ANNOUNCEMENT H.2, 1988, No. 29 Actions of the Board, its Staff, and BOARD OF GOVERNORS the Federal Reserve Banks; OF THE Applications and Reports Received FEDERAL RESERVE SYSTEM During the Week Ending July 16, 1988.
ACTIONS TAKEN BY THE BOARD OF GOVERNORS
ADVISORY COUNCILS
Consumer Advisory Council. Convened, July 14, 1988.
BANK HOLDING COMPANIES
The Toyo Trust and Banking Company, Limited, Tokyo, Japan — to acquire Toyo Trust Company of New York, New York, New York. Approved, July 11, 1988.
REGULATIONS AND POLICIES
Regulation Y — informal hearing concerning the proposed rules to implement the nonbank bank provisions tinder the Competitive Equality Banking Act of 1987 (Docket R-0637). Announced, July 13, 1988.
TESTIMONY AND STATEMENTS
Monetary policy objectives — statement by Chairman Greenspan before Senate Committee on Banking, Housing, and Urban Affairs, July 13, 1988, and before the House Committee on Banking, Finance and Urban Affairs, July 28, 1988. Authorized, July 11, 1988.
ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
ABBREVIATIONSi 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
Minneapolis The Brookings Bank, Brookings, South Dakota — to establish a branch in Sioux Falls, South Dakota. Approved, July 11, 1988.
Richmond First Community Bank, Forest, Virginia — to establish a branch at 3638 Old Forest Road, Lynchburg, Virginia. Approved, July 13, 1988.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK BRANCHES, DOMESTIC
Philadelphia Meridian Bank, Reading, Pennsylvania — to establish an offsite electronic facility at Super Fresh Food Markets, Inc., New Rodgers Road and Bristol Pike, Bristol, Pennsylvania. Approved, July 11, 1988.
BANK HOLDING COMPANIES
St. Louis Baden Bancorp, Inc., Wilmington, Delaware — to acquire Bank of New Baden, New Baden, Illinois, and to merge with Lookingglass Banc Corp., Albers, Illinois, and acquire Peoples Bank of Albers. Approved, July 15, 1988.
San Francisco The Dai - Ichi Kango Bank, Limited, Tokyo, Japan — to engage de novo in loan and leasing activities through DKB Credit Corporation, New York, New York. Permitted, July 15, 1988.
Boston Family Bancorp, Haverhill, Massachusetts — to acquire The Family Mutual Savings Bank. Approved, July 14, 1988.
Kansas City Farmers and Merchants Bancshares, Inc., Crescent, Oklahoma — to engage de novo in insurance activities. Permitted, July 14, 1988.
Minneapolis First Bank System, Inc., Minneapolis, Minnesota — to engage in insurance activities through Midwestern Brokerage, Inc., d.b.a. Stock’s Insurance Services, Willmar, Minnesota. Approved, July 15, 1988.
San Francisco First Interstate Bancorp, Los Angeles, California — to engage de novo in the operation of Nova Financial Services, Inc., Honolulu, Hawaii, an industrial bank. Permitted, July 16, 1988.
Cleveland Fryburg Banking Company, Fryburg, Pennsylvania — to acquire First United National Bank. Approved, July 11, 1988.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City Heartland Bancshares, Inc., Fairway, Kansas — to acquire Turner Bancshares, Inc., Kansas City, Kansas. Returned, July 15, 1988.
Philadelphia Keystone Financial Inc., Harrisburg, Pennsylvania — to acquire Security National Bank, Pottstown, Pennsylvania. Approved, July 12, 1988.
Chicago Lincoln Financial Corporation, Fort Wayne, Indiana — to acquire Peoples Bancshares Corporation, Van Wert, Ohio, and The Peoples Bank and Trust Company. Approved, July 12, 1988.
Dallas McCamey Financial Corporation, McCamey, Texas — to acquire McCamey Bancshares, Inc., and Security State Bank. Approved, July 12, 1988.
New York Montclair Bancorp, Inc., Montclair, New Jersey — to acquire Montclair Savings Bank. Approved, July 13, 1988.
Atlanta National City Financial Group, Inc., Coral Springs, Florida — to acquire National City Bank. Withdrawn, July 14, 1988.
Chicago NBD Bancorp, Inc., Detroit, Michigan, and NBD Midwest Corporation, Detroit, Michigan — to acquire Charter Bank Group, Inc., Northfield; Bank of Glenbrook, Glenview; Bank of Northfield, Northfield; Bank of Wheaton, Wheaton; Bank of Winfield, Winfield; Charter Group Life Insurance Company, Northfield; and Charter Agency, Inc., Northfield, Illinois. Approved, July 13, 1988.
Chicago Northwest Illinois Bancorp, Inc., Freeport, Illinois, and NWIB/Acquisition Corporation, Inc. — to acquire First State Financial Corporation of Rockford, Rockford, Illinois, and First State Bank and Trust Company. Approved, July 15, 1988.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
BANK HOLDING COMPANIES
Kansas City NSB Bancshares, Inc., LaCrosse, Kansas — to acquire The Nekoma State Bank. Approved, July 14, 1988.
Atlanta Southeast Banking Corporation, Miami, Florida — to engage de novo in credit related insurance through Southeast Mortgage Corporation. Approved, July 13, 1988.
BANK MERGERS
Cleveland Bank One, Mansfield, Mansfield, Ohio — to merge with Bank One, Ashland, Ohio. Approved, July 13, 1988.
BANK PREMISES
Cleveland Wheeling Dollar Bank, Wheeling, West Virginia — investment in bank premises. Approved, July 15, 1988.
BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
San Francisco Key Tronic Corporation, Spokane, Washington — transfer agent registration. Approved, July 15, 1988.
San Francisco U.S. Leasing International, Inc., San Francisco, California — transfer agent registration. Withdrawn, July 15, 1988.
CHANGE IN BANK CONTROL
Dallas Crockett Bancshares, Inc., Crockett, Texas — change in bank control. Permitted, July 11, 1988.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Richmond The Bank of Man# Man# West Virginia# proposed merger with Man Interim Bank# Inc.# — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted# July 12# 1988.
Kansas City Commerce Bank of Kansas City# N.A.# Kansas City# Missouri# proposed merger with Commerce Bank of Harrisonville# N.A.# Harrisonville; and Commerce Bank of Lexington# N.A.# Lexington — report to the Comptroller of the Currency on competitive factors. Submitted# July 13# 1988.
Dallas Compass Bank# Houston# Houston# Texas# proposed merger with Compass Bank Houston# N.A.# and First National Bank of Crosby# Crosby# Texas — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted # July 11# 1988.
Richmond Elkridge National Bank# Elkridge# Maryland# proposed merger with New Elkridge National Bank — report to the Comptroller of the Currency on competitive factors. Submitted# July 11# 1988.
Dallas First City Bank - Central# Beaumont# Texas# proposed merger with First City Bank - Gateway# National Association — report to the Comptroller of the Currency on competitive factors. Submitted# July 12# 1988.
Philadelphia The First National Bank of Nicholson# Nicholson# Pennsylvania# proposed merger with The Nicholson Interim National Bank — report to the Comptroller of the Currency on competitive factors. Submitted# July 13# 1988.
Richmond The First National Bank of Romney# Romney# West Virginia# proposed merger with The First National Bank of Romney# Inc. — report to the Comptroller of the Currency on competitive factors. Submitted# July 11# 1988.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago F&M Bank of Slinger, Slinger, Wisconsin, proposed merger with F&M Bank of Ashippun, Ashippun, Wisconsin — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 14, 1988.
Atlanta Fort Rucker National Bank, Fort Rucker, Alabama, proposed merger with Interim National Bank — report to the Comptroller of the Currency on competitive factors. Submitted, July 15, 1988.
Philadelphia Fulton County National Bank and Trust Company, McConnellsburg, Pennsylvania, proposed purchase of the assets and assumption of the liabilities of the Shade Gap Branch of Mellon Bank (Central). N.A., State College, Pennsylvania — report to the Comptroller of the Currency on competitive factors. Submitted, July 12, 1988.
Chicago M&I Wauwatosa State Bank, Wauwatosa, Wisconsin — proposed merger with Village Bank of Elm Grove, Elm Grove, Wisconsin — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 12, 1988.
Richmond Provident Bank of Maryland, Baltimore, Maryland, proposed merger with First Security Bank of Maryland — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 12, 1988.
New York The Provident Savings Bank, Jersey City, New Jersey, proposed acquisition of certain assets and assumption of deposit liabilities of a branch office of the Carteret Savings Bank, FA, Morristown, New Jersey — report to the Federal Deposit Insurance Corporation on competitive factors• Submitted, July 14, 1988.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
COMPETITIVE FACTORS REPORTS
Chicago The Saratoga State Bank, Saratoga, Indiana, proposed merger with Saratoga Interim Bank — report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 14, 1988.
Kansas City Union Bank and Trust Company, Lincoln, Nebraska, proposed merger with Pawnee County Bank, Pawnee City, Nebraska -- report to the Federal Deposit Insurance Corporation on competitive factors. Submitted, July 13, 1988.
EXTENSIONS OF TIME
San Francisco BankAmerica Corporation, San Francisco, California extension to divest certain property. Granted, July 13, 1988.
San Francisco BankAmerica Corporation, San Francisco, California — extension to divest certain property. Granted, July 15, 1988.
St. Louis Citizens Fidelity Bank and Trust Company, Louisville, Kentucky — extension to November 1, 1988, to establish a branch at 1021 Hurstbourne Lane, Louisville, Kentucky. Granted, July 12, 1988.
Richmond ENB Financial Corporation, Elkridge, Maryland — extension to October 27, 1988, to acquire Elkridge National Bank. Granted, July 14, 1988.
San Francisco First Interstate Bancorp, Los Angeles, California ~~ extension to divest certain property. Granted, July 14, 1988.
Chicago Hi “ Bancorp, Highwood, Illinois — extension to October 24, 1988, to acquire GNP Bancorp, Inc., Mundelein, Illinois, and New Century Bank. Granted, July 11, 1988.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
EXTENSIONS OF TINE
Minneapolis McLeod Bancshares, Inc., Hutchinson, Minnesota — extension to October 6, 1988, to acquire Exchange State Bank, St. Paul, Minnesota. Granted, July 12, 1988.
St. Louis National Bank of Commerce of Mississippi, Starkville, Mississippi — extension to October 30, 1988, to form NBC Service Corporation. Granted, July 12, 1988.
Richmond NCNB Corporation, Charlotte, North Carolina — extension to October 18, 1988, to acquire Charter Bancshares, Inc., Houston, Texas. Granted, July 13, 1988.
Richmond Sovran Financial Corporation, Norfolk, Virginia — extension to October 15; 1988, to engage in certain investment advisory services through Sovran Investment Corporation, Richmond, Virginia. Granted, July 12, 1988.
Atlanta SunBanks, Inc., Orlando, Florida, and SunTrust Banks, Inc., Atlanta, Georgia — extension to October 20, 1988, to acquire Peoples Bank of Lakeland, Lakeland, Flor ida. Granted, July 14, 1988.
Atlanta SunTrust Banks, Inc., Atlanta, Georgia, and Sun Banks, Inc., Orlando, Florida — extension to October 20, 1988, to acquire Florida West Coast Banks, Inc., Venice, Florida. Granted, July 13, 1988.
New York United States Trust Company of New York, New York — extension to August 7, 1989, to establish a branch at 120 West 47th Street. Granted, July 15, 1988.
Atlanta Washington Bancorporation, Washington, D.C., and National Bank of Washington — extension to divest certain holdings. Granted, July 12, 1988.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
Chicago Waymar Bancorporation# Spirit Lake# Iowa — extension to September 5# 1988# to acquire First Bank and Trust. Granted# July 13# 1988.
Cleveland Wesbanco# Inc.# Wheeling# West Virginia — extension to October 13# 1988# to acquire Mountail State Bank# Parkersburg# West Virginia. Granted# July 13# 1988.
Dallas Wheeler Bancshares# Inc.# Wheeler# Texas — extension to October 10# 1988# to acquire First National Bank in Wheeler. Granted# July 13# 1988.
INTERNATIONAL OPERATIONS
Staff Director Citicorp# New York# New York — to make an additional BS&R investment in Citicorp Scrimgeour Vickers International Limited# London# England. Permitted# July 14# 1988.
MEMBERSHIP
Atlanta Commerce & Savings Bank# Palm Beach Gardens# Florida — application to become a member of the Federal Reserve System. Withdrawn# July 11# 1988.
Atlanta Peoples Bank of Sumter# Bushnell# Florida — application to become a member of the Federal Reserve System. Withdrawn# July 13# 1988.
REGULATIONS AND POLICIES
Secretary Check collection — extension of the comment period through December 1# 1988# regarding proposed same-day payment for checks presented to paying banks by private sector collection banks (Docket R-0631. Granted# July 15# 1988.
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ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
REGULATIONS AND POLICIES
Director, C&CA Regulation B — determination of the consistency of certain provisions of the Family Code of New York to the Equal Credit Opportunity Act (Docket R-0642). Proposed, July 11, 1988.
RESERVE BANK OPERATIONS
Director, FRBO Federal Reserve Bank of Cleveland — additional expenses to meet the requirements of the Expedited Funds Availability Act. Approved, July 15, 1988.
General Counsel Federal Reserve Bank of New York — to act as fiscal agent for a proposed issue of securities (COLTS) Ly the International Bank for Reconstruction and Development• Approved, July 11, 1988.
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ACTIONS TAKEN BY THE BOARD OF GOVERNORS
RESERVE BANK OPERATIONS
Federal Reserve Bank of New York — to purchase office automation equipment. Approved, June 22, 1988.
ADDITIONS AND CORRECTIONS ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS UNDER DELEGATED AUTHORITY
EXTENSIONS OF TIME
San Francisco Idaho State Bank, Glenns Ferry, Idaho — extension to August 28, 1989, to establish a branch near 495 North 3rd East, Mountain Home, Idaho. Granted, July 5, 1988.
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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
Fleet/Norstar Financial Group, Newspaper 07-07-88 Inc., Providence, Rhode Island - 3(a)(3) application to acquire Federal Register Not Yet Established Fleet Bank of New Hampshire, Nashua, New Hampshire, a de novo bank**
Fleet/Norstar Financial Group, Newspaper 07-29-88 Inc., Providence, Rhode Island - 3(a)(3) application to retain Federal Register Not Yet Established Fleet/Norstar New York, Inc., Providence, Rhode Island**
Fleet/Norstar New York, Inc., Newspaper 07-29-88 Providence, Rhode Island - 3(a)(1)/4(c)(8) application Federal Register Not Yet Established to retain Norstar Bank of Upstate New York, Albany, New York; Norstar Bank, N.A., Buffalo, New York; Norstar Bank of Central New York, Syracuse, New York; LI Holding Company, Hempstead, New York and thirteen nonbank subsidiaries**
Cenvest, Inc., Meriden, Newspaper 06-30-88 Connecticut - 3(a)(3) 07-07-88 application to acquire Meriden Trust and Safe Federal Register 08-04-88 Deposit Company, Meriden, Connecticut**
**Subject to CRA
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SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
Application Carment Period Ending Date
Fleet/Norstar Financial Group, Federal Register Not Yet Established Inc., Providence, Rhode Island - 4(c)(8) application to engage in underwriting and dealing in certain securities through Adams, McEntee & Co., Inc.
Wainwright Capital Corp., Federal Register Not Yet Established Boston, Massachusetts - 4(c) (8) application to retain ownership of at least 83.3% of the voting shares of Intemation Heritage Corp., Boston, Massachusetts
First NH Banks, Inc., Manchester, Federal Register Not Yet Established New Hampshire - 4(c)(8) application to acquire EG&G Financial Services, Inc., Wellesley, Massachusetts, a leasing company
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______
Manufacturers Hanover Trust Company, New York, New York to establish a branch at One Pierreport Plaza, Brooklyn, New York.l/ 8/15/88
SECTION II
Applications Subject to Both Newspaper and Federal Register Notice
ONB Corporation, Clifton Springs, New York to become a bank holding company with respect to The Ontario National Bank of Clifton Springs, Clifton Springs, New York.l/ 8/4/88 2/
Public Bank Holding Company, Inc., New York, New York to become a bank holding company with respect to The First Women's Bank, New York, New York.l/ 7/29/88 2/
Community Bank System, Inc., Dewitt, New York to merge with ComuniCorp, Inc., Addison, New York and thereby to acquire Community National Bank, Addison, New York.l/ 8/1/88 2/
SECTION III
Nonbariking Applications (Subject to Federal Register Notice Only)
Texas Commerce Bancshares, Inc., Houston, Texas to engage de novo through its subsidiary, Texas Commerce Information Services, Inc., in permissible data processing activities. 7/29/88
Westpac Banking Corporation, Sydney, Australia to engage de novo through its subsidiary, Mase Westpac, Inc., in permissible commercial lending activities. 7/26/88
SECTION IV
Applications Not Involving ______Public Comment______None.
1/ Subject to provisions of Community 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
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SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
The Coastal Bank. Ocean City, New Jersey to become a member of the Federal Reserve System, pursuant to Section 9 of the Federal Reserve Act and Section 208.4 of Regulation H. 8/8/88
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
Ten Independence Mall, Philadelphia, PA 19106,(215) 574-6000
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SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION COMMENT PERIOD ENDING
Received Section 3(a)(3) application from * N - August 8, 1988 Kentucky Bancshares, Inc., Covington, Kentucky, to acquire The First National Bank of Georgetown, Georgetown, Kentucky.
Received Notice of Change in Bank Control from N - August 22, 1988 Alan S. Fellheimer and Judith E. Fellheimer, Sewickley Heights, Pennsylvania; Claire W. Gargalli, Pittsburgh, Pennsylvania; Henry Posner, Pittsburgh, Pennsylvania; David A. Gradner, New York, New York; James H. McLaughlin, Pittsburgh, Pennsylvania; Charles G. Cheleden, Horsham, Pennsylvania; George F. Eichleay, Pittsburgh, Pennsylvania; David J. East, Pittsburgh, Pennsylvania; S. Raymond Rackoff, Pittsburgh, Pennsylvania; Judith E. Yankovic, Robinson Township, Pennsylvania; Howard W. Hanna, III, Pittsburgh, Pennsylvania; J. Bruce Johnston, McMurray, Pennsylvania; William F. Jones, Jr., Wexford, Pennsylvania; Patricia A. Muldoon, Pittsburgh, Pennsylvania; James M. Murphy, Bethel Park, Pennsylvania; Dennis F. Kennedy, Sewickley, Pennsylvania; Robert C. Payment, Butler, Pennsylvania; Dennis Pitocco, Pittsburgh, Pennsylvania; Emerson M. Wickwire, Sewickley, Pennsylvania; James M. Murphy, Bethel Park, Pennsylvania; and Nicholas J. Zennario, Wexford, Pennsylvania, of their intention to control collectively up to 25.0 percent of the voting securities of Equimark Corporation, Pittsburgh, Pennsylvania.
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NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE OR NEWSPAPER NOTICE
Received request from Wheeling Dollar Bank, Wheeling, West Virginia, for permission to exceed its limit of investment in bank premises permitted under Section 24A of the Federal Reserve Act.
Subject to CRA Newspaper Comment Period
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Section I - Applications Subject to Newspaper Notice Only
Application Comment Period Ending Date
Bank of the Potomac, Herndon, Virginia, for membership in the Federal Reserve System. 8-5-88
Section II - Applications Subject to Both Newspaper and Federal Register Notice
Application Comment Period Ending Date
RHNB Corporation, Rock Hill, South Carolina, for prior approval to acquire 100% of the voting shares of MetroBank, N. A., Charlotte, North Carolina. 8-5-88*
City Holding Company, Charleston, West Virginia, for prior approval to acquire Bank of Ripley, Ripley, West Virginia. 8-10-88
The above applications are subject to the Community Reinvestment Act.
Section III - Applications Subject to Federal Register Notice
Application Comment Period Ending Date
None
Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
Application
None
^Expiration of comment period specified in the Federal Register.
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Federal Reserve Bank of Atlanta Applications Bulletin
Section II - Applications Subject to Both Newspaper and Federal Register Notice
Application Comment Period Ending Date
Financial Services Bancorp, Inc. 07-29-88 Miami, Florida Federal Register 1-BHC formation, Eagle National Holding Canpany, Miami, Florida.
First Sterling Bancshares, Inc. Winter Haven, Florida To acquire First Sterling Bank of Osceola County, Kissimmee, Florida (in organization).
University National Bankshares, Inc. 07-29-88 Orlando, Florida Federal Register 1-BHC formation, University National Bank, Orlando, Florida (in organization).
Ccmrnex Financial Corporation 08-01-88 Kennesaw, Georgia Newspaper 1-BHC formation, Commercial Exchange Bank, Kennesaw, Georgia.
Dahlonega Bancorp, Inc. 07-29-88 Dahlonega, Georgia Federal Register & Newspaper To acquire First National Bank of Polk County, Copperhill, Tennessee.
Anglo-American Bancshares Corporation Baton Rouge, Louisiana Joint with Walbrook Financial Holdings B.V., Amsterdam, Holland, to become bank holding companies by acquiring Baton Rouge Bank and Trust Company, Baton Rouge, Louisiana.
Forest BanCorp 07-29-88 Forest, Mississippi Federal Register & Newspaper To acquire 20 percent of Metropolitan Corporation, Biloxi, Mississippi.
Section III - Applications Subject to Federal Register Notice Only
Application Ccmnent Period Ending
SouthTrust of Florida, Inc. 08-10-88 St. Petersburg, Florida Joint with SouthTrust Corporation, Birmingham, Alabama, to engage de n o w in trust company activities through SouthTrust Estate and Trust Company, South Pasadena, Florida, pursuant to section 225.25(b) (3) of Regulation Y.
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Section I - Applications Subject to Newspape Notice Only Comment Period Type Application Ending Date
Merger First of America Bank-Ann Arbor 8- 10- 88* Ann Arbor, Michigan The State Savings Bank of South Lyon South Lyon, Michigan
EFT Old Kent Bank - Southwest 8-5-88* Niles, Michigan 715 Ship Street St. Joseph, Michigan
Section II - Applications Subject to Both Newspaper and Federal Register Notice
Comment Period Application Ending Date
CoC-HC Morningside Development Company 7-29-88** Sioux City, Iowa J. Sid Dinsdale; Ray Dinsdale; Lyn Barclay & Thomas Coding Morningside Bank and Trust Sioux City, Iowa
Y-l Central West Bancorp 7- 15-88** Casey, Iowa Security State Bank Casey, Iowa
Y-l Jay Financial Corporation 8- 4-88** Portland, Indiana The First National Bank of Portland Portland, Indiana
Y-2 Edgewood Bancshares, Inc. 7-22-88** Countryside, Illinois EdgeMark Financial Corporation Countryside, Illinois EdgeMark Bank-Lombard Lombard, Illinois Cosmopolitan Financial Services, Inc. Countryside, Illinois First National Bank of Lockport Lockport, Illinois Merchandise National Bank of Chicago Chicago, Illinois EdgeMark Bank-Rosemont Rosemont, Illinois
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Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued
Comment Period Type Application Ending Date
Y-l Mechanicsville Trust & Savings Bank, Trustee 7-29-88** of The Mechanicsville Trust and Savings Bank Employee Stock Ownership Plan & Trust Mechanicsville, Iowa Mechanicsville Bancshares, Inc. Mechanicsville, Iowa
Y-2 Merchants National Corporation 7-29-88** Indianapolis, Indiana BSB Bancorp Batesville, Indiana Batesville State Bank Batesville, Indiana
Y-2 First Merchants Corporation 7-15-88* Muncie, Indiana 7-28-88** Pendleton Banking Company Pendleton, Indiana
Y-2 Illini Community Bancorp, Inc. 7-29-88** Springfield, Illinois SBV Bancshares, Inc. Virden, Illinois State Bank of Virden Virden, Illinois
Y-2 Iroquois Bancorp, Inc. 7-29-88** Gilman, Illinois Terrapin Bancorp, Inc. Elizabeth, Illinois The Elizabeth State Bank Elizabeth, Illinois
Y-2 Peotone Bancorp, Inc. 7-29-88** Peotone, Illinois Terrapin Bancorp, Inc. Elizabeth, Illinois The Elizabeth State Bank Elizabeth, Illinois
Y-2 Terrapin Bancorp, Inc. 7-29-88** Gilman, Illinois The Elizabeth State Bank Elizabeth, Illinois
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Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued
Comment Period Application Ending Pate
Sullivan Bancshares, Incorporated 6-13-88* Sullivan, Illinois The First National Bank of Sullivan Sullivan, Illinois
Valley Bancorporation Not available Appleton, Wisconsin at this time Colonial Bank Theinsville, Wisconsin Colonial National Bank-Port Washington Port Washington, Wisconsin Colonial Bank-Richfield Richfield, Wisconsin
F.W.S.B. Corporation Not available Milwaukee, Wisconsin at this time Metropolitan Bank Group, Inc. Bloomington, Minnesota MetroBank Bloomington, Minnesota
First Wisconsin Corporation Not available Milwaukee, Wisconsin at this time Metropolitan Bank Group, Inc. Bloomington, Minnesota MetroBank Bloomington, Minnesota
P.T.C. Bancorp Not available Brookville, Indiana Bank of Versailles Versailles, Indiana
Presidential Holdings, Inc. Not available Bourbonnais, Illinois at this time Bank of Bourbonnais Bourbonnais, Illinois
Athens Bancorp., Inc. 8- 1- 88* Athens, Wisconsin Junction State Bank Junction City, Wisconsin
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Section II - Applications Subject to Both Newspaper and Federal Register Notice Continued
Comment Period Type Application Ending Date
CoC-HC Madison Financial Corporation Not available Chicago, Illinois at this time A. Andrew & Flora, Andrew A. & Pam Boemi, Edwin C. & Marcia Buchanan
Madison Park and Trust Company Chicago, Illinois Madison National Bank of Niles Des Plaines, Illinois 1st National Bank of Wheeling Wheeling, Illinois
Section III - Applications Subject to Federal Register Notice Only Comment Period Type Application Ending Date
4(c)(8) First Wisconsin Corporation 8-4-88** Milwaukee, Wisconsin First Wisconsin Asset Management, Inc. Milwaukee, Wisconsin - Act as investment advisor
4(c)(8) First Sioux Bancshares, Ltd. 8-4-88** Sioux City, Iowa First Sioux Insurance Company Sioux Center, Iowa
4(c)(8) First Wisconsin Corporation 7-22-88** Milwaukee, Wisconsin Illinois Trust Company Milwaukee, Wisconsin
Y-4 Michigan National Corporation 7-29-88** Farmington Hills, Michigan Second Commercial Fund, Inc. Bala Cynwyd, Pennsylvania
Y-4 Alta Vista Bancshares, Inc. 7-27-88** Alta Vista, Iowa Alta Vista Insurance and Services Corporation Alta Vista, Iowa
Y-4 First Decatur Bancshares, Inc. Not available Decatur, Illinois at this time First Tech, Inc. Decatur, Illinois
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of Chicago
Section IV - Applications Hot Subject to Federal Register Notice Or Newspaper Notice Comment Period Tvne Application Ending. Date
None
♦Newspaper ♦♦Federal Register H/A - Not available at this time
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Federal Reserve Bank of St. Louis
SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application Comment Period Ending Date
* Section 3(a)(3) application by Peoples Investment Corporation, Cuba, Missouri, to acquire Peoples Bank of Steelville, Steelville, Missouri, a de novo non-member bank. (Newspaper 8-10-88)
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.
*This application is subject to CRA
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis FEDERAL RESERVE BARK 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
Town & Country Bancorporation, Inc. 8-5-88 Newport, MN (Federal Register) To acquire Roseville Bancorp, Inc., Roseville, Minnesota, which controls 100Z of Mid America Bank, N.A., Rose ville, Minnesota.*
Clarkfield Bancshares, Inc. 8- 10-88 Clarkfield, MN (Federal Register) To acquire Fergus Falls Bancshares, Inc., Fergus Falls, MN which owns Security State Bank, Fergus Falls, Minnesota.*
Monycor Bancshares, Inc. 8- 10-88 Superior, WI (Federal Register) To acquire Monycor Bank of Superior Superior, WI*
Thomas J. Sexton, Dennis J. Zaun, 8-5-88 Gary B. Davis and James H. Lehr (Federal Register) To acquire control of 100Z of the voting shares of Yellow Medicine Bancshares, Inc., Granite Falls, MN.
Section III - Applications Subject to Federal Register Notice Only
Comment Period Application Ending Date
Norwest Corporation Not yet available Minneapolis, MN To engage in operating a general insurance agency through the ac quisition of Underwriting Specialists, Norfolk, Nebraska. *
* 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
Yellow Medicine Bancshares, Inc. Granite Falls, VI To redeem 718 of its 1,378 shares of common stock outstanding.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis SECTION I ~ APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
APPLICATION COMMENT PERIOD ENDING DATE
None.
SECTION -II., r APPLICATIONS. SUBJECT TO BOTH
NEWSPAPER.ANP FEPEBAL REGISTER NOTICE
COMMENT PERIOD ENDING PATE
Anraer Corporation, Neligh, Not Available Nebraska, for prior approval to acquire 64.07 percent of the voting shares of Schuyler State Bank and Trust Company, Schuyler, Nebraska.*
Lancaster Bancorporation, Lincoln, Not Available Nebraska, for prior approval to become a bank holding company through the acquisition of 99.5 percent of the voting shares of Lancaster County Bank, Waverly, N e b r a s k a . *
Russell Moore, Albuquerque, New Not Available Mexico, for prior approval to acquire 42 percent of the voting shares of New Mexico Banquest Investors Corporation, Santa Fe, New Mexico, as trustee.
FirstBank Holding Company of July 26, 1988 Colorado Employee Stock Ownership Plan, Lakewood, Colorado, for prior approval to increase its proportionate ownership of FirstBank Holding Company of Colorado, Lakewood, Colorado, up to 24.9 percent.
FirstBank Holding Company of July 26, 1988 Colorado, Lakewood, Colorado, for prior approval to acquire 100 percent of the voting shares each of FirstBank of Green Mountain, N.A., Lakewood, Colorado, and FirstBank at Arapahoe/Holly, Arapahoe County, Colorado, proposed d§ novo banks.*
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis C.N. Hoffman, Jr., Tom Lillard, July 26, 1988 Jr., and C. L. Clark Trustees, Salina, Kansas, for prior approval to increase their proportionate ownership of NBA Bankshares, Inc., Salina, Kansas, by 7.82 percent to 30.06 percent.
BBOK Bancshares, Inc., Wichita, July 29, 1988 Kansas, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of Bankers' Bank of Kansas, N.A., Wichita, Kansas, a de novo bank.*
Steamboat Springs Holding Company, July 29, 1988 Steamboat Springs, Colorado, for prior approval to become a bank holding company through the acquisition of 100 percent of the voting shares of First National Bank of Steamboat Springs, Steamboat Springs, Colorado.*
The Weld State Company, Ft. Lupton, July 28, 1988 Colorado, for prior approval to acquire 100 percent of the voting shares of Central Bank of Craig, N.A., Craig, Colorado.*
ANB Bankcorp, Inc., Bristow, July 29, 1988 Oklahoma, for prior approval to acquire 100 percent of the voting shares of Citizens Bank, N.A., Sapulpa, Oklahoma.*
Henry Croak, Midwest City, July 21, 1988 Oklahoma, for approval to increase his proportionate ownership of First Midwest Bancorp, Inc., Midwest City, Oklahoma, by 2.01 percent to 24.64 percent.
First Bancorporation of J u l y 27, 1 3 8 8 Holdenville, Inc., Holdenville, Oklahoma, for prior approval to acquire 80 percent of the voting shares of Alliance Bank, N.A., Oklahoma City, -Oklahoma.*
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Clifton Bancshares, Inc., Wamego, August 4, 1988 Kansas, for prior approval to become a bank holding company through the acquisition of 98.6 percent of the voting shares of First National Bank, Clifton, K a n s a s . *
Lexington Bancshares, Inc., August 4, 1988 Lexington, Nebraska, for approval to retain 53.44 percent of the voting shares of Seven V Banco, Inc., Callaway, Nebraska.*
Tri-County Bancshares, Inc., Linn, August 4, 1988 Kansas, for prior approval to become a bank holding company through the acquisition of 94.4 percent of the voting shares of The Linn State Bank, Linn, Kansas.*
Ed Duggan, Windsor, Colorado, for July 21, 1988 prior approval to acquire 7.7 percent of the voting shares of Windsor Bancorporation, Inc., Windsor, Colorado.
SECTION III - APPLICATIONS. SqBJECT. T Q , FEDERAL REGISTER
NOTICE ONLY
COMMENT PERIOD ENDING DATE
Regency Bancorporation, Pueblo, Not Available Colorado, for prior approval to engage in the sale of credit life and health and accident insurance.
United Community Corporation, July 29, 1988 Oklahoma City, Oklahoma, for prior approval to engage d§ novo in providing tax consulting and tax preparation services.
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis sgmQH. re. -..&ggM<&g£QBS. jg L § B i& ^ QB. 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 88/07/11
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)(3) application by BFW Financial Corporation, Burleson, Texas to acquire Alvord Financial Corporation, Alvord, Texas The Alvord National Bank in Alvord, Alvord, Texas 88/08/11
SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE ONLY
APPLICATION NOTICE EXP
Section 4(c)(8) application by Firstshares of Texas, Inc., Marshall, Texas to acquire The First National Company of Marshall, Marshall, Texas (to continue to engage in the activity of making, acquiring, and/or servicing loans) 88/07/29
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 7/15/88
Section I - Applications Subject to Newspaper Notice Only
Ap d Iication Comment Period Ending Date
Guardian State Bank, Salt Lake City, Newspaper: 8/12/88 Utah, to establish a branch in the vicinity of 140 West 9000 South, , Sandy, Utah. *
Section II - Applications Subject to Both Newspaper and Federal Register Notice
Donald Barton to increase his ownership Newspaper: Not available from 9.96 percent to 20.06 percent of Bank of Ephraim, Ephraim, Utah. Fed. Reo.: 7/21/88
Section III - Applications Subject to Federal Register Notice Only
None
Section IV - Applications Not Subject to Federal Register Notice or Newspaper Notice
None
* Subject to CRA.
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