ANNOUNCEMENT Afr 19 9 1 ' N o * 4 Cff ^Actions or the Board, its Staff, and BOARD OF GOVERNORS ^ Federal Reserve Banks; OF THE 0ifiL Appli^tMons and Reports Received FEDERAL RESERVE SYSTEM D u r t o ^ e We^k Ending January 26, 1991 n ACTIONS TAKEN BY THE BOARD OF GOVERNORS
TESTIMONY AND STATEMENTS
Economic prospects and the appropriate course for policy in the current environment — statement by Chairman Greenspan before the House Committee on the Budget, January 22, 1991. Published, January 22, 1991. BANK HOLDING COMPANIES
Chemical Banking Corporation, New York, New York — petition for reconsideration of Board approval of applications to acquire Texas Commerce Equity Holdings, Inc., Wilmington, Delaware, and Equity Holdings to acquire Texas CommerceTs 18 bank subsidiaries in Texas. Denied, January 25, 1991.
Creditanstalt - Bankverein, Vienna, Austria — to engage in the private placement of all types of securities as agent through Creditanstalt International Advisers, Inc., New York, New York. Approved, January 22, 1991.
Firstar Corporation, Milwaukee, Wisconsin, and Firstar Corporation of Arizona — to engage de novo in investment advisory services. Permitted, January 25, 1991.
Hayward Bancshares, Inc., Hayward, Wisconsin — to acquire Peoples Bancshares of Hayward, Inc., and The Peoples National Bank of Hayward. Approved, January 22, 1991.
MNC Financial, Inc., Baltimore, Maryland, and the Maybaco Company, a Limited Partnership — to acquire MBNA America, N.A., Newark, Delaware, a de novo bank; and MBNA America Bank, N.A., and MBNA Corp. to become bank holding companies by acquiring the de novo bank. Approved, January 22, 1991.
Whitcorp Financial Company, Leoti, Kansas — to acquire First National Bank in Lamar, Lamar, Colorado, and Securities Investment Company; to engage in consumer lending and credit related insurance; and to engage in general insurance agency activities. Approved, January 22, 1991.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis H. 2 JANUARY 22, 1991 TO JANUARY 25, 1991 PAGE 2
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
BOARD OPERATIONS
Office of Information Resources Management — appointment of Steven R. Malphrus as Director, effective February 3, 1991. Approved, January 22, 1991.
FORMS
Bank Holding Company Application Form For Foreign Companies (FR Yl-F) — extension. Approved, January 23, 1991.
Bank Holding Company Application Forms (FR Y~1, FR Y- 2, and FR Y-4); and Bank Merger Application (FR 2070) — extension for FR Y-l through FR Y-4 through January 31, 1994, with FR 2070 to be discontinued. Approved, January 23, 1991.
Domestic Branch Application (FR 4001); Notice of Proposed Stock Redemption (FR 4008); and Investment in Banking Premises Application (FR 4014) — extension. Approved, January 23, 1991.
Monthly Survey of Industrial Electricity Use FR 2009a and 2009b) — extension. Approved, January 23, 1991.
Report of Condition for Edge and Agreement Corporations (FR 2886b) — extension. Approved, January 23, 1991.
REGULATIONS AND POLICIES
Money laundering — letter to the Treasury commenting on proposed amendments to the Bank Secrecy Act regulations to expand certain recordkeeping requirements. Approved, January 22, 1991.
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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
Kansas City United New Mexico Bank at Albuquerque, Albuquerque, New Mexico — to establish a branch in Rio Rancho, New Mexico. Approved, January 22, 1991.
BANK HOLDING COMPANIES
Cleveland Community Independent Bancorp, Inc., West Salem, Ohio — to acquire The Farmers State Bank of West Salem. Approved, January 22, 1991.
Chicago Financial Center Corporation, Holland, Michigan — to engage de novo in management consulting advice through Consolidated Bank Services, Inc. Permitted, January 25, 1991.
Chicago First Chicago Corporation, Chicago, Illinois — to engage de novo in trust and investment advisory activities through Brinson Trust Company. Permitted, January 25, 1991.
Chicago First Chicago Corporation, Chicago, Illinois — to engage de novo in underwriting and dealing, to a limited extent, in debt securities, acting as agent in the private placement of securities, buying and selling all types of securities, as a riskless principal, and brokerage activities through First Chicago Capital Markets, Inc. Withdrawn, January 25, 1991.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Dallas First Gilmer (Delaware) Holdings? Ltd.? Wilmington? Delaware — to acquire First National Bank? Gilmer? Texas. Approved? January 24? 1991.
Chicago Great Lakes Financial Resources? Inc. Employee Stock Ownership Plan? Homewood? Illinois? and Great Lakes Financial Resources? Inc. — to acquire Allied Mortgage Corporation. Returned? January 23? 1991.
New York Lehigh Financial Bancorp? Union? New Jersey -- to acquire Lehigh National Bank. Returned? January 25? 1991.
Chicago Minowa Banshares? Inc., Decorah, Iowa *— to acquire Decorah State Bank? and The First National Bank of Mabel? Mabel? Minnesota. Approved? January 23? 1991.
Chicago Northern States Financial Corporation? Waukegan? Illinois — to acquire First Federal Bank? FSB. Returned? January 22? 1991.
Cleveland Park National Corporation? Newark? Ohio — to engage de novo in community development activities. Permitted? January 23? 1991.
Minneapolis RCB Holding Co.? Roseville? Minnesota — to acquire Roseville Community Bank? N.A. Approved? January 22? 1991.
Minneapolis Security State Bank Holding Company? Hannaford? North Dakota — to acquire First State Bank of New Rockford? New Rockford? North Dakota. Approved? January 24? 1991.
Chicago Southwestern Wisconsin Bancshares? Inc.? Highland? Wisconsin — to acquire Highland State Bank. Approved? January 25? 1991.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Minneapolis Underwood Bancshares, Incorporated, Underwood, Minnesota — to engage in lending activities and other extensions of credit. Returned, January 23, 1991.
Chicago Valley Bancorporation, Appleton, Wisconsin — to acquire Great American Savings Bank, FSB, Milwaukee, Wisconsin, and Western Federal Savings and Loan Association, Sparta, Wisconsin. Approved, January 23, 1991.
BANK MERGERS
Staff Director Great American Savings Bank, FSB, Milwaukee, BS&R Wisconsin -- to merge with Valley Bank Thiensville Mequon, Thiensville, Wisconsin. Approved, January 23, 1991.
Kansas City United New Mexico Bank at Albuquerque, Albuquerque, New Mexico — to acquire American Bank, N.A., Rio Rancho, New Mexico. Approved, January 22, 1991.
BANK PREMISES
Chicago La Salle State Bank, La Salle, Illinois — investment in bank premises. Approved, January 24, 1991.
San Francisco Nevada Community Bank, Las Vegas, Nevada — investment in bank premises. Approved, January 24, 1991.
BANKS, STATE MEMBER
Minneapolis Farmers State Bank, Madelia, Minnesota — payment of a dividend. Approved, January 22, 1991.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
CHANGE IN BANK CONTROL
San Francisco EastWest Financial Group, Inc., Honolulu, Hawaii — change in bank control. Returned, January 22, 1991.
Dallas First Republic Bancshares, Inc., Rayville, Louisiana — change in bank control. Permitted, January 22, 1991.
Chicago Schroeder - Goodenow Management Co., Atlantic, Iowa - - change in bank control. Permitted, January 25, 1991.
Kansas City Valley State Investments, Inc., Lamar, Colorado — change in bank control. Permitted, January 22, 1991.
COMPETITIVE FACTORS REPORTS
Kansas City Commerce Bank of Kansas City, N.A., Kansas City, Missouri, proposed merger with Commerce Bank of Clay County, N.A. — report on competitive factors. Submitted, January 22, 1991.
Kansas City Commercial National Bank of Kansas City, Kansas City, Kansas, proposed merger with First National Bank of Overland Park, Overland Park, Kansas — report on competit ive factors. Submitted, January 22, 1991.
Philadelphia Community National Bank of New Jersey, Westmont, New Jersey, proposed merger with Interim Community National Bank of New Jersey — report on compet it ive factors. Submitted, January 24, 1991.
Chicago Summitville Bank & Trust Company, Summitville, Indiana, proposed merger with Community Federal Savings Bank, Lapel, Indiana — report on compet it ive factors. Submitted, January 23, 1991.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Dallas Texas Commerce Bank - Arlington, N.A., Arlington, Texas, and Texas Commerce Bank - Fort Worth, N.A., Fort Worth, Texas, proposed merger with Texas Commerce Bank - Dallas, N.A., Dallas, Texas — report on competitive factors. Submitted, January 23, 1991.
Atlanta Union Bank, Pulaski, Tennessee, and Citizens Bank, Savannah, Tennessee, proposed merger with First National Bank of Lawrenceburg, Lawrenceburg, Tennessee — report on competitive factors. Submitted, January 24, 1991.
Dallas United New Mexico Bank at Roswell, NA, Roswell, New Mexico, proposed merger with First Interstate Bank of Roswell — report on competitive factors. Submitted, January 23, 1991.
EXTENSIONS OF TIME
Philadelphia Diamond State Bancorp., Inc., Dover, Delaware — extension to April 26, 1991, to acquire Diamond State Bank, N.A. Granted, January 25, 1991.
San Francisco First Interstate Bancorp, Los Angeles, California — extension to divest certain property. Granted, January 25, 1991.
Chicago First Marengo Financial Corporation, Marengo, Illinois — extension to May 13, 1991, to acquire First National Bank of Marengo. Granted, January 24, 1991.
Cleveland F.N.B. Corporation, Hermitage, Pennsylvania — extension to May 15, 1991, to acquire Dollar Savings Association, New Castle, Pennsylvania. Granted, January 22, 1991.
San Francisco Hanmi Bank, Los Angeles, California — extension to August 17, 1991, to establish a branch at 116 Western Avenue. Granted, January 24, 1991.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Minneapolis Norwest Corporation, Minneapolis, Minnesota — extension to March 22, 1991, to acquire Norwest Federal Savings Bank, the successor to Yankton Savings and Loan Association, Yankton, South Dakota. Granted, January 22, 1991.
Atlanta Summerville / Trion Bancshares, Inc., Summerville, Georgia — extension to April 22, 1991, to engage de novo in insurance activities. Granted, January 23, 1991.
Atlanta SunTrust Banks, Inc., Atlanta, Georgia — extension to April 27, 1991, to acquire BHC Holdings, Inc., Philadelphia, Pennsylvania. Granted, January 23, 1991.
INTERNATIONAL OPERATIONS
Staff Director Republic National Bank of New York, New York, New BS&R York, and Saban, S.A., Panama City, Republic of Panama — to make an investment in Republic National Bank of New York S.A., Luxembourg City, Luxembourg. Approved, January 24, 1991.
REGULATIONS AND POLICIES
Director, C&CA Regulation Z — preemption of certain provisions of law of New Mexico dealing with disclosures for closed - end credit transactions (Docket R-0708). Approved, January 22, 1991.
SECURITIES REGULATION
Staff Director Over-the-counter stocks — revised list of OTC stocks BS&R subject to margin requirements, and a list of foreign margin stocks, effective February 11, 1991. Published, January 25, 1991.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Atlanta Barnett Banks, Inc., Jacksonville, Florida — exemption from tie-in prohibitions. Withdrawn, December 17, 1990.
Chicago Farmers Savings Bank, Trustee of Farmers Savings Bank Employee Stock Ownership Plan & Trust, West Union, Iowa — to acquire BJS, Inc., Westmont Corporation and The Farmers Savings Bank. Returned, January 2, 1991.
Boston Fleet / Norstar Financial Group, Inc., Providence, Rhode Island — to engage de novo in the provision of management consulting activities through Fleet / Norstar Services Corporation, Albany, New York. Permitted, January 18, 1991.
Chicago Mid Town Bancorp, Inc., Chicago, Illinois — to engage de novo in management consulting services through Falcon Financial Advisors, Inc. Returned, January 18, 1991.
EXTENSIONS OF TIME
Chicago Honor Bancorp, Inc., Honor, Michigan — extension to April 30, 1991, to acquire The Honor State Bank. Granted, January 18, 1991.
Chicago North Milwaukee Bancshares, Inc, Milwaukee, Wisconsin — extension to May 8, 1991, to acquire North Milwaukee State Bank. Granted, January 18, 1991.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FEDERAL RESERVE BANK OF BOSTON APPLICATIONS
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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Comment Period Ending Date
SECTION I
Applications Subject to Newspaper ______Notice Only______
Chemical Bank, New York, New York to establish a branch at Bronx Community College, University Avenue and West 181st Street, Bronx, New York.!/ 2/15/91
Chemical Bank, New York, New York to relocate a branch office from 222 Mamaroneck Avenue to 191 Mamaroneek Avenue, White Plains, New York.l/ 2/19/91
SECTION II
Applications Subject to Both Newspaper and Federal Register Notice
North Fork Bancorporation, Inc., Mattituck, New York to acquire Eastchester Savings Bank, White Plains, New York.l/ 2/8/91 2/
HSBC Holdings Limited, Hong Kong to become a bank holding company with respect to Ihe Hongkong and Shanghai Banking Corporation Limited, Hong Kong, Kellett NV, Netherlands Antilles, HSBC Holdings B.V., Amsterdam, Netherlands, Marine Midland Banks, Inc., and Marine Midland Bank, N.A., both of Buffalo, New York. HSBC Holdings Limited also seeks to acquire certain warrants held by Marine Midland Banks Inc. to purchase up to 24.9 percent of the outstanding voting shares of Statewide Bancorp, Toms River, New Jersey. Finally, HSBC Holdings Limited seeks to acquire all of the nonbanking subsidiaries of the above listed companies and thereby to engage indirectly in various nonbanking activities in the United States.1/ 2/6/91 2/
SECTION III
Nonbanking Applications (Subject to Federal Register Notice Only)
The Long-Term Credit Bank of Japan Limited, Tokyo, Japan to expand the geographic scope of its lending, leasing and financial advisory activities from a nationwide to a worldwide basis. 2/7/91
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal http://fraser.stlouisfed.org/ Digitized Reserve for FRASER Bank of 4/ Date specified in Federal Register notice; a later date may be may date later a notice; Register Federal in specified Date 4/
St. |W (CO|H Louis later of dates specified in newspaper and Federal Register notices. Available Not - Register N/A Federal and Act. newspaper in Reinvestment specified Community dates of of later provisions to Subject the Federal Register notice. Register Federal the specified in the newspaper notice. newspaper the in in specified specified be may date later a notice; newspaper in specified Date aa o naetruhissbiir, Greenwich subsidiary, its through engage to Japan None. activities, principal riskless and placement private Tokyo, Limited, Japan, of Bank Credit Long-Term The hnhdig N/A hedging. than in Connecticut Greenwich, Inc., Markets, Capital options on futures transactions for purposes other purposes for transactions futures on options securities brokerage activities, and in trading in and activities, brokerage securities foreign exchange forward, futures, options and options futures, forward, exchange foreign
______Applications Not Involving Not Applications SECTION III cont. III SECTION Public Comment Public SECTION IV SECTION ______
FEDERAL RESERVE BANK OF PHILADELPHIA
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
Fulton Financial Corporation, Lancaster, PA 2/15/91 to acquire 100% of Great Valley Savings Association, Reading, PA, pursuant to Section 4(c)(8) of the Bank Holding Company Act.
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 January 26, 1991
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
Received Section 3(a)(1) application * N - February 18, 1991 from ENFIN, Inc., Solon, Ohio, to acquire Enterprise Bank, Solon, Ohio.
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Received Section 4(c)(8) application February 24, 1991 from Banc One Corporation and Banc One Ohio Corporation, both of Columbus, Ohio, to acquire certain assets and assume certain liabilities of Citizens Federal Savings and Loan Association, Dayton, Ohio.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
NONE
* - S u b j e c t to C R A # - 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 I - Applications Subject to Newspaper Notice Only
Application Comment Period Ending Date
Signet Bank/Virginia, Richmond, Virginia, to operate an Electronic Funds Transfer Facility at the Circuit City Corporate Headquarters, 9950 Mayland Drive, Richmond, Virginia.* 2-17-91
Signet Bank/Virginia, Richmond, Virginia, to establish an Electronic Funds Transfer Facility at Gateway Centre, 101 Gateway Parkway, Richmond, Virginia.* 2-17-91
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
Application Comment Period Ending Date
BB&T Financial Corporation, Wilson, North Carolina, to acquire Gate City Federal Savings and Loan Association, Greensboro, North Carolina. Not yet available.
CB&T Financial Corp., Fairmont, West Virginia, to engage de novo in data processing, proof and transit, book keeping and statement rendering and reconcilement services through a subsidiary to be known as CB&T Operations Company, Inc. Not yet available.
*Application is subject to CRA.
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Application
None.
-2-
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Section I - Applications Subject to Newspaper Notice Only
Application
Alerion Bank New Orleans, Louisiana To establish a branch office at 3909 LaPalco Boulevard, Harvey, Louisiana, to be known as the LaPalco Office.
Sovran Bank/Central South 01-31-91 (CRA) Nashville, Tennessee N e w s p a p e r To establish a cash dispenser (automated teller machine) at 1135 Freightliner Drive, Nashville, Tennessee, and at 3150 Starnes Cove, Memphis, Tennessee, to be known as M. S. Carriers Cash Dispenser.
Section II - Applications Subject To Both Newspaper and Federal Register Notice
Application Comment Period Ending Date
GSB Investments, Inc. 01-17-91 Gainesville, Florida Federal Register After-the-fact change in control by Thomas Jessie Hawes, Jr. to retain 15.72 percent of the outstanding shares of common stock.
The Peoples Holding Company 03-01-91 Fort Walton Beach, Florida Newspaper To become a bank holding company by converting the charter of its wholly-owned subsidiary, Peoples Federal Savings Bank, Fort Walton Beach, Florida, to that of a commercial bank to be known as Community & Peoples State Bank, Fort Walton Beach, Florida.
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
Alerion Bank New Orleans, Louisiana To establish Barclaytrust International (Cayman) Limited, British West Indies.
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Section I - Applications Subject to Newspaper Notice Only Garment Period Type Application Rnriinn rate
Branch/24A Citizens Commercial & Savings Bank N - 2-11-91 Flint, Michigan 700 East Big Beaver Road Troy, Michigan*
Membership Bank of Aledo N - ** Aledo, Illinois To became a member in the Federal Reserve System
Section II - Applications Subject to Both Newspaper and Federal Register Notice Comment Period Type Application Ending nate
Y-2 Goodenow Bancorporation FR - 2-12-91 Wall Lake, Iowa N - 1-14-91 Jackson Bancorporation Fairmont, Minnesota Bank Midwest, Minnesota Iowa, National Association Jackson, Minnesota*
Y-l KSB Financial, Inc. FR - 2-12-91 Kingston, Michigan N - ** The Kingston State Bank Kingston, Michigan*
Y-2 Farmers Savings Bank, Trustee of Fanners FR - ** Savings Bank Employee Stock Ownership N - ** Plan and Trust West Union, Iowa BJS, Inc., West Union, Iowa Westmont Corporation, West Union, Iowa The Fanners Savings Bank, West union, Iowa*
Y-l Mergerco, Inc. FR - ** Farmington Hills, Michigan N - ** Lockwood Banc Group, Inc. Houston, Texas Lockwood National Bank of Houston Houston, Texas*
Y-2 Michigan National Corporation FR - ** Farmington Hills, Michigan N - ** Lockwood Banc Group, Inc. Houston, Texas Lockwood National Bank of Houston Houston, Texas*
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Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued)
Canment Period Type Application Fnriinqt Pate
Y-2 Oakland Financial Services, Inc. FR - ** Oakland, Iowa N - ** Otoe County Bancorporation, Inc. Lincoln, Nebraska Otoe County Bank and Trust Company (in organization) Lincoln, Nebraska*
Y-2 Southwest Canpany FR - ** Sidney, Iowa N - ** Otoe County Bancorporation, Inc. Lincoln, Nebraska Otoe County Bank and Trust Canpany (in organization) Lincoln, Nebraska*
Section III - Applications Subject to Federal Register Notice Only Canment Period Application Enriinn Date
4(c)(8) Marshall & Ilsley Corporation FR - 1-29—91 Milwaukee, Wisconsin M&I Data Services, Inc. Milwaukee, Wisconsin
4(c)(8) Capital Directions, Inc. FR - 2-12-91 Mason, Michigan Monex Financial Services, Inc. Mason, Michigan - providing individuals, businesses and nonprofit organizations tax-planning and tax preparation services
4(c)(8) Capital Directions, Inc. FR - 2-12-91 Mason, Michigan Monex Financial Services, Inc. Mason, Michigan - collecting overdue accounts receivable from retail and commercial customers
4(c)(8) Capital Directions, Inc. FR - 2-12-91 Mason, Michigan Monex Financial Services, Inc. Mason, Michigan - providing data processing services
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Section III - Applications Subject- tn EWte-ral R o ister Notice Only Comment Period Type Application Rnriinq nate
4(c)(8) Capital Directions, Inc. ER - 2-12-91 Mason, Michigan Monex Financial Services, Inc. Mason, Michigan - providing individuals, businesses and nonprofit organizations secretarial, nailing and telephone answering services
4(c)(8) Mid Town Bancorp, Inc. FR - ** Chicago, Illinois Falcon Financial Advisors, Inc. Chicago, Illinois
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 - Acolications Mot Subject to Federal Register Notice Or Newspaper Notice
Type Application
RoS Avoca Financial Services, Inc. Council Bluffs, Iowa To redeem 1,635.35 percent shares cannon stock
N - Newspaper FR - Federal Register * - Subject to Provisions of Community Reinvestment Act ** - Not available at this time
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of St. Louis January 25, 1991
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application End of Comment Period
* Section 3(a)(3) application by United Community Bancorp, Inc., Greenfield, Illinois to acquire Peoples State Bank of Gillespie, Gillespie, Illinois (Not available)
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None. *
* 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
Anthony R. Baraga 1-29-91 To increase his ownership interest (Federal Register) from 8.72% to 10.98% of the voting shares of Merchants & Miners Bank- shares, Inc., Hibbing, MN
Mary Vezzetti 2-14-91 To increase ownership interest from (Newspaper) .5% to 15.9% of Citizens Bancshares, Inc., Ontonagon, MI
401, Inc. 2-11-91 Huron, SD (Newspaper) To acquire, via merger, 100% of First Bancorp, Inc., Huron, SD, a multibank holding company owning First Western Bank, Custer, SD; First Western Bank, Sturgis, SD; First Western Bank, Wall, SD
^Subject to CRA
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Section II - Applications Subject to Both Newspaper and Federal Register Notice (Continued)
Comment Period Application Ending Date
United Banks of Colorado, Inc. Not yet available Denver, CO To acquire 100% of the following Colorado banks: United Bank of Boulder, N.A. , Boulder; United Bank of Colorado Springs, N.A., Colorado Springs; United Bank of Denver, N.A., Denver; United Bank of Fort Collins, N.A., Fort Collins; United Bank of Greeley, N.A., Greeley; United Bank of Montrose, N.A. , Montrose; United Bank of Steamboat Springs, N.A., Steamboat Springs; United Bank of Sterling, N.A., Sterling; United Bank of Grand Junction - Downtown, N.A., Grand Junction; United Bank of Brighton, N.A., Brighton; United Bank of Aurora, N.A. , Aurora; United Bank of Ignacio, N.A., Ignacio; United Bank of Pueblo, N.A. , Pueblo; United Bank of Littleton, N.A. , Littleton; United Bank of Broomfield, N.A. , Broomfield; United Bank of Sunset Park, N.A., Pueblo; United Bank of Lakewood, N.A. , Lakewood; United Bank of Northglenn, N.A., Northglenn; United Bank of Lasalle, N.A., Lasalle; United Bank of Grand Junction, N.A., Grand Junction; United Bank of Delta, N.A., Delta; United Bank of Bear Valley, N.A. , Denver; United Bank of Colorado Springs - East, N.A., Colorado Springs; United Bank of Southglenn, N.A. , Arapahoe County; United Bank of Longmont, N.A. , Longmont; United Bank of Durango, N.A, Durango; United Bank of Skyline, N.A., Denver; United Bank of Buckingham Square, N.A., Aurora; United Bank of Monaco, N.A. , Denver; United Bank of Garden of the Gods, N.A. , Colorado Springs; United Bank of Arvada, N.A., Arvada; United Bank of Fort Collins - South, N.A. , Arvada; United Bank of Arapahoe, N.A. , Englewood; United Bank of Southwest Plaza, N.A., Jefferson County; United Bank of Cherry Creek, N.A., Denver; United Bank of Highland Ranch, N.A., Highland Ranch; United Bank of Academy Place, N.A., Colorado Springs; United Bank of Aurora - City Center, N.A., Aurora; United Bank of Aurora - South, N.A. , Aurora; United Bank of Westminster, N.A. , West minister.*
^Subject to CRA
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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
401, Inc. Not yet available Huron, SD To engage in general insurance agency activities through the acquisition of First Western Agency, Inc.
Martinius Corporation Not yet available Rogers, MN To engage de novo in making or purchasing loans.
Norwest Corporation Not yet available Minneapolis, MN To engage in the activities of securities brokerage and underwriting and dealing in government obligations and money market instruments through the acquisition of UBC Investment Corp., Denver, CO and the bond department of United Bank of Denver, N.A., Denver, Co.
Farmers and Merchants Investment Co. Not yet available Watertown, SD To engage de novo in making and servicing loans for its own account.
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
N o n e .
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION COMMENT PERIOD ENDING DATE
Otoe County Bancorporation, Inc., Not Available Lincoln, Nebraska, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Otoe County Bank & Trust Company, Nebraska City, Nebraska.*
Standard Bancorporation, Inc., Not Available Lincoln, Nebraska, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Standard Bank and Trust, Independence, Missouri.*
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.*
Robert J. O'Halloran, Trustee, Not Available Overland Park, Kansas, for prior approval to control as trustee 36.40 percent of the voting shares of Mission Bancshares, Inc., Mission, Kansas.
Robert J. O'Halloran, Trustee, Not Available Overland Park, Kansas, for prior approval to control as trustee 51.42 percent of the voting shares of MBI Bancshares, Inc., Kansas City, M i s s o u r i .
Robert J. O'Halloran, Trustee, Not Available Overland Park, Kansas, for prior approval to control as trustee 34.18 percent of the voting shares of Valley View Bancshares, Inc., Overland Park, Kansas.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of Kansas City
Robert J. O'Halloran, Trustee, Not Available Overland Park, Kansas, for prior approval to control as trustee 30.15 percent of the voting shares of Metro Bancshares, Inc., Kansas City, Missouri. Robert J. O'Halloran, ''rustee, Not Available Overland Park, Kansas, for prior approval to control as trustee 21.34 percent of the voting shares of International Bancshares, Inc., Kansas City, Missouri. Robert J. O'Halloran, Trustee, Not Available Overland Park, Kansas, for prior approval to control as trustee 32.31 percent of the voting shares of Industrial Bancshares, Inc., Kansas City, Kansas. Robert J. O'Halloran, Trustee, Not Available Overland Park, Kansas, for prior approval to control as trustee 38.31 percent of the voting shares of One Security, Inc., Kansas City, Kansas.
SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION COMMENT PERIOD ENDING DATE
N o n e .
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
APPLICATION
N o n e .
*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 JANUARY 21, 1991
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
*Section 3(a)(1) application by First American Financial Corporation, Sulphur Springs, TX, to acquire First American Bank of Sulphur Springs, N.A., Sulphur Springs, TX 91/02/16
♦Section 3(a)(3) application by Overton Financial Corporation, Overton, TX, to acquire Lindale Bancshares, Inc., Lindale, TX, and Lindale State Bank, Lindale, TX 91/02/10
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION NOTICE EXP
None.
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 1/25/91
Section I - Applications Sub.iect to Newspaper Notice Onlv
Application Comment Period Endinq Date
Oak Valley Community Bank (In Organization), Newspaper: Not available Oakdale, California, to become a member of the Federal Reserve System. *
First Interstate Bank of California, Los Newspaper: 2/10/91 Angeles, California, to establish a branch in the vicinity of the intersection of Main Street and C Avenue, Hesperia, California. *
Section II - Applications Sub.iect to Both Newspaper and Federal Reoister Notice
Philip J. Rocco, Santa Ana, California, to Fed. Rea.: 2/12/91 acquire up to 24.9 percent of Orange Bancorp, Fountain Valley, California. Newspaper: 2/08/91
1-5 State Bancorp, Wilsonville, Oregon, to Fed. Rea.: 2/21/91 become a bank holding company through the acquisition of Bank of Wilsonville, Newspaper: 2/22/91 Wilsonville, Oregon. *
Section III - Applications Subject to Federal Register Notice Only
Banque Nationale de Paris, Paris, France, to Fed. Rea.: Not yet published engage in investment advisory services and riskless principal services through BAII Capital Markets, Inc., New York, New York.
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