h2_19820320.pdf

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ANNOUNCEMENT BY APPLICABLE RESERVE BANK Kansas City Chicago Cleveland Atlanta Chicago Atlanta Kansas C i t y BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982~No. 12) Actions of the Board; Applications and Reports Received During the Week Ending March 20, 1982 ACTIONS OF THE BOARD Clearwater Home State Bancshares, Inc., Wichita, Kansas, extension of time to May 4, 1982, within which to con- summate the acquisition of Home State Bank of Clear- water, Clearwater, Kansas. ]/ KenBancorp, Kent land * Indiana, extension of time to April 17, 1982, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to Kentland Bank, Kentland, Indiana. ]/ Kentucky Bank-Shares of Lexington, Lexington, Kentucky, extension of time to April 30, 1982, within which to acquire the Bank of Lexington, Lexington, Kentucky, j/ Liberty Holding Company, Cantonment, Florida, extension of tine to August 11, 1982, within which to become a bank holding company through the acquisition of Liberty Bank of Cantonment, Florida. ]_/ NORTHWEST FUNDING, INC., Rockford, Illinois, extension of time to April 18, 1982, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of Northwest Bank of Rockford, Rock- ford, Illinois. ]/ Northwest Georgia Financial Corporation, Dallas, Georgia, extension of time to June 22, 1982, within which to become a bank holding company through the acquisition of the Citizens Bank, Dallas, Georgia. 2/ SOUTHWEST BANKSHARFS, INC., Rio Rancho, New Mexico, exten- Sion of time to June 18, 1982, within which to consummate the acquisition of Bank of the Southwest, Rio Rancho, New Mexico. 1/ ]/ Application processe^!)^ behalf of the Board of Governors under delegated authority. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Transcript of h2_19820320.pdf

  • ANNOUNCEMENT BY

    APPLICABLE RESERVE BANK

    Kansas City

    Chicago

    Cleveland

    Atlanta

    Chicago

    Atlanta

    Kansas Ci ty

    BOARD OF GOVERNORS OF THE

    FEDERAL RESERVE SYSTEM (H.2, 1982~No. 12)

    Actions of the Board; Applications and Reports

    Received During the Week Ending March 20, 1982

    ACTIONS OF THE BOARD

    Clearwater Home State Bancshares, Inc. , Wichita, Kansas, extension of time to May 4, 1982, wi thin which to con-summate the acquisi t ion of Home State Bank of Clear-water, Clearwater, Kansas. ] /

    KenBancorp, Kent land * Indiana, extension of time to Apr i l 17, 1982, wi th in which to become a bank holding company through the acquisi t ion of 100 percent of the voting shares of the successor by merger to Kentland Bank, Kentland, Indiana. ] /

    Kentucky Bank-Shares of Lexington, Lexington, Kentucky, extension of time to Apr i l 30, 1982, within which to acquire the Bank of Lexington, Lexington, Kentucky, j /

    Liberty Holding Company, Cantonment, Flor ida, extension of t ine to August 11, 1982, wi th in which to become a bank holding company through the acquisi t ion of Liberty Bank of Cantonment, Flor ida. ]_/

    NORTHWEST FUNDING, INC., Rockford, I l l i n o i s , extension of time to Apr i l 18, 1982, wi th in which to become a bank holding company through the acquisi t ion of 100 percent of the voting shares of Northwest Bank of Rockford, Rock-ford, I l l i n o i s . ] /

    Northwest Georgia Financial Corporation, Dallas, Georgia, extension of time to June 22, 1982, within which to become a bank holding company through the acquisit ion of the Cit izens Bank, Dallas, Georgia. 2 /

    SOUTHWEST BANKSHARFS, INC., Rio Rancho, New Mexico, exten-Sion of time to June 18, 1982, within which to consummate the acquis i t ion of Bank of the Southwest, Rio Rancho, New Mexico. 1/

    ] / Application processe^!)^ 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, 1982 No. 12 - 2 -

    ACTIONS OF THE BOARD-Continued

    Kansas City

    Kansas City

    Da Has

    Chicago

    San Francisco

    New York

    Chicago

    Da Has

    San Francisco

    United Missouri Bancshares, Inc . , Kansas Ci ty , Missouri, extension of time to July 13, 1982, within which to consummate the acquisi t ion of City Bancshares, Inc . , Kansas Ci ty , Missouri and thereby ind i rec t ly acquire City Bank and Trust Company of Kansas Ci ty , Kansas Ci ty , Missouri. ]_/

    American State Bank of Jackson, Jackson, Wyoming, exten-sion of time to July 5, 1982, within which Federal Reserve membership must be accomplished. ]_/

    F i rs t State Bank, Abilene, Texas, to invest in bank premises. ]_/

    F i rs t State Bank of Maple Park, Maple Park, I l l i n o i s , to invest in bank premises. ] /

    Liberty Bank, a proposed new bank, South San Francisco, Cal i -forn ia , extension of time to June 20, 1982, within which to complete the requirements for membership in the Federal Reserve System. J /

    Manufacturers Hanover Trust Company, New York, New York, extension of time to October 8, 1982, wi thin which to establ ish a branch at 130 John Street, New York, New York. _]_/

    Prai r ie State Bank, Bloomington, I l l i n o i s , application for pr ior approval to merge with Republic Bank of Bloomington, Bloomington, I l l i n o i s , under the charter of Republic Bank of Bloomington and t i t l e of Pra i r ie State Bank; report sent to the Federal Deposit Insurance Corporation on competitive factors. J /

    Southwest Bank, Mesquite, Texas, proposed merger with New Southwest Bank of Mesquite, Mesquite, Texas; report sent to the Federal Deposit Insurance Corporation on competitive factors. V

    Western Bank, Coos Bay, Oregon, proposed merger with The Oregon Bank, Portland, Oregon, under the charter and t i t l e of the l a t t e r ; report sent to the Federal Deposit Insurance Corporation on competitive factors. 1/

    ] / Application 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, 1982 No. 12 - 3

    ACTIONS OF THE BQARD-Continued

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

    Approved Philadelphia The Bank of New Jersey, Camden, New Jersey. To establish

    an o f f s i t e electronic f a c i l i t y at 117 West Main Street, Moorestown, New Jersey. J /

    San Valley Bank of Nevada, Las Vegas, Nevada. To establish a Francisco branch o f f i ce to be located at 885 Rancho Lane in the

    City of Las Vegas, Clark County, Nevada. J /

    San Fi 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 the in ter -

    section of Malibu Road and Webb Way, Unincorporated Commu-ni ty of Malibu, Los Angeles County, Cal i forn ia. J_/

    * * * * *

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

    Not Disapproved Kansas City Fi rs t National Charter Corporation, Kansas Ci ty , Missouri. j y

    Dallas Security Financial Corporation of Fredericksburg, Fredericks-burg, Texas. j_/

    Dallas F i rs t Mexia Bancshares, Inc. , Mexia, Texas. J /

    Dallas F i rs t State Bank., Inc . , Dimmitt, Texas. 1/

    * * * * *

    Applications and Not i f icat ions for International Invest-ments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

    Sixty Day Not i f icat ion Period Allowed to Expire Chicago Continental International Finance Corporation, Chicago,

    I l l i n o i s : no object to make an additional investment in Commercial Continental Limited, Sydney, Austral ia.

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

    8

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

  • H.2, 1982N0. 12 - 4 -

    ACTIONS OF THE BOARD-Continued

    Dallas Texas Commerce Bank, N.A., Houston, Texas: no objection to establish a branch in Republic of Singapore.

    Sixty Day Not i f ica t ion Period Waived Chicago F i rs t Chicago International Finance Corporation, Chicago,

    I l l i n o i s : no objection to make an additional investment in Banco Arf ina, S.A., Buenos Aires, Argentina.

    * * * * *

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

    Approved Atlanta Bank of Boston International South, Miami, Florida: grants

    consent to establish and operate a branch in Houston, Texas.

    * * * * *

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

    Withdrawn Dallas Rockwall Bancshares, Inc . , Rockwall, Texas, for approval to

    acquire at least 80 percent of the voting shares of The F i rs t State Bank, Rockwall, Texas. ]_/

    Approved Richmond Union Bancorp of West V i rg in ia , Inc . , Clarksburg, West

    V i rg in ia , for approval to acquire 100 percent of the voting shares of the successor by merger to The Union National Bank of Clarksburg, Clarksburg, West V i rg in ia . J /

    Chicago Dairy State Financial Services, Inc . , Plymouth, Wisconsin, fo r approval to acquire at least 80 percent of the voting shares of Dairy State Bank, Plymouth, Wisconsin. _]_/

    Chicago FIRST TAZEWELL BANCORP, INC., Peoria, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of The F i rs t National Bank in East Peoria, East Peoria, I l l i n o i s . 1/

    ]_/ Application 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, 1982 No. 12 5 -

    ACTIONS OF THE BOARD-Continued

    Chicago Fort Wayne National Corporation, Fort Wayne, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to Fort Wayne National Bank, Fort Wayne, Indiana. J./

    St. Louis Country Bancshares, Inc . , Hul l , I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of State Bank of Hu l l , Hu l l , I l l i n o i s . V

    Minneapolis BowbelIs Holding Company, Bowbells, North Dakota, for ap-proval to acquire 100 percent of the voting shares of The F i rs t National Bank of Bowbells, Bowbells, North Dakota. 1/

    Kansas City

    Kansas City

    Kansas City

    Dal las

    Dallas

    Dal las

    Dal las

    San Francisco

    F i rs t Dodge City Bancshares, Inc . , Dodge C i ty , Kansas, for approval to acquire at least 80 percent of the voting shares of F i rs t National Bancshares of Dodge Ci ty , Inc . , Dodge Ci ty , Kansas and ind i rec t l y F i rs t National Bank and Trust Company in Dodge Ci ty , Dodge Ci ty , Kansas. ]_/

    Security Bancorporation, Inc . , Boulder, Colorado, for ap-proval to acquire at least 98.2 percent of the voting shares of Security Bank of Boulder, Boulder, Colorado. ]_/

    Southwest Missouri Bancorporation, Inc . , Carthage, Missouri, for approval to acquire at least 80 percent of the voting shares of Southwest Missouri Bank, Carthage, Missouri. J_/

    F i rs t San Benito Bancshares, Inc . , San Benito, Texas, for approval to acquire at least 80 percent of the voting shares of F i rs t National Bank of San Benito, San Benito, Texas. V

    Groos Bancshares, Inc . , San Antonio, Texas, for approval to acquire 100 percent of the voting shares of The Groos National Bank of San Antonio, San Antonio, Texas, j y

    League City Bancshares, Inc . , League Ci ty , Texas, for ap-proval to acquire at least 80 percent of the voting shares of League City National Bank, League Ci ty , Texas. 1/

    West Carrol l Bancshares, Inc . , Oak Grove, Louisiana, for approval to acquire at least 80 percent of the voting shares of West Carrol l National Bank of Oak Grove, Oak Grove, Louisiana. \J

    Lincoln Bancorp, Sherman Oaks, Cal i fo rn ia , for approval to acquire 100 percent of the voting shares of Lincoln National Bank, Sherman Oaks, Ca l i fo rn ia , a proposed new bank. 1/

    T7 Application processed 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, 1982 No. 12 - 6 -

    ACTIONS OF THE BOARD-Continued

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

    Approved Chicago DETROITBANK Corporation, Det ro i t , Michigan, for approval

    to acquire 100 percent of the voting shares (less d i -rectors ' qua l i fy ing shares) of the successor by merger to Huron Valley National Bank, Ann Arbor, Michigan. J /

    Da 11 as CB8T Bancshares, Inc. , Cleveland, Texas, for approval to acquire 100 percent of the voting shares of Park National Bank, Porter, Texas, a proposed new bank. J /

    Dallas Texas Independent Bancshares, I nc . , Hitchcock, Texas, for approval to acquire 100 percent of the voting shares of Gulf National Bank, Texas C i ty , Texas, a proposed new bank. 1/

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

    of 1956

    Withdrawn San Security Paci f ic Corporation, Los Angeles, Cal i forn ia , for Francisco approval to reta in 6.7 percent of the voting shares of

    U.S. Trust Corporation, New York, New York, acquired in a f iduciary capacity by Security Paci f ic National Bank. 1/

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

    Approved San BankAnerica Corporation, San Francisco, Ca l i fo rn ia , for Francisco approval to expand the a c t i v i t i e s of i t s subsidiary,

    BA Cheque Corporation, San Francisco, Cal i forn ia .

    T7 Application 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, 1982 No. 12 - 7 -

    ACTIONS OF THE BOARD-Continued

    Permitted New York The Chase Manhattan Corporation, New York, New York, requests

    permission to establish a de novo o f f i ce engaging in the fol lowing a c t i v i t i e s (making or acquiring, for i t s own account and for the account of others, loans and other extensions of c red i t , both secured and unsecured including, but not l imi ted t o , consumer and business l ines of c red i t , installment loans for personal, household and business purposes and mortgage loans for personal, household and business purposes and mortgage loans secured by real property; servicing loans and other extensions of c red i t ; se l l i ng travelers checks at r e t a i l ; acting as insurance agent or broker for credi t l i f e insurance and credi t accident and health insurance d i rec t l y related to such lending and servicing ac t i v i t i e s ) at 100 Lincoln Place, Suite 122, Orlando, Flor ida, serving the State of Flor ida, through i t s subsidiary, Chase Manhattan Financial Services, Inc. (3/14/82) 3/

    New York C i t i corp , New York, New York, requests permission to expand the a c t i v i t i e s and service area of an exist ing o f f i ce (the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for consumer and other 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 cred i t related property and casualty insurance protecting real and personal property subject to a security agree-ment with Ci t icorp Person-to-Person Financial Center, Inc . , to the extent permissible under applicable state insurance laws and regulations; and the servic ing, for any person, of loans and other extensions of c red i t ; the new ac t i v i t y in which the o f f i ce is proposed to engage de novo i s : the making of loans to individuals and businesses to finance the purchase of mobile homes, modular units or related manufactured housing, together with the real property to which such housing is or w i l l be permanently a f f ixed, such property being used as security for the loans; the proposed expanded service area for a l l aforementioned pre-viously approved and proposed ac t i v i t i e s shall be the ent i re State of Colorado, except that the sale of credi t related property and casualty insurance is not included in th is no t i f i ca t i on ; credi t related l i f e , accident, and health

    J / 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 .

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

  • H.2, 1982 No. 12 - 8 -

    ACTIONS OF THE BOARD-Continued

    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 Cit icorp Person-to-Person Financial Center, Inc.) at 1777 S. Harrison Street, Colorado Center, Suite 200, Denver, Colorado, serving the ent i re State of Colorado, through i t s subsidiary, Cit icorp Person-to-Person Financial Center, Inc. (3/18/82) 3/

    New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the service area of an exist ing o f f i ce (arranging, making, or acquiring for i t s own account or the account of others extensions of credi t such as would be made by a consumer finance company and the sale as agent or broker of credi t l i f e and credi t accident and health insurance) at Majestic Savings Bui lding, Suite 303, 7200 E. Hampden Avenue, Denver, Colorado, serving the States of Colorado and Utah, through i t s subsidiary, Finance One of Colorado, Inc. (3/19/82) 3/

    Cleveland National City Corporation, Cleveland, Ohio, 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 (engaging in pro-moting the rev i ta l i za t ion of targeted low-to-moderate income neighborhoods in i t s banking subsidiaries' local communities throughout Ohio, while concentrating on the interests of present neighborhood residents by acquiring, developing, renovating, leasing, managing or se l l ing resident ial or small business commercial real estate, or providing the financing for such ac t i v i t y in pre-determined target areas, or by acting as research counselors, con-sul tants, and promotion counselors, par t icu lar ly to those engaged in redevelopment projects) at 1900 East Ninth St . , Cleveland, Ohio, serving the State of Ohio, through i t s subsidiary, National City Community Development Corporation (3/19/82) 3/

    Richmond Dominion Bankshares Corporation, Roanoke, V i rg in ia , n o t i f i -cation of intent to engage in de novo ac t i v i t i e s (acting as insurance agent or broker with respect to the fol lowing types of insurance related to or ar is ing out of loans made or credi t transactions involving Dominion Bankshares Mortgage Corporation, a subsidiary of Dominion Bankshares Corporation; credi t l i f e insurance, credi t accident and health insurance and credit d i sab i l i t y insurance; and nonconvertible term l i f e insurance) at 2001 Augustine Avenue, Fredericksburg, V i rg in ia , serving the c i t y of Fredericksburg and Caroline, Culpeper, King George, Spotsylvania and Stafford counties, V i rg in ia , through i t s subsidiary, Dominion Bankshares Services, Inc. (3/15/82) 3/

    3/ 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 .

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

  • H.2, 1982 No. 12 - 9

    ACTIONS OF THE BOARD-Continued

    San BankAmerica Corporation, San Francisco, Cal i forn ia , n o t i f i -Francisco cation of intent to engage in de novo ac t i v i t i es (providing

    por t fo l i o investment advice (real estate) to any person; furnishing general economic information and advice, providing f inancial advice to state and local governments on methods of financing real estate development projects and performing real estate appraisals) at 1777 North Cal i fornia Boulevard, Walnut Creek, Cal i forn ia ; 9550 Fla i r Drive, El Monte, Cal i forn ia and in Miami, Flor ida; Chicago, I l l i n o i s ; New York, New York; Houston, Texas and Washington, D.C., serving a l l f i f t y states and the D is t r i c t of Columbia, through i t s proposed di rect subsidiary, BA Appraisals, Inc. (a proposed Delaware corporation) (3/20/82)

    San BankAmerica Corporation, San Francisco, Cal i forn ia , n o t i f i -Francisco cation of i ten t to engage in de novo ac t i v i t i e s (making or

    acquiring for the i r 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 credi t related l i f e insurance and cred i t -related accident and health insurance; credi t related property insurance w i l l not be offered by ei ther corporation in the State of Flor ida; such ac t i v i t i es w i l l include, but not be l imi ted to , making consumer installment loans; pur-chasing installment sales finance contracts; making loans and other extensions of credi t secured by real and personal property; and of fer ing credi t - re lated l i f e and credi t - re lated accident and health insurance d i rec t l y related to extensions of credi t made or acquired by FinanceAmerica Corporation and FinanceAmerica Industr ial Plan Inc.) at 2612 W. 23rd Street, Panama Ci ty , Flor ida, serving the ent i re State of Flor ida, through i t s indirect subsidiaries, FinanceAmerica Corporation and FinanceAmerica Industr ia l Plan Inc. (both Florida corporations) (3/20/82) 3/

    San Security Pacif ic Corporation, Los Angeles, Cal i forn ia, n o t i f i -Francisco cation of intent to engage in de novo ac t i v i t i es ( in f i n -

    ancing, leasing and servicing ac t i v i t i e s with respect to personal property and equipment and real property) at 60 State Street, Boston, Massachusetts, serving the States of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, through i t s subsidiary, Security Pacif ic Leasing Corporation (3/19/82) 3/

    3/ 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.

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

  • H.2, 1982 No. 12 - 10 -

    APPLICATIONS RECEIVED

    Richmond

    Chicago

    San Francisco

    San Francisco

    San Francisco

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

    Farmers and Merchants Bank of Lee County, Pennington Gap, V i rg in ia . To establ ish a branch at the intersect ion of U.S. Highway 58 and State Route 573, Post H i l l , Lee County, V i rg in ia . ZJ

    The Old State Bank of Fremont, Fremont, Michigan. To establish a branch at the v i c i n i t y of 6831 West Main Street, Dayton Township, Newaugo County, Michigan. 2/

    Pacif ic Heritage Bank, Torrance, Cal i forn ia. Branch o f f i ce in the v i c i n i t y of the intersect ion of F i rs t Street and San Pedro Street in the L i t t l e Tokyo D is t r i c t of Los Angeles, Cal i forn ia . 2J

    Applications and Not i f icat ions for International Invest-ments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

    Security Pacif ic Overseas Corp., Los Angeles, Cal i fo rn ia , an Edge Act subsidiary of Security Pacif ic National Bank, Los Angeles, Cal i fo rn ia : pr ior no t i f i ca t ion of i t s intent to increase i t s indi rect investment in Marac Holdings Limited, Auckland, New Zealand.

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

    Seat t le-Fi rst National Bank, Seatt le, Washington: pr ior no t i f i ca t i on of i t s intent to establish a branch in Hong Kong

    2J 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.

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

  • H.2, 1982 No. 12 - 11 -

    APPLICATIONS RECEIVED-Continued

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

    Philadelphia Statewide Bancorp, Toms River, New Jersey, for approval to acquire 100 percent of the voting shares of The F i rs t National Bank of Toms River, Toms River, New Jersey. 2/

    Richmond Peoples Banking Co. of Cecil Co., Elkton, Maryland, for approval to acquire 100 percent of the voting shares of The Peoples Bank of Elkton, Elkton, Maryland. 2/

    Atlanta City National Bancshares, Inc. , Baton Rouge, Louisiana, for approval to acquire at least 80 percent of the voting shares of City National Bank of Baton Rouge, Baton Rouge, Louisiana. 2j

    Atlanta Lakeside Bancshares, Inc . , Lake Charles, Louisiana, for approval to acquire 100 percent of the voting shares of Lakeside National Bank of Lake Charles, Lake Charles, Louisiana. 2/

    Atlanta Pinellas Bancshares Corporation, St. Petersburg, Flor ida, for approval to acquire at least 80 percent of the voting shares of United Bank of Pinel las, St. Petersburg, Flor ida. 2/

    Atlanta Yazoo Capital Corporation, Yazoo Ci ty , Mississippi, for approval to acquire at least 80 percent of the voting shares of Bank of Yazoo Ci ty , Yazoo Ci ty , Mississippi. 2/

    Chicago CAMDEN FINANCIAL CORPORATION, Camden, Indiana, for approval to acquire 80 percent or more of the voting shares of The Camden State Bank, Camden, Indiana. 2]

    Chicago COMMERCIAL BANCSHARES, INC., Crown Point, Indiana, for ap-proval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of the successor by merger to The Commercial Bank, Crown Point, Indiana. 2/

    Chicago FN Bancorp, Warsaw, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to F i rs t National Bank of Warsaw, Warsaw, Indiana. 2/

    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.

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

  • H.2, 1982 No. 12 - 12 -

    APPLICATIONS RECEIVED-Continued

    St. Louis

    St. Louis

    Kansas City

    Kansas City

    Kansas City

    Dal las

    Dal las

    San Francisco

    San Francisco

    Latham Bancshares, Inc . , Tipton, Missouri, for approval to acquire at least 80 percent of the voting shares of The Bank of Latham, Latham, Missouri. 2J

    Marion Bancshares, Inc . , Lexington, Kentucky, for approval to acquire at least 91 percent of the voting shares of The Marion National Bank of Lebanon, Lebanon, Kentucky. 2/

    CNB Financial Corporation, Kansas C i ty , Kansas, for approval to acquire 100 percent of the voting shares of Commercial National Bank of Kansas C i ty , Kansas C i ty , Kansas. 2/

    Merchants Bancorporation, Topeka, Kansas, for approval to acquire 100 percent of the voting shares of The Merchants Bank of Topeka, N.A., Topeka, Kansas, a proposed new bank, the successor by merger to The Merchants National Bank of Topeka, Topeka, Kansas. 2/

    Midlands Financial Services, Inc . , Omaha, Nebraska, for ap-proval to acquire 94.75 percent of the voting shares of Nebraska State Bank of Omaha, Omaha, Nebraska. 2J

    Johnston County Bancshares, Inc . , Tishomingo, Oklahoma, for approval to acquire at least 80 percent of the voting shares of Bank of Johnston County, Tishomingo, Oklahoma. 2/

    Our Bancshares, I nc . , Booker, Texas, for approval to acquire 100 percent of the voting shares of F i rs t Bank & Trust Co., Booker, Texas. 2/

    Business Bancorp, Sari Jose, Ca l i fo rn ia , for approval to acquire 100 percent of the voting shares of Cal i fornia Business Bank, N.A., San Jose, Cal i fo rn ia , a proposed new bank. 2/

    Western Bank Holding Company, N.A., Bellevue, Washington, for approval to acquire 100 percent of the voting shares of F i rs t Western Bank, N.A., Bellevue, Washington. 2J

    2J 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.

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

  • H.2, 1982 No. 12 - 13 -

    APPLICATIONS RECEIVED-Continued

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

    Richmond Equitable Bancorporation, Baltimore, Maryland, for approval to acquire 100 percent of the voting shares of Equitable Bank, National Association, Baltimore, Maryland, the successor by merger to The Equitable Trust Company, Baltimore, Maryland and Columbia Bank and Trust Company, Columbia, Maryland. 2/

    Richmond Equitable Bancorporation, Baltimore, Maryland, for approval to acquire 100 percent of the voting shares of Farmers and Merchants National Bank of Hagerstown, the successor by merger to Farmers and Merchants Bank of Hagerstown, Hagerstown, Maryland. 2/

    Atlanta E l l i s Banking Corporation, Bradenton, Flor ida, for approval to acquire 51 percent or more of the voting shares of Bank of Indian Rocks, Largo, Flor ida. 2/

    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 and Trust Company, Port Charlotte, Flor ida. 2/

    Chicago Marine Bancorp, Inc . , Spr ingf ie ld, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i rectors ' qual i fy ing shares) of the successor by merger to American National Bank of Champaign, Champaign, I l l i n o i s . 2/

    St. Louis Mark Twain Bancshares, Inc . , St. Louis, Missouri, for approval to acquire 100 percent of the voting shares of Mark Twain Stadium Bank, N.A., St. Louis, Missouri, a proposed new bank. 7J

    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 n g s , B i l l i n g s , Montana. 2J

    Kansas City F i rs t Midwest Bancorp., Inc . , St. Joseph, Missouri, for ap-proval to acquire at least 93.1 percent of the voting shares of The Merchants and Farmers Bank of Salisbury, Salisbury, Missouri. _2/

    ZJ 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.

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

  • H.2, 1982 No. 12 - 14 -

    APPLICATIONS RECEIVED-Continued

    Kansas City The F i rs t National Bancorporation, Inc . , Denver, Colorado, for approval to acquire 100 percent of the voting shares of the successor by merger to Footh i l ls National Bank, Fort Col l ins , Colorado, t j

    Dallas F i rs t Bancshares of Texas, Inc . , Longview, Texas, for ap-proval to acquire 100 percent of the voting shares of Bank of Longview, National Association, Longview, Texas, a proposed new bank. 2J

    Dallas Mercantile Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares of Farmers State Bank of Round Rock, Round Rock, Texas. 2/

    * * * * *

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

    New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (arranging, making or acquiring for i t s own account or for the account of others, d i rect loans, real estate equity loans and other extensions of credi t such as would be made by an industr ia l loan company, servicing such loans and other extensions of credi t for any person; and acting as an agent or broker 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 l y related to such loans and extensions of c red i t , and from which Finance One Mortgage would engage in the ac t i v i t i e s of arranging, making or acquiring for i t s own account or for the account of others installment sales finance con-t rac t s , real estate equity loans and other extensions of credi t such as would be made by a finance company and acting as agent or broker for the sale of single and j o i n t 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 ) at ENI Bui lding, 110 110th Avenue, N.E., Bellevue, Washington, serving the ent i re State of Washington, through i t s subsidiar ies, Finance One Industr ial Loan Company and Finance One Mortgage of Washington, Inc. (3/19/82)

    If 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.

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

  • H.2, 1982 No. 12 15 -

    APPLICATIONS RECEIVED-Continued

    New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo o f f i ce engag-ing in the fol lowing ac t i v i t i es (arranging, making or acquiring for i t s own account or for the account of others, d i rect loans, real estate equity loans, sales finance and other extensions of credi t such as would be made by a finance company and acting as an agent or broker for the sale of single and j o i n t credi t l i f e insurance which is d i rec t ly related to such loans and extensions of credi t ) at 4500 Holland Road, Virginia Beach, V i rg in ia , through i t s subsidiary, Finance One Mortgage of V i rg in ia , Inc. (3/19/82)

    New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo o f f i ce engaging in the fol lowing ac t i v i t i es (operating a t h r i f t and loan as authorized by Cal i fornia law, including the acceptance of t h r i f t ce r t i f i ca tes , making or acquiring loans and other extensions of credi t such as would be made by a t h r i f t and loan, and acting as agent or broker for the sale of single and j o i n t credi t l i f e insurance, credi t accident and health insurance and property insur-ance related to such loans and other extensions of c red i t ) at 465 North Labrea Avenue, Los Angeles, Cal i-fo rn ia , through i t s subsidiary, Finance One Thr i f t of Ca l i fo rn ia , Inc. (3/15/82)

    New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo o f f i ce engaging in the fol lowing ac t i v i t i e s (operating in an industr ia l bank as authorized by Colorado law, including the acceptance of deposits, making, acquir ing, and ser-vicing loans and other extensions of credi t such as would be made by an industr ia l bank, and acting as agent or broker for the sale of single and j o i n t credi t l i f e insurance, credi t accident and health insurance, and property insurance, related to such loans and other extensions of c red i t ) at 12308 W. 64th Avenue, Arvada, Colorado, through i t s subsidiary, Arvada Continental Industr ia l Bank (3/15/82)

    Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylania, no t i f i ca t i on of intent to engage in de novo ac t i v i t i es (the so l i c i t a t i on and making of loans secured by accounts receivable, inventory, machinery and equipment and/or other commercial finance co l la tera l from and to businesses and corporations located in the State of Michigan and portions of adjacent States) at 3000 Town Center, Southf ield, Michigan, through i t s subsidiary, Congress Financial Corpora-t ion (a Cal i forn ia Corporation) (3/18/82)

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

  • H.2, 1982 No. 12 - 16 -

    APPLICATIONS RECEIVED-Continued

    Philadelphia Univest Corporation of Pennsylvania, Souderton, Pennsylvania, 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 creat ion, purchase, or otherwise acquire, hold for in-vestment , service, s e l l , assign, hypothecate, or pledge or otherwise deal i n , for i t s own account, or as agent, broker, or service company for others, mortgage loans secured by real estate, acquired with funds of the corporation, or under i t s contro l ; servicing mortgage and mortgage loans, servicing mortgage and mortgage loans which are issued and insured under the provisions of the National Housing Act and any other laws of the United States of America or the Commonwealth of Pennsylvania; acting as and being an approved mortgagee under the National Housing Act or any other laws; to purchase, improve, hold, acquire, lease, operate, mortgage, foreclosure, s e l l , and generally deal in real estate for the protect ion, preservation, and security of the company's interest therein; making investigations into c red i t , issue credi t reports, making appraisals and the l i ke for the protect ion of the company's interest therein; and acting as agent for insurance companies in so l i c i t i ng and receiving applications for f i r e , casualty, l i f e , l i a b i l i t y , burglary, ren t , credi t l i a b i l i t y , and mortgage insurance, and any and a l l other kinds of insurance, the col lect ion of premiums, and doing such other business as may be delegated to agents by such companies, to conduct and carry on a general insurance agency and insurance brokerage business and to have a l l powers necessary and incidental thereto) at 14 Main Street, Souderton, Montgomery County, Pennsylvania, serving Penn-sylvania, New Jersey, and Delaware, through i t s subsidiary, Univest Mortgage Company (3/16/82)

    Richmond Southern Bancorporation, Inc . , Greenvi l 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 credi t as a licensed consumer f i -nance lender; acting as agent for credi t and accident insurance wr i t ten in connection with such extensions of c red i t ; and acting as agent for credi t property insurance wr i t ten soley in connection with such extensions of c red i t ) at 113 South Paterson Street, Valdosta, Georgia, the geographic area to be served includes the c i t y of Valdosta and parts of Lowndes county, through a subsidiary, World Acceptance Corporation (3/15/82)

    Richmond Vi rg in ia National Bankshares, Inc . , Norfolk, V i rg in ia , no t i -f i ca t ion of intent to engage in de novo ac t i v i t i es (making, acquir ing, and servic ing, for i t s own account or for the account of others, loans secured pr inc ipa l ly by second mortgages on real property and acting as an agent in the sale of cred i t l i f e insurance and accident and health

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

  • H.2, 1982 No. 12 17 -

    Atlanta

    Atlanta

    San Francisco

    APPLICATIONS RECEIVED-Continued

    insurance in connection with such loans) at 4950 West Kennedy Boulevard, Tampa, Florida and North Regency One, 9485 Regency Square Bui lding, Jacksonvil le, Flor ida, the trade areas w i l l be Tampa and Jacksonvil le, respectively and the i r environs, through a subsidiary, VNB Equity Corporation (3/16/82)

    F i rs t Mississippi National Corporation, Hattiesburg, Mississ ippi , 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 (acting as insurance agent or broker in o f f i ces at which the subsidiary is otherwise engaged in business for the sale of l i f e , accident and health, and property and casualty insurance d i rec t l y related to extensions of credi t by such subsidiary and acting as agent or broker in the sale of any insurance for the holding company and i t s subsidiaries) at 1102 Highway 49 North, Hattiesburg, Mississippi , serving Alabama, northwest F lor ida, Louisiana, Mississippi and east Texas, through i t s subsidiary, Continental Leasing Corporation (3/16/82)

    Tennessee National Bancshares, Inc . , Maryvi l le, Tennessee, for approval to acquire 100 percent of the voting shares of Professional Leasing, Inc . , Knoxvi l le, Tennessee.

    Security Pacif ic Corporation, Los Angeles, Cal i forn ia , no-t i f i c a t i o n 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, asset based business loans and other commercial or industr ia l loans and extensions of credi t such as would be made by a factor ing, rediscount or commercial finance company and engaging generally in the factor ing business) in At lanta, Georgia and Houston, Texas, serving the United States, through i t s subsidiary, Security Pacif ic Business Credit Inc. (3/20/82)

    * * * * *

    REPORTS RECEIVED

    Current Report Filed Pursuant to Section 13 of the Securit ies Exchange Act

    Commercial Trust Company of New Jersey, Jersey Ci ty , New Jersey.

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

  • - 18 -

    APPLICATIONS RECEIVED-Continued

    PETITIONS FOR RULEMAKING

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