank, Kansas Ci ty , Kansas. 1/

T7 App)ication processed on behalf of the Board of Governors under delegated authori ty

i

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

H.2, 1982 No. 24 2 -

ACTIONS OF THE BOARD-Continued

Dallas Republic of Texas Corporation, Dallas, Texas, extension of time to August 24, 1982, wi thin which to consummate the acquisi t ion of The Lubbock National Bank, Lubbock, Texas. \J

Dallas San Saba National Corporation, San Saba, Texas, extension of time to July 11, 1982, wi thin which to consummate the acquisiton of The San Saba National Bank, San Saba, Texas. TJ

St. Louis Callaway Bank, Fulton, Missouri, extension of time to September 6, 1982, wi thin which to establish a branch ( f a c i l i t y ) at 1101 Highway 54 South, Fulton, Missouri. \J

New York Columbus Trust Company, Newburgh, New York, extension of time to July 10, 1983, wi thin which to establish a branch in the immediate neigborhood of the intersect ion of Quaker Avenue and Angola Road, Town of Cornwall, New York. U

Boston Connecticut Bank and Trust Company, Hartford, Connecticut, ex-tension of time un t i l July 1, 1983, wi th in which to establish a branch in Trumbull, Connecticut. 1/

San F i rs t Interstate Bank of Cal i forn ia , Los Angeles, Cal i forn ia, ex-Francisco tension of time to June 23, 1983, wi thin which to establish a

branch o f f i ce in the v i c i n i t y of La Jol la Vil lage Drive and Genessee Avenue, City of San Diego, Cal i forn ia. 1/

Chicago Citizens F i rs t State Bank of Walnut, Walnut, I l l i n o i s , to invest in bank premises. \J

Richmond F i rs t Virginia Bank - Northern Neck, Colonial Beach, V i rg in ia , to invest in bank premises. \ j

Richmond Deregistration under Regulation G submitted by Mitre Employees Credit Union, Bedford, Massachusetts. _1/

St. Louis Bank of Marshall County, Benton, Kentucky, proposal to merge with Marshall County Bank, Inc . , Benton, Kentucky; report to the Federal Deposit Insurance Corporation on competitive factors. \J

Dal las Brazosport Bank of Texas, Freeport, Texas, proposed merger with New Brazosport Bank of Texas, Freeport, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

T7 Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 24 3 -

ACTIONS OF THE BQARD-Continued

Chicago Farmers State Bank of Henry County, Middletown, Indiana, for approval to merge with Union State Bank, Sulphur Springs, Indiana, under the charter of Farmers State Bank of Henry County, and t i t l e of F i rs t United Bank; report to the Federal Deposit Insurance Corporation on competitive factors, j y

Philadelphia Farmers Trust Company, Car l is le , Pennsylvania, proposal to merge with Farmers Trust Interim Bank under the t i t l e of the former and the charter of the l a t t e r ; report to the Federal Deposit Insurance Cororation on competitive factors. J7

Chicago F ide l i ty Bank of Indiana, Carmel, Indiana, applicaton for pr ior approval to merge with Hamilton County Bank, Cicero, Indiana, under the charter and t i t l e of The F ide l i ty Bank of Indiana; report to the Comptroller of the Currency on competitive factors. 1/

San Francisco

Dal las

New York

Philadelphia

San Francisco

St. Louis

1st Business Merger Corporation, Los Angeles, Cal i forn ia, pro-posed merger with 1st Business Bank, Los Angeles, Cal i forn ia, under the charter and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competitive factors, y

F i rs t Capitol Bank, West Columbia, Texas, proposed merger with New F i rs t Capitol Bank, West Columbia, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. _!/

F i rs t Jersey National Bank, Jersey Ci ty , New Jersey, proposal to purchase certain assets and assume certain l i a b i l i t i e s of F i rs t Peoples Bank of New Jersey, Haddon Township, New Jersey; report to the Comptroller of the Currency on competitive factors. 1/

F i rs t Jersey National Bank/South, Medford Lakes, New Jersey, proposal to purchase certain assets of F i rs t Peoples Bank of New Jersey, Haddon Township, New Jersey, under the t i t l e and charter of The First Jersey National Bank/South; report to the Comptroller of the Currency on competitive factors. J7

Fi rst Los Angeles Bank, Los Angeles, Cal i forn ia , proposed merger with IBSP Newco, Inc. , Los Angeles, Cal i forn ia , under the charter and t i t l e of the former; report to the Federal Deposit Insurance Corporation on competitive factors. \J

Firs t State Bank of Covington, Covington, Tennessee, proposal to merge with F i rs t State Interim Bank, Covington, Tennessee; report to the Federal Deposit Insurance Corporation on competitive factors. 1/


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

H.2, 1982 No. 24 - 4 -


St. Louis Greene County National Bank, Linton, Indiana, proposal to merge with Cit izens' National Bank of Linton, Linton, Indiana; report to the Comptroller of the Currency on competitive factors. \ j

Dallas Hal torn City State Bank, Hal torn Ci ty , Texas, proposed merger with Belknap Street Bank, Hal torn Ci ty , Texas; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

Dallas Interim New Bruaunfels National Bank, New Braunfels, Texas, pro-posed merger with New Braunfels National Bank, New Braunfels, Texas; report to the Comptroller of the Currency on competitive factors. 1/

Dallas Kilgore F i rs t National Bank, Ki lgore, Texas, proposed merger with New Kilgore F i rs t State Bank, Ki lgore, Texas; report to the Federal Deposit Insurance Corporation on competitive factors . JV

Atlanta Lighthouse National Bank, Jup i ter , Flor ida, proposed merger with LNB National Bank, Jupi ter , Flor ida; report to the Comptroller of the Currency on competitive factors. 1/

Chicago St. Cla i r Shores National Bank, St. Clai r Shores, Michigan, approval to merge with The Bank of St. C la i r , St. C la i r , Michigan, under the charter and t i t l e of Security Bank St. C la i r Shores; report to the Comptroller of the Currency on competitive factors. _1/

Dallas State Bank & Trust Company, Beevi l le, Texas, proposed merger with New State Bank & Trust Company, Beevi l le, Texas; report to the Federal Deposit Insurance Corporation on competitive factors . 1/

) J Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 24 - 5 -


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

Approved Cleveland The Citizens Savings Bank Company, Pemberville, Ohio, to

establish a branch at 209 Bierley Avenue, Pemberville, Wood County, Ohio. V

Richmond St. Michaels Bank, St. Michaels, Maryland. To establish a branch at 113-114 Tidewater Inn, Harrison and Dover Streets, Easton, Maryland. 1/

Chicago Northwest Bank of Winnebago County, Rockford, I l l i n o i s , to establish a branch f a c i l i t y at 125 Phelps Avenue, Rockford, I l l i n o i s . 1/

San F i rs t Interstate Bank of Cal i forn ia , Los Angeles, Cal i forn ia , Francisco to establish a branch o f f i ce in the v i c i n i t y of intersect ion

of interstate Highway 10 and Haven Avenue, City of Ontario, San Bernardino County, Cal i forn ia. 1/

San F i rs t Interstate Bank of Cal i fo rn ia , Los Angeles, Cal i forn ia , Francisco to establish a branch o f f i ce in the v i c i n i t y of the in te r -

section of Grand Avenue and Ingraham Street, Community of Pacif ic Beach, City of San Diego, San D^ego County, Cal i forn ia . 1/

* * * * *

Chicago

Dal las

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

Not Disapproved Woodford Investment Company, Mason Ci ty , Iowa. 1/

Leon County Bancshares, Inc . , Buffalo, Texas. 1/


I


H.2, 1982 No. 24 - 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) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

Sixty Day Notification Period Waived The First National Bank of Boston, Boston, Massachusetts: no

objection to increase its capital contribution in Bank of Boston Canada.

Philadelphia International Bank, New York, New York: grants consent to acquire 1,000,000 shares of Hastings Deering Finance & Investment Company Limited of Lidcombe, New South Wales, Australia by PNB International Finance Co. -Australia Limited.

Rainier International Bank, Los Angeles, California: no objection to make an additional investment in Rainier International Finance Company, Ltd., Hong Kong, B.C.C.

Boston

Philadelphia

San Francisco

* * * * *

To Establish a U.S. Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act

Approved New York Manufacturers Hanover Trust Company, New York, New York, on

behalf of Manufacturers Hanover International Banking Corporation, Miami, Florida: grants consent to establish a branch 1n Boston, Massachusetts.

New York Manufacturers Hanover Trust Company, New York, New York, on behalf of Manufacturers Hanover International Banking Corporation, Miami, Florida: grants consent to establish a branch in San Francisco, California.

I


H.2, 1982 No. 24 - ? -


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

Approved New Yor* Banc* Commerciale Italiana, Milan, I ta ly , for approval to acquire

100 percent of the voting shares of LITCO Bancororation of New York, Inc., Garden City, New York and indirectly 100 percent of the voting shares of Long Island Trust Company, N.A., Garden City, New York.

Philadelphia Susquehanna Bancshares, Inc., L i t i t z , Pennsylvania, for approval to acquire 100 percent of the voting shares of Farmers First Bank, L i t i t z , Pennsylvania. \J

Cleveland F*-st Prestonsburg Bancshares, Inc., Prestonsburg, Kentucky, to acquire at least 83.3 percent of the voting shares of The First Commonwealth Bank of Prestonsburg, Prestonsburg, Kentucky. \J

Richmond Fidelity BancShares (N.C.), Inc., Fuquay-Varina, North Carolina, for aoproval to acquire 100 percent of the voting shares of the successor oy merger to The Fidelity Bank, Fuquay-Varina, North Carolina. 1/

Richmond Southern BancShares (N.C.), Inc., Mount Olive, North Carolina, for approval to acquire 100 percent of the voting shares of the successor by merger to Southern Bank and Trust Company, Mount Olive. North Carolina. V

Atlanta First American Acquisition Corp., Kingsport, Tennessee, for approval to acquire at least 50 percent of the voting shares of First Eastern National Bank, Kingsport, Tennessee, y

Atlanta N.F.B. Corporation, Madison, Florida, for approval to acquire at least 80 percent of the voting shares of Bank of Madison County, Madison, Florida. JV

Atlanta The Peoples National Bancorp, Inc., Shlebyville, Tennessee, for approval to acquire 100 percent of the voting shares of the successor by merger to National Bank of Shelbyville, Shelbyville, Tennessee. 1/

Chicago Decorah State Bank Holding Co., Decorah, Iowa, for approval to acquire 100 percent of the voting shares of the successor by me-ger to Decorah State Bank, Decorah, Iowa. 1/

1/ A?piication process?' or behalf of the Board of Governors under delegated ati fc i ic i ty.


H.2, 1982 No. 24 - 8 -


Chicago Maiden Bancorp, Inc., Maiden, I l l ino is , for approval to acquire at least 50 percent of the voting shares of The Farmers and Traders State Bank of Maiden, I l l ino is , Maiden, I l l inois . IJ

Chicago Southern Wisconsin Bancshares Corporation, Mineral Point, Wisconsin, for approval to acquire 90 percent or more of the voting shares of Farmers Savings Bank, Mineral Point, Wisconsin. 1/

Chicago United Community Financial Corporation, Way!and, Michigan, for approval to acquire 100 percent of the voting shares of the successor by merger to United Community Bank, Wayland, Michigan. JV

Kansas City Colorado River Bancorp, Clifton, Colorado, for approval to acquire 100 percent of the voting shares of Bank of Clifton, Clifton, Colorado. 1/

Kansas City First Securities Investment, Inc., Beaver, Oklahoma, for approval to acquire at least 89.91 percent of the voting shares of The First Security Bank, Beaver, Oklahoma. 1/

Kansas City

Dal las

Dallas

Dal las

F0UR-D, INC., Litchfield, Nebraska, for approval to acquire at least 83.3 percent of the voting shares of State Bank of Litchfield, Litchfield, Nebraska. IJ

First Alamogordo Bancorp, Inc., A1amogordo, New Mexico, for approval to acquire at least 80 percent of the voting shares of First National Bank in Alamogordo, Alamogordo, New Mexico. 1/

Highlands Bancshares, Inc., Highlands, Texas, for approval to acquire at least 93.5 percent of the voting shares of Highlands State Bank, Highlands, Texas. JL/

Troup Bancshares, Inc., Troup, Texas, for approval to acquire at least 80 percent of the voting shares of Troup Bank & Trust Company, Troup, Texas. 1/

San MBC Corp., Modesto, California, for approval to acquire 100 Francisco percent of the voting shares of Modesto Banking Company,

Modesto, California. 1/

San Professional Bancorp, Santa Monica, California, for approval Francisco to acquire 100 percent of the voting shares of First Professional

Bank of Los Angeles, N.A., Santa Monica, California, a proposed new bank.

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


H.2, 1982 No. 24 - 9 -


San State Bank of India, Bombay, India, for approval to acquire Francisco 100 percent of the voting shares of State Bank of India,

Los Angeles, Cal i forn ia , a proposed new bank. 1J

* * * * *

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

Withdrawn Atlanta E l l i s Banking Corporation, Bradenton, Flor ida, for approval

to acquire 51 percent or more of the voting shares of Port Charlotte Bank & Trust Company, Port Charlotte, Flor ida. 1/

Approved Atlanta F i rs t Bancgroup-Alabama, Inc. , Mobile, Alabama, for approval

to acquire 100 percent of the voting shares of The Fi rs t National Bank of Russel lv i l le , Russe l lv i l le , Alabama. 1/

Atlanta Southtrust Corporation, Birmingham, Alabama, for approval to acquire at least 90 percent of the voting shares of The F i rs t National Bank of Piedmont, Piedmont, Alabama. 1/

Minneapolis Montana Bancsystem, Inc . , B i l l i ngs , Montana, for approval to acquire at least 80 percent of the voting shares of Montana Bank of B i l l i ngs , B i l l i ngs , Montana. 1/

Kansas City

Dallas

Colorado National Bankshares, Inc . , Denver, Colorado, for approval to acquire 100 percent of the voting shares of Republic Bancorporation, Inc . , Englewood, Colorado and thereby ind i rec t l y acquire Republic National Bank of Englewood, Englewood, Colorado. 1/

F i rs t City Bancorporation of Texas, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Bank of Pasadena, Pasadena, Texas. 1/

Dal las F i rs t City Bancorporation of Texas, Inc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of McAllen State Bank, McAllen, Texas. 1/

Dallas Howl and Bancshares, Inc . , San Antonio, Texas, for approval to acquire at least 65.79 percent of the voting shares of the Bank of Robstown, Robstown, Texas. 1/



H.2, 1982 No. 24 - 10 -


Dallas Howl and Bancshares, Inc., San Antonio, Texas, for approval to acquire at least 76.84 percent of the voting shares of First State Bank and Trust Company, Port Lavaca, Texas. \J

Dallas North Texas Bancshares, Inc., North Richland Hi l ls, Texas, for approval to acquire 100 percent of the voting shares of Arlington State Bank, Arlington, Texas. JJ

Dallas State Bancshares, Inc., L i t t le f ie ld , Texas, for approval to acquire 58.78 percent of the voting shares of West Texas Bancshares, Inc., Muleshoe, Texas, and indirectly Muleshoe State Bank, Muleshoe, Texas. 1/

Dallas United Texas Financial Corporation, Wichita Falls, Texas, for approval to acquire 100 percent of the voting shares of The Farmers National Bank of Seymour, Seymour, Texas. 1/

* * * * *


Approved St. Louis Dixie Bancshares Corp., New Madrid, Missouri, for approval to

merge with Hunter Farms, Inc., New Madrid, Missouri, and thereby, indirectly acquire Peoples Bank of Li 1 bourn, Lilbourn, Missouri.

* * * * *

St. Louis

San Francisco

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

Approved Dixie Bancshares Corp., New Madrid, Missouri, for approval to

retain and service certain notes receivable. V

First Interstate Bancorp, Los Angeles, California, for approval to acquire 100 percent of the voting shares of Thomas L. Karsten Associates, Los Angeles, California. V

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


H.2, 1982 No. 24 - 1 1 -

ACTIONS OF THE UOARD-Continued

Delayed New York Manufacturers Hanover Corporation, New York, New York, requests

permission to relocate an existing o f f i ce and to expand the service area of the relocated o f f i ce engaging in the fol lowing activit ies (making or acquiring loans and other extensions of credit, secured or unsecured, such as would be made or acquired by a finance company under Tennessee State Law; and of fer ing credit related l i f e insurance and credit accident, health, and property insurance; the relocated o f f i ce w i l l serve customers in Hamilton, Marion, Bradley, Polk, McMinn, Rhea, Bledsoe, Grundy, Warren, Van Buren, Frankl in, Monroe, and Sequatchie Counties) from 811 Chestnut Street, Chattanooga, Tennessee to 4548 Brainerd Road, Chatanooga, Tennessee, through i t s sub-sidiary, Finance One of Tennessee, Inc. (6/9/82) 2/

New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the service area and ac t i v i t i es of an existing office (making or acquiring of d irect loans, secured or unsecured, such as would be made by a finance company; and acting as agent or broker for the sale of credi t l i f e insurance directly related to such lending a c t i v i t y ; previously approved activities include arranging, making or acquiring for i ts own account or for the account or others, loans and other extensions of credit secured by a homeowner's equity interest in a home such as would be made by a consumer finance company, servicing such loans and other extensions of credit for any person, and acting as an agent or broker for the sale of single and j o i n t credit l i f e insurance which is directly related to such loans and extensions of c red i t ; the service area for al l aforementioned previously approved and proposed activities would be expanded to include the entire State of Tennessee) at Centrum Bui lding, 6263 Popular Avenue, Memphis, Tennessee, through i t s subsidiary, Finance One of Tennessee, Inc. (6/9/82) 3/

New York Manufacturers Hanover Corporation, New York, New York, to engage through its indirect subsidiaries, Ritter L i fe Insurance Company and Tempco Life Insurance Company, in the activity of reinsuring certain types of credit related insurance sold in connection with extensions of credit by Applicant's indi rect consumer finance subsidiaries in the State of Connecticut (6/10/82) 3/

J7 4(c)(8) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2, 1982 No. 24 - 12 -


Reactivated Dallas South Texas Bancshares, inc., Beevllle, Texas, notification

of intent to engage in de novo activit ies (operating as a credit reinsurance company and wil l assume credit l i f e and disability Insurance business directly related to its extensions of credit) at 100 South Washington, Beevllle, Texas and 103 North Highway 359, Mathis, Texas, the geographic areas to be served will be Bee and San Patricia Counties, through its subsidiary, South Texas Bankers Life Insurance Company (6/8/82) 3/

Permitted New York Barclays Bank Limited, and Barclays Bank International Limited,

both of London, England, requests permission to relocate an existing office engaging in the following activit ies (marketing and administering commercial loans secured by accounts receivable, Inventory and chattel mortgages, to customers in Texas, Arkansas, Louisiana and New Mexico) from One Main Place, Dallas, Texas, to 3500 Oaklawn Avenue, Dallas, Texas, through their subsidiary, BarclaysAmerica/Business Credit, Inc. (6/5/82) 3/

New York Citicorp, New York, New York, requests permission to expand the activities of an existing office (in the making of loans to United States exporters to finance purchases of goods and services of United States manufacture or origin and/or costs incidental thereto) at 399 Park Avenue, New York, New York, through its subsidiary, Citicorp Export Credit Corporation (6/11/82) 3/

New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the service area and activities of an existing office (making or acquiring of direct loans, secured or unsecured, such as would be made by a finance company; and acting as agent or broker for the sale of credit l i f e insurance directly related to such lending activity; previously approved activities include arranging, making or acquiring for Its own account or for the account of others, loans and other ex-tensions of credit secured by a homeowner's equity interest in a home such as would be made by a consumer finance company, servicing such loans and other extensions of credit for any person, acting as an agent or broker for the sale of single and joint credit l i f e insurance which is directly related to such loans and extensions of credit; and purchasing instal l -ment sales finance contracts and acting as an agent or broker

17 4(c)(8) notification processed by Reserve Bank on behalf of the Board of Governors under delegated autority.


H.2, 1982 No. 24 - 13 -


for the sale of single and j o i n t credi t l i f e insurance and credi t accident and health insurance which is d i rec t ly related to such loans and extensions of c red i t ; the service area for a l l aforementioned previously approved and proposed ac t i v i t i es would be expanded to include the ent i re State of New Jersey) at Central Square Off ice #1, Central Avenue & New Road Route 9, Linwood, New Jersey, through i t s subsidiary, Finance One of New Jersey, Inc. (6/9/82) 3/

New York Manufacturers Hanover Corporation, New York, New York, to engage through i t s indirect subsidiaries, Ri t ter L i fe Insurance Company and Tempco L i fe Insurance Company, in the ac t i v i t y of reinsuring certain types of credi t related insurance sold in consumer finance subsidiaries in the State of Connecticut, Kentucky, Oregon, and Washington (6/10/82) 3/

New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the service area and ac t i v i t i es of an exist ing o f f i ce (making or acquiring of direct loans, secured or unsecured, such as would be made by a finance company; and acting as agent or broker for the sale of credi t l i f e insurance d i rec t l y related to such lending a c t i v i t y ; previously approved ac t i v i t i es include purchasing installment sales finance contracts, and acting as agent or broker for the sale of single credit l i f e insurance and credi t accident and health insurance which is d i rec t l y related to such loans and extensions of c red i t ; pur-chasing motor vehicle sales finance contracts, and the sale of credi t l i f e insurance d i rec t l y related to such lending a c t i v i t y ; arranging, making or acquiring fo r i t s own account or for the account of others, loans and other extensions of credi t secured by a homeowner's equity interest in a home such as would be made by a consumer finance company, servicing such loans and other extensions of credi t for any person, and acting as agent or broker for the sale of single credi t l i f e insurance which is d i rec t l y related to such loans and extensions of c red i t ; the service area for a l l aforementioned previously approved and proposed ac t i v i t i es would be expanded to include the ent i re State of Alabama) at Independence Drive & 29th Avenue, South, Homewood, Alabama, through i t s subsidiary, Finance One of Alabama, Inc. (6/9/82) 3/

37 %Tc;(8) no t i f i ca t ion processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty.


H.2, 1982 No. 24 - 14 -


New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the service area and a c t i v i t i e s of an ex is t ing o f f i c e (making or acquir ing of d i rec t loans, secured or unsecured, such as would be made by a finance company; and act ing as agent or broker for the sale of c red i t l i f e insurance d i r e c t l y related to such lending a c t i v i t y ; previously approved a c t i v i t i e s include arranging, making, acquir ing, or serv ic ing, for i t s own account or for the account of others, loans and other extensions of c red i t secured by an equity in terest in a home; and act ing as agent or broker for the sale of c red i t l i f e and c red i t accident and health insurance; purchasing intal lment sales finance contracts, and act ing as agent or broker fo r the sale of c red i t related l i f e and accident and health insurance; the service area fo r a l l aforementioned pre-viously approved and proposed a c t i v i t i e s would be expanded to include the en t i re State of F lor ida) at Paragon Center, 5201 W. Kennedy Boulevard, Tampa, F lor ida , through i t s sub-s i d i a r y , Finance One of F lor ida , Inc. (6/9/82) ZJ

New York Peoples Bancorp, B e l l e v i l l e , New Jersey, requests permission to establ ish a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (processing data and safekeeping of documents at i t s New Jersey Off ice involv ing t h i r d party automobile leases; the company w i l l report on payments and compliance by the borrower and insure the f i l i n g of vehicle reg is t ra t ions and t i t l e documents on behalf of the lessor and lender; the company w i l l also obtain proof of insurance and remit sales taxes to various j u r i sd i c t i ons ) at 237 Washington Avenue, B e l l e v i l l e , New Jersey, serving the States of New York, New Jersey and Connecticut through i t s subsidiary, Peoples Financial Services Corp. (6/11/82) 3/

Richmond Maryland National Corporation, Balt imore, Maryland, no t i f i ca t i on of in tent to engage i n de novo a c t i v i t i e s (engaging generally in the business of a mortgage banker, mortgage broker and mortgage servic ing f i r m , including but not l im i ted t o , second mortgage f inancing; o r i g ina t i ng , buying, se l l i ng and otherwise dealing in mortgage loans as pr inc ipa l or agent; servic ing mortgage loan and second mortgage loan transact ions; making or acquir ing, fo r i t s own account or for the account of others, loans and other extensions of c red i t such as would be made by a finance company or consumer finance company, making or acquir ing, for i t s own account or fo r the account of others, loans and other extensions of c red i t such as would be made by a c red i t card company; engaging generally in the business of leasing personal property, including but not l im i ted t o , the

37 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 author i ty .


H.2, 1982 No. 24 - 15 -


leasing or various types of equipment, machinery, vehicles, transportat ion equipment and data processing equipment; o r ig inat ing, buying, se l l ing or otherwise dealing in consumer finance paper, sales finance paper, credi t card receivables and personal property leases as principal or agent; servicing consumer finance, sales finance and credi t card receivables, and personal property leases for a f f i l i a t e d or nonaf f i l ia ted en t i t i e s ; and engaging in the sale as agent of credit l i f e , credi t d i s a b i l i t y , credi t accident and health, loan redemption and lean cancellation insurance in connection with extensions of credi t by bank and nonbank subsidiaries of the holding company; loan redemption and loan cancellation insurance w i l l be l imi ted to decreasing term pol ic ies and w i l l not include level term pol ic ies) at 153 East Chestnut H i l l Road, Newark, Delaware, through i t s subsidiary, National Consumer Discount Company (6/10/82) 3/

Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (venture capital in-vestment , including secured and unsecured lending investments) at 1730 Midwest Plaza Building, Minneapolis, Minnesota; 1300 S.W. F i f t h Avenue, Suite 3018, Portland, Oregon, and 7625 West F i f t h Avenue, Suite 202, Lakewood, Colorado, through a subsidiary, Northwest Growth Capital , Inc. (6/14/82) 3/

Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (making or acquiring loans or other extensions of credi t such as would be made by a commercial finance company, including loans secured by borrower's inventory, accounts receivable, or other assets; servicing such loans for others; and making leases of personal property in accordance with the Board's Regulation Y) at Seventh and Walnut Streets, Des Moines, Iowa, serving Iowa, Nebraska, Kansas, Missouri, I l l i n o i s and South Dakota, through i t s subsidiary, Banco Financial Corporation (6/7/82) 3/

Dallas South Texas Bancshares, Inc . , Beevi l le, Texas, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (operating as a credi t reinsurance company and w i l l assume credi t l i f e and d i sab i l i t y insurance business d i rec t l y related to i t s extensions of cred i t ) at 100 South Washington, Beevi l le, Texas and 103 North Highway 359, Mathis, Texas, the geographic areas to be served w i l l be Bee and San Patr ic ia Counties, through i t s subsidiary, South Texas Bankers L i fe Insurance Company (6/8/24) 3/

7J Hc)[iS) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under deleg ited author i ty .


H.2, 1982 No. 24 - 16 -

San Francisco

San Francisco

San Francisco


BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo act iv i t ies (making or acquiring for i ts own account loans and other extensions of credit such as would be made or acquired by a finance company; servicing loans and other extensions of credit; and offering credit-related l i f e insurance, credit-related accident and health insurance, and credit-related property insurance in each state except California, where credit-related property insurance wi l l not be offered; such act ivi t ies wi l l include, but not be limited to , making consumer installment loans, purchasing installment sales finance contracts, making loans and other extensions of credit to small businesses, making loans and other extensions of credit secured by real and personal property, and offering credit-related l i f e , credit-related accident and health and credit-related property insurance, except where otherwise noted above, directly related to extensions cf credit made or acquired by each of the three corporations) at 9011 S. W. Beaverton - Hillsdale Highway, Portland, Oregon, serving the entire States of Oregon, California and Washington; 3017 N. Cole Road, Boise, Idaho, serving the entire States of Idaho, Oregon and Montana and 3001 Henderson Drive, Suite N, Cheyenne, Wyoming, serving the entire States of Wyoming, Montana and Nebraska, through i ts indirect subsidiaries, FinanceAmerica Corporation (an Idaho Corporation), FinanceAmerica Corporation (an Oregon Corpora-t ion) and FinanceAmerica Corporation (a Wyoming Corporation) (6/12/82) 3/

Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo act iv i t ies (financing, leasing and servicing act ivi t ies with respect to personal property and equipment and real property) at 30 South Cayuga Street, Wi1liamsville, New York, serving the State of New York, through i ts subsidiary, Security Pacific Leasing Corporation (6/12/82) 3/

Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo act iv i t ies (making, acquiring and servicing loans anfother extensions of credit; selling and issuing investment cert i f icates; and acting as agent for the sale of credit-related property insurance, as authorized by California law) at 591 Camino De La Reina, Suite 909, San Diego, California; 400 North Tustin, Suite 110, Santa Ana, California and 528 East Main Street, Suite 530, Santa Maria, California, serving the State of California, through i ts sub-sidiary, Security Pacific Finance Money Center Inc. (6/7/82) V

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


H.2, 1982 No. 24 - 1 7 -


San U.S. Bancorp, Portland, Oregon, no t i f i ca t ion of intent to engage Francisco 1n de novo activit ies (making, acquiring and servicing of loans

and otherextensions of credit secured by real estate mortgages for i ts own account or for the account of others, including, but not limited to, f i rs t and second mortgage loans, commercial, Income and business loans; acting as insurance agent with regard to credit l i f e and disability insurance solely in connection with extensions of credit by Creditcorp and to perform real estate appraisals in conformance with the provisions of Section 225.4(a)(1), 225.4(a)(2), 225.4(a) (9) ( i ) (a ) , and 225.4(a)(14) of Regulation Y) at Phoenix, Arizona wi th in an area bounded by Thomas Road on the south, McDonald Drive and extension of McDonald Drive on the north, 24th Street on the west and 60th Street on the east, the geographic area to be served w i l l be principally Phoenix and Maricopa County, Arizona, through i t s subsidiary, U.S. Creditcorp (6/5/82) 3/

Wells Fargo 8 Company, San Francisco, Ca l i fo rn ia , no t i f i ca t ion of Intent to engage in de novo a c t i v i t i e s ((1) making or acquiring real estate related loans and other extensions of credi t for i ts own account or for the account of others; (2) servicing the loans and extensions of credit described in (1) above) at 572 E. Green Street, Pasadena, Ca l i fo rn ia , serving the ent i re United States, through its subsidiary, Wells Fargo Realty Services, Inc. (6/12/82) 3/

San Francisco

17 4(c)(9) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2, 1982 No. 24 18 -

New York

Philadelphia

Richmond

San Francisco

APPLICATIONS RECEIVED

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

United Jersey Bank, Hackensack, New Jersey, to establish an offsite electronic faci l i ty at Sony Corporation of America, Sony Drive, Park Ridge, New Jersey. 2/

United Jersey Bank/Southwest, Cherry H i l l , New Jersey, to establish an offsite electronic faci l i ty at the Sony Corporation of America, Sony Drive, Park Ridge, New Jersey. 2/

Bank of Virginia, Richmond, Virginia, to establish a CBCT at Chent Village Shoppes, 1355-K DeBree Avenue, Norfolk, Virginia.

First Interstate Bank of California, Los Angeles, California, to establish a branch office in the vicinity of the intersection of Tracy Boulevard and Eleventh Street, City of Tracy, San Joaquin County, California. 2/

* * * * *

Dal las

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

Midland Amrican Bank, Midland, Texas. 2/

* * * * *

Dallas

San Francisco

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) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

First City Bancorporation of Texas, Inc., Houston, Texas: prior notification of intent to establish a commercial finance subsidiary in Curacao, Netherlands Antilles.

First Interstate Bancorp, Los Angeles, California: prior no-t i f icat ion of Its Intent to establish an offshore financing subsidiary in the Netherlands Antilles, to be named First Interstate Overseas N.V.

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. 24 - 19 -

APPLICATIONS RECEIVED-Continued

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

Cleveland F i rs t National Company, P ikev i l l e , Kentucky, for approval to acquire 100 percent of the voting shares of The First National Bank of P ikev i l le , P ikev i l le , Kentucky. 2]

Cleveland Princeton Bank Holding Company, Princeton, West V i rg in ia , for approval to acquire 100 percent of the voting shares of the successor by merger to Princeton Bank & Trust Company, Princeton, West V i rg in ia . 2/

Richmond 0MB Financial, Inc. , Clarksburg, West V i rg in ia , for approval to acquire at least 80 percent of the voting shares of The Oak Mound Bank, Clarksburg, West Vi rg in ia. 2/

Atlanta Fi rst Farmers and Merchants Corporation, Columbia, Tennessee, for approval to acquire 100 percent of the voting shares of F i rs t Farmers and Merchants National Bank of Columbia, Columbia, Tennessee. 2/

Chicago Union-Calhoun Investments, L td . , Rockwell C i ty , Iowa, for approval to acquire at least 80.8 percent of the voting shares of Union State Bank, Rockwell C i ty , Iowa. 2/

St. Louis Benton Bancorp, Inc . , Benton, Kentucky, for approval to acquire 100 percent (less di rectors ' qual i fy ing shares) of the voting shares of successor by merger to Bank of Benton, Benton, Kentucky. 2/

St. Louis Cit izens' National Corporation, Linton, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to Cit izens' National Bank of Linton, Linton, Indiana. 2/

Minneapolis Oliver Bancorporation, Inc . , Center, North Dakota, for approval to acquire at least 80 percent of the voting shares of the State Bank of Oliver County, Center, North Dakota. 2/

Kansas City

San Francisco

SNB Bancshares, Inc . , Eufaula, Oklahoma, for approval to acquire at least 51.60 percent of the voting shares of The State National Bank of Eufaula, Eufaula, Oklahoma. 2/

F i rs t National Corporation, San Diego, Cal i forn ia, for ap-proval to acquire 100 percent of the voting shares of the successor by merger to F i rs t National Bank of San Diego County, San Diego, Cal i forn ia. 2J

2/ Application subject to Community Reinvestment Act. The Community Af fa i rs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.

1


H.2, 1982 No. 24 - 20 -


San Townco Bancorp, Seal Beach, California, for approval to Francisco acquire 100 percent of the voting shares of Garden Grove

Community Bank, Garden Grove, California. 2J

* * * * *


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

Atlanta Tennessee National Bancshares, Inc., Maryville, Tennessee, for approval to acquire at least 21.0 percent of the voting shares of Tennessee State Bank, Gatlinburg, Tennessee. 2J

Chicago Antioch Holding Company, Antioch, I l l ino is , for approval to acquire 100 percent of the voting shares of New Lenox Holding Company, New Lenox, I l l inois and indirectly New Lenox State Bank, New Lenox, I l l ino is ; Wesco Investment Corporation, La Grange, I l l inois and indirectly West Chicago State Bank, West Chicago, I l l inois; and F.N.B.C. of La Grange, La Grange, I l l inois and indirectly First National Bank of La Grange, La Grange, I l l inois . 2/

Chicago Community Banks, Inc., Middleton, Wisconsin, for approval to acquire 100 percent of the voting shares of Badger Bankshares Corporation, Monona, Wisconsin and indirectly Monona-Grove State Bank, Monona, Wisconsin. 2J

Chicago Northern Trust Corporation, Chicago, I l l ino is , for approval to acquire 100 percent of the voting shares (less di-rectors' qualifying shares) of the successor by merger to Northern Trust Bank of Florida N.A., Miami, Florida, a proposed new bank. 2J

Chicago Transworld Corp., Lake Forest, I l l ino is , for approval to acquire up to 33 percent of the voting shares of Dempster Plaza State Bank, Niles, I l l ino is . 2/



H.2, 1982 No. 24 - 21 -


Kansas City Colorado National Bankshares, Inc., Denver, Colorado, for approval to acquire 100 percent of the voting shares of The Exchange National Bank of Colorado Springs, Colorado Springs, Colorado. 2/

Kansas City Riverton State Bank Holding Company, Riverton, Wyoming, for approval to acquire 100 percent of the voting shares of Dubois National Bank, Dubois, Wyoming. 2J

* * * * *

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

New York Citicorp, New York, New York, for approval to acquire 100 percent of the voting shares of Drum Savings and Invest-ment Company of Douglas County, Inc., Omaha, Nebraska.

New York Citicorp, New York, New York, requests permission to estab-lish a de novo office of i ts subsidiary, Citicorp Home-owners , Inc. ("CHI"), and to expand the activit ies of an existing office of i ts subsidiary, Citicorp Person-to-Person Financial Center, Inc. ("CPFC") at the same location, the proposed activities in which CPFC will engage in are (the making, acquiring and servicing, for its own account and for the account of others, of extensions of credit to individuals secured by liens on residential or non-residential real estate; and the sale of mortgage l i fe and mortgage disability insurance directly related to extensions of mortgage loans; the proposed service area for the aforementioned activit ies shall be comprised of the entire State of Georgia; the proposed activities in which the de novo office of CHI wil l engage are: the making or acquiring of loans and other extensions of credit, secured or unsecured, for consumers and other purposes; the making, acquiring and servicing for i ts own account and for the account of others, of extensions of credit to individuals secured by liens on residential or non-residential real estate; the sale of credit related l i f e and accident and health or decreasing or level (in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of



H.2, 1982 No. 24 - 22 -

APPLICATIONS HECEIVED-Continued

mortgage l i f e and mortgage d i s a b i l i t y insurance d i rec t l y related to extensions of mortgage loans; the sale of consumer oriented f inanc ia l management courses; and the serv ic ing, for any person, of loans and other extensions of c r e d i t ; the proposed service area of the de novo o f f i ce of CHI shal l be comprised of the en t i re State of Georgia fo r a l l the aforementioned a c t i v i t i e s ; c red i t related l i f e * accident and health insurance may be wr i t ten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of CPFC and CHI) at 5575 Peachtree Dunwoody Road, At lan ta , Georgia, through i t s subsid iar ies, Ci t icorp Homeowners, Inc. and Ci t icorp Person-to-Person Financial Center, Inc. (6/8/82)

New York C i t i co rp , New York, New York, requests permission to estab-l i sh a de novo o f f i c e of i t s subsidiary, C i t icorp Home-owners , Inc. ("CHI") and to expand the a c t i v i t i e s of an ex is t ing o f f i c e of i t s subsidiary, C i t i corp Person-to-Person Financial Center of F lor ida, Inc. ("CPFC") at the same locat ions, the a c t i v i t i e s in which the proposed de novo o f f i c e of CHI w i l l engage are (the making or acquir-ing of loans and other extensions of c r e d i t , secured or unsecured, fo r consumer and other purposes; the sale of c red i t related l i f e and accident and health or decreas-ing or level ( i n the case of s ingle payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inanc ia l management courses; the serv ic ing, fo r any person, of loans and other exten-sions of c r e d i t ; the making, acquir ing and serv ic ing, for i t s own account and fo r the account of others, of exten-sions of c red i t to ind iv iduals secured by l iens on res ident ia l or non-resident ial real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i -rec t l y re lated to extensions of mortgage loans; the pro-posed service area for the de novo o f f i c e shal l be comprised of the en t i re State of Flor ida for a l l the aforementioned a c t i v i t i e s ; the new a c t i v i t i e s in which CPFC proposes to engage de novo are: the making, acquir-ing and serv ic ing, fo r i t s own account and for the ac-count of others, of extensions of c red i t to indiv iduals secured by l iens on res ident ia l or non-resident ial real estate; and the sale of mortgage l i f e and mortgage d is-a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans; the proposed service area for the aforementioned a c t i v i t i e s shal l be comprised of the en t i re State of F lo r ida ; c red i t related l i f e , accident and health insurance may be wr i t ten by Family Guardian


H.2, 1982No. 24 - 2 3 -


L i fe Insurance Company, an a f f i l i a t e of CHI and CPFC) at 7261 U.S. 19th North, Pinellas Park, Flor ida, through i t s subsidiar ies, Cit icorp Homeowners, Inc. and Cit icorp Person-to-Person Financial Center of Flor ida, Inc. (6/11/82)

New York Ci t icorp, New York, New York, requests permission to estab-l ish a de novo o f f i ce of i t s subsidiary, Cit icorp Home-owners, Inc. ("CHI") and to expand the ac t i v i t i es of an exist ing o f f i ce of i t s subsidiary, Cit icorp Person-to-Person Financial Center, Inc. ("CPFC") at the same loca-t i on , the ac t i v i t i es in which the de novo o f f i ce of CHI w i l l engage are (the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the making, acquiring and servicing for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on residential or non-residential real estate; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of mortgage l i f e and mortgage dis-a b i l i t y insurance d i rec t l y related to extensions of mortgage loans; the sale of consumer oriented f inancial management courses; and the servicing, for any person, of loans and other extensions of c red i t ; the proposed service area of CHI shall be comprised of the ent i re State of Alabama for a l l the aforementioned a c t i v i t i e s ; the new ac t i v i t i e s in which the exist ing o f f i ce of CPFC proposes to engage de novo are: the making, acquiring and servic ing, fo r Us own account and for the account of others, of extensions of credi t to individuals secured by l iens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortage loans; the proposed service area for the aforementioned ac t i v i t i e s shall be comprised of the ent i re State of Alabama; credi t related l i f e , accident, and health insurance may be wr i t ten by Family Guardian Li fe Insur-ance Company, an a f f i l i a t e of CHI and CPFC) at 3724 Lorna Road, Birmingham, Alabama, through i t s subsidiaries, Ci t icorp Homeowners, Inc. and Cit icorp Person-to-Person Financial Center, Inc. (6/9/82)

New York Ci t icorp, New York, New York, requests permission to estab-l i sh a de novo o f f i ce of i t s subsidiary, Cit icorp Home-owners , Inc. ("CHI") and to expand the ac t i v i t i es and ser-vice area of an exist ing o f f i ce of i t s subsidiary, Cit icorp Person-to-Person Financial Center, Inc. ("CPFC") at the

i


H.2, 1982 No. 24 - 2 4 -


same locat ion; the ac t i v i t i es in which the proposed de novo o f f i ce of CHI w i l l engage are (the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other pur-poses; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; the servicing for any person, of loans and other extensions of c red i t ; the making, acquiring and servicing, f o r i t s own account and for the account of others of exten-sions of credi t to individuals secured by l iens on resident ial or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t ly related to extensions of mortgage loans; the proposed service area of CHI shall be comprised of the ent i re State of Alabama for a l l the aforementioned a c t i v i t i e s ; the new ac t i v i t i es in which the o f f i ce of CPFC proposes to engage de novo are: the making, acquiring and servicing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on residential or non-resident ial real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service are for the aforementioned proposed ac t i v i t i es shall be comprised of the ent i re State of Alabama, the proposed expanded service area of CPFC shall be comprised of the ent i re State of Alabama for a portion of i t s previously approved a c t i v i t i e s , spec i f i ca l l y , the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory ( f loor planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; and the servicing, for any person, of loans and other extensions of c red i t ; credi t related l i f e , accident and health insurance may be wr i t ten by Family Guardian Li fe Insurance Company, an a f f i l i a t e of CHI and CPFC) at #12 North 20th Street, Birmingham, Alabama, through i t s subsid-ia r ies , Cit icorp Homeowners, Inc. and Cit icorp Person-to-Person Financial Center, Inc. (6/9/82)


H.2, 1982 No. 24 - 25 -


New York Ci t icorp , New York, New York, requests permission to estab-l i sh jje novo of f ices of i t s subsidiary, Cit icorp Home-owners, Inc. ("CHI") and to expand the ac t i v i t i es and service area of eight exist ing of f ices of i t s subsid-ia ry , Cit icorp Person-to-Person Financial Center, Inc. ("CPFC") at the same locations, the ac t i v i t i es to be engaged in by the de novo of f ices of CHI w i l l include (the making or acqu i r ingo f loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the making, acquiring and servicing for i t s own account and for the account of others, extensions of of credi t to individuals secured by l iens on resident ial or non-residential real estate; the sale of credi t re-lated l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t ly related to extensions of mortgage loans; the sale of consumer oriented f inancial management courses; and the servic ing, for any person, of loans and other extensions of c red i t ; the proposed service area of the de novo of f ices shall be comprised of the ent i re States of Arizona, Nevada and New Mexico for a l l the aforementioned a c t i v i t i e s ; the new ac t i v i t i es in which the CPFC of f ices propose to engage de novo are: the making, acquiring and servicing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area for the aforementioned proposed ac t i v i t i e s shall be comprised of the ent ire States of Arizona, Nevada and New Mexico; the proposed expanded service area of the CPFC of f ices shall include the ent i re States of Arizona, Nevada and New Mexico for a portion of the i r previously approved a c t i v i t i e s ; spec i f i ca l l y , the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; and the servicing, for any person, of loans and other extensions of c red i t ; in regard to credi t related insurance, the business of a general insurance agency w i l l not be conducted; credi t related decreasing term l i f e insurance and accident and health insurance may be underwritten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of CPFC and CHI) at 7260


H.2, 1982 No. 24 - 26 -


E. Indian School Road, Scottsdale, Arizona; 9861 Metto Parkway West, Phoenix, Arizona; 2077 East Camel back Road, Phoenix, Arizona; 111 E. Missouri Avenue, Phoenix, Arizona; T r i -C i t y Mal l , 1836 West Main Street, Mesa, Arizona; Thomas Mal l , 4421 A East Thomas Road, Phoenix, Arizona; 143 Valley West Mal l , 5719 West Northern Avenue, Glendale, Arizona; and Chris Town Shopping Center, 1558 West Montebello, Phoenix, Arizona, through i t s subsid-i a r i e s , C i t i corp Homeowners, Inc. and Ci t icorp Person-to-Person Financial Center, Inc. (6/7/82)

New York C i t i co rp , New York, New York, requests permission to estab-l i sh four de novo o f f i ces of i t s subsidiary, Ci t icorp Homeowners, Inc. ("CHI") and to expand the a c t i v i t i e s and service area of four ex is t ing o f f i ces of i t s subsidiary, C i t i corp Person-to-Person Financial Center, Inc. ("CPFC") at the same locat ions, the a c t i v i t i e s in which the pro-posed de novo of ices of CHI w i l l engage are (the making or acquir ing of loans and other extensions of c red i t secured or unsecured, fo r consumer and other purposes; the sale of c red i t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as requested; the sale of consumer oriented f inancia l management courses; the serv ic ing, for any person of loans and other extensions of c r e d i t ; the making, acquir-ing, and serv ic ing, fo r i t s own account and for the account of others, of extensions of c red i t to ind iv iduals secured by l iens on res ident ia l or non-res ident ia l real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r ec t l y related to extensions of mortgage loans; the proposed service area of the de novo o f f i ces of CHI shal l be comprised of the en t i re "State of Ca l i fo rn ia fo r a l l the aforementioned a c t i v i t i e s ; the new a c t i v i t i e s in which the o f f ices of CPFC propose to engage de novo are: the making, acquir-ing , and serv ic ing, f o r T t s own account and for the account of others, of extensions of c red i t to indiv iduals secured by l iens on res ident ia l or non-resident ial real estate; and the sale of mortgage l i f e and mortgage d is-a b i l i t y insurance d i r ec t l y related to extensions of mortgage loans; the proposed service area of each of the CPFC o f f i ces fo r the aforementioned proposed a c t i v i t i e s shal l be comprised of the ent i re State of Ca l i f o rn ia ; the proposed expanded service area of the CPFC o f f i ces shal l include the ent i re State of Ca l i -forn ia fo r the port ion of t h e i r previously approved a c t i v i t i e s , s p e c i f i c a l l y , the making or acquiring of

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

H.2, 1982 No. 24 - 27 -


loans and other extensions of c red i t , secured or un-secured, for consumer and other purposes; the exten-sion of loans to dealers for the financing of inventory ( f loor planning) and working capital purposes; the pur-chasing and servicing for i ts own account of sales finance contracts; the sale of credit related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses and the servic ing, for any person, of loans and other exten-sions of c red i t ; credi t related l i f e , accident and health insurance may be wr i t ten by Family Guardian L i fe Insurance Company, an a f f i l i a t e of CPFC and CHI) at Four Seasons Off ice Bui lding, 4827 Sepulveda Blvd., Suite 100, Sherman Oaks, Cal i forn ia; 119 North Central Avenue, Glendale, Cal i forn ia ; Vanir Tower City Mall Plaza, 290 N. "D" Street, Suite 804, San Bernardino, Ca l i fo rn ia ; and 21707 Hawthorne Blvd., Suite 106, Torrance, Cal i fo rn ia , through i t s subsidiar ies, Cit icorp Homeowners, Inc. and Ci t icorp Person-to-Person Financial Center, Inc. (6/8/82)

New York Ci t icorp , New York, New York, requests permission to estab-l i sh four de novo of f ices of i t s subsidiary, Cit icorp Homeowners, Inc. ("CHI") and to expand the ac t i v i t i es and service area of four exist ing of f ices of i t s subsidiary, Ci t icorp Person-to-Person Financial Center of Flor ida, Inc. ("CPFC") at those same locat ions, the ac t i v i t i es in which the de novo of f ices of CHI propose to engage are (the making or acquiring of loans and other exten-sions of c red i t , secured or unsecured, for consumer and other purposes; the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; the servic ing, for any person, of loans and other exten-sions of c red i t ; the making, acquiring and servicing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on resident ial or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area of each of the de novo of f ices of CHI shal l be comprised of the ent i re State of Florida for a l l the aforementioned proposed a c t i v i t i e s ; the

1


I

H.2, 1982 No. 24 - 28 -

APPLICATIONS RECEIVEP-Continued

previously approved ac t i v i t i es in which the of f ices of CPFC engage are as fol lows: the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory ( f loor planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts and the sale of credi t related l i f e and accident and health or decreasing or level ( in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented f inancial management courses; and the servicing, for any person of loans and other extensions of c red i t ; the new ac t i v i t i e s in which the of f ices of CPFC propose to engage de novo are: the making, acquiring and servicing, for i t s own account and for the account of others, of extensions of credi t to individuals secured by l iens on resident ial or non-residential real estate; and the sale of mortgage l i f e and mortgage d i sab i l i t y insurance d i rec t l y related to extensions of mortgage loans; the proposed service area for each CPFC o f f i ce for a l l previously approved ac t i v i t i es shall be comprised of the ent i re State of Flor ida; credi t related l i f e , acci-dent and health insurance may be wri t ten by Family Guardian Li fe Insurance Company, an a f f i l i a t e of CPFC and CHI) at 5414 North Davis Highway, Pensacola, Flor ida, Windmill Gate Shopping Center, 1603 N.W. 67th Avenue, Miami Lakes, Flor ida; Executive Centre, 2300 Palm Beach Lake Blvd., West Palm Beach, Florida and 1915 North Monroe, Tallahassee, Flor ida, through i t s subsidiar ies, Ci t icorp Homeowners, Inc. and Ci t icorp Person-to-Person Financial Center of Flor ida, Inc. (6/8/82)

New York Ci t icorp , New York, New York, requests permission to estab-l i sh a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (consumer lending ac t i v i t i es including application acceptance funct ions, the execution of loan documents and disbursement of funds, the acceptance of payments, account adjustments and other customer service ac t i v i t i es incidental to Cit icorp Financial Inc . 's credi t card and direct lending a c t i v i t i e s ; the service area of the de novo o f f i ce shall be comprised of the ent i re State of Virg in ia) at Springf ield Mal l , P.O. Box 789, Spr ingf ie ld, V i rg in ia , through i t s subsidiary, Ci t icorp Financial Inc. (6/9/82)

i


H.2, 1982 No. 24 - 29-


New York Ramapo Financial Corporation, Wayne, New Jersey, requests permission to expand the activities of an unapproved subsidiary (providing instruction and advice regarding the development of loan programs in order to enable client banks, savings and loan associations, and mutual savings banks to operate such loan programs independently; this service would include instruction and advice concerning operations; systems and procedures; accounting procedures; credit administration, documentation and evaluation; product development and advertising programs; and training for the above mentioned lending areas of other financial institutions) at 64 Boonton Road, Wayne, New Jersey, through its subsidiary, RFC Services Corporation (6/10/82)

Cleveland Banc One Corporation, Columbus, Ohio, notification of intent to engage in de novo activities (leasing personal property and equipment, or acting as agent, broker, or advisor in leasing of such property where such property is acquired by the lessor at the request of the lessee, for business purposes and where at the inception of the in i t ia l lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property wil l be to compensate the lessor for not less than the lessor's ful l investment 1n the property; making, acquiring, and selling for i ts own account and for the account of others, loans and other extensions of credit including loans to finance agricultural production, commercial and industrial loans, and loans to individuals for household, family, and other personal expenditures; and servicing such loans and other exten-sions of credit for i tse l f and for non-affiliated banks and for institutional investors) at 9023 Darrow Road, Twlnsburg, Ohio, through its subsidiary, Banc One Financial Corporation (6/7/82)

Richmond Maryland National Corporation, Baltimore, Maryland, not i f i -cation of intent to engage in de novo activit ies (engag-ing generally in the business of leasing personal property (including, but not limited to, the leasing of various types of equipment, machinery, vehicles, transportation equip-ment, and data processing equipment and including conditional sales contracts and chattel mortgages where the lease is the functional equivalent of an extension of credit; originating and servicing personal property leases as principal or agent; buying, selling and otherwise dealing in personal property lease contracts as principal or agent; acting as adviser in personal property leasing transactions; engaging in the


H.2, 1982 No. 24 - 30 -


sale, as agent or broker, of insurance similar in form and intent to credit l i f e and/or mortgage redemption insurance; engaging generally in the business of leas-ing real property where the lease is the functional equivalent of an extension of credit; originating real property leases as principal or agent; servicing real property leases for af f i l ia ted or nonaffiliated individuals, partnerships, corporations or other entit ies; buying, selling and otherwise dealing in real property leases as principal, agent or broker; acting as adviser in real property leasing transactions; engaging generally in commercial lending operations in-cluding, but not be limited to, secured and unsecured commercial loans and other extensions of credit to commercial enterprises; and acting as advisor or broker in commercial lending transactions) at Suite 105C, Prospect Center Office Building, 301 Sovereign Court, Manchester, Missouri and Suite 804, Fidelity Federal Building, 401 Union Street, Nashville, Tennessee, through its subsidiary, Maryland National Leasing Corporation (6/9/82)

Kansas City The First National Bancorporation, Inc., Denver, Colorado, notification of intent to engage in de novo activities (acting as agent for the sale of credit l i f e , credit accident and health insurance to include Applicant's recently acquired subsidiary bank, Foothills National Bank, Fort Collins, Colorado) the geographic area to be served by this office includes the city of Fort Collins, Larimer County and the western half of Weld County (6/11/82)

San Francisco

BankAmerica Corporation, San Francisco, California, noti-fication of intent to engage in de novo activit ies (mak-ing or acquiring for its own account loans and other extensions of credit such as would be made or acquired by a finance company; such activities wil l include, but not be limited to, making loans and other extensions of credit of a commercial nature to individuals and businesses; such loans may be unsecured or secured by personal assets and residential and commercial real estate) at 1105 Hamilton Street, Allentown, Pennsylvania, serving a l l f i f t y States and the District of Columbia, through i ts subsidiary, BA Business Credit Corporation (a Delaware Corporation) (6/12/82)


H.2, 1982 No. 24 - 3 1 -


San Francisco

San Francisco

San Francisco

San Fracfsco

Charter National Bancorp, Encino, Cal i fo rn ia , no t 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 acquir ing, fo r i t s own account or for the account of others, loans and other extensions of credi t ( includ-ing issuing le t te rs of credi t and accepting draf ts) such as would be made by a mortgage, finance, credi t card or factor ing company; these ac t i v i t i es are pro-posed to be financed by loans to Charter National F i -nance Corporation, by a non a f f i l i a t e d bank or banks, which loans may be guaranteed by Charter National Bancorp) at 16810 Ventura Boulevard, Encino, (Los Angeles), Ca l i fo rn ia , serving the State of Cal i forn ia , through a subsidiary, Charter National Finance Corp. (6/3/82)

Rainier Bancorporation, Seatt le, Washington, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (making or acquiring for i t s own account or for the account of others, loans or other extensions of c red i t ; and act-ing as an insurance agent or broker with regard to insurance that is d i rec t l y related to extensions of credi t by Rainier Mortgage Company in the fol lowing categories: mortgage redemption insurance in the form of credi t l i f e and d i sab i l i t y insurance; property and casualty insurance on real and personal property, including homeowners, f i r e and extended coverage, l i a b i l i t y , bu i lder 's course of construction, and builder borrower insurance and performance bonds) in Lakewood, Colorado, serving the ent i re State of Colorado, through i t s subsidiary, Rainier Mortgage Company (6/8/82)

Seafirst Corporation, Seatt le, Washington, for approval to engage de novo through i t s subsidiar ies, Seafirst University H i l l s Industr ial Bank and Seafirst Belcaro Industr ia l Bank, both in Denver, Colorado, in the o f fe r ing of NOW accounts and savings accounts accessible by draf ts payable through commercial banks and debit cards.

U.S. Bancorp * Portland, Oregon, no t i f i ca t i on of intent to engage in de novo ac t i v i t i e s (making, acquiring and servicing of Toans and other extensions of c red i t , e i ther secured or unsecured, for i t s own account or the account of others including, but not l imi ted to , commercial, rediscount and installment sales contracts; to issue t h r i f t cer t i f i ca tes and passbooks and to act as insurance agent with regard to credi t l i f e and d is-a b i i l t y insurance solely in connection with extensions

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

H.2, 1982 No. 24 - 32 -


of credit by U.S. Thr i f t , in conformance with the provision of Sections 225.4(a)(1), (2), (3) , and ( 9 ) ( i ) of Regulation Y) at 2 East Broadway, Salt Lake City, Utah, the primary service area is defined as that area north of 2100 South Street, east of 1-15 and bordered to the north and east by the Wasatch Mountain, through its subsidiary, U.S. Thrift & Loan (6/11/82)

* * * * *

REPORTS RECEIVED

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

Chemung Canal Trust Co., Elmira, New York (Filed by Robert E. Dalrymple)

The Bank of Vienna, Vienna, Virginia (Filed by Michael S. Juhasz)


Documents

h2_19820612.pdf