ANNOUNCEMENT H.2, 1990, NO. 50 Actions of the Board, its Staff, and BOARD OF GOVERNORS RESEARCH LIBRARY the Federal Reserve Banks; OF THE Applications and Reports Received FEDERAL RESERVE SYSTJ||i g jg DjL|j:ag'jg the Week Ending December 15, 1990
FEDERAL RESERVE BANK ACTIONS TAKEN BY THE BOAftP (Q£v$QXBBNORS
I M K H0LPIN6 COMPANIES
Firstar Corporation# Milwaukee# Wisconsin — to acquire Banks of Iowa# Inc.# Des Moines# Iowa# and B0ITs subsidiary banks and nonbanking subsidiaries. Approved# December 14# 1990.
Mitsui Bank# Limited# Tokyo# Japan# and The Taiyo Kobe Bank# Limited# Kobe# Japan — order for public meeting concerning application to convert Taiyo Kobe Bank and Trust Company# New York# New York into a commercial bank. Authorized# December 14# 1990.
Mitsui Taiyo Kobe Bank# Limited# Tokyo# Japan — to engage in interest rate and currency swaps# options on swaps# and private placement activities through Mitsui Taiyo Kobe Global Capital# Inc.# New York# New York. Approved# December 10# 1990.
NCNB Corporation# Charlotte# North Carolina — to acquire De Novo NCNB Florida Federal Savings Bank# IV# Tampa# Florida# which was formed to acquire the assets and assume the liabilities of two branches of American Savings and Loan Association# Miami# Florida# and for NCNB to merge De Novo Savings into NCNB National Bank of Florida# Tampa# Florida. Approved# December 10# 1990. ISMS
Annual and Quarterly Reports of Repurchase Agreements on U.S. Government and Federal Agency Securities with Specified Holders CFR 2090a and FR 2090q) — extension. Proposed# December 11# 1990.
Application for Membership in the Federal Reserve System (FR 2083 through FR 2083E) — extension with revision. Approved# December 10# 1990.
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ACTIONS TAKEN BY THE BOARD OP GOVERNORS
FORMS
Demand Deposit Ownership Survey (FR 2591) — to discontinue. Proposed, December 11, 1990.
Form for Registration as a Transfer Agent (FR TA-1) — extension. Approved, December 10, 1990.
Report by Banks Proposing to Amortize Losses on Qualified Agricultural Loans (FR 4020) — extension. Approved, December 10, 1990.
Report of Selected Deposits in Foreign Branches Held By U.S. Addressees (FR 2050) — extension with revision. Proposed, December 11, 1990.
Reports Related To Securities of State Member Banks as Required By Regulation H — extension. Approved, December 10, 1990.
Weekly Report of Assets and Liabilities for Large Banks (FR 2416) and the Weekly Report of Selected Assets (FR 2644) extension with revision. Proposed, December 11, 1990.
INTERNATIONAL OPERATIONS
Chase Manhattan Overseas Banking Corporation, Wilmington, Delaware — to make an investment in The Chase Manhattan Bank of Canada, Toronto, Canada• Permitted, December 10, 1990.
REGULATIONS AND POLICIES
Foreign government treatment of U.S. companies operating in government debt markets abroad — determination under the Primary Dealers Act of 1988 pertaining to Germany. Approved, December 12, 1990.
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ACTIONS TAKEN BY THE BOARD OF GOVERNORS
REGULATIONS AND POLICIES
Rules Regarding Delegation of Authority — delegation to Reserve Banks to approve the issuance and redemption of capital notes and to approve investments in bank premises by State member banks. Approved, December 12, 1990.
RESERVE BANK OPERATIONS
Budgets for 1991. Approved, December 12, 1990.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve Bank Operations; IF - International Finance; OSDM - Office of Staff Director for Management
BANK BRANCHES, DOMESTIC
New York Chemical Bank, New York, New York — to establish a branch at Lenox Hill Hospital, 100 East 77th Street. Approved, December 12, 1990.
Chicago De Motte State Bank, De Motte, Indiana — to establish a branch at the northside of East Commercial Avenue at the intersection of Joe Martin Road, Lowell, Indiana. Approved, December 14, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK BRANCHES. DOMESTIC
Richmond First Virginia Bank* Falls Church* Virginia — to establish a branch at 12435 Dillingham Square* Woodbridge* Virginia. Approved, December 12* 1990.
Chicago Rock Island Bank* Rock Island* Illinois — to establish a branch at Friendship Manor Retirement Complex* 1209 21st Avenue. Approved* December 11* 1990.
Chicago Rock Island Bank* Rock Island* Illinois — to establish offsite electronic facilities at Econofoods* 4401 27th Street* Moline; and Building 1* Black Hawk College* 6600 34th Avenue. Approved* December 11* 1990.
E/^IK HOLDING COMPANIES
Staff Director BankAmerica Corporation, San Francisco, California — BS&R proposal that Bank of America Nevada* Reno* Nevada, purchase the assets and assume the liabilities of BAN Interim Federal Savings Bank* Las Vegas, Nevada* which was formed to acquire certain assets and assume deposit liabilities of Frontier Savings Association. Approved, December 14, 1990.
Secretary BankAmerica Corporation* San Francisco* California — proposal that BAN Interim Federal Savings Bank, Las Vegas* Nevada* acquire certain assets and assume certain liabilities of Frontier Savings Association* and engage in the operation of a savings association. Approved, December 14* 1990.
Staff Director Boatmen's Bancshares, Inc., St. Louis, Missouri — BS&R proposal that The BoatmenTs National Bank of St. Louis* St. Louis* Missouri* purchase the assets and assume the liabilities of Boatmen1s Interim Federal Savings Bank* which was formed to acquire certain assets and assume deposit liabilities of Community Federal Savings and Loan Association. Approved* December 14* 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BMK HPWINg COMPANIES
St. Louis Boatmen1s Bancshares, Inc., St. Louis# Missouri — proposal that BoatmenTs Interim Federal Savings Bank acquire Community Savings and Loan Association. Approved # December 14# 1990.
Atlanta Brannen Acquisition Corp.# Inverness# Florida — to acquire Brannen Banks of Florida. Withdrawn# December 10# 1990.
Staff Director Bright Financial Services, Inc., Flora, Indiana BS&R proposal that Bright National Bank# Flora# Indiana# purchase the assets and assume the liabilities of Bright Savings Bank# F.S.B.# which was formed to acquire certain assets and assume deposit liabilities of the Burlington# Delphi# Lafayette - Greenbush# and Rossville branches of Hometown Federal Savings Bank. Approved# December 14» 1990.
Staff Director Business Banc of America, Inc., Wichita, Kansas - BS&R proposal that Citizens Bank and Trust Company# Abilene# Kansas# purchase the assets and assume the liabilities of Citizens Interim Savings Ass.# Wichita# Kansas# which was formed to acquire certain assets and assume deposit liabilities of the of the Wichita branch of First Federal Savings Bank of Kansas# Wellington# Kansas. Approved# December 14# 1990.
Kansas City Business Banc of America# Inc.# Abilene# Kansas — proposal to establish Citizens Interim Savings Association# Wichita# Kansas# which was formed to acquire certain assets and assume certain liabilities of the Wichita branch of First Federal Savings Bank of Kansas# Wellington# Kansas. Approved# December 14# 1990.
Philadelphia Citizens Bancorp# Inc.# Coudersport# Pennsylvania — to acquire Citizens Trust Company. Approved# December 14# 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Atlanta Covington Capital Corporation, Collins, Mississippi - - to acquire Covington County Bank. Withdrawn, December 10, 1990.
Staff Director Emprise Financial Corp. - Hutchinson, Wichita, Kansas BS&R — proposal that Emprise Bank, N.A., Hutchinson, Kansas, purchase the assets and assume the liabilities of Emprise Interim Savings Bank, F.S.B., Lindsborg, Kansas, which was formed to acquire certain assets and assume deposit liabilities of the Lindsborg branch of First Federal Savings Bank of Kansas, Wellington, Kansas. Approved, December 14, 1990.
Kansas City Emprise rinaneial Corp. - Hutchinson, Wichita, Kansas — proposal to establish Emprise Interim Savings Bank, F.S.B., Lindsborg, Kansas, which was formed to acquire certain assets and assume certain liabilities of the Lindsborg branch of First Federal Savings Bank of Kansas, Wellington, Kansas. Approved, December 14, 1990.
Kansas City Emprise Financial Corporation - East, Wichita, Kansas — to acquire Sierra Petroleum Company, Wichita, Kansas, and Emprise Financial Corporation - Hutchinson, Hutchinson, Kansas. Approved, December 13, 1990.
Cleveland First Bancorporation of Ohio, Akron, Ohio — to engage de novo in disaster recovery activities through First Bancorporation Services Division, Brecksville, Ohio. Permitted, December 14, 1990.
Chicago First Chicago Corporation, Chicago, Illinois — to engage de novo in trust company activities and acting as investment advisor through Brinson Trust Company. Returned, December 13, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Staff Director First Citizens BancShares, Inc., Raleigh, North BS&R Carolina — proposal that First - Citizens Bank & Trust Company purchase the assets and assume the liabilities of the Mutual Savings and Loan Association, Inc., Charlotte, North Carolina. Approved, December 14, 1990.
Kansas City First Commerce Bancshares, Inc., Lincoln, Nebraska — to acquire the First National McCook Company, McCook, Nebraska, and First National Bank of McCook. Approved, December 14, 1990.
Cleveland First Commonwealth Financial Corporation, Indiana, Pennsylvania — to engage de novo in trust company activities through First Commonwealth Trust Company. Permitted, December 10, 1990.
Minneapolis First National BancShares, Inc., Willston, North Dakota — to acquire First National Bank & Trust Co. of Willston. Approved, December 12, 1990.
Kansas City Geneva State Company, Geneva, Nebraska — to acquire The Geneva State Bank. Approved, December 13, 1990.
Dallas Jones Holding Company, Ltd., Albany, Texas — to acquire Albany Bancshares, Inc., and First National Bank of Albany. Approved, December 14, 1990.
Richmond Key Centurion Bancshares, Inc., Charleston, West Virginia — to acquire Spectrum Financial Corporation, Wheeling, West Virginia. Approved, December 13, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Staff Director Lafayette Bancorporation, Lafayette, Indiana — BS&R proposal that Lafayette Bank and Trust Company purchase the assets and assume the liabilities of Tippecanoe Savings Bank, F.S.B., which was formed to acquire certain assets and assume deposit liabilities of the Brookston, and Lafayette - Teal Road branches of Hometown Federal Savings Bank, Delphi, Indiana. Approved, December 14, 1990.
Chicago NBD Bancorp, Inc., Detroit, Michigan — to acquire NBD Bank, Columbus, Ohio, which will purchase the assets and assume the liabilities of Mid - America Federal Savings and Loan Association. Approved, December 11, 1990.
Kansas City Nebraska Bancorporation, Inc., Alliance, Nebraska — proposal to establish ANB Savings Bank, F.S.B., which was formed to acquire certain assets and assume certain liabilities of the Alliance branch of FirsTier Savings Bank, FSB, Omaha, Nebraska. Approved, December 14, 1990.
Staff Director Norwest Corporation, Minneapolis, Minnesota — BS&R modification of a representation made in connection with acquisition of First Minnesota Savings Bank, F.S.B. Granted, December 14, 1990.
Chicago Pinnacle Banc Group, Inc., Oak Brook, Illinois — to acquire The Berwyn National Bank, Berwyn, Illinois. Approved, December 14, 1990.
Staff Director Royal Bank of Scotland Group pic, Edinburgh, Scotland BS&R — extension to discontinue certain activities. Granted, December 12, 1990.
San Francisco Security Bank Holding Company, Coos Bay, Oregon — to engage de novo in mortgage lending and data processing activities through Security Mortgage Company. Returned, December 10, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City Tescott Bancshares, Inc., Tescott, Kansas — proposal to establish Salina Federal Savings Bank, Salina, Kansas, which was formed to acquire certain assets and assume certain liabilities of the Salina branch of First Federal Savings Bank of Kansas, Wellington, Kansas. Approved, December 10, 1990.
Kansas City Tescott Bancshares, Inc., Tescott, Kansas — to acquire Bank of Tescott, Tescott, Kansas. Approved, December 10, 1990.
Staff Director Tescott Bancshares, Inc., Tescott, Kansas — proposal BS&R that The Bank of Tescott purchase the assets and ass '.lie the liabilities of Salina Federal Savings Bank, Salina, Kansas, which was formed to acquire certain assets and assume deposit liabilities of the Salina branch of First Federal Savings Bank of Kansas, Wellington, Kansas. Approved, December 14, 1990.
Chicago Valley Bancorporation, Appleton, Wisconsin — to acquire Western Federal Savings and Loan Association, Sparta, Wisconsin. Returned, December 14, 1990.
New York Valley National Bancorp, Wayne, New Jersey — to acquire Mayflower Financial Corporation, Livingston, New Jersey, and Mayflower Savings Bank, SLA. Approved, December 14, 1990.
BANK MERGERS
Kansas City American State Bank and Trust Company, Great Bend, Kansas — to acquire certain assets and assume certain liabilities of the Great Bend branch of First Federal Savings Bank of Kansas, Wellington, Kansas. Approved, December 14, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK MERGERS
Chicago American Trust & Savings Bank, Dubuque, Iowa — to purchase certain assets and assume certain deposit liabilities of the Dyersville branch of Midland Savings Bank FSB, Des Moines, Iowa. Approved, December 14, 1990.
Cleveland Society Bank & Trust, Toledo, Ohio — to acquire eight branches of Society National Bank. Approved, December 10, 1990.
Kansas City Stock Exchange Bank, Caldwell, Kansas — to acquire certain assets and assume certain liabilities of the Caldwell branch of First Federal Savings Bank of Kansas, Wellington, Kansas. Approved, December 14, 1990.
BANK PREMISES
Chicago De Motte State Bank, De Motte, Indiana — investment in bank premises. Approved, December 11, 1990.
Staff Director Marine Bank of Bloomington - Normal, Bloomington, BS&R Illinois — investment in bank premises. Approved, December 10, 1990.
BANKS, STATE MEMBER
S t . Louis Elliott State Bank, Jacksonville, Illinois — payment of a dividend. Approved, December 12, 1990.
Dallas Peoples State Bank, Rocksprings, Texas — six months1 notice of withdrawal from membership in the Federal Reserve System. Waived, December 10, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
CAPITAL STOCK
Dallas Albany Bancshares, Inc., Albany, Texas — redemption of shares. Approved, December 14, 1990.
Kansas City ASB Bancshares, Inc., Archie, Missouri — redemption of shares. Approved, December 14, 1990.
Kansas City Eustis Bancshares, Inc., Eustis, Nebraska — redemption of shares. Approved, December 11, 1990.
Staff Director Fifth Third Bank, Cincinnati, Ohio — issuance of BS&R subordinated note. Approved, December 10, 1990.
Cleveland Independent State Bank of Ohio, Columbus, Ohio — redemption of shares. Approved, December 14, 1990.
Chicago Iroquois Bancorp, Inc., Gilman, Illinois - redemption of shares. Approved, December 14, 1990.
Chicago Loof Investment Co., Grand Junction, Iowa redemption of shares. Approved, December 14, 1990.
CHANGE IN BANK CONTROL
Kansas City ASB Bancshares, Inc., Archie, Missouri — change in bank control. Permitted, December 14, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
CHANGE IN BANK CONTROL
Cleveland Bank of Delaware Corporation, Wilmington, Delaware — change in bank control. Permitted, December 10, 1990.
St. Louis City Bancorp, Inc., Murphysboro, Illinois — change in bank control. Permitted, December 14, 1990.
Kansas City Eustis Lrjicshares, Inc., Eustis, Nebraska — change in bank control. Permitted, December 11, 1990.
Chicago Iroquois Bancorp, Inc., Gilman, Illinois — change in bcirk control. Pei fitted, December 14, 1990.
Chicago Loof Investment Co., Grand Junction, Iowa — change in bank control. Permitted, December 14, 1990.
Minneapolis Plainview Bankshares, Inc., Plainview, Minnesota — change in bank control. Permitted, December 14, 1990.
COMPETITIVE FACTORS REPORTS
Kansas City Air Academy National Bank, Colorado Springs, Colorado, proposed merger with Air Academy Interim National Bank — report on competitive factors. Submitted, December 13, 1990.
San Francisco Century Federal Savings and Loan Association, Pasadena, California, proposed purchase of assets and assumption of certain liabilities of Household Bank, F.S.B., Newport Beach, California — report on competitive factors. Submitted, December 11, 1990.
S t . Louis Community Savings Bank, F.S.B., New Albany, Indiana, proposed merger with Community Savings Bank (to be formed as a federal stock savings bank) — report on competitive factors. Submitted, December 12, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
St. Louis First State Bank of St. Francois County, Bonne Terre, Missouri, proposed purchase of certain assets and assumption of certain liabilities of Capital Bank Cape Girardeau County, Cape Girardeau, Missouri — report on competitive factors. Submitted, December 11, 1990.
Boston Kingfield Savings Bank, Kingfield, Maine, proposed acquisition of the Phillips and Rangeley, Maine, offices of Maine National Bank, Portland, Maine — report on competitive factors. Submitted, December 12, 1990.
Minneapolis Marquette Bank Brookdale, Brooklyn Center, Minnesota, proposed merger with the Brookdale Branch of Marquette Bank Minneapolis, Minneapolis, Minnesota — report on competitive factors. Submitted, December 13, 1990.
Minneapolis Marquette Bank Golden Valley, Golden Valley, Minnesota, proposed merger with the Golden Valley branch of Marquette Bank Minneapolis, Minneapolis, Minnesota — report on competitive factors. Submitted, December 13, 1990.
Chicago Metrobancorp, Indianapolis, Indiana, proposed acquisition of Metro Federal Savings Bank — report on competitive factors. Submitted, December 12, 1990.
Richmond Robeson Savings Bank, Inc., Lumberton, North Carolina, proposed acquisition of Poughkeepsie Savings Bank, FSB, Poughkeepsie, New York — report on competitive factors. Submitted, December 10, 1990.
Boston Seabrook Bank and Trust Company, Seabrook, New Hampshire, proposed merger with New Hampshire Savings Bank, Concord, New Hampshire — report on competitive factors. Submitted, December 12, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
New York Shadow Lawn Savings Bank, SLA, proposed purchase of the 940 Fisher Boulevard, Toms River, New Jersey, branch of Anchor Savings Bank, FSB, Northport, New York — report on competitive factors. Submitted, December 11, 1990.
New York Shadow Lawn Savings Bank, SLA, West Long Branch, New Jersey, proposed purchase of certain assets and assumption of certain liabilities of the Toms River branch of Anchor Savings Bank, FBS, Northport, New York — report on competitive factors. Submitted, December 11, 1990.
Chicago Summitville Bank & Trust Company, Summitville, Indiana, proposed merger with Community Federal Savings Bank, Lapel, Indiana — report on competitive factors. Submitted, December 14, 1990.
Atlanta Worth Federal Savings and Loan Association, Sylvester^ Georgia, proposed merger with Colony Interim, Inc., Fitzgerald, Georgia — report on compet it ive factors. Submitted, December 10, 1990.
EXTENSIONS OF TIME
Atlanta AmSouth Bancorporation, Birmingham, Alabama — extension to March 10, 1991, to acquire First Bank of Maury County, Columbia, Tennessee, and relocate to Nashville, Tennessee. Granted, December 11, 1990.
Atlanta AmSouth Bank of Tennessee, Columbia, Tennessee — extension to March 10, 1991, to merge with First Bank of Maury County, and become a member of the Federal Reserve System. Granted, December 11, 1990.
San Francisco BankAmerica Corporation, San Francisco, California - extension to divest certain property. Granted, December 11, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
San Francisco BankAmerica Corporation, San Francisco, California - extensions to divest certain properties. Granted, December 11, 1990.
Atlanta Barnett Banks, Inc., Jacksonville, Florida — extension to March 7, 1991, to acquire Barnett Card Services Bank, National Association, Jacksonville, Florida. Granted, December 11, 1990.
Minneapolis Citizens State Bank, Clark, South Dakota — extension for ninety days to complete construction of branch in Watertown, South Dakota. Granted, December 13, 1990.
Kansas City Commerce Bancshares, Inc., Kansas City, Missouri — extension to March 19, 1991, to acquire the Commerce Bank of Platte County, National Association. Granted, December 14, 1990.
Philadelphia FB&T Corporation, Hanover, Pennsylvania — extension to March 22, 1991, to acquire Monumental Federal Savings Bank, Baltimore, Maryland. Granted, December 14, 1990.
San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, December 11, 1990.
San Francisco First Security Corporation, Salt Lake City, Utah — extensions to divest certain properties. Granted, December 11, 1990.
San Francisco North Cascades Bancshares, Inc., Chelan, Washington - - extension to March 27, 1991, to acquire North Cascades National Bank. Granted, December 11, 1990.
S t . Louis Owenton Bancorp, Inc., Owenton, Kentucky — extension to March 14, 1991, to redeem shares. Granted, December 12, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
New York Saban S.A., Panama City, Panama — extension to March 15, 1991, to acquire Safra National Bank of New York, New York. Granted, December 14, 1990.
INTERNATIONAL OPERATIONS
Staff Director Bank of California International, San Francisco, BS&R California — amendment to articles Third and Sixth to move the home office from San Francisco to New York, and to change the site of the annual meeting. Approved, December 14, 1990.
Staff Director Chase Manhattan Overseas Banking Corporation, BS&R Wilmington, Delaware — to make an investment in The Chase Manhattan Bank of Canada, Toronto, Canada. Permitted, December 10, 1990.
New York Citibank International, Miami, Florida — to extend corporate charter for a period of twenty years. Approved, December 14, 1990.
RESERVE BANK OPERATIONS
Director, FRBO Federal Reserve Bank of New York — to purchase office automation equipment. Approved, December 10, 1990.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Atlanta Interbanc Savings and Loan Association, Fort Lauderdale, Florida, proposed merger with Interbanc Financial Group, Inc. — report on competitive factors. Submitted, December 6, 1990.
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SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Application Comment Period Ending Date
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
Application Comment Period Ending Date
NONE
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Application Comment Period Ending Date
NONE
SECTION IV ~ APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER OR NEWSPAPER NOTICE
Application
NONE
♦Subject to CRA
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Garment Period Ending Date
SECTION I
Applications Subject to Newspaper ______Notice Only______
United Jersey Bank, Hackensack, New Jersey to establish an offsite electronic facility at UJB Financial Operations Center, 55 Challenger Boulevard, Ridgefield Park, New Jersey.1/ 1/4/91
SECTION II
Applications Subject to Both Newspaper arid Federal Register Notice
None.
SECTION III
Nonbanking Applications (Subject to Federal Register Notice Only)
None. SECTION IV
Applications Not Involving ______Public Comment_____
None.
1/ Subject to provisions of Ccnrounity Reinvestment Act. 2/ Later of dates specified in newspaper and Federal Register notices. 3/ Date specified in newspaper notice; a later date may be specified in the Federal Register notice. N/A - Not Available 4/ Date specified in Federal Register notice; a later date may be specified in the newspaper notice.
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SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
Comment Period Ending Date
None.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Comment Period Ending Date
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
None.
1/ Subject to provisions of Community Reinvestment Act. * N/A - not yet available.
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Applications Bulletin For Week Ending December 15, 1990
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
NONE
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
Received notice on December 10, 1990 from Heartland Bank, Grove City, Ohio, of its intent to redeem up to 5.64 percent of its common stock outstanding.
* - Subject to CRA # - Expected to end approximately 30 days from the date of receipt N - Newspaper Comment Period F - Federal Register Comment Period
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Section 1 - Applications Subject to Newspaper Notice Only
Application Comment Period Ending Date
First Virginia Bank - South Hill, South Hill, Virginia, for permission to establish a branch at the inter section of Routes 903 and 751, Lake Gaston, Bracey, Virginia.* 1-4-91
Section II - Applications Subject to Both Newspaper and Federal Register Notice
Application Comment Period Ending Date
Key Centurion Bancshares, Inc., Charleston, West Virginia, to acquire Southern Bankshares, Inc., Beckley, West Virginia.* 1-10-91
Section III - Applications Subject to Federal Register Notice
Application Comment Period Ending Date
Resource Bancshares Corporation, Columbia, South Carolina, to acquire four South Carolina branches of Poughkeepsie Savings Bank, F.S.B., Poughkeepsie, New York. Not yet available.
Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
Application
None.
*Application is subject CRA.
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Section I - Application Subject to Newspaper Notice Only
Application
Sovran Bank/Central South 12-19-90 (CRA) Nashville, Tennessee Newspaper To establish a branch office at 1648 Fort Campbell Boulevard, Clarksville, Tennessee, to be known as Sovran Bank/Central South Cummingham Plaza.
TransAtlantic Bank Miami, Florida To establish a branch office at the Aventura Mall, Biscayne Boulevard and N.E. 195-203 Streets, Miami, Florida, to be known as Aventura Branch of TransAtlantic Bank.
Section II - Applications Subject To Both Newspaper and Federal Register Notice
Application Comment Period Ending Date
First Commercial Bancshares, Inc. Jasper, Alabama To acquire Citizens Independent Bancorp, Huntsville, Alabama, and thereby indirectly acquire its banking subsidiary, Citizens Independent Bank, Huntsville, Alabama.
The Peoples Holding Company Fort Walton Beach, Florida To become a bank holding company by acquiring Peoples Federal Savings Bank, Fort Walton Beach, Florida, and converting it to a commercial bank to be known as Community & Peoples State Bank, Fort Walton Beach, Florida.
Kislak Financial Corporation 12-20-90 Miami Lakes, Florida Federal Register 1-BHC formation, Kislak National Bank, North Miami, Florida.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Citizens Financial Acquisition Corporation 12-19-90 Greensboro, Georgia Federal Register 1-BHC formation, Citizens Union Bank, Greensboro, Georgia.
First City Bancorp, Inc. 12-27-90 Murfreesboro, Tennessee Newspaper Change in control by William E. Rowland to acquire up to 16.1 percent; William Kent Coleman to acquire up to 11.8 percent; and Robert Murfree to acquire up to 15.1 percent of the outstanding shares of common stock.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of Chicago Section I - Applications Subject to Newspaper notice Only Comment Period 2YES Application Rnrii’nf^ Hate Merger/ First of America Bank-Northern Michigan N - 12-9-90 Branch Traverse City, Michigan First of America Bank-Manistee Manistee, Michigan* EFT Bankers Trust Company N - 12-30-90 Des Moines, Iowa Kum-N-Go, 60th and Ashworth West Des Moines, Icvra* Membership Royal American Bank (in organization) N - 1-9-91 Inverness, Illinois To become a member of the Federal Reserve System* Merger/ Canerica Bank-Detroit N - ** Detroit, Michigan Ccmerica Bank - Jackson, N.A. Jackson, Michigan*
Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Type Application Ending Date Y-2 First State Bancorp of Manficello, Inc. FR - 12-31-90 Monticello, Illinois N - 12-31-90 Atwood State Bank Atwood, Illinois*
CoC-HC Continental Mortgage Corporation FR - 12-21-90 Maywood, Illinois N - ** Nancy K. Kelly & Clay Belongia as, Trustees under Peter D. Giachini Charitable Remainder Trust
Y-2 First Midwest Corporation of Delaware FR - 1-8-91 Elmwood Park, Illinois N - 12-28-90 Oguawka Bancshares, me. Oguawka, Illinois Bank of Oguawka Oguawka, Illinois*
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of Chicago Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued) Garment Period Type Application Ending Date
Y-2 Pinnacle Banc Group, Inc. FR - 1-8-91 Oak Brook, Illinois N - ** The Hemy County Bank Green Rock, Illinois* Y-l Royal American Corporation FR - 1-8-91 Inverness, Illinois N - 1-9-91 Royal American Bank (in organization) Inverness, Illinois*
Y-l Agri Bancorporation FR - ** Webster City, Icwa N - ** Agri-Bank Corporation Vtebster City, Iowa The Fanners National Bank of Webster City Webster City, Iowa* Y-l Illiopolis Bancorporation, Incorporated FR - ** Springfield, Illinois N - ** Farmers State Bank and Trust Illiopolis, Illinois*
Section III - Applications Subject tn Efideral Rp-mster Notice Only Comment Period Type Application Ending nate 4(c)(8) San Bancorp FR - 12-31-90 Sanborn, Iowa Engage in leasing personal or real property 4(c)(8) Mid-Citco Incorporated FR - 12-26-90 Chicago, Illinois Mid-Citco Data Services, Inc. Chicago, Illinois Y-4 Metrobancorp FR - 1-8-91 Indianapolis, Indiana Metro Federal Savings Bank Indianapolis, Indiana 4(c)(8) Firstar Corporation of Arizona ER - 1-8-91 De Novo in Portfolio Investment Advisory Services Y-4 Gcnnunity Bancshares, Inc. ER - 1-8-91 Noblesville, Indiana Lapel Branch Colonial Central Savings Bank, F.S. lapel, Indiana
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of Chicago Section III - Applications Subject- tr» Farieral Register Notice Only Continued Comment Period Type Application Ending Date 4(c)(8) Financial Center Corporation FR - ** Holland, Michigan Consolidated Bank Services, Inc. Holland, Michigan Y-4 Valley Bancorporation FR - ** Appleton, Wisconsin Great American Savings Bank, FSB Milwaukee, Wisconsin Y-4 Valley Bancorporation FR - ** Appleton, Wisconsin Western Federal Savings and Loan Association Sparta, Wisconsin Y-4 Great Lakes Financial Resource, Inc. FR - ** Homewood, Illinois Allied Mortgage Corporation Chicago, Illinois Y-4 Great lakes Financial Resource, Inc. ESQP FR - ** Homewood, Illinois Allied Mortgage Corporation Chicago, Illinois
SECTION IV - Applications Not Subject to Ttarieral Register Notice Or Newspaper Notice Type Application RoS Agri-Bank Corporation Webster City, Iowa To redeem 16,458 shares (20 percent) ccnmon stock
N - Newspaper FR - Federal Register * - Subject to Provisions of Gamnunity Reinvestment Act ** - Not available at this timp
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of St. Louis December 14, 1990
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
None
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE Application End of Comment Period
Change in control notification involving Security Bancshares, Inc., Paris, Tennessee, by Barry Park McIntosh (Not available)
Change in control notification involving Security Bancshares, Inc., Paris, Tennessee, by Galen Brent Greer (Not available)
* Section 3(a)(3) application by Mercantile Bancorp, Inc., Quincy, Illinois, to acquire Maine Trust Company of Carthage, Carthage, Illinois (Not available)
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
None
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Stock redemption notification by Ohio County Bancshares, Inc., Beaver Dam, Kentucky *
* This application is subject to CRA
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to Newspaper Notice Only
Comment Period Application Ending Date
None.
Section II - Applications Subject to Both Newspaper and Federal Register Notice
Comment Period Application Ending Date
Ellsworth Bancshares, Inc. Not yet available Ellsworth, MN To acquire Ellsworth State Bank Ellsworth, MN*
John D. O'Brien and JDOB, Inc. Not yet available To acquire control of 25% of First Security Bank of Missoula, Missoula, MT
John A. McHugh Revocable Trust Not yet available To acquire control of 28.88% of Maple Lake Bancorporation, Inc., Edina, MN
Section III - Applications Subject to Federal Register Notice Only
Comment Period Application Ending Date
Commercial Banshares, Inc. Not yet available Mitchell, SD To acquire Spectrum Life Insurance Company, Mitchell, SD *
*Subject to CRA
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FEDERAL RESERVE BANK OF MINNEAPOLIS
Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
Application
None.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of Kansas City
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION COMMENT PERIOD ENDING DATE
The Peoples Bank, Pratt, Kansas, for Not Available prior approval to merge with Sharon Valley State Bank, Sharon, Kansas.
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION COMMENT PERIOD ENDING DATE
Krey Co., Ltd., Pratt, Kansas, for Not Available prior approval to acquire 100 percent of the voting shares of Sharon Valley State Bank, Sharon, Kansas.*
Steven J. Wells, Ardmore, Oklahoma, Not Available for prior approval to increase his proportionate ownership interest in Amcorp Financial, Inc., Ardmore, Oklahoma, by .40 percent to 11.25 p e r c e n t .
Midwest Banco Corporation, Cozad, Not Available Nebraska, for prior approval to acquire 100 percent of the voting shares of Enders Company, Enders, Nebraska, parent of First State Bank, Enders, Nebraska.*
Lee Ann Lewis and Jerrold G. Not Available Hauptman, Littleton, Colorado, for prior approval to acquire 100 percent of the voting shares of Columbine Valley Bank & Trust, Littleton, Colorado.
J. Max Jiles, Sallisaw, Oklahoma, et. Not Available al., for prior approval to acquire 89.73 percent of the voting shares of First Sallisaw Bancshares, Inc., Sallisaw, Oklahoma.
Bethany Bankshares, Inc., Bethany, Not Available Missouri, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of The Bethany Trust Company, Bethany, Missouri.*
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of Kansas City
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION COMMENT PERIOD ENDING DATE
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
APPLICATION
None.
*Application is subject to CRA
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF DECEMBER 10, 1990
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION NOTICE EXP
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION ** NOTICE EXP
Change in Control Notice by Charles S. Aycock, Jr., Rayville, LA, to acquire an interest in First Republic Bancshares, Inc., Rayville, LA 90/12/26
Change in Control Notice by Sidney William Cauthorn, Del Rio, Tx, to acquire an interest in Westex Bancorp, Inc., Del Rio, TX 91/01/01
Section 3(a)(1) application by Kingo, Inc., Wharton, TX, to acquire Community State Bank, Boling, TX 91/01/07
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION NOTICE EXP
Section 4(c)(8) de novo notification by Winn Bancshares, Inc., Winnfield, LA, to acquire Beville Street Agency, Inc., Winnfield, LA (engage in underwriting credit life and disability insurance) N/A
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
APPLICATION
None.
* SUBJECT TO CRA. ** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY. N/A - NOT AVAILABLE AT THIS TIME.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 12/14/90
Section I - Applications Subject to Newspaper Notice Only Application Comment Period Ending Date
Valley Bank of Nevada, Las Vegas, Nevada, to Newspaper: 12/23/90 establish a branch in the Von's Grocery Store, 3325 E. Russell Road, Las Vegas, Nevada. *
Valley Bank of Nevada, Las Vegas, Nevada, to Newspaper; 12/23/90 establish a branch in the Von's Grocery Store, 2500 E. Desert Inn, Las Vegas, Nevada. *
Valley Bank of Nevada, Las Vegas, Nevada, to Newspaper: 12/23/90 establish a branch in the Von's Grocery Store, 309 S. Decatur, Las Vegas, Nevada. *
Section II - Applications Subject to Both Newspaper and Federal Register Notice
Dr. Roger C.S. Lin, Honolulu, Hawaii, to Newspaper: 10/16/90 acquire EastUest Financial Group, Honolulu, Hawaii. Fed. Reg.: 1/04/91
Section III - Applications Subject to Federal Register Notice Only
The Mitsubishi Bank, Limited, Tokyo, Japan, Fed. Rea.: 1/18/91 to engage in a full range of swap activities and related advising through Mitsubishi Capital Market Services, Inc., New York, New York.
The Kyowa Bank, Ltd., Tokyo, Japan, to Fed. Rea.: 1/08/91 acquire Saitama Bank Trust Company of New York, New York, N.Y.
Palm Desert Investments, Palm Desert, Fed. Rea.: 1/10/91 California, to engage de novo, directly, in mortgage lending activities.
Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice None
Subject to CRA.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis