h2_19801004.pdf
TRANSCRIPT
ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM (H.2, 1980 No. 40)
Act ions of t h e Board; A p p l i c a t i o n s and Repor t s
Received During t h e Wedc Ending October 4 , 1980 APPLICABLE
RESERVE BANK ACTIONS OF THE BOARD
R e g u l a t i o n K, I n t e r n a t i o n a l Banking O p e r a t i o n s , t h e Board i s sued f i n a l r e g u l a t i o n s implementing p r o v i s i o n s of the I n t e r n a t i o n a l Banking Act t h a t l i m i t the i n t e r s t a t e bank-ing a c t i v i t i e s of f o r e i g n banks in the United S t a t e s ; the r e g u l a t i o n s become e f f e c t i v e October 2, 1980. (Docket No. 0258)
Regu la t i on E, t e c h n i c a l amendments, e f f e c t i v e October 3 , 1980, to implement t he E l e c t r o n i c Fund T r a n s f e r Act; and a pro-posed amendment to be Issued f o r p u b l i c comment; t he Board r eques t ed comment on i t s proposa l by November 5, 1980.
O v e r - t h e - c o u n t e r s t o c k s , r e v i s e d l i s t p u b l i s h e d .
Chicago Ant ioch Bancshares , I n c . , Ant loch , I l l i n o i s , ex tens ion of t ime to December 22, 1980, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of 100 percent of t h e v o t i n g sha re s of the succes so r by merger to The F i r s t Nat iona l Bank of Ant ioch , Ant ioch , I l l i n o i s . 1J
A t l a n t a Credi tbank Sha re s , I n c . , Hollywood, F l o r i d a , e x t e n s i o n of time to January 3 , 1981, w i t h i n which to become a bank holding company by a c q u i r i n g s h a r e s of Cred i tbank , Miami, F l o r i d a . V
Kansas Ci ty E q u i t a b l e Bankshares of Colorado, I n c . , Denver, Colorado, e x -t e n s i o n of t ime to February 7 , 1981, w i t h i n which to con-summate the a c q u i s f t i o n of The Women's Bank, N.A. , Denver, Colorado . 1/
D a l l a s Ex t r a Co. , Temple, Texas , e x t e n s i o n of time to December 31 , 1980, w i t h i n which to consummate the a c q u i s i t i o n of F i r s t Na t iona l Bank of Temple, Temple, Texas . 1/
1 / A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .
i Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 — 2 —
ACTIONS OF THE BOARD-Continued
Chicago FIRST BLOOMINGTON CORPORATION, Bloomington, I l l i n o i s , e x t e n s i o n of time to December 30, 1980, w i t h i n which to become a bank ho ld ing company through the a c q u i s i t i o n of 100 pe rcen t of the v o t i n g s h a r e s of The Nat iona l Bank of Bloomington, Bloomington, I l l i n o i s . 1 /
D a l l a s F i r s t Duncanvi l le Corpora t ion , Duncanv i l l e , Texas , e x t e n s i o n of t ime to December 30, 1980, w i t h i n which to a cqu i r e F i r s t Na t iona l Bank of Duncanv i l l e , Duncanv i l l e , Texas . 1/
Minneapol is F i r s t Na t iona l Corpora t ion in Ontonagon, Ontonagon, Michigan, e x t e n s i o n of time w i t h i n which to consummate the a c q u i s i t i o n of t h e F i r s t Na t iona l Bank i n Ontonagon, Ontonagon, Michigan. 1/
San F ranc i sco
Kansas Ci ty
F i r s t Secu r i t y C o r p o r a t i o n , S a l t Lake C i t y , Utah, e x t e n s i o n of time to January 29, 1981, w i t h i n which to acqu i r e F i r s t S e c u r i t y Bank of S t . George, N.A. , S t . George, Utah, a pro-posed new bank. If
Firs tBank Holding Company, Lakewood, Colorado, e x t e n s i o n of t ime to January 12, 1981, w i t h i n which to open the fo l lowing banks: F i r s tBank of Governor ' s Ranch, N.A. , Denver, Colorado and F i r s tBank of V i l l a I t a l i a , N.A., Lakewood, Colorado, a proposed new bank. 1/
Boston I n d u s t r i a l Na t iona l Corpora t ion , P rov idence , Rhode I s l a n d , a two-year ex t ens ion of time w i t h i n which to d ispose of c e r t a i n r e a l e s t a t e . 1/
New York Key Banks I n c . , Albany, New York, r e q u e s t i n g an ex t ens ion of t ime w i t h i n which to acqu i re C i t i z e n s Nat iona l Bank and T r u s t Company, W e l l s v i l l e , New York. 1/
Kansas C i ty Mountain Banks, L t d . , Denver, Colorado, ex tens ion of time to January 21, 1981, w i th in which to consummate the a c q u i s i t i o n of L o u i s v i l l e Mountain Bank, N.A. , L o u i s v i l l e , Colorado. 1/
Kansas Ci ty Mountain F i n a n c i a l S e r v i c e s , I n c . , Denver, Colorado, e x t e n s i o n of time to January 11, 1981, w i t h i n which to consummate t h e a c q u i s i t i o n of L o u i s v i l l e S t a t e Bank, L o u i s v i l l e , Colorado. 1/
I f A p p l i c a t i o n processed by on behalf of the Board of Governors under de lega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 3 -
ACTIONS OF THE BOARD-Continued
Boston P a t r i o t Banco rpo ra t i on , Boston, Massachuse t t s , e x t e n s i o n of t ime to January 2 , 1981, t o form a bank holding company through the a c q u i s i t i o n of Harbor Na t iona l Bank of Boston, Boston, Massachuse t t s and Brookl ine T r u s t Company, Brook l ine , Massachuse t t s . JL/
Cleveland Peoples Bancorp I n c . , M a r i e t t a , Ohio, e x t e n s i o n of time to December 26, 1980, w i t h i n which to acqu i r e t h e P e o p l e ' s Banking and T r u s t Company, M a r i e t t a , Ohio . 1 /
S t . Louis Union of Arkansas C o r p o r a t i o n , L i t t l e Rock, Arkansas , ex ten -s i o n of t ime to January 12, 1981, w i t h i n which to become a bank hold ing company through t h e a c q u i s i t i o n of t h e Union Na t iona l Bank of L i t t l e Rock, L i t t l e Rock, Arkansas . V
Richmond Wachovia Corpo ra t i on , Winston-Salem, North C a r o l i n a , a two-yea r e x t e n s i o n of time w i t h i n which to d i v e s t i t s ownership in r e a l e s t a t e i n d i r e c t l y he ld i n a j o i n t ven ture through i t s wholly-owned s u b s i d i a r y , Wachovia Mortgage Company, Winston-Salem, North C a r o l i n a . JL/
Da l l a s West Side Bancshares , I n c . , San Angelo, Texas , e x t e n s i o n of t ime to December 1, 1980, w i t h i n which to consummate the a c q u i s i t i o n of West Side Nat iona l Bank of San Angelo, San Angelo, Texas . 17
Cleveland Bank of Corning , Corning, Ohio, t o i n v e s t In bank p remises . V
Richmond C e n t r a l F i d e l i t y Bank, Norfo lk , V i r g i n i a , to i n v e s t in bank p r e m i s e s . J L /
Chicago C i t i z e n s Bank and Trus t Company, Park Ridge , I l l i n o i s , t o i n v e s t i n bank p remises . J L /
Richmond Northern V i r g i n i a Bank, S p r i n g f i e l d , V i r g i n i a , t o i n v e s t in bank p remises . V
Cleveland S t . Henry Bank, S a i n t Henry, Ohio, t o i n v e s t in bank premises . JL/
San United C a l i f o r n i a Bank, Los Angeles , C a l i f o r n i a , ex tens ion of F r a n c i s c o t ime to Apr i l 24, 1981, w i th in which to e s t a b l i s h a branch
in t h e v i c i n i t y of the i n t e r s e c t i o n of Greenleaf Avenue and Penn S t r e e t (a motor banking f a c i l i t y to suppor t the ope ra t i ons of i t s W h i t t i e r main o f f i c e ) , W h i t t i e r , C a l i f o r n i a . JL/
1/ A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 4
New York
New York
San F r a u d sco
D a l l a s
ACTIONS OF THE BOARD-Contlnued
United J e r s e y Bank's, P r i n c e t o n , New J e r s e y , r e q u e s t i n g an a d d i t i o n a l ex tens ion of t ime w i t h i n which to d i v e s t of Pose idon P o o l s , I n c . 1/
United S t a t e s T r u s t Company of New York, New York, New York, e x t e n s i o n of time w i t h i n which to open a branch o f f i c e a t 9 - 1 1 West 54 th S t r e e t , New York, New York. JL/
D e r e g i s t r a t i o n under Regu la t ion G f o r 0 Bee Cred i t Union, Tumwater, Washington. V
D e r e g i s t r a t i o n under Regu la t ion G f o r the fo l l owing : Randolph-Brooks F e d e r a l C r e d i t Union, Universa l C i t y , Texas; Richmond P r o d u c t i o n C r e d i t A s s o c i a t i o n , Sugar Land, Texas; and f o r Roswell P roduc t ion Cred i t A s s o c i a t i o n , Roswel l , New Mexico. 1/
Chicago
San F r a n c i s c o
P h i l a d e l p h i a
Chicago
Aurora Na t iona l Bank, Aurora , I l l i n o i s , p roposa l to merge w i t h C i t i z e n s Na t iona l Bank of Aurora , I l l i n o i s , under the c h a r t e r
• and t i t l e of Aurora Na t iona l Bank, Aurora , I l l i n o i s ; r e p o r t to t he Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . J L /
Bank of Olympia, Olympia, Washington, proposed merger w i t h Puget Sound Na t iona l Bank, Tacoma, Washington; r e p o r t to t h e Comptro l le r of the Currency on compe t i t ive f a c t o r s . V
Bur l ing ton County Na t iona l Bank, Medford, New J e r s e y , proposed merger w i t h Guarantee Bank, A t l a n t i c C i t y , New J e r s e y , under the c h a r t e r and t i t l e of Guarantee Bank; r e p o r t to the Fede ra l Depos i t Insu rance Corpora t ion on compet i t ive f a c t o r s . 1/
CG Bank, Cary , I l l i n o i s , proposed merger with Suburban Bank of Cary-Grove, Cary, I l l i n o i s , under the c h a r t e r and t i t l e of Suburban Bank of Cary-Grove, Cary , I l l i n o i s ; r e p o r t to t h e Fede ra l Depos i t Insurance Corpora t ion on compet i t ive f a c t o r s . 1/
D a l l a s
Richmond
C i t i z e n s Bank, R icha rdson , Texas , p roposa l to merge w i t h New C i t i z e n s Bank, R ichardson , Texas; r e p o r t to the Fede ra l Deposi t Insurance Corpora t ion on compet i t ive f a c t o r s . V
C i t i z e n s Bank and T r u s t Company of Maryland, R i v e r d a l e , Maryland, proposed merger w i t h Century Na t iona l Bank, Chevy Chase, Maryland; r e p o r t to t h e F e d e r a l Deposi t Insurance Corpora t ion on compe t i t ive f a c t o r s . V
1 / A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 5 -
ACTIONS OF THE BOARD-Continued
S t . Louis City N a t i o n a l Bank of F o r t Smith, Fort Smith, Arkansas , p ro -posa l to merge with Third Na t iona l Bank of For t Smith, Arkansas; r e p o r t to the Comptrol ler of the Currency on c o m p e t i t i v e f a c t o r s • 1/
Chicago F i r s t Na t iona l Bank of Des P l a i n e s , I l l i n o i s , p roposa l to merge with P r a i r i e Lee Na t iona l Bank, Des P l a i n e s , I l l i n o i s , under the c h a r t e r and t i t l e of The F i r s t Na t iona l Bank of Des P l a i n e s , Des P l a i n e s , I l l i n o i s ; r e p o r t to the Comptrol ler of the Currency on compe t i t i ve f a c t o r s . JL/
A t l a n t a F i r s t Na t iona l Bank of F l o r i d a , Tampa, F l o r i d a , proposed merger w i t h I n t e r City Na t iona l Bank of Bradenton , Bradenton, F l o r i d a , and Na t iona l Bank of C o l l i e r County, Marco I s l a n d , F l o r i d a ; r e p o r t to the Comptro l le r of the Currency on compet-i t i v e f a c t o r s • 1J
P h i l a d e l p h i a F i r s t Na t iona l Bank of Honey Brook, Honey Brook, Pennsy lvan ia , proposed a c q u i s i t i o n of a s s e t s and assumption of l i a b i l i t i e s by Bank of Pennsy lvan ia , Reading, Pennsylvania ; r e p o r t to the F e d e r a l Deposi t In su rance Corpora t ion on compe t i t i ve f a c t o r s . 1/
A t l a n t a F i r s t Na t iona l Bank of McDonough, McDonough, Georg ia , proposed merger wi th F i r s t Na t iona l I n t e r i m Bank of McDonough, McDonough, Georgia ; r e p o r t to the Comptro l le r of the Currency on compet-i t i v e f a c t o r s . 1/
P h i l a d e l p h i a F i r s t Na t iona l Bank of Moncanaqua, Mocanaqua, Pennsy lvan ia , p ro -posed a c q u i s i t i o n of a s s e t s and assumption of l i a b i l i t i e s by N o r t h e a s t e r n Bank of Pennsy lvan ia , Mount Pocono, Pennsylvania ; r e p o r t to t h e F e d e r a l Deposi t Insu rance Corpora t ion on compet-i t i v e f a c t o r s . 1 /
Chicago Na t iona l Bank of Bloomington, Bloomington, I l l i n o i s , p roposa l to merge wi th Bloomington Bank, N.A., Bloomington, I l l i n o i s , under the c h a r t e r and t i t l e of The Nat iona l Bank of Bloomington, Bloomington, I l l i n o i s ; r e p o r t to t he Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . J L /
San Nor thshore F i r s t Na t iona l Bank, B o t h e l l , Washington, proposed F r a n c i s c o merger w i t h P a c i f i c Na t iona l Bank of Washington, S e a t t l e ,
Washington; r e p o r t to t he Comptrol ler of the Currency on compe t i t i ve f a c t o r s . 1 /
1 / A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 6
ACTIONS OF THE BOARD-Continued
A t l a n t a Peach t r ee Bank and T r u s t Company, Chamblee, Georgia , proposed merger with Peach t ree I n t e r i m Company, I n c . , Chamblee, Georgia; r e p o r t to the Federa l Deposi t Insurance Corpora t ion on compet-i t i v e f a c t o r s . I /
San Pen insu l a S t a t e Bank, Gig Harbor , Washington, proposed merger F r a n c i s c o wi th Puget Sound Na t iona l Bank, Tacoma, Washington; r e p o r t
to the Comptrol le r of the Currency on compe t i t ive f a c t o r s . 1/
San R a i n i e r Na t ion l Bank, S e a t t l e , Washington, 145th and 15th N.E. F ranc i sco Branch, proposed merger with Old Na t iona l Bank of Washington,
Spokane; r e p o r t to the Comptro l le r of the Currency on compet-i t i v e f a c t o r s . 1/
Chicago Republ ic Bank of Edgewood, Coun t rys ide , I l l i n o i s , proposed merger wi th Edgewood Bank, Coun t rys ide , I l l i n o i s , under t h e c h a r t e r and t i t l e of Edgewood Bank, Coun t rys ide , I l l i n o i s ; r e p o r t to t h e F e d e r a l Deposi t Insurance Corpora t ion on compet-i t i v e f a c t o r s . 1 /
A t l a n t a Ta l ladega Na t iona l Bank, T a l l a d e g a , Alabama, proposed merger wi th F i r s t Alabama Bank of Ta l l adega County, N.A. , Ta l l adega , Alabama; r e p o r t to the Comptrol le r of the Currency on compet-i t i v e f a c t o r s . 1/
Boston
Da l l a s
Union T r u s t Company of B r i d g e p o r t , B r i d g e p o r t , Connec t icu t ; proposed c o n s o l i d a t i o n with Union T r u s t Company, New Haven, Connnec t icu t ; r e p o r t to the Federa l Depos i t Insurance Corpora-t i o n on c o m p e t i t i v e f a c t o r s . If
West Side Na t iona l Bank of San Angelo, San Angelo, Texas , p r o -posa l t o merge with New West Side Na t iona l Bank of San Angelo, San Angelo, Texas; r e p o r t to the Comptro l le r of the Currency on c o m p e t i t i v e f a c t o r s . 1/
TJ A p p l i c a t i o n p r o c e s s e d o n behal f of the Board of Governors under de lega ted a u t h o r i t y .
l
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 — 7 —
ACTIONS OF THE BOARD-Continued
To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of the F e d e r a l Reserve Act
Approved A t l a n t a The Bank of New Orleans and T r u s t Company, New Or l eans ,
L o u i s i a n a . Branch to be e s t a b l i s h e d on General De Gaule Drive between the i n t e r s e c t i o n s of Garden Oaks Drive and the proposed Ohio S t r e e t , New O r l e a n s , L o u i s i a n a . V & 2 /
Chicago Bankers T r u s t Company, Des Moines, Iowa. To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y on the premises of the Nor th-wes te rn B e l l Telephone Company, 604 9th S t r e e t , Des Moines, Iowa. 17 & 2 /
* * * * *
To Merge Pursuant to Sec t ion 18(c) of t h e F e d e r a l Deposi t I n s u r a n c e Act
Approved Chicago S e c u r i t y Savings Bank, Marsha l l town, Iowa, to merge wi th
S t a t e Bank, Gladbrook, Iowa. 1 / & 2 /
Cleveland AmeriTrust Company, C leve land , Ohio, t o merge AmeriTrust Company of Por t age County, Kent , Ohio; AmeriTrust Company of C i n c i n n a t i , C i n c i n n a t i , Ohio; and AmeriTrust Company of Medina County, Medina, Ohio . 1/& 2J
* * * * *
To Become a Member of the Federa l Reserve System Pursuan t t o S e c t i o n 9 of the F e d e r a l Reserve Act
Approved San P a c i f i c H e r i t a g e Bank, Tor rance , C a l i f o r n i a . 1/ & 7J F r a n c i s c o
1 7 A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .
2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of t he a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 8
ACTIONS OF THE BOARD-Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t -ments and Other Act ions Pursuant to S e c t i o n s 25 and 25(a) of the Fede ra l Reserve Act and Sec t ions 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act of 1956, as amended
S i x t y Day N o t i f i c a t i o n Per iod Allowed to Exp i re San BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a : no o b j e c -F r a n c i s c o t i o n to an a d d i t i o n a l inves tment i n i t s i n d i r e c t s u b s i d i a r y ,
FinanceAmerica Canada L imi t ed , O n t a r i o , Canada.
* * * * *
To Form a Bank Holding Company Pursuant to Sec t ion 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Withdrawn A t l a n t a F i r s t S t a t e Bancsha res , I n c . , Va ldos t a , Georg ia , f o r approval
to a c q u i r e 75.89 p e r c e n t of the v o t i n g s h a r e s of Farmers and Merchants Bank, Adel , Georg ia . 1/ & 2/
D a l l a s Greenspoint Bancshares , I n c . , Houston, Texas , f o r approval to a c q u i r e 100 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the v o t i n g s h a r e s of Greenspoint Bank, Houston, Texas . 1/ & 2/
Approved Boston S e c u r i t y Bancorp, I n c . , Hampton, New Hampshire, f o r approval
to a c q u i r e 100 pe rcen t of the v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the successor by merger to Hampton N a t i o n a l Bank, Hampton, New Hampshire. 37 & 2 /
C leve land . C i t i z e n s I n c o r p o r a t e d , Evans C i t y , Pennsy lvan ia , f o r approval to a c q u i r e 80 pe r cen t o r more of the vo t ing s h a r e s of C i t i z e n s Na t iona l Bank of Evans C i t y , Evans C i t y , Pennsy lvan i a . 2J
A t l a n t a Atkinson County Banksjiares C o r p o r a t i o n , Wil lacoochee , Georg ia , f o r approva l to a c q u i r e 100 pecent of t h e v o t i n g s h a r e s of The Peoples Bank, Wi l lacoochee , Georg i a . JL/ & 27
l 7 A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .
2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community ~~ Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be con t ac t ed
as to the l e n g t h of the comment p e r i o d .
I Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 9 -
ACTIONS OF THE BOARD-Continued
A t l a n t a Catoosa Bancshares , I n c . , For t Ogle thorpe , Georg ia , f o r ap-p rova l to a c q u i r e a t l e a s t 85 percent of t h e v o t i n g s h a r e s of F o r t Ogle thorpe S t a t e Bank, For t Og le thorpe , Georg ia . 1/ & 2/
A t l a n t a
A t l a n t a
A t l a n t a
Chicago
Gumming Bancshares , I n c . , Gumming, Georg ia , f o r approval to a cqu i r e 100 percent of t h e v o t i n g s h a r e s of Bank of Gumming, Gumming, Georg ia . V & 2 /
F i r s t Englewood Bank C o r p . , Englewood, F l o r i d a , fo r approval to a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of Englewood Bank and T r u s t , Englewood, F l o r i d a . JL/ & 2 /
F i r s t S t a t e Bancshares , I n c . , Va ldos t a , Georg ia , f o r approval to a cqu i r e 100 percent of t h e v o t i n g s h a r e s of F i r s t S t a t e Bank and T r u s t Company, V a l d o s t a , Georg i a . 1/ & 2 /
Elmwood F i n a n c i a l C o r p o r a t i o n , Racine , Wisconsin , fo r approval to a c q u i r e 80 pe rcen t of the vo t i ng s h a r e s of Bank of Elmwood, Racine , Wiscons in . 1/ & 2/
Chicago F i r s t P a u l l i n a Bancorp, P a u l U n a , Iowa, f o r approval to a cqu i r e 95 .5 percen t of t h e v o t i n g s h a r e s of F i r s t Na t iona l Bank of P a u l l i n a , P a u l l i n a , Iowa. 1/ & 2 /
Chicago Northwood F i n a n c i a l S e r v i c e s C o r p o r a t i o n , Northwood, Iowa, f o r approval to a c q u i r e 80 pe rcen t o r more of the v o t i n g s h a r e s of Northwood S t a t e Bank, Northwood, Iowa. J L / & 2J
S t . Louis DuBank Holding I n c . , Carbondale , I l l i n o i s , f o r approval to a c q u i r e 88 .28 percent of t h e v o t i n g s h a r e s of DuQuoin S t a t e Bank, DuQuoin, I l l i n o i s . 1I & 2 /
S t . Louis Royal Bancsha res , I n c . , U n i v e r s i t y C i t y , M i s s o u r i , fo r approval to a c q u i r e 80 pe rcen t o r more of the v o t i n g s h a r e s of C i t i z e n s Bank of U n i v e r s i t y C i t y , U n i v e r s i t y C i t y , Missour i and West Side Na t iona l Bank, Glenda le , M i s s o u r i . J L / & 2 /
Minneapol i s Hunter Holding Company, Hun te r , North Dakota, fo r approva l t o a c q u i r e 100 pe rcen t of the v o t i n g s h a r e s ( l e s s d i r e c t o r s 1
q u a l i f y i n g s h a r e s ) of S e c u r i t y S t a t e Bank of Hun te r , Hunte r , North Dakota . 1 / & 2 /
l 7 A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .
2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con t ac t ed a s to the l eng th of the comment p e r i o d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40
Kansas Ci ty
Da l l a s
D a l l a s
D a l l a s
Da l l a s
San F r a n c i s c o
— 1 0 —
ACTIONS OF THE BOARD-Continued
Douglas B a n c o r p o r a t i o n , I n c . , P a r k e r , Colorado, f o r approval to a cqu i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Bank of the West, P a r k e r , Colorado. 1/& 2 /
Cen-Tex Bancsha res , I n c . , Georgetown, Texas , fo r approva l t o a c q u i r e a t l e a s t 80 pe rcen t of the vo t i ng s h a r e s of The F i r s t Na t iona l Bank of Georgetown, Georgetown, Texas . V & 2J
Houston American F i n a n c i a l Co rpo ra t i on , Houston, Texas , f o r approva l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of American Bank, Houston, Texas . If & 2 /
Montwood Bancsha res , I n c . , E l Paso , Texas , f o r approval t o a c q u i r e 80 pe rcen t of the v o t i n g s h a r e s of Montwood Na t iona l Bank, El Paso , Texas . 1/ & 2 /
Orange Bancshares , I n c . , Orange, Texas , f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Orange Bank, Orange, Texas . V & 2 /
Northwest Bancshares , I n c . , Vancouver, Washington, fo r a p -prova l to a c q u i r e 80.06 p e r c e n t of the vo t ing s h a r e s of Northwest Na t iona l Bank, Vancouver, Washington. V & 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Sec t ion 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
Approved Chicago F i r s t Co lon i a l Bankshares Corpo ra t i on , Chicago, I l l i n o i s ,
f o r approval to a c q u i r e 10.67 pe r cen t of the vo t ing s h a r e s of Northwest Commerce Bank, Rosemont, I l l i n o i s . JL/ & 2 /
Chicago The Marine C o r p o r a t i o n , Milwaukee, Wisconsin , f o r approval to a c q u i r e 100 percent of t h e v o t i n g sha re s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the succes so r by merger to F i r s t Na t iona l Bank and T r u s t Company of Rac ine , Racine , Wiscons in . 2 /
1/ A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .
2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l e n g t h of the comment p e r i o d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 11 -
ACTIONS OF THE BOARD-Continued
Chicago S e c u r i t y F i n a n c i a l S e r v i c e s , I n c . , Sheboygan, Wisconsin, f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Bank of Menasha, Menasha, Wisconsin. V & 2 /
Da l l a s F i r s t I n t e r n a t i o n a l Bancshares , I n c . , D a l l a s , Texas , fo r ap-prova l to a c q u i r e 100 pe rcen t of the vo t ing s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of Temple Bank, N.A. , Temple, Texas, a proposed new bank. 1/ & 2 /
Da l l a s Southwest Bancshares , I n c . , Houston, Texas, fo r approva l t o a c q u i r e 100 pe rcen t of the v o t i n g sha re s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of Bank of San F e l i p e Green, N .A. , Houston, Texas, a proposed new bank. 2 /
* * * * *
To Expand a Bank Holding Company Pursuant to Sec t ion 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956
Withdrawn Minneapol is B a r n e s v i l l e Investment Corpo ra t i on , B a r n e s v i l l e , Minnesota ,
f o r approval to cont inue to engage in g e n e r a l insurance a c t i v i t i e s In a community wi th l e s s than 5,000 p o p u l a t i o n . 1/
San Western Bancorporat i on , Los Angeles , C a l i f o r n i a , f o r approval F ranc i sco to engage de novo i n p r o p e r t y and c a s u a l t y i n su rance a c t i v -
i t i e s through Western Bancorp Insu rance Company, Los Angeles , C a l i f o r n i a .
Approved Boston H e r i t a g e Banks, I n c . , R o c h e s t e r , New Hampshire, fo r approval
to engage de novo in guaran ty sav ings bank a c t i v i t i e s i n c l u d -ing the acceptance of time and sav ings d e p o s i t s ; t he ex tens ion of consumer, r e a l e s t a t e mor tgage , VISA c r e d i t c a r d , and commercial l o a n s ; and t r u s t and n o t a r i a l s e r v i c e s in the S t a t e of New Hampshire through i t s d i r e c t wholly-owned sub-s i d i a r y , Roches ter Savings Bank and Trus t Company, Roches te r , New Hampshire.
T 7 A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .
2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l e n g t h of the comment p e r i o d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 — 1 2 —
ACTIONS OF THE BOARD-Contlnued
New York Barc lays Bank Limited and Barclays Bank I n t e r n a t i o n a l L imi ted , both of London, England, fo r approval to acqu i re the a s s e t s and b u s i n e s s of 138 o f f i c e s of s u b s i d i a r i e s of B e n e f i c i a l C o r p o r a t i o n , Wilmington, Delaware through i t s s u b s i d i a r y , Barc lays American C o r p o r a t i o n .
Richmond Maryland Na t iona l Corpora t ion , Ba l t imore , Maryland, f o r ap -p r o v a l t o expand the r e i n s u r a n c e unde rwr i t i ng a c t i v i t i e s of i t s s u b s i d i a r y , Mid -At l an t i c L i f e In su rance Company, to i nc lude c r e d i t l i f e and c r e d i t a cc iden t and h e a l t h p o l i c i e s so ld i n c o n n e c t i o n with e x t e n s i o n s of c r e d i t made by the ho ld ing company and i t s s u b s i d i a r i e s i n New J e r s e y and V i r g i n i a . J L /
Chicago Ackley B a n c o r p o r a t i o n , Ackley, Iowa, f o r approval t o r e t a i n Ackley In su rance Agency, Ackley, Iowa, a gene ra l i n s u r a n c e agency i n a town w i t h l e s s than 5 ,000 p o p u l a t i o n . 1 /
Chicago F i r s t Wyanet Inves tment Corpo ra t i on , Galesburg , I l l i n o i s , f o r approva l t o r e t a i n 50 pe r cen t of Skaggs-Olds Insurance Agency, Wyanet, I l l i n o i s and E.W. Will iams Agency, Wyanet, I l l i n o i s and t o con t inue to engage in gene ra l i n su rance a c t i v i t i e s i n a town wi th l e s s than 5,000 p o p u l a t i o n . JL/
Chicago Kupka ' s , I n c . * T r a e r , Iowa, f o r approval to r e t a i n F i r s t I n -surance Agency, T r a e r , Iowa, and to con t inue to engage i n gene ra l i n su rance a c t i v i t i e s in a town w i t h l e s s l e s s than 5,000 p o p u l a t i o n . V
Minneapol is Insurance by S t r eh low, I n c . , C a s s e l t o n , North Dakota, f o r ap-p rova l to c o n t i n u e to s e l l i n su rance as a gene ra l i n su rance agent in the town of C a s s e l t o n , North Dakota, a community wi th l e s s t han 5,000 p o p u l a t i o n . JL/
Minneapol is P and D Company of S t e w a r t v i l l e , I n c . , S t e w a r t v i l l e , Minnesota , f o r approva l to con t inue to s e l l c e r t a i n types of i n s u r a n c e i n a community wi th l e s s than 5 ,000 p o p u l a t i o n . 1]
Kansas C i t y Barnes Inves tment Corpo ra t i on , Barnes , Kansas, fo r approval to r e t a i n the a s s e t s of Barnes Insurance Agency, Barnes , Kansas and t h e r e f o r e engage in g e n e r a l i n su rance agency a c t i v i t i e s i n a community of l e s s than 5 ,000 p o p u l a t i o n . 1/
Kansas Ci ty F i r s t of He r ing ton , I n c . , H e r i n g t o n , Kansas, f o r approval to r e t a i n g e n e r a l i n su rance agency a c t i v i t i e s in a community of l e s s than 5 ,000 p o p u l a t i o n . 1/
JL/ A p p l i c a t i o n processed on behalf of the Board of Governors under de legated a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2 , 1980 No. 40 - 1 3 -
ACTIONS OF THE BOARD-Continned
San R a i n i e r Bancorpora t ion , S e a t t l e , Washington, f o r approval F r anc i s co to acqu i r e 100 percent of t h e v o t i n g s h a r e s of Roger
R. Pos t & Company, I n c . , Monterey, C a l i f o r n i a , a company t h a t engages I n mortgage banking, i n c l u d i n g the o r i g i n a -t i o n and s e r v i c i n g of mortgage l o a n s , and the s a l e of c r e d i t r e l a t e d i n s u r a n c e . 1/
Delayed New York C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t t o
engage i n de novo a c t i v i t i e s ( i n conduct ing c e r t a i n p r e -v i o u s l y approved a c t i v i t i e s i n c l u d i n g t h e making, a c q u i r -i n g , and s e r v i c i n g of ex t ens ions of c r e d i t secured by mobile homes, mobile home i n v e n t o r i e s , and /or t he f i n a n c i n g of l and-mobile home packages; the new a c t i v i t y to be conducted i s the i n d i r e c t s a l e of p r o p e r t y and c a s u a l t y i n su rance p r o t e c t -ing p e r s o n a l and r e a l p r o p e r t y s u b j e c t to a s e c u r i t y a g r e e -ment wi th C i t i c o r p Homeowners, I n c . and to the ex ten t pe r -m i s s i b l e under a p p l i c a b l e S t a t e insurance laws and r e g u l a -t i o n s ) a t 4 Permi te r Center E a s t , N . E . , S u i t e 530, A t l a n t a , Georgia; Osborne O f f i c e C e n t e r , S u i t e 520, Chat tanooga, Tennessee ; 810 Dutch Square Boulevard , S u i t e 375, Columbia, South C a r o l i n a ; 9247 North Mer id ian S t r e e t , S u i t e 225, I n d i a n a p o l i s , Ind iana ; 4400 Breck in r idge Lane, S u i t e 120, L o u i s v i l l e , Kentucky; 4956 Brambleton Avenue, S.W., Roanoke, V i r g i n i a ; 8600 LaSa l l e Road, Towson, Maryland; and 514 S. S t r a t f o r d Road, S u i t e 326, Wins ton-Salem, Nor th C a r o l i n a , through i t s s u b s i d i a r y , C i t i c o r p Homeowners, I n c . (9 /10 /80) 3 /
New York The Hongkong and Shanghai Banking Corpo ra t i on , Hong Kong, no-t i f i c a t i o n of i n t e n t to engage in cte novo a c t i v i t i e s ( e q u i p -ment l e a s i n g and i n s t a l l m e n t f i n a n c i n g throughout the United S t a t e s of i n d u s t r i a l , t r a n s p o r t a t i o n , data p rocess ing , medical communication and o t h e r types of equipment in accordance w i th R e g u l a t i o n Y and p rov id ing adv i so ry , management and brokerage s e r v i c e s f o r l e a s i n g t r a n s a c t i o n s w r i t t e n by t h i r d p a r t i e s ) a t 1890 Palmer Avenue, Larchmont, New York, through i t s sub-s i d i a r y , U.S. Concord, I n c . ( 1 0 / 3 / 8 0 ) 3 /
S t . L o u i s TG Bancshares C o . , S t . Louis , M i s s o u r i , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (p rov id ing p o r t f o l i o i n v e s t -ment advice to i n d i v i d u a l s , pension and p r o f i t - s h a r i n g p lans and t r u s t s , f i n a n c i a l i n s t i t u t i o n s , genera l bus iness c o r p o r a -
17 A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .
3 / 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .
1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 — 14 —
ACTIONS OF THE BOARD-Continued
New York
New York
New York
Richmond
t i o n s , c h a r i t a b l e I n s t i t u t i o n s and e d u c a t i o n a l I n s t i t u t i o n s ) a t 3134 South Grand Boulevard , S t . Louis , M i s s o u r i , through a wholly owned s u b s i d i a r y , Midwest Investment Advisory Se rv -i c e s , I n c . ( 1 0 / 2 / 8 0 ) 3 /
B a r c l a y s Bank Limi ted and B a r c l a y s Bank I n t e r n a t i o n a l L imi t ed , bo th of London, England, n o t i f i c a t i o n of i n t e n t to r e l o c a t e de novo a c t i v i t i e s ( ( ! ) making d i r e c t consumer loans and purchas ing of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g e x t e n s i o n s of c r e d i t such as would be made or acquired by a consumer f i -nance company, and wholesa le f i n a n c i n g ( f l o o r p l ann ing ) and ( i i ) a c t i n g as agent f o r the s a l e of r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h and c r e d i t p roper ty i n s u r a n c e ) from 439 South Gay S t r e e t , K n o x v i l l e , Tennessee to 6706 P a p e r m i l l Road, K n o x v i l l e , Tennessee , through t h e i r s u b s i d -i d a r y , Ba rc l aysAmer i can /F inanc i a l , I n c . ; from 800 South Cumberland S t r e e t , Morris town, Tennessee to 1751 West Morr i s Boulevard, Morr is town, Tennessee , through t h e i r s u b s i d i a r y , Barc laysAmer ican /Cred i t , I n c . ; and from 800 South Cumberland S t r e e t , Morr is town, Tennessee to 1751 West Morr i s Boulevard, Morris town, Tennessee , through t h e i r s u b s i d i a r y , Ba rc l ays -American / F i n a n c i a l , I n c . ( 10 /2 /80 ) 3 /
Chemical New York C o r p o r a t i o n , New York, New York, n o t i f i c a -t i o n of i n t e n t to engage i n <le novo a c t i v i t i e s ( a c t i v i t i e s t h a t may be c a r r i e d on by a investment a d v i s e r , i n c l u d i n g o f f e r i n g p o r t f o l i o investment advice to I n d i v i d u a l s on both a d i s c r e t i o n a r y and n o n - d i s c r e t i o n a r y b a s i s ) a t 245 Royal Palm Way, Palm Beach, F l o r i d a , through i t s s u b s i d i a r y , Chemical Investment Adv i se r s , I n c . ( 9 /29 /80 ) 3 /
Chemical New York C o r p o r a t i o n , New York, New York, n o t i f i c a -t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( o f f e r i n g p o r t f o l i o inves tment advice to i n d i v i d u a l s , c o r p o r a t i o n s , governmental e n t i t i e s and o t h e r i n s t i t u t i o n s on both a d i s c r e t i o n a r y and n o n - d i s c r e t i o n a r y b a s i s ) a t 2 Al len Cen te r , Houston, Texas , through i t s s u b s i d i a r y , Gulf Investment Management, I n c . (10 /1 /80 ) 3/
Bank of V i r g i n i a Company, Richmond, V i r g i n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making ex tens ions of c r e d i t such as would be made by a f i n a n c e company; and a c t i n g as agent f o r c r e d i t l i f e , acc iden t and h e a l t h i n s u r -ance and o t h e r in su rance w r i t t e n to p r o t e c t c o l l a t e r a l dur ing
Pe rmi t t ed
57 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de l ega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 1 5 -
ACTIONS OF THE BOARD-Continued
the per iod of c r e d i t e x t e n s i o n s ) a t S c h u y l k i l l Mal l , Routes 61 and 81, F r a c k v i l l e , Pennsy lvan ia , through i t s s u b s i d i a r y , General Finance Serv ice Corpora t ion ( 9 / 3 0 / 8 0 ) 3 /
Chicago C o n t i n e n t a l I l l i n o i s Co rpo ra t i on , Chicago, I l l i n o i s , n o t i f i -c a t i o n of i n t e n t to engage in die novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account o r f o r the account of o t h e r s , secured and unsecured loans and o t h e r ex tens ions of c r e d i t and s e r v i c i n g such loans and o ther e x t e n s i o n s of c r e d i t ) i n Chicago, I l l i n o i s and Miami, F l o r i d a , through a s u b s i d i a r y , C o n t i n e n t a l I l l i n o i s Commercial Corpora t ion (9 /29 /80) 3 /
Chicago C o n t i n e n t a l I l l i n o i s C o r p o r a t i o n , Chicago, I l l i n o i s , n o t i f i -c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n p rov id ing p o r t f o l i o investment advice to o the r persons p r i m a r i l y fo r investment of funds i n r e a l p rope r ty i n t e r e s t s ) i n Chicago, I l l i n o i s ; S t . L o u i s , Missour i ; Kansas C i t y , M i s s o u r i ; A t l a n t a , Georgia; and Wauwatosa, Wiscons in , through i t s s u b s i d i a r y , Republ ic Rea l ty Mortgage Corpora t ion (10 /3 /80) 3 /
Kansas Ci ty Kansas Ci ty Bancshares , I n c . , Kansas C i t y , Mis sou r i , n o t i f i c a -t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage i n l e a s i n g a c t i v i t i e s ) a t 18 th and Main, Kansas C i t y , Mis sou r i , through a s u b s i d i a r y , C a p i t a l S e r v i c e s , I n c . (9 /29 /80 ) 3 /
D a l l a s Republic of Texas C o r p o r a t i o n , D a l l a s , Texas , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (engage in t he f u n c -t i o n s and a c t i v i t i e s t h a t may be performed by a t r u s t com-pany i n c l u d i n g a c t i v i t i e s of a f i d u c i a r y , agency or c u s t o -d i a n n a t u r e as au tho r i zed by F e d e r a l law and the laws of the S t a t e of Texas) a t One D a l l a s Cen te r , 350 North S t . Pau l , D a l l a s , Texas , through i t s s u b s i d i a r y , Republ ic of Texas T rus t Company (10 /3 /80 ) 3 /
San Secu r i t y P a c i f i c Corpo ra t i on , Los Angeles , C a l i f o r n i a , n o t i -F ranc i s co f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making
or a c q u i r i n g , f o r i t s own account o r f o r the account of o t h e r s , loans and e x t e n s i o n s of c r e d i t , i n c l u d i n g making consumer i n s t a l l m e n t personal l oans , purchas ing consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans to smal l
57 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 J n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de l ega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
h . 2 , 1980 No. 40 — 1 6 —
ACTIONS OF THE BOARD-Continued
b u s i n e s s e s and o t h e r ex tens ions of c r e d i t such as would be made by a f a c t o r i n g company or a consumer f i n a n c e company; and a c t i n g a s b roke r o r agent f o r the s a l e of c r e d i t r e -l a t e d l i f e , a cc iden t and h e a l t h i n su rance and c r e d i t r e -l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e ) a t 18552 MacArthur Boulevard , S u i t e 441, I r v i n e , C a l i f o r n i a , through i t s whol ly-owned s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp. ( 1 0 / 4 / 8 0 ) 3 /
San F r a n c i s c o
Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a -t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n l end ing and loan s e r v i c i n g a c t i v i t i e s ) a t 7801 Bel leview Avenue, Englewood, Colorado, through i t s s u b s i d i a r y , Wells Fargo Ag C r e d i t ( 9 /22 /80 ) 3 /
5 7 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de l ega t ed a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 1 7 -
APPLICATIONS RECEIVED
To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of t he F e d e r a l Reserve Act
New York The Bank of New York, New York. Branch to be e s t a b l i s h e d a t 26 West C i r c l e , Green Acres M a l l , Town of Hempstead, Nassau County, New York. 2 /
P h i l a d e l p h i a Gi ra rd Bank, Bala Cynwyd, Pennsy lvan ia . To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y t o be l oca t ed a t the Nashaminy V a l l e y Carpe t Company, I n c o r p o r a t e d , 535 Andrews Road, T revose , P e n n s y l v a n i a . 2 /
Richmond Union Bank and T r u s t Company, Bowling Green, V i r g i n i a . Branch to be e s t a b l i s h e d a t 4540 L a f a y e t t e Boulevard , S p o t s y l v a n i a County, V i r g i n i a . 2 /
A t l a n t a Exchange Bank and T r u s t Company of F l o r i d a , Tampa, F l o r i d a . To e s t a b l i s h an ATM a t 1411 60th S t r e e t West, Bradenton, F l o r i d a . 2 /
S t . Louis E l l i o t t S t a t e Bank, J a c k s o n v i l l e , I l l i n o i s . To e s t a b l i s h an o f f - p r e m i s e s au tomat ic t e l l e r machine a t 1429 S. Main, J a c k s o n v i l l e , Morgan County, I l l i n o i s . 2 /
D a l l a s Grant County Bank, S i l v e r C i t y , New Mexico. To e s t a b l i s h a d r i v e - i n f a c i l i t y i n S i l v e r Spr ing , New Mexico. 2 /
Da l l a s Mimbres V a l l e y Bank, Deming, New Mexico. To e s t a b l i s h a branch i n Deming, New Mexico. 2J
* * * * *
To Become a Member of the Fede ra l Reserve System Pursuant t o S e c t i o n 9 of t h e F e d e r a l Reserve Act
Richmond The Bank of Middlesex , Urbanna, V i r g i n i a .
D a l l a s Texas S t a t e Bank, McAllen, Texas• 2 /
2? A p p l i c a t i o n s u b j e c t Reinvetment O f f i c e r as to the l e n g t h of
to Community Reinvestment of t he a p p l i c a b l e Reserve the comment p e r i o d .
Ac t . The Community Bank may be con tac ted
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 1 8 -
APPLICATIONS RECEIVED-Continued
To E s t a b l i s h an Overseas Branch of a Member Bank Pursuan t to S e c t i o n 25 of the F e d e r a l Reserve Act
New York C i t i b a n k , N.A. , New York, New York: p r i o r n o t i f i c a t i o n of i t s i n t e n t to open an i n i t i a l branch In I s t a n b u l , Turkey,
* * * * *
To E s t a b l i s h a U.S. Branch of an Edge Act Corpora t ion Pursuant t o S e c t i o n 25(a ) of t h e F e d e r a l Reserve Act
Chicago C o n t i n e n t a l Bank I n t e r n a t i o n a l , Chicago, I l l i n o i s : r e q u e s t s consent to e s t a b l i s h branches i n Cleve land , D a l l a s , Minneapo l i s , P h i l a d e l p h i a , San F r a n c i s c o and S e a t t l e .
* * * * *
To Organ ize , o r I n v e s t i n , a Corpora t ion Doing Fore ign Banking and Other Fore ign F inanc ing Pursuan t t o S e c t i o n 25 or 25 (a ) of the F e d e r a l Reserve Act
San Crocker Na t iona l Bank, San F r a n c i s c o , C a l i f o r n i a : r e q u e s t s F r a n c i s c o consent to change the name of Crocker Bank I n t e r n a t i o n a l
(New York) to Crocker Bank I n t e r n a t i o n a l and conver t Crocker Bank I n t e r n a t i o n a l (Chicago) i n t o a branch of Crocker Bank I n t e r n a t i o n a l by l i q u i d a t i n g and d i s s o l v i n g Crocker Bank I n t e r n a t i o n a l Chicago and s imu l t aneous ly t r a n s f e r r i n g Crocker Bank I n t e r n a t i o n a l Chicago ' s a s s e t s & l i a b i l i t i e s to Crocker Bank I n t e r n a t i o n a l .
* * * * *
To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
A t l a n t a Altamaha Bancshares , I n c . , Uvalda, Georg ia , fo r approva l t o a c q u i r e a t l e a s t 80 pe rcen t of the v o t i n g s h a r e s of Altamaha Bank and T r u s t Company, Uvalda, Georg ia . 2/
2J A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of t he a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l e n g t h of the comment p e r i o d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
ti.2. 1980 No. 40 - 19 -
APPLICATIONS RECEIVED-Continued
A t l a n t a F i r s t S t a t e F i n a n c i a l Co rpo ra t i on , G u l f p o r t , M i s s i s s i p p i , f o r approva l to acqu i r e a t l e a s t 80 percent of t h e vo t i ng s h a r e s of F i r s t S t a t e Bank, G u l f p o r t , M i s s i s s i p p i . 2/
A t l a n t a M. B. Group, I n c . , Marathon, F l o r i d a , f o r approval to acqu i r e a t l e a s t 82 pe rcen t of the v o t i n g s h a r e s of The Marathon Bank, Marathon, F l o r i d a . 2 /
A t l a n t a
A t l a n t a
P & C Bank Sha res , I n c . , Cami l l a , Georg ia , f o r approval t o a c q u i r e 53.73 percent of t h e v o t i n g s h a r e s of P l a n t e r s & C i t i z e n s Bank, Cami l l a , Georg ia . 2 /
Southwest Georgia F i n a n c i a l Corpo ra t i on , M o u l t r i e , Georgia , f o r approval to a c q u i r e 100 p e r c e n t of the vo t i ng sha re s of Mou l t r i e Na t iona l Bank, M o u l t r i e , Georg ia . 2 /
Chicago Alikeny Inves tment Co . , Webster C i t y , Iowa, f o r approval to acqu i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Ankeny S t a t e Bank, Ankeny, Iowa. 2 /
Chicago G a r r e t t Bancshares LTD., B loomf ie ld , Iowa, fo r approva l t o a c q u i r e a t l e a s t 80 pe rcen t of the v o t i n g s h a r e s of Davis County Savings Bank, B loomf ie ld , Iowa. 2 /
Chicago KENNEDY BANCSHARES, INC., B a n c r o f t , Iowa, f o r approval to a c q u i r e 88 percent of t h e v o t i n g s h a r e s of Farmers and Traders Savings Bank, B a n c r o f t , Iowa. 2 /
Chicago Mahaska Inves tment Company, Oskaloosa , Iowa, fo r approva l t o a c q u i r e 80 pe rcen t of the v o t i n g s h a r e s of The F i r s t Nat iona l Bank of Sumner, Sumner, Iowa. 2/
Chicago Moore F i n a n c i a l Co rpo ra t i on , Berwyn, I l l i n o i s , f o r approval to acqu i r e a t l e a s t 85.12 percent of t h e v o t i n g s h a r e s of Commercial Na t iona l Bank of Berwyn, Berwyn, I l l i n o i s . 2 /
Chicago S t r a t f o r d Inves tment Company, J e w e l l , Iowa, fo r approva l to a c q u i r e 80 pe r cen t o r more of the v o t i n g s h a r e s of The Farmers Savings Bank, S t r a t f o r d , Iowa. 2 /
S t . Louis F i r s t Banc Group, I n c . , C e n t r a l i a , I l l i n o i s , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of the successor by merger to F i r s t Na t iona l Bank and T r u s t Company, C e n t r a l i a , I l l i n o i s . 2 /
27 A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l eng thof the comment p e r i o d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 2 0 -
APPLICATIONS RECEIVED-Continued
S t . Louis Owenton Bancorp, I n c . , Owenton, Kentucky, f o r approval to a c q u i r e 80 .0 pe rcen t of t h e v o t i n g s h a r e s of Peoples Bank & T r u s t Company, Owenton, Kentucky. 2 /
Minneapol i s F r e e p o r t Bancsha res , I n c . , F r e e p o r t , Minnesota , fo r approval to a c q u i r e 80 .5 p e r c e n t of the v o t i n g s h a r e s of F r e e p o r t S t a t e Bank, F r e e p o r t , Minneso ta . 2 /
Minneapol i s Norwood Bancshares , I n c . , Norwood, Minnesota , f o r approval to a cqu i r e a t l e a s t 88 .9 percent of t h e v o t i n g s h a r e s of C i t i z e n s S t a t e Bank of Norwood, Norwood, Minnesota . 2 /
Kansas C i ty Br idgepor t S t a t e Company, B r i d g e p o r t , Nebraska, fo r approval to a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of The Br idgepor t S t a t e Bank, B r i d g e p o r t , Nebraska . 2 /
Kansas Ci ty Columbus C o r p . , Columbus, Kansas, f o r approval t o a c q u i r e a t l e a s t 82 .5 percen t of t h e v o t i n g s h a r e s of The F i r s t Na t iona l Bank of Columbus, Columbus, Kansas . 2 /
Kansas C i ty Covington F i r s t S t a t e Bancshares , I n c . , Covington, Oklahoma, f o r approval to a c q u i r e 100 p e r c e n t of the vo t ing s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of F i r s t S t a t e Bank, Covington, Oklahoma. 2J
Kansas C i ty Farmers Bancsha res , I n c . , L inco ln , Kansas, fo r approval t o a c q u i r e 8 2 . 5 p e r c e n t of the v o t i n g s h a r e s of The Farmers Na t iona l Bank, L inco ln , Kansas . 2 /
Kansas C i ty F i r s t S t a t e Bancorpora t ion of Watonga, I n c . , Watonga, Oklahoma, f o r approva l to acqu i r e a t l e a s t 80 percent of t h e vo t ing sha re s of F i r s t S t a t e Bank, Watonga, Oklahoma. 2/
Kansas Ci ty F i r s t Western Banco rpo ra t i on , La J a r a , Colorado, for approval to a c q u i r e a t l e a s t 80 p e r c e n t of the vo t ing s h a r e s of The F i r s t Na t iona l Bank of La J a r a , La J a r a , Colorado. 2J
Kansas Ci ty Green Ci ty Bancshares , I n c . , Green C i t y , Mis sou r i , f o r approval to acqu i r e a t l e a d t 80 percent of t h e v o t i n g s h a r e s of Farmers Bank of Green C i t y , Green C i t y , M i s s o u r i . 2 /
Kansas Ci ty Jones Na t iona l C o r p o r a t i o n , Seward, Nebraska, fo r approva l t o a c q u i r e 93 p e r c e n t of the v o t i n g s h a r e s of The Jones Nat iona l Bank and T r u s t Company of Seward, Seward, Nebraska. 2/
2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community ~~ Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con tac t ed
as to the l e n g t h of the comment p e r i o d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 21 -
APPLICATIONS RECEIVED-Continued
D a l l a s F.N.B. S t i n n e t t BancShares , I n c . , S t i n n e t t , Texas , f o r approval to acqu i re a t l e a s t 80 percent of t h e v o t i n g s h a r e s of F i r s t Na t iona l Bank of S t i n n e t t , S t i n n e t t , Texas . 2 /
* * * * *
Bos ton
To Expand a Bank Holding Company Pursuant to Sec t ion 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956
F i r s t Na t iona l Boston Corpo ra t i on , Boston, Massachuse t t s , f o r approva l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of The Country Bank, N a t i o n a l A s s o c i a t i o n , She lburne F a l l s , M a s s a c h u s e t t s . 2 /
Minneapol i s N o r t h s t a r Bancorpo ra t ion , I n c . , Wayzata, Minnesota , f o r ap-p rova l to a c q u i r e 98 .9 percent of t h e v o t i n g s h a r e s of Minnetonka S t a t e Bank, E x c e l s i o r , Minnesota . 2 /
D a l l a s El Paso N a t i o n a l C o r p o r a t i o n , El Paso , Texas , f o r approval to a c q u i r e 100 pe rcen t of the v o t i n g s h a r e s of Eas t El Paso N a t i o n a l Bank, E l Paso , Texas , a proposed new bank. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Sec t ion 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
New York B a r c l a y s Bank Limited and Ba rc l ays Bank I n t e r n a t i o n a l L imi t ed , both of London, England, n o t i f i c a t i o n of i n t e n t to r e l o c a t e de novo a c t i v i t i e s ( i n ( i ) making d i r e c t consumer loans and purchas ing of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g ex t ens ions of c r e d i t such as would be made or acqui red by a consumer f i n a n c e company and wholesa le f i n a n c i n g ( f l o o r p l a n n i n g ) ; ( i i ) a c t i n g as agent f o r the s a l e of r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h and c r e d i t p roper ty i n s u r a n c e )
27 A p p l i c a t i o n s u b j e c t to Community Reinvestment Act . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l e n g t h of the comment p e r i o d .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 2 2 -
APPLICATIONS RECEIVED-Continued
from 302 Evans S t r e e t , G r e e n v i l l e , North Ca ro l ina to 703 Eas t G r e e n v i l l e Boulevard, G r e e n v i l l e , North C a r o l i n a , and from 203 E a s t Nash S t r e e t , Wilson, North Ca ro l i na to 701 West Ward Boulevard , N.E. , Wilson, North C a r o l i n a , through t h e i r s u b s i d i a r y , Barc laysAmer ican /F inanc ia l , I n c . ( 9 /30 /80 ) 3 /
New York The Chase Manhattan Corpora t ion , New York, New York, n o t i f i -c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own account and f o r the account of o t h e r s , loans and o the r e x t e n s i o n s of c r e d i t both secured and un-secured i n c l u d i n g , but not l i m i t e d t o , consumer and bus ines s l i n e s of c r e d i t , i n s t a l l m e n t loans f o r p e r s o n a l , household and b u s i n e s s purposes and mortgage loans secured by r e a l p rope r ty ; t o s e r v i c e loans and o the r ex t ens ions of c r e d i t ; to s e l l t r a v e l e r s checks a t r e t a i l ; to ac t as insurance agent o r b roker fo r c r e d i t l i f e i n su rance and c r e d i t acc iden t and h e a l t h i n su rance d i r e c t l y r e l a t e d to such l end ing and s e r v -i c i n g a c t i v i t i e s ) i n the Arvida F i n a n c i a l P l a z a , Glades Road and Boca West Road, Boca Raton, F l o r i d a , through i t s s u b s i d -i a r y , Chase Manhattan F i n a n c i a l S e r v i c e s , I n c . (9 /29 /80 ) 3/
New York Manufac turers Hanover C o r p o r a t i o n , New York, New York, n o t i -f i c a t i o n of i n t e n t to engage i n die novo a c t i v i t i e s ( i n mak-ing or a c q u i r i n g , f o r I t s own account o r f o r the account of o t h e r s , loans and o the r e x t e n s i o n s of c r e d i t such as would be made by a commercial f i n a n c e company; and a r r ang ing or s e r v i c i n g such loans and o the r ex tens ions of c r e d i t fo r any pe r son) a t 1 Commerce P l a c e , S u i t e 1933, N a s h v i l l e , Tennessee , through I t s s u b s i d i a r y , Manufac ture rs Hanover Commercial Corpora t ion ( 9 / 3 0 / 8 0 ) 3 /
Cleveland P i t t s b u r g h Na t iona l Corpo ra t i on , P i t t s b u r g h , Pennsy lvan ia , no-t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (mor t -gage banking , i n c l u d i n g t h e making or a c q u i r i n g and s e r v i c i n g f o r i t s own account and /o r the account of o t h e r s , loans and o the r e x t e n s i o n s of c r e d i t ) i n t h e Met ropo l i t an a rea of Kens ington , Maryland, th rough a s u b s i d i a r y , The K i s s e l l Company ( 9 / 2 2 / 8 0 ) 37
Chicago Baxter Insurance Agency, I n c . , Bax t e r , Iowa, f o r approval to con t inue to engage in Insurance a c t i v i t i e s in a community t h a t has a popu la t ion not exceeding 5 ,000 .
| 7 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 23 —
APPLICATIONS RECEIVED-Continued
Chicago Fennimore Bancorpora t ion , I n c . , Fennimore, Wisconsin, n o t i -f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in the s a l e of Insurance in a town of l e s s than 5 ,000 p o p u l a t i o n ) through i t s wholly-owned s u b s i d i a r y , Fennimore Finance Co. ( 9 / 2 2 / 8 0 ) 3 /
Chicago Mahaska Inves tment Company, Oska loosa , Iowa, for approva l t o con t inue l e a s i n g a bank b u i l d i n g t o a bank and cont inue l e a s i n g p e r s o n a l p rope r ty to b u s i n e s s e s , farm o p e r a t o r s and i n d i v i d u a l s through i t s wholly-owned s u b s i d i a r y , MIC Leas ing Co . , Oska loosa , Iowa.
Chicago Wisco, I n c . , West Des Moines, Iowa, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o con t inue to engage i n the s a l e of in su rance through Diagonal Insurance Agency, I n c . , Diagona l , Iowa) (9 /29 /80 ) 3 /
Minneapol i s Commercial S t a t e Bancshares , I n c . , Two Harbors , Minnesota , f o r approva l to con t inue to engage i n g e n e r a l i n su rance agency a c t i v i t i e s .
Minneapol is C u t l e r C o r p o r a t i o n , Newport, Minnesota , f o r approval t o con-t i n u e to engage i n conduct ing g e n e r a l i n su rance agency a c t i v i t i e s i n Green I s l e , Minnesota , a town w i t h l e s s than 5,000 p o p u l a t i o n .
Minneapol is C u t l e r C o r p o r a t i o n , Newport, Minnesota , n o t i f i c a t i o n of i n t e n t to con t i nue to engage i n a c t i v i t i e s p r e v i o u s l y begun de novo (making or a c q u i r i n g loans f o r i t s own account ) (10 /3 /80) 3 /
San BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a -F r a n c i s c o t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or
a c q u i r i n g , f o r i t s own account loans and o t h e r ex tens ions of c r e d i t such as would be made or acqui red by a f i n a n c e company; s e r v i c i n g loans and o t h e r ex tens ions of c r e d i t ; and the o f f e r i n g of c r e d i t r e l a t e d l i f e and c r e d i t r e l a t e d a c c i d e n t and h e a l t h i n su rance ; such a c t i v i t i e s would i n c l u d e , but not be l i m i t e d t o , making loans and o ther e x t e n s i o n s of c r e d i t to consumers as w e l l as smal l b u s i n e s s e s , purchas ing i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans secured by r e a l p r o p e r t y , and o f f e r i n g l i f e and a c c i d e n t and h e a l t h
57 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de l ega t ed a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 — 24 —
APPLICATIONS RECEIVED-Continued
i n su rance d i r e c t l y r e l a t e d t o ex tens ions of c r e d i t made or acqu i red by FinanceAmerica Corpora t ion of New Hampshire, I n c . ) t h e s e a c t i v i t i e s would be conducted from an e x i s t i n g o f f i c e i n Keene, New Hampshire, through i t s i n d i r e c t sub-s i d i a r y , FinanceAmerica Corpora t ion of New Hampshire, I n c . (a New Hampshire Corpora t ion ) (9 /29 /80 ) 3 /
San BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i -F ranc i sco c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o i nc lude
the a d d i t i o n a l a c t i v i t y of a c t i n g as an i n d u s t r i a l loan co r -p o r a t i o n under t h e Utah I n d u s t r i a l Loan Law; such a c t i v i t y w i l l i n c l u d e , but not be l i m i t e d , i s s u i n g t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s , making consumer i n s t a l l m e n t l o a n s , pu rchas ing i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans and o the r e x t e n s i o n s of c r e d i t to small b u s i n e s s e s , and making loans secured by r e a l and pe r sona l p r o p e r t y ) the a c t i v i t y w i l l be conducted from an e x i s t i n g o f f i c e in S a l t Lake C i t y , Utah , through i t s i n d i r e c t s u b s i d i a r y , F inance-America Corpo ra t i on (whose name w i l l be changed to F inance -America T h r i f t Corpora t ion upon i s suance of the i n d u s t r i a l loan l i c e n s e ) (9 /29 /80 ) 3 /
BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a -t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n the a c t i v i t i e s of an i n d u s t r i a l loan company a s a l i c e n s e e under t h e Kansas Investment C e r t i f i c a t e s of Investment Companies Act; such a c t i v i t i e s w i l l i n c l u d e , but not be l im i t ed t o , i s s u i n g inves tment c e r t i f i c a t e s ; making consumer i n s t a l l -ment l o a n s ; purchas ing i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ; maki% loans and o ther e x t e n s i o n s of c r e d i t to small b u s i n e s s e s making loans secured by r e a l and pe r sona l p r o p e r t y ; and o f f e r -ing l i f e , a c c i d e n t and h e a l t h and p rope r ty i n su rance d i r e c t l y r e l a t e d to ex t ens ions of c r e d i t made or acquired by F inance -America Corpo ra t i on (Kansas)) t h e s e a c t i v i t i e s would be conducted from e x i s t i n g o f f i c e s l o c a t e d i n Emporia, Great Bend, Kansas C i t y , Lawrence, Overland Pa rk , S a l i n a , Topeka, and W i c h i t a , Kansas, th rough i t s i n d i r e c t s u b s i d i a r y , F i -nanceAmerica Corpora t ion (a Kansas Corpora t ion) (whose name w i l l be changed t o FinanceAmerica T h r i f t Corpora t ion upon the i s s u a n c e of the i n d u s t r i a l loan l i c e n s e ) (9 /29 /80) 3 /
Orbanco F i n a n c i a l Se rv i ces C o r p o r a t i o n , P o r t l a n d , Oregon, no-t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account o r f o r the account of o t h e r s , mortgage l oans o r o the r e x t e n s i o n s of c r e d i t secured by r e a l p r o p e r t y , s e r v i c i n g mortgage l o a n s , p e r i o d i c a l l y i n s p e c t i n g
San F r a n c i s c o
San F r a n c i s c o
37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de lega ted a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2, 1980 No. 40 - 2 5 -
APPLICATIONS RECEIVED-Continued
c o l l a t e r a l and s u p e r v i s i n g r e p o s s e s s i o n s in the event of unremedied d e f a u l t s ) a t 516 Southeas t Morr i son , S u i t e 820, P o r t l a n d , Oregon, th rough a wholly-owned s u b s i d i a r y of i t s s u b s i d i a r y , Columbia Mortgage Co. known a s Mortgage C r e d i t -c o r p . ( 9 / 2 9 / 8 0 ) 3 /
San Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n F r a n c i s c o of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in a c t -
ing a s agent f o r c r e d i t p roper ty and c a s u a l t y in su rance and a s s o c i a t e d l i a b i l i t y i n su rance r e l a t e d to WFCC's ex t ens ions of c r e d i t to the ex t en t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n su rance laws or r e g u l a t i o n s ) t hese a c t i v i t i e s would be conducted from o f f i c e s in Phoenix and Tucson, Ar izona , and from o f f i c e s in Tulsa and Oklahoma C i t y , Oklahoma, through i t s s u b s i d i a r y , Wells Fargo C r e d i t Corpora t ion (10 /3 /80 ) 3 /
* * * * *
To Expand a Bank Holding Company Pursuant to Sec t ion 4 ( c ) ( 1 2 ) of the Bank Holding Company Act of 1956
Kansas C i ty Baldwin-United C o r p o r a t i o n , C i n c i n n a t i , Ohio, n o t i f i c a t i o n of i n t e n t to a c q u i r e , through i t s s u b s i d i a r y , T.V. T r a v e l , I n c . , 100 p e r c e n t of the s tock of The Travel Department , I n c . , (an Ind iana C o r p o r a t i o n ) ; and c e r t a i n a s s e t s of Champion Trave l Agency, I n c . ( a Kentucky Corpo ra t i on ) (9 /29 /80 ) 3 /
* * * * *
REPORTS RECEIVED
None.
* * * * *
PETITIONS FOR RULEMAKING
None.
3? 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reseve Bank on behalf of t h e Board of Governors under de l ega ted a u t h o r i t y .
i Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis