h2_19830618.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 24)

Actions of the Board; Applications and Reports

Received During the Week Ending June 18, 1983

APPLICABLE RESERVE BANK ACTIONS OF THE BOARD

The Comptroller of the Currency and the Federal Reserve Board announced amendments to the i r minimum capital guidelines; the guidelines are used by the two agencies in examining and supervising national banks, state chartered banks that are members of the Federal Reserve System, and bank holding companies.

Regulation B, Equal Credit Opportunity; notice of intent to review regulat ion; request for comment by August 30, 1983. (Docket No. R-0473)

Withdrawal of the transfer agent regist rat ion of The Bank of New Orleans and Trust Company, New Orleans, Louisiana.

Boston

Boston

Boston

Withdrawal of the transfer agent regist rat ion of Cape Cod Bank and Trust Company, Hyannis, Massachusetts.

Independent Bank and Trust Company, Wi l l imant ic, Connecticut, proposed merger with the New Independent Bank and Trust Company, Wi l l imant ic, Connecticut; report to the Federal Deposit Insurance Corporation on competitive factors. V

New Community National Bank, Derby, Vermont, proposal to merge with Community National Bank, Derby, Vermont; report to the Comptroller of the Currency on competiti factors. V

New Guaranty Savings Bank, Plymouth, New Hampshire, proposed merger with Plymouth Guaranty Savings Bank, Plymouth, New Hampshire; report to the Federal Deposit Insurance Corporation on competitive factors. V

ve

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

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

H.2, 19ti3 No. 24 - 2 -

ACTIONS OF THE BOARD - Continued

Boston

New York

New York

Philadelphia

Richmond

Richmond

Richmond

Atlanta

Atlanta

Atlanta

Home National Corporation, Mil fo rd , Massachusetts, ex-tension of time to July 8, 1983, wi thin which to become a bank holding company through the acquisit ion of the Home National Bank of Mil ford, Mil ford, Massachusetts. J /

Hempstead Bank, Hempstead, New York, to make an investment in bank premises. V

Manufacturers and Traders Trust Company, Buffalo, New York, to make an additional investment in bank premises. J /

Independence Bancorp, I n c . , Perkasie, Pennsylvania, ex-tension of time to November 19, 1983, wi th in which to consummate the acquisi t ion of Union Bank and Trust Company of Eastern Pennsylvania and the merger with Cheltenham Corporation, y

Bank of Raleigh, Beck ley, West V i rg in ia , proposed merger with One Park Bank, I nc . , Beckley, West V i rg in ia , an organizing bank; report to the Federal Deposit Insurance Corporation on competitive factors. V

Intemountain Bankshares, Inc . , Charleston, West V i rg in ia , extension of time to July 25, 1983, wi thin which to become a bank holding company through the acquisit ion of the successor by merger to Kanawha Banking & Trust Company, National Association, Charleston, West Vi rg in ia.

Central F ide l i ty Bank, National Association, Southwest, Abingdon, V i rg in ia , proposed merger with Virginia Citizens Bank, Clintwood, Vi rg in ia; report to the Comptroller of the Currency on competitive factors. J /

F i rs t Elbert Corporation, Elberton, Georgia, extension of time un t i l September 22, 1983, wi thin which to become a bank holding company through the acquisit ion of F i rs t National Bank in Elberton, Elberton, Georgia. V

Community Bank of South F lor ida, I nc . , Homestead, Florida, extension of time unt i l September 24, 1983, wi th in which to become a bank holding company through acquisit ion of Community Bank of Homestead, Homestead, Flor ida. y

National City Bank of Rome, Rome, Georgia, proposed merger with Interim National Bank of Rome, Rome, Georgia; report to the Comptroller of the Currency on competitive factors. 1/

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


H.2, 1983 No. 24 - 3 -


Atlanta

Atlanta

Atlanta

Chicago

Chicago

Chicago

Chicago

Chicago

Fi rs t National Bank of Florence, Florence, Alabama, proposed merger with F i rs t Florence Interim Bank, N. A., Florence, Alabama; report to the Comptroller of the Currency on competitive factors. V

F i rs t National Bank of Greenvil le, Greenvil le, Alabama, proposed merger with F i rs t National Interim Bank of Greenvil le, Greenvi l le, Alabama; report to the Comp-t r o l l e r of the Currency on competitive factors. 2/

F i rs t National Bank of West Point, West Point, Georgia, proposed merger with Interim National Bank of West Point, West Point, Georgia; report to the Comptroller of the Currency on competitive factors. _)/

Citizens Commercial & Savings Bank, F l i n t , Michigan, to invest in bank premises. 2/

WESTERN ILLINOIS NATIONAL BANCSHARES, INC., Aledo, I l l i n o i s , extension of time to August 24, 1983, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to National Bank of Aledo, Aledo, I ! hno is . 2/

Elkhart Community Bank, Elkhart , I l l i n o i s , appl icat ion for pr ior approval to merge with ECB Bank, Elkhart, H hno is , under the charter of ECB Bank and t i t l e of Elkhart Community Bank; report to the Federal Deposit Insurance Corporation on competitive factors. ] /

East Lansmy State Bank, East Lansing, Michigan, appl i -cation for pr ior approval to merge with ELSB Bank, Inc . , East Lansing, Michigan, under the charter of Fast Lansing State Bank and t i t l e of East Lansing State Dank; report to the Federal Deposit Insurance Cor-poration on competitive factors. 1/

FNBOS National Bank, Oak Brook, I l l i n o i s , application for pr ior approval to merge wi th F i rs t National Bank and Trust Company of Oak Brook, Oak Brook, I l l i n o i s , under the charter of FNBOB National Bank and t i t l e of F i rs t National Bank of Oak Brook; report to the Comptroller of the Currency on competitive factors. 2/

7? Application processed on tehzr cf th* Board of Governors under delegated autnority.


H.2, 1983 No. 24 - 4 -

ACTIONS OF Int BOARD - Continued

Cn icago

S t . 13U5S

Kansas

Kansas Ci ty

Kansas Ci ty

Dal las

Dal las

Dai las

Dal las

Citizens Bank, N.A., Macomo, I l l i n o i s , appl icat ion fo r pr ior approval to :wrge with Cit.zens National Bonk of Macomb, Macomb, I l l i n o i s , unaer the charter of C l t u e n s Bank, N.A., and t i t l e of Ci t izens National Bank of Macomo; report to the Comptroller of the Currency on competit ive fac tors . y

F i r s t Robinson Bancorp, Robmson, I l l i n o i s , extension of t ime un t i l September 11, 1983, w i tn in wnich to become a bank holding company through the acquis i t ion of the F i r s t National Bank in Robinson, Robinson, I l l i n o i s . 1/

St. Paul Bancorporation, I n c . , St. Paul, Nebraska, extension of time to September 29, 1983, w i th in which to consummate the acqu is i t ion of St. Paul National Bank, S t . Paul, Neoraska. V

Val Cor Bancorporation, I n c . , Cortez, Colorado, ex-tension of f ime to October 1, 19.3, w i th in which to consummate the acqu is i t ion of Valley National bank of Cortez, Cortez, Colorado. V

Farley Bancshares. I n c . , Far ley, Missouri, extension of time to September 24, 1983, w i th in whicn to con-summate the acqu is i t ion of Farley State Bank, Far ley, Missour i , y

Texas Commerce Bancshares, I n c . , Houston, Texas, extension of t : ne to August 13, 1983, w i th in which to consummate the acqu is i t ion of Bank of Pasadena, Pasadena, Texas. J7

Northwest Bank and Trust , Houston, Texas, proposal to merge wi th New Northwest Bank and Trust , Houston, Texas; report to tne Federal Deposit Insurance Corporation on competit ive fac tors . V

Indust r ia l Bank, Houston, Texas, proposal to merge wi th New Indust r ia l Bank, Houston, lexas; report to the Federal Deposit Insurance Corporation on competit ive fac tors . V

Charter Bank, N.W., Corpus C h r i s t i , Texas, proposal to merge wi th New Charter Bank, N.W., Corpus C h r i s t i , Texas; report to the Federal Deposit Insurance Corporation *,n competit ive fac tors , j /

V Appl ica t ion processed on behalf of the Board of Governors under delegated authority.


H.2, 1983 No. 24 - 5 -

ACTIONS OF THE BOARD - Continue^

Dal las

Dal las

San Francisco

San Francisco

San Francisco

San Francisco

San Francisco

Mid Valley Bank, Weslaco, Tex^s, proposed merger wi th New Weslaco State Bank, Weslaco, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. V

Marble Falls National Bank, Marble Fa l ls , Texas, pro-posed merger with New Marble Fal ls State Bank, Marble Fa l ls , Texas; report to the Federal Deposit Insurance Corporation on competitive factors. J_/

F i rs t Interstate Bank of Ca l i fo rn ia , Los Angeles, Ca l i fo rn ia , extension of time to June 23, 1984, w i th in which to establish a branch o f f i ce in the v i c i n i t y of the intersect ion of La Jo l la , Vil lage Drive and Genesee Avenue, City of Sari Diego, Cal i fornia. V

Footh i l l Independent Bank, Glendora, Cal i fo rn ia , proposed merger wi th Foothi l lsubco, Glendora, 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. V

Wells Fargo Bank, N.A., San Francisco, Cal i forn ia, ex-tension of time to July 6, 1984, wi th in which to open a branch in Seoul, Korea. J /

Western Security Interim Bank, Salem, Oregon, proposed merger w i th Western Security Bank, Salem, Oregon, 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

INB Bancorp, Covina, Cal i forn ia , second extension of time to October 5, 1983, wi th in which to become a bank holding company through the acquisi t ion of Independence National Bank, Covina, Ca l i fo rn ia , a proposed new bank. 1/

77 Appl icat ion processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1983N0. 24 - 6 -


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

Approved New York The Bank of New York, New York, New York. To

establish thir teen o f f s i t e electronic f a c i l i t i e s in New York State, 1/

* * * * *

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

Not Disapproved Caprice Corporation, Red Lake Fal ls , Minnesota. J/

North Fork Corporation, Paonia, Colorado. ]_/

* * * * *

Applications and Noti f icat ions for International Investments and Other Actions Pursuant to Sections 25 and 25(a)

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

Approved New York H i l l Samuel Group PLC, London, England: grants consent

to establish an Edge Act Corporation in New York, New York to be named H i l l Samuel International Banking Corporation.

Mi nneapoli s

Kansas City

New York Marine Midland Overseas Corporation, New York, New York: grants consent for Marine Midland Overseas Corporation, New York, New York, to make an additional investment in the subordinated debt of Ward ley Austral ia Limited, Sydney, Austral ia.

Chicago Walter E. Heller International Corporation, Chicago, I l l i n o i s : no objection of intent to establish an export trading company known as Heller Trading Company.

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


H.2, 1983 No. 24 - 7 -


San F i rs t Interstate Bancorp, Los Angeles, Cal i fornia: Francisco no objection to establish an export trading company

to be named F i rs t Interstate Trading Company to be located in Los Angeles, Cal i forn ia.

Sixty-Day Not i f icat ion Period Allowed to Expire Atlanta Citibank Internat ional , Miami, Flor ida: no objection

to continue to hold, d i rec t l y or ind i rec t l y , shares of Citibank S.A., Paris, France af ter Citibank France establishes a de novo mutual fund, Societe d'Investissement a Capital Variable, Paris, France.

New York Citibank Overseas Investment Corporation, Wilmington, Delaware: no objection to invest, d i rec t l y or i nd i rec t l y , in The Tupuna Unit Trust, Brisbane, Queensland, Austral ia.

Atlanta F i rs t Atlanta Corporation, Atlanta, Georgia: no objection to establish and invest in F i rs t Atlanta International Finance, N.V., Curacao, Netherlands An t i l l es .

* * * * *

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

Atlanta F i r s t Bankshares of West Point, Inc. , West Point, Georgia, for approval to acquire 100 percent of the voting shares of F i rs t National Bank of West Point, West Point, Georgia. V

Atlanta Jeanerette F i rs t National Bancorp, Inc. , Jeanerette, Louisiana, for approval to acquire at least 8,334 shares (two-thirds) of the voting shares of The F i rs t National Bank of Jeanerette, Jeanerette, Louisiana. V

Atlanta The National City Bankcorp, Rome, Georgia, for approval to acquire 100 percent of the voting shares of The National City Bank of Rome, Rome, Georgia. V

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


H.2, 1983 No. 24 - 8 -


Atlanta Southern National Banks, I n c . , Fort Walton Beach, F lor ida, for approval to acquire at least 80 percent of the voting shares of F i r s t National Bank of Okaloosa County, Fort Walton Beach, Flor ida. y

Atlanta Staba Bancshares, I n c . , Oonaldsonville, Louisiana, for approval to acquire 100 percent of the voting shares of State Bank and Trust Company, Dona!dson-v i l l e , Louisiana. V

Atlanta Upper Cumberland Bancshares, I n c . , Byrdstown, Tennessee, for approval to acquire at least 80 percent of the voting shares of Peoples Bank and Trust Company of Pickett County, Byrdstown, Tennessee. V

Atlanta V.B.T, Holding Corporation, Valparaiso, Florida, for approval to acquire at least 80 percent of the voting shares of The Valparaiso Bank and Trust Company, Valparaiso, Florida and Bank of Mary Esther, Mary Esther, Flor ida, y

Chicago Centre 1 Bancorp, I n c . , Be lo i t , Wisconsin, for approval to acquire 100 percent of the voting shares of the successor by merger to The F i r s t National Bank and Trust Company of Be lo i t , Be lo i t , Wisconsin, y

Chicago I.S.B. FINANCIAL CORP., Midlothian, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Interstate Bank of Oak Forest, Oak Forest, I l l i n o i s . 1/

Chicago Northwest Suburban Bancorp, Inc. , Mount Prospect, I l l i n o i s , for approval to acquire 100 percent of the voting shares of F i r s t National Bank of Mount Prospect, Mount Prospect, I l l i n o i s , Countryside Bank, Mount Prospect, I l l i n o i s and F i rs t National Bank of Lake Zurich, Lake Zurich, I I l i n o i s .

Chicago

Chicago

Pioneer Bankshares, I nc . , North Branch, Michigan, for approval to acquire at least 80 percent of the voting shares of Pioneer Bank, North Branch, Michigan, y

Rock Fal ls Bancshares, Inc . , Rock Fa l l s , I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to Rock Falls National Bank, Rock Fa l l s , I l l i n o i s . 1/

V Appl icat ion processed on behalf of the Board of Governors under delegated author i ty .

I


H.2, 3982 No. 24 - 9 -


St. Louis

St. Louis

St. Louis

Dixie Bancshares, Inc. , Dukedom, Tennessee, for approval to acquire at least 80 percent of the voting shares of Dukedom Bank, Dukedom, Tennessee. J /

Earle Bankshares, Inc. , Earle, Arkansas, for approval to acquire at least 80 percent of the voting shares of Earle State Bank, Earle, Arkansas. J/

Wilson & Muir Bancorp, Inc . , Bardstown, Kentucky, for approval to acquire at least 80 percent of the voting shares of Wilson 4 Muir Bank S Trust Company, Bardstown, Kentucky. V

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

Approved New fork Commercial Bancshares, Inc. , Jersey C i ty , New Jersey,

for approval to acquire 100 percent of the voting shares of Fidelity Bank & Trust Company of New Jersey, Pennsauken, New Jersey. V

Philadelphia Northeastern Bancorp, Inc. , Scranton, Pennsylvania, for approval to acquire 100 percent of the voting shares of The Cement National Bank, Northampton, Pennsylvania. 1/

Philadelphia Susquehanna Bancshares, Inc. , L i t i t z , Pennsylvania, for approval to acquire 100 percent of the voting shares of Citizens National Bank and Trust Company of Waynesboro, Waynesboro, Pennsylvania. V

Chicago First Wisconsin Corporation, Milwaukee, Wisconsin, for approval to acquire 100 percent of the voting shares of the successor by merger to Bank of Two Rivers, Two Rivers, Wisconsin.

Chicago United Midwest Bancorporation, Ltd. , West Blocmfleld, Michigan, for approval to acquire 100 percent of the voting shares of Liberty Bank - Oakland, Troy, Michigan. 1/

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


H.2, 1983 No. 24 10


F i rs t Farmers Investment Corporation, I nc . , Greenfield, I l l i n o i s , for approval to acquire at least 75.6 percent of the voting shares of Bank of Pawnee, Pawnee, I l l i n o i s . V

F i rs t Mabel BanCorporation, I n c . , Mabel, Minnesota, for approval to acquire at least 84.1 percent of the voting shares of The F i rs t National Bank of Crosby, Crosby, Minnesota. V

Al l ied Bancshares, I nc . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Town & Country Bank, Houston, Texas. V

Southern Bancshares, Bremond, Texas, for approval to acquire at least 80 percent of the voting shares of Moulton State Bank, Moulton, Texas. 1/

* * * * *

To Retain Bank Shares Acquired in a Fiduciary Capacity Pursuant to Section 3 of the Bank Holding Company Act of 1956

Approved New York Midlantic Banks Inc. and Midlantic National Bank,

both of Edison, New Jersey, for approval to retain 9.42 percent of the shares of The Peoples National Bank of Central Jersey, Pi scataway, New Jersey.

* * * * *

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

Approved Cleveland Interstate Financial Corporation, Dayton, Ohio, for

approval to acquire at least 50 percent of the voting shares of a de novo company, Green Machine Network Corporation, Dayton, Ohio which provides services, f a c i l i t i e s and data bases as permitted in Section 225.4 ( a ) ( 8 ) ( i i ) of Regulation Y.

St. Louis

Minneapolis

Dal las

Dallas

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


H.2, 1983 No. 24 - 1 1 -

ACTIQNS OF THE BOARD - Continued

Atlanta Southeast Banking Corporation, Miami, Florida, to engage through i t s subsidiary, Southeast Investors Management Corporation, Miami, Flor ida, in a j o i n t venture that w i l l provide investment advice with respect to income-producing real property. The remaining 50 percent of the j o i n t venture w i l l be acquired by Gooch & Wagstaff, I nc . , Lakeland, F lor ida, a subsidiary of Gooch & Wagstaff, London, England.

Permitted New York Barclays Bank PLC and Barclays Bank International

Limited, both located in London, England., request permission to relocate an o f f ice engaging in the fol lowing ac t i v i t i es (lease financing of personal property by means of leases that meet the standards of Section 225.4(a)(6) of Regulation Y) from 2064 Peachtree Industr ial Court, Chamblee, Georgia to 7001 Peachtree Industr ial Blvd. , Norcross, Georgia, through the i r subsidiary, BarclaysAmerican/Leasing, Inc. (6 /16/83)3/

New York Manufacturers Hanover Corporation, New York, New York, requests permission to relocate an o f f i ce engaging in the fol lowing ac t i v i t i es (making or acquiring loans and other extensions of c red i t , secured or unsecured, such as would be made or acquired by a finance company under Connecticut law; and of fer ing credi t-related l i f e insurance and credit accident and health insurance) from 600 N. Colony Street, Wall ingford, Connecticut to 5 Main Street, West Hartford, Connecticut, through i t s subsidiary, Manufacturers Hanover Financial Services, Inc. (6/12/83) 3/

Cleveland PNC Financial Corp, Pittsburgh, Pennsylvania, 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 and servicing fo r i t s own account and/or the account of others, loans and other extensions of credi t ) in the metropolitan area of Anchorage, Alaska, through i t s subsidiary, Kissel1-Alaska, Inc. (6/16/83) 3/

Richmond Southern Bancorporation, I nc . , Greenvil le, South Carolina, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (making extensions of credi t as a licensed consumer finance lender; acting as agent for credi t l i f e and credi t accident insurance wr i t ten in connection with

JJ 4(c)(8) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty.

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

H.2, 1983 No. 24 - 12 -


such extensions of c red i t ; and acting as agent for credi t property insurance wri t ten solely in connection with such extensions of c red i t ) at 12 West McBee Avenue, Greenvi l le, South Carolina, through i t s sub-s id ia ry , World Acceptance Corporation (6/18/83) 3/

Richmond Southern Bancorporation, Inc . , Greenvil le, South Carolina, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (making extensions of credit as a licensed consumer finance lender) at 321 East Main Street, Nacogdoches, Texas, through i t s subsidiary, World Acceptance Corporation (6/15/83) 3/

Richmond Southern Bancorporation, Inc . , Greenvil le, South Carolina, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (making extensions of credit as a licensed consumer finance lender; acting as agent for credi t l i f e and credi t accident insurance wr i t ten in connection wi th such extensions of c red i t ; and acting as agent for credi t property insurance wr i t ten solely in connection wi th such extensions of credi t ) at 1830 Sumter Street, Columbia, South Carolina, through i t s subsidiary, World Acceptance Corporation (6/15/83) 3/

Chicago Citizens Bancorporation, Sheboygan, Wisconsin, no t i f i ca t ion of intent to engage in de novo ac t i v i t i e s (making and acquiring loans and other extensions of credi t for i t s own account or for the account of others) at 801 East Walnut, Green Bay, Wisconsin, the geographic area to be served w i l l be Wisconsin and the upper peninsula of Michigan, through i t s subsidiary, Citizens Mortgage Company, Inc. (6/13/83) 3/

Chicago DeKalb Bancorp, Inc . , De Kalb, I l l i no i s , no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( in underwriting credi t l i f e insurance and health and accident insurance related to extensions of credi t ) in De Kalb, I l l i n o i s , the geographic scope w i l l be De Kalb County, I l l i n o i s , through i t s subsidiary, Security L i fe Insurance Company (6/13/83) 3/

37 4(c)(8) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty.


H.2, 1983 Ho. 24 - i3 -


Chicago Geiger Corporation, Edina, Minnesota, no t i f i ca t i on of intent to engage d i rec t l y in acquiring for i t s own account loans and other extensions of credi t through loan par t ic ipat ion agreements with other f inancial i ns t i t u t i ons ; the geographic area to be served w i l l be the states of Iowa and Minnesota (6/14/83) 3/

St, Louis Union Planters Corporation, Memphis, Tennessee, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( in the business of a t rus t company organized under the laws of the state of Arkansas, including ac t i v i t i es of a f iduciary agency or custodial nature, such as acting as executor or administrator of estates as trustee under both inter vivos and testamentary t rus ts , and as guardian or curator of any infant or incompetent person or his estate under court appointment, administering agency and custodial accounts of fer ing both sel f -d i rected and trustee-directed IRA accounts, retirement plans for the self-employed, pension, pro f i t -shar ing and t h r i f t plans and Taf t -Hartley plans, and offer ings to indiv iduals, firms and foundations investment recommendations and management) in L i t t l e Rock, Arkansas, serving Pulaski County, Arkansas, and the counties of Lonoke, Grant, Faulkner, Perry and Saline in Arkansas, a speci f ic locat ion for the o f f ice of the proposed t rus t company has not been selected, but Applicant intends that the proposed t rus t company should lease sui table f a c i l i t i e s in L i t t l e Rock, through i t s sub-s id ia ry , Investors Trustcorp., Inc. (6/13/83) 3/

Kansas City Los Hacendados, Inc . , Clayton, New Mexico, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( in the sale of general insurance in a town wi th a population not exceeding 5,000) in the town of Clayton, serving a l l of Union County, New Mexico, through a subsidiary, F i rs t Insurance Agency, Inc. (6/15/83) 3/

Central Paci f ic Corporation, Bakers f i e l d , Cal i forn ia, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( i n data processing of f inancial and banking data of a f f i l i a t e d companies and others, and in management consulting to a f f i l i a t e d and non-af f i l ia ted bank and non-bank depository ins t i tu t ions ) at 5055 Cal i fornia Avenue, Suite 101, Bakersf ield, Cal i forn ia, serving the states of Cal i forn ia and Arizona, through i t s subsidiary, CPC Financial Corporation (6/17/83) 3/

San Francisco

37 4(c)(8) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty .


K ? , - 14 -


San f rano v o

F i rs t Security Corporation, Salt Lake Ci ty , Utah, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es kn of fer ing t h r i f t savings accounts and t h r i f t ce r t i f i ca tes ; engaging in the business of making consumer, business and mortgage loans; engaging in tne business of lease f inancing; to engage in the ac t i v i t i e s as an agent of se l l ing credi t l i f e and cred i t d i sab i l i t y insurance related to extensions of c red i t , where the insurance is l imi ted to assuring repayment of the outstanding balance due on a specif ic extension of credi t in the event of death, d is-a b i l i t y or involuntary unemployment of the debtor, pursuant to Section 601(A) of the Garn-St. Germain Depository ins t i tu t ions Act of 1982) at 2080 East 4800 South, Salt Lake County, Utah, the o f f ice w i l l serve the southeastern portion of Salt Lake County, through i t s subsidiary, F i rs t Security f inancia l (6/17/83) 3/

f ranti sco

San Francisco

Security Pacif ic Corporation, Los Angeles, Cal i fornia, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( i n the or ig inat ion and acquisi t ion of mortgage loans, including development and construction loans on mult i -family and commercial properties for Security Pacific Mortgage Corporation's own account or for sale to others; and the servicing of such loans for others) at 350 East 500 South, Salt Lake C i t y , Utah, through i t s subsidiary. Security Pacif ic Mortgage Corporation (6/14/83) If

Security Pacif ic Corporation, Los Angeles, Cal i forn ia, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( i n the or ig inat ion and acquisi t ion of mortgage loans, including development and construction loans on mult t - faenly and commercial properties for Security Pacif ic Mortgage Corporation's own account or for sale to others; and the servicing of such loans for others) at 2851 South Parker Road, Suite 970, Aurora, Colorado, serving the State of Colorado, through i t s subsidiary. Security Pacif ic Mortgage Corporation 16/34/83)

Tj 4(c)(6) no t i f i ca t i on processed by Reserve Bank on behalf of the Board of Governors under delegated author i ty.


H. , 1983 No. 24 - 1 5 -

APPLICAT10NS RECEIVED

New York

New York

Richmond

Atlanta

Chicago

Chicago

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

Chemical Bank, New York, New York. To establish branch offices at the following ten locations: 590 Madison Avenue, New York, New York; 1133 Westchester Avenue, White Plains, New York; 1000 Westchester Avenue, White Plains, New York; 900 King Stret, Port Chester, New York; Long Meadow Road, Sterling Forest, New York; 44 South Broadway, White Plains, New York; Route #9, North Tarrytown, New York; Route 134/Kitchawan, Yorktown Heights, New York; 2000 Purchase Street, Purchase, New York. 2/

The Merchants Bank of New York, New York, New York, establish a branch at 1040 Avenue of the Americas, New York, New York. 2/

To

First Virginia Bank - Colonial, Richmond, Virginia. To establish a branch on the east side of North Washington Highway, north of the Ashland/Hanover Shopping Center, Ashland, Virginia. 2/

Flagship Bank of Tampa, Tampa, Florida. To establish an ATM located at the N.W. corner of Ehrlich Road and Hutchinson Road, Block of Ehrlich Road, Tampa, Florida. 27

Peoples Bank & Trust Company, Cedar Rapids, Iowa. To establish an EFT at Mercy Hospital, Cedar Rapids, Iowa. 2/

Harris Trust and Savings Bank, Chicago, I l l ino is . To establish an EFT at 141 W. Jackson, Chicago, I l l inois . 2]

* * * * *

Tj 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, 1983 No. 24 - 16 -

APPLICATIONS RECEIVED - Continued

Applications and Not i f icat ions for International Investments and Other Actions Pursuant to Sections

25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company

Act of 1956, as amended

New York Morgan Guaranty International Finance Corporation, New York, New York: pr ior no t i f i ca t ion of intent to acquire addit ional shares of Bank of Commerce Berhad, Kuala Lumpur, Malaysia.

* * * * *

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

F i rs t Bancorp of Wayne, I nc . , Sprague, West V i rg in ia , for approval to acquire 100 percent of the voting shares of F i rs t National Bank of Kenova, Kenova, West V i rg in ia . 2/

East Coast Bank Corporation, Ormond Beach, Florida, for approval to acquire at least 98.23 percent of the voting shares of Bank at Ormond By-The-Sea, Ormond Beach, F lor ida, a proposed new bank. 2/

Fi rs t Bank Holding Company, Sylvester, Georgia, for approval to acquire at least 80 percent of the voting shares of Sylvester Bank Company, Sylvester, Georgia. It

Fi rs t National Corporation of Alexander Ci ty , I nc . , Alexander Ci ty , Alabama, for approval to acquire at least 80 percent of the voting shares of The F i rs t National Bank of Alexander C i ty , Alexander C i ty , Alabama. 2/

Loudon County Bancshares, Inc . , Lenoir C i ty , Tennessee, for approval to acquire 100 percent of the voting shares of Bank of Loudon County, Lenoir C i ty , Tennessee. 2/

Richmond

Atlanta

Atlanta

Atlanta

Atlanta

T j Application subject to Community Reinvestment Act. The Community A f fa i r s Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1983 No. 24 - 17

Atlanta

Chicago


P8G Financial Services, I nc . , Gracevi l le, Flor ida, for approval to acquire at least 80 percent of the voting shares of Peoples Bank of Gracevil le, Gracevil le, F lor ida. 2/

Cole-Taylor Financial Group, I nc . , Chicago, I l l i n o i s , for approval to acquire 99 percent of Main Bank of Chicago, Chicago, I l l i n o i s , 99 percent of Bank of Yorktown, Lombard, I l l i n o i s , and 80 percent of Skokie Trust & Savings Bank, Skokie, I l l i n o i s . 2/

St . Louis

St. Louis

Farmers 8 Merchants Bancshares, Inc . , Wright C i ty , Missouri, for approval to acquire at least 96 percent of the voting shares of Farmers and Merchants Bank of Wright C i ty , Wright C i ty , Missouri. 2/

HNB Bancorp, I nc . , Hi l lsboro, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to The Hil lsboro National Bank, Hi ! Isboro, I l l i n o i s . 2/

St . Louis W.B.T. Holding Company, Memphis, Tennessee, for approval to acquire at least 80 percent of the voting shares of Central Trade Bank, Memphis, Tennessee. 2/

Minneapolis McGregor Banco, Inc . , McGregor, Minnesota, for approval to acquire 83.93 percent of the voting shares of State Bank of McGregor, McGregor, Minnesota, a proposed new bank. 2/

Kansas City Columbine Bankshares, L t d . , Denver, Colorado, for approval to acquire 100 percent of the voting shares of Columbine Valley Bank & Trust Company, L i t t l e t o n , Colorado, a proposed new bank. 2j

Kansas City Haysvil le Bancshares, I n c . , Haysvi1le, Kansas, for approval to acquire at least 80 percent of the voting shares of F i r s t National Bank, Haysvi l le, Kansas, a proposed new bank. 2/

Kansas City Stanley Corp. Stanley, Kansas, for approval to acquire 99.48 percent of the voting shares of Stanley Bancshares, I nc . , Stanley, Kansas, and ind i rec t ly State Bank of Stanley, Stanley, Kansas. 2/

Y j Appl icat ion subject to Community Reinvestment Act. The Community A f fa i rs Off icer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1983 No. 24 - 18 -


Dal las F i rs t Sweetwater Bancshares, I nc . , Sweetwater, Texas, for approval to acquire at least 80 percent of the voting shares of The Texas Bank and Trust Company, Sweetwater, Texas. 1}

San Marathon Bancorp, Los Angeles, Cal i forn ia, for approval Francisco to acquire 100 percent of the voting shares of

Marathon National Bank, Los Angeles, Cal i forn ia, a proposed new bank. 2/

* * * * *

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

New York C i t i corp , New York, New York, for approval to acquire at least 80 percent of the voting shares of the successor by merger to American State Bank of Rapid C i ty , Rapid c i t y , South Dakota. 2/

Cleveland Banc One Corporation, Columbus, Ohio, for approval to acquire at least 100 percent of the voting shares of F i rs t National City Bank of Al l iance, Al l iance, Ohio. 2/

Atlanta F i rs t American Corporation, Nashvi l le, Tennessee, for approval to acquire 100 percent of the voting shares of F i r s t American Bank of Chattanooga, N.A., Chattanooga, Tennessee, a proposed new bank. 2J

Atlanta Sun Banks of F lor ida, I nc . , Orlando, Florida, for approval to acquire 100 percent of the voting shares of Florida State Bank of Tallahassee, Tallahassee, Flor ida. 2/

Chicago Ames National Corporation, Ames, Iowa, for approval to acquire at least 95 percent of the voting shares of State Bank & Trust Co., Nevada, Iowa. 2/

Minneapolis Dakota Bankshares, Inc. , Fargo, North Dakota, for approval to acquire at least 80 percent of the voting shares of Dakota Bank of Wahpeton, Wahpeton, North Dakota, a proposed new bank. 2/

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

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

H.2, 5983 No. 24 - 19


Ml 'VH'd^O l i s bt Sleepy Eye Bancorporation, I n c . , Sleepy Eye, S nnesota, for approval to acquire at least d3.3 percent of the voting shares of the State Bank of Bu t te r f i e ld , Bu t te r f i e ld , Minnesota. 2/

Kansas C?v

Oalle$

Columbus Corp., Columbus, Kansas, fo r approval to acquire 100 percent of the nonvoting shares of Stanley Corp., Stanley, Kansas, and ind i rec t ly State Bank of Stanley, Stanley, Kansas. 2!

American Southwest Bancshares, I nc . , El Paso, Texas, for approval to acquire 100 percent of the voting shares of American Bank of Commerce East, N.A., -1 Paso, Texas, a proposed new bank. 2/

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

Boston BankEast Corporation, Manchester, New Hampshire, no t i f i ca t i on of intent to engage in de novo a c t i v i t i e s ( i n the provision of t rus t services, including a c t i v i t i e s of a f iduc ia ry , investment advisory, agency or custodial nature) in Manchester and Rochester, these a c t i v i t i e s would be conducted in the state of New Hampshire, through i t s sub-s id ia ry , BankEast Trust Company (6/14/83)

Boston tiST Corp., Boston, Massachusetts, 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 ( i n pro-v id ing a to ta l analysis of the c l i e n t ' s f inancial p ic tu re , including analysis and recommendation of appropriate investments; furnishing general economic information and advice, s t a t i s t i c a l forecasting services and industry studies; and making general f inancia l planning recommendations) in the Gulfstream Bui ld ing, 8751 West Broward Boulevard, Suite 200, Ft. Lauderdale, Flor ida, serving a l l of F lo r ida , through i t s subsidiary, FCA Corp. (6/15/83)

17 Appl icat ion subject to Community Reinvestment Act. The Community A f fa i r s Of f icer of the applicable Reserve Bank may be contacted a to the lemttb Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Barclays Bank PLC and Barclays Bank International Limited, London* England, request permission to establish a de novo office engaging in the following activit ies (reinsurance or underwriting of credit l i f e and credit accident and health insurance in Delaware; such insurance w i l l be sold in connection with extensions of c red i t ) through their subsidiary, Citidel Life Insurance Company (6/6/83)

Deutsche Bank AG, Frankfurt, Germany, requests permission to relocate an office engaging in the following activit ies (provides dealers of aff i l iates of Daimler-Benz AG in the United States and Canada with wholesale financing in the form of loans to finance dealers inventories secured by such in-ventories and provides customers of af f i l iates of Daimler-Benz AG in the United States and Canada and their dealers with reta i l financing consisting of purchases by the company from such af f i l ia tes and their dealers of retai l installment obligations purchased by the customer, of purchases of lease receivables and dealer rental receivables in respect of equipment purchased by the customer, of purchases of lease receivables and dealer rental receivables in respect of the equipment leased by the customer and of fu l l payout leasing of products of such af f i l ia tes and such dealers; in connection therewith, the company facil itates the making available through an independent insurance agent of credit l i f e , accident and physical damage insurance) from 7931 Northeast Halsey, Portland, Oregon to 1815 Southwest Marlow Avenue, Portland, Oregon, through its sub-sidiary, Mercedes-Benz Credit Corporation (6/17/83)

European American Bancorp, New York, New York, for approval to engage through its wholly-owned subsidiary, Doman & Wilson, Inc., White Plains, New York, in arranging equity financing.

Horizon Bancorp, Morristown, New Jersey, requests per-mission to establish a de novo office engaging in the fol lowing activities (making or acquiring, for i t s own account or for the account of others, loans and other extensions of credit [including issuing le t ters of credit and accepting drafts], such as would be made, for example, by a mortgage, finance, credi t card or factoring company; leasing personal property


H.2, 1983 No. 24 - 21 -


or acting as broker or advisor in leasing such property such leases meet the c r i t e r i a of Section 225.4(a)(6)) at 355 Sett lers Road, Holland, Michigan, through i t s subsidiary, Horizon Credit-Corp (6/15/83)

New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo of f ice engaging in the fol lowing ac t i v i t i e s (consumer finance including, but not l imi ted t o , the extension of d i rect loans, secured or unsecured, to consumers and the purchase of sales finance contracts; servicing such loans and other extensions of c red i t ; and acting as agent or broker for the sale of credi t single and j o i n t l i f e insurance and decreasing or level term [ i n the case of single payment loans] credi t l i f e insurance, and credi t accident, health, and property insurance d i rec t l y related to extensions of credi t made or acquired by Finance One) at 141 S. Lake Avenue, Pasadena, Ca l i fo rn ia , through i t s subsidiary, Finance One of Ca l i fo rn ia , Inc. (6/16/83)

New York Norstar Bancorp Inc . , Albany, New York, requests per-mission to expand the service area engaging in the fol lowing ac t i v i t i es (making of leases of personal property and equipment for commercial and consumer use and to act as agent, broker or advisor in leasing such property) at Norstar Bui lding, 1450 Western Avenue, Albany, New York, to include the states of New York, New Jersey, Pennsylvania, Vermont, New Hampshire, Maine, Massachusetts, Connecticut and Rhode Island, through i t s subsidiary, Norstar Leasing services Inc. (6/15/85)

New York Norstar Bancorp Inc . , Albany, New York, requests per-mission to expand the service area engaging in the fol lowing ac t i v i t i es (providing information and data processing services for the internal operations of Norstar Bancorp and i t s subsidiaries) at Norstar Bui ld ing, 1450 Western Avenue, Albany, New York to include the states of New York and Maine through i t s subsidiary, Norstar Data Services Inc. (6/15/83)

New York Norstar Bancorp Inc . , Albany, New York, requests per-mission to expand the service area engaging in the fol lowing ac t i v i t i es (the making of motor vehicle leases for commercial and consumer use and to act as agent, broker or advisor in leasing such property) at Norstar Bui lding, 1450 Western Avenue, Albany,


H .2, 1983 No. 24 - 22 -


Cleveland

Richmond

Atlanta

Atlanta

Atlanta

Atlanta

New York, to include the ent i re states of New York, New Jersey, Pennsylvania, Vermont, New Hampshire, Maine, Massachusetts, Connecticut and Rhode Island, through i t s subsid iary , Norstar Auto Lease Inc. (6/15/83)

Society Corporation, Cleveland, Ohio, to engage in providing management consult ing services to Banc-Systems Associat ion, Rocky River, Ohio, a non-depository i n s t i t u t i o n .

NCNB Corporation, Char lot te, North Carol ina, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (making or acquiring loans or other extensions of c red i t such as would be made by a commercial finance company, including commercial loans secured by a borrower's inventory, accounts receivable or other accounts, and servic ing such loans for others) in Tampa, F lo r ida , through i t s subsid iary, NChB Financial Services, Inc. (6/15/83

F i r s t At lanta Corporation, At lanta , Georgia, for approval to engage de novo through i t s subsidiary F i r s t At lanta Mortgage Corporation in arranging equity f inancing for income producing real property.

F i r s t National Bancorp of the South, I nc . , Opp, Alabama, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (consumer f inance, loan serv ic ing, personal property leasing and sale of l i f e and accident and health insurance) in Opp, Alabama, serving the states of Alabama and F lor ida, through i t s subsidiary, Finance South, Inc. (6/6/83)

F i r s t National Corporation of Alexander C i t y , I n c . , Alexander C i t y , Alabama, for approval to engage in making d i rect loans to ind iv idua ls , consumers and businesses.

Intercont inental Bank Holding Company, Mi ami, Flor ida, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s ( i n making real estate appraisals of commercial, res ident ia l and indus t r ia l propert ies) at 930 Washington Avenue, Suite 500, Miami Beach, Flor ida, serving the whole State of F lo r ida , through i t s sub-s i d i a r y , South Flor ida Real Estate Services, Inc. (6/6/83)


H.2, 1983 No. 24 - 2 3 -


Chicago Associated Banc-Corp., Green Bay, Wisconsin, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (mortgage banking) at 600 East Northland Avenue, Appleton, Wisconsin, the geographic scope w i l l be the State of Wisconsin, through i t s subsidiary, Associated Mortgage, Inc. (5/28/83)

Chicago Heritage Wisconsin Corporation, Wauwatosa, Wisconsin, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es { i n the sale of credi t related involuntary unemployment insurance) the geographic area to be served is Southeast Wisconsin, through an exist ing subsidiary, Heritage Insurance Agency, Inc. (6/11/83)

Correction: Chicago The Y-4 appl ication for Hometown Bancorporation, I nc . ,

Rock Island, I l l i n o i s , which was combined with a Section 3(a)(1) appl icat ion that appeared on H.2 No. 18, 1983 was incorrect ly f i l e d .

Chicago State Bancshares, I n c . , Schaller, Iowa, no t i f i ca t ion of intent to engage i n de novo ac t i v i t i es (making or acquiring loans and other extensions of credi t such as would be made by a commercial finance company and servicing such loans for others) the geographic scope w i l l be the community of Schaller, Iowa (6/4/83)

Chicago Walter E. Heller International Corporation, Chicago, I l l i n o i s , for approval to engage de novo through i t s exist ing subsidiary, Abacus Real Estate Finance Co., Chicago, I l l i n o i s , in arranging equity financing for commercial and industr ia l income-producing real estate investors.

St. Louis First City Corp., Fort Smith, Arkansas, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( in con-sumer and commercial finance ac t i v i t i es , including the extension of direct loans to consumers, the discounting of re ta i l installment notes or contracts, the extension of direct loans to dealers for the financing of inventory [ f l o o r planning] and working capi ta l purposes and making or acquiring loans and other extensions of credi t such as could be made or acquired by a consumer and commercial finance company in Arkansas and Oklahoma; and acting as agent for sale of l i f e , accident and health insurance d i rec t l y related to i t s extensions of c red i t ) at Phoenix Street and State Line Road, Arkoma, Oklahoma, serving the standard metro-pol i tan s ta t i s t i ca l area made up of 4 counties: LeFlore


H.2, 1983 No. 24 - 2 4 -


and Sequoyah counties in Oklahoma, and Crawford and Sebastian counties in Arkansas, t h i s geographical area approximates a 25-mile radius of Arkoma, Oklahoma, through i t s suosidiary* F i rs t City Financial Services, Inc. (6/6/83)

Minneapolis Norwest Corporation* Minneapolis, Minnesota, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( in lending and loan servicing ac t i v i t i e s including making or acquiring* for i t s own account or for the account of others* loans, real estate mortgages, or other extensions of credi t and servicing loans, real estate mortgages, and other extensions of credi t for any person) at 1100 Lincoln Avenue, York, Nebraska, serving Minnesota, Wisconsin, Iowa, South Dakota, North Dakota, Montana, Nebraska, I l l i n o i s , Missouri, Kansas, Colorado, Wyoming, Texas, Oklahoma, Idaho, Washington, and Oregon, through i t s wholly-owned subsidiary, Norwest Agricul tural Credit, Inc. (6/10/83)

Minneapolis Norwest Corporation, Minneapolis, Minnesota, no t i f i ca t ion of intent to relocate de novo ac t i v i t i es (consumer finance* sales finance and commercial f inance, the sale of credi t l i f e , credi t accident and health and property and credi t related casualty insurance related to extensions of credi t by Norwest Financial North Carolina* I nc . , Norwest Financial North Carolina 1, Inc. and Norwest Financial America, Inc. [such sale of c red i t - re la ted insurance being a permissible ac t i v i t y under Subparagraph D of T i t l e VI of the Garn - St Germain Depository Ins t i tu t ions Act of 1982] and the o f fer ing fo r sale and se l l ing of travelers checks) th is no t i f i ca t ion is for the relocation within the same c i ty of an exist ing o f f i ce of Norwest Financial North Carol ina, Inc. and Norwest Financial North Carolina 1* Inc. i n Charlotte, North Carolina; and requests permission to engage de novo in the ac t i v i t y of commercial finance from said o f f ice* as relocated; addi t ional ly by th is no t i f i ca t i on , Norwest Financial America, I nc . , also a subsidiary of Norwest Corporation proposes to engage de novo in commercial finance at th is same relocated o f f i ce ; upon relocation, said o f f i ce w i l l serve Charlotte, North Carolina* through i t s subsidiaries* Norwest Financial North Carolina* Inc . , Norwest Financial North Carolina 1* Inc.* and Norwest Financial America (6/6/83)


H.2, 1983 No. 24 - 2 5 -

APPLICAT10NS RECEIVED - Continued

Dallas First City Financial Corporation, Albuquerque, New Mexico, notification of intent to engage in de novo activit ies (in mortgage banking ac t i v i t i es including the origination, selling and servicing of real estate mortgage loans for i ts own account and the accounts of others) these activities would be conducted in the states of New Mexico and West Texas from of f ices located in Artesia, Belen, Farmington, Las Cruces, Rio Rancho, and Santa Fe, New Mexico, through i t s subsidiary. First City Mortgage Company (6/15/83)

Dallas RepublicBank Corporation, Dallas, Texas, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( to perform activit ies that may be lawfully carr ied on by a trust company, in the manner authorized by federal and state law, including serving as trustee, pro-viding stock transfer and registrar ac t i v i t i es and providing agency and custodial services) these activit ies wil l be performed in the State of Texas and wi l l be conducted from offices located in Harris County, Texas, San Antonio, Texas and Richmond, Texas, through its subsidiary, RepublicBank Trust Company (6/13/83)

San BankAmerica Corporation, San Francisco, Cal i forn ia, Francisco no t i f i ca t i on of intent to expand de novo ac t i v i t i es

(making or acquiring fo r i t s own account loans and other extensions of credi t such as would be made or acquired by a finance company; servicing loans and other extensions of c red i t ; and of fer ing cred i t -related l i f e insurance, credi t - re lated accident and health insurance and cred i t - re la ted property insurance; property insurance w i l l be offered only in Tennessee as permitted under Section 56-6-20 of the Tennessee Insurance Code; there w i l l be no property insurance offered in e i ther the states of Arkansas or Mississippi; the aforementioned types of credi t - re lated insurance are permissible under Section 4(c)(8)(A) and/or 4(c)(8)(D) of the Bank Holding Company Act of 1956, as amended by the Garn-St Germain Depository Ins t i tu t ions Act of 1982; such ac t i v i t i es w i l l include, but not be l imi ted t o , making consumer installment loans and loans to businesses, purchasing installment sales finance contracts, making loans and other extensions of credi t secured by real and personal property, and offer ing cred i t - re la ted l i f e , credi t - re la ted accident and health and credi t - re lated property insurance; credi t - re lated l i f e and cred i t - re la ted accident and health insurance may be reinsured by BA Insurance Company, Inc . , an


- 2 6 -


a f f i l i a t e of each of the above named subsidiaries) in Memphis, Tennessee; Shreveport, Louisiana; and Southaven, Misssissippi; both the Memphis and Shreveport of f ices w i l l each serve the additional state of Arkansas, the Southaven o f f i ce w i l l serve the ent i re states of Mississippi, Arkansas and Tennessee, through i t s four indirect subsidiaries, FinanceAmerica Credit Corporation (a Delaware corporation); FinanceAmerica Corporation (a Louisiana corporation); FinanceAmerica Corporation (a Mississippi corporation) and FinanceAmerica Industrial Plan Inc. (a Mississippi corporation) (6/14/83)

F i rs t Interstate Bancorp, Los Angeles, Cal i fornia, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es (leasing company ac t i v i t i es by leasing personal property which was acquired spec i f ica l ly for the leasing transaction, i n leases which are the functional equivalent of extensions of credi t ) at 707 Wilshire Bouevard, Los Angeles, Cal i forn ia, serving the United States, through i t s subsidiaries, F i rs t Inter-state Leasing Services Company and F i rs t Interstate Leasing, Inc. (6/18/83)

F i rs t Interstate Bancorp, Los Angeles, Cal i fornia, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( in providing real estate appraisal services; real estate investment advisory services to closed-end pooled real estate funds that are registered invest-ment companies; f inancial advisory services to state and local governments regarding real estate investments and development projects; real-estate-related manage-ment consulting to nonaff i l ia ted depository ins t i tu t ions , and real estate investment advisory services, general economic advice, and industry studies to other persons) at 630 F i f t h Avenue, New York, New York, serving New York State and the Greater New York Metropolitan area, through i t s subsidiary, Thomas L. Karsten & Associates (6/17/83)

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 (general mortgage banking including, but not l imited to , making or acquir ing, for i t s own account or for the account of others, loans and other extensions of credi t secured by liens on residential and non-residential real estate; servicing loans and other extensions of credi t for any person; se l l ing mortgage loans in the secondary market and of fer ing mortgage term l i f e insurance, accident,


H.2, 1983 No. 24 - 2 7 -


San Francisco

San Francisco

San Francisco

health and disability insurance directly related to such lending and servicing activities) in Prescott and Yuma, Arizona, serving the state of Arizona, through its subsidiary, Rainier Mortgage Company (6/14/83)

Security Pacif ic Corporation, Los Angeles, Cal i fornia, for approval to acquire substant ial ly a l l the assets of General Finance Service Corporation and i t s wholly-owned subsidiary, The Budget Plan of Vi rg in ia, both located in Huntingdon, Pennsylvania.

Security Pacif ic Corporation, Los Angeles, Cal i forn ia , no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( i n making or acquir ing, for i t s own account or for others, loans and extensions of c red i t , including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credi t such as would be made by a factoring company or consumer finance company, and acting as agent or broker for the sale of credi t l i f e , credi t accident and health and credi t property insurance, such as permitted pursuant to Section 601(A) and (D) of T i t l e VI of the Garn-St Germain Act) in Mishawaka, Indiana, serving the State of Indiana, through i t s subsidiary, Security Pacif ic Finance Corp. (6/17/83)

Security Pacific Corporation, Los Angeles, Cal i fornia, no t i f i ca t ion of intent to engage in de novo ac t i v i t i es ( in providing data processing and data transmission services, data bases or f a c i l i t i e s [ including data processing and data transmission hardware, software, documentation, and operating personnel] for the internal operations of the holding company or i t s subsidiar ies; and providing to others data processing and transmission services, f a c i l i t i e s , data bases or access to such services, f a c i l i t i e s , or data bases by any technologically feasible means, where: (a) data to be processed or furnished are f inanc ia l , banking, or economic, and the services are provided pursuant to a wr i t ten agreement so describing and l im i t i ng the services; (b) the f a c i l i t i e s are designed, marketed, and operated for the processing and transmission of f inanc ia l , banking, or economic data; and (c) hardware in connection therewith is offered only in conjunction with software designed and marketed for the processing and transmission of f inanc ia l , banking, or economic data, and where the general purpose hardware does not const i tute more


H.2, 1983 No. 24 - 28 -


San Francisco

San Francisco

San Francisco

more than 30 percent of the cost of any packaged of fer ing) at 10089 Willow Creek Road, San Diego, Ca l i fo rn ia , serving the United States, through i t s subsidiary, Security Pacif ic Information Services, Inc. (6/14/83)

Security Pacif ic Corporation, Los Angeles, Ca l i fo rn ia , no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( i n f inancing, leasing and servicing ac t i v i t i es with respect to personal property and equipment and real property) at 333 South Hope Street , Los Angeles, Ca l i fo rn ia , serving the United States, through i t s subsidiary, Security Pacif ic Public Finance, Inc. (6/14/83)

Security Pacif ic Corporation, Los Angeles, Cal i fornia, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es ( i n making or acquiring, fo r i t s own account or for the account of others, loans and extensions of c red i t , including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of credi t such as would be made by a factoring company or a consumer finance company, and acting as broker or agent for the sale of credi t l i f e , credit accident and health and credi t property insurance, such insur-ance ac t i v i t i e s being permitted pursuant to Section 601 (A) and (D) of T i t l e VI of the Garn-St Germain Act) at the Aviation Hal 1, Route 254, Glens Fal ls , New York, serving the State of New York, through i t s subsidiar ies, Security Pacif ic Finance Corp. and SPF Credit Services, Inc. (6/18/83)

United Bancorporation Alaska, Inc . , Anchorage, Alaska, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (making or acquiring loans and other extensions of credi t such as would be made by a mortgage company and/or commercial f inancial company including: real estate construction loans, both commercial and res ident ia l ; real estate residential term loans; commercial loans secured by a borrower's inventory, accounts receivable, or other assets: and installment consumer loans; and b) servicing such loans for others, in accordance with the Board's Regulation Y; and c) acting as agent or broker for credi t - related l i f e , accident, health or unemployment insurance; pursuant


1983 No. 24 - 2 9 -

APPL1CATI0NS RECEIVED - Continued

to Section 601(A) of T i t le VI of the Garn-St Germain Act) at 645 G. Street, Anchorage, Alaska, serving the State of Alaska, through i ts subsidiary, DBA Mortgage Company, Inc. (6/16/83)

REPORTS RECEIVED

Proxy Statement (Special Meeting) Filed Pursuant to Section 14(a) of the Securities Exchange Act

Heritage Bank & Trust Norfolk, Virginia

Independent Bank & Trust Co. West Trenton, New Jersey

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

Bank of the Commonwealth Deroit, Michigan (Filed by Comerica Corp.) Detroit, Michigan

PETITIONS FOR RULEMAKING

None.


Documents

h2_19830618.pdf