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FINDINGS OF FACT1
1. General Information
Norwest is a bank holding company that was incorporated in
1929. It is the parent corporation of an affiliated group of
corporations (Norwest consolidated group) that files consolidated
Federal income tax returns. Its affiliates include 79 commercial
banks in 12 States and numerous other corporations which provide
financial services. Norwest's stock is traded on the New York
and Midwest Stock Exchanges.
Bettendorf Bank, National Association (BBNA), is a member of
the Norwest consolidated group. BBNA is a national banking
association operating under a charter granted by the Office of
the Comptroller of the Currency (OCC). BBNA conducts a general
banking business from its main office in Bettendorf, Iowa, and
from two branches, one in Bettendorf and the other in Davenport,
Iowa.
DBTC is an Iowa State bank that was incorporated in 1932.
Before the transaction (defined below), it provided banking and
related services in the four-city area that consists of
Davenport, Bettendorf, Rock Island, Illinois, and Moline,
Illinois (Quad Cities area). Its main office was in Davenport,
1 Most of the facts were stipulated. The stipulated facts
and the exhibits submitted therewith are incorporated herein by
this reference. When the petition was filed, petitioner's
principal place of business was in Minneapolis, Minnesota.
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