Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

Actions under delegated authority

Actions taken during the week ending October 27, 2007


Bank Branches, Domestic

St. Louis
The Bank of Fayette County, Moscow, Tennessee  -- to establish a branch at 118 West Market, Bolivar.
-Approved, October 23, 2007 

Richmond
Bank of Lancaster, Kilmarnock, Virginia  -- to establish a branch at Route 205, Beachgate Shopping Center, Colonial Beach.
-Approved, October 24, 2007 

Secretary
Comerica Bank, Detroit, Michigan  -- to establish branches at 1351 Howard Avenue, Burlingame, California, and 644 Laurel Street, San Carlos.
-Approved, October 26, 2007 

Secretary
Comerica Bank, Detroit, Michigan  -- to establish branches at 14950 Avery Ranch Boulevard, Austin, Texas; 810 East Whitestone Boulevard, Building C, Cedar Park; 5940 Fairmont Parkway, Pasadena; and the intersection of Bee Caves Road and Westlake Drive, West Lake Hills.
-Approved, October 26, 2007 

Secretary
Comerica Bank, Detroit, Michigan  -- to establish branches at 11355 South Street, Cerritos, California, and 2795 Pacific Coast Highway, Torrance.
-Approved, October 26, 2007 

Cleveland
The Cortland Savings and Banking Company, Cortland, Ohio  -- to establish a branch at 9001 Market Street, North Lima.
-Approved, October 23, 2007 

Richmond
EVB, Tappahannock, Virginia  -- to establish a branch at 2599 New Kent Highway, Quinton.
-Approved, October 24, 2007 

St. Louis
Midland States Bank, Effingham, Illinois  -- to establish a mobile branch to serve the Chesterfield, Missouri market.
-Approved, October 22, 2007 

Cleveland
The North Side Bank and Trust Company, Cincinnati, Ohio  -- to establish a branch at State Route 22 and U.S. 48, Maineville.
-Approved, October 26, 2007 

Richmond
Waccamaw Bank, Whiteville, North Carolina  -- to establish a branch at 8001 East Oak Island Drive, Oak Island.
-Approved, October 24, 2007 

Richmond
Waccamaw Bank, Whiteville, North Carolina  -- to establish a branch at 200 Smith Avenue, Shallotte.
-Approved, October 24, 2007 

Richmond
Waccamaw Bank, Whiteville, North Carolina  -- to establish a branch at 5429 Dick Pond Road, Myrtle Beach, South Carolina.
-Approved, October 24, 2007 

Bank Holding Companies

Atlanta
Atlantic Southern Financial Group, Inc., Macon, Georgia  -- to acquire CenterState Bank Mid Florida, Leesburg, Florida.
-Approved, October 22, 2007 

Atlanta
City Savings Bancshares, Inc., Deridder, Louisiana  -- to merge with Louisiana Community Bancshares, Inc., Kaplan, and thereby acquire its subsidiaries, Kaplan State Bank and Teche Bank & Trust Co., St. Martinville.
-Approved, October 26, 2007 

Atlanta
CNB Bancorp, Inc., Mobile, Alabama  -- to become a bank holding company and to acquire Commonwealth National Bank.
-Approved, October 26, 2007 

Atlanta
Fidelity Homestead Savings Bank, New Orleans, Louisiana  -- waiver of application to acquire Your Bank, Ponchatoula, in connection with the merger of Your Bank into Fidelity Homestead Savings Bank.
-Granted, October 26, 2007 

Cleveland
First Citizens Banc Corp, Sandusky, Ohio  -- waiver of application to acquire Futura Banc Corporation, Urbana, in connection with the merger of their respective bank subsidiaries, Citizens Banking Company, Sandusky, and Champaign National Bank, Urbana.
-Withdrawn, October 24, 2007 

Chicago
Florida Commerce Bancorp Ltd., Fort Myers, Florida  -- to become a bank holding company and to acquire Commercebank of Southwest Florida.
-Withdrawn, October 25, 2007 

San Francisco
Franklin Resources, Inc., San Mateo, California  -- to retain shares of Corus Bankshares, Inc., Chicago, Illinois, and Corus Bank, N.A.
-Approved, October 26, 2007 

Kansas City
Grant County Bank Employee Stock Ownership Plan, Ulysses, Kansas  -- to become a bank holding company and to retain shares of Resource One, Inc. and Grant County Bank.
-Approved, October 26, 2007 

New York
Greater Rochester Bancorp, Inc., Rochester, New York  -- to become a bank holding company and to acquire Genesee Regional Bank.
-Approved, October 26, 2007 

Cleveland
LCNB Corp., Lebanon, Ohio  -- waiver of application to acquire Sycamore National Bank, Cincinnati, in connection with the merger of LCNB Corp.'s subsidiary, Lebanon Citizens National Bank, Lebanon, and Sycamore National Bank.
-Granted, October 26, 2007 

St. Louis
M&P Community Bancshares, Inc. 401(k) Employee Stock Ownership Plan, Newport, Arkansas  -- to acquire additional shares of M&P Community Bancshares, Inc.
-Approved, October 26, 2007 

St. Louis
Magnolia Banking Corporation, Magnolia, Arkansas  -- to acquire Southern State Bancshares, Inc., Malvern, and thereby acquire Southern State Bank.
-Approved, October 22, 2007 

Dallas
NETEX Bancorporation, Mount Pleasant, Texas  -- to acquire City Bancorp, Inc., Wellington, and thereby acquire City Delaware Bancorp, Inc., Dover, Delaware, and Community Bank, Wellington, Texas.
-Approved, October 24, 2007 

Dallas
Olney Bancshares of Texas, Inc., Olney, Texas; Olney Bancorp of Delaware, Inc., Wilmington, Delaware; and Rose Rock Bank, Oklahoma City, Oklahoma  -- waiver of application to acquire Union Bank, National Association, Oklahoma City, Oklahoma, in connection with the merger of Rose Rock Bank with and into Union Bank.
-Granted, October 26, 2007 

Kansas City
Pawnee Bancshares, Inc. Larned, Kansas  -- relief from certain commitments.
-Granted, October 22, 2007 

San Francisco
Security Business Bancorp, San Diego, California  -- to become a bank holding company and to acquire Security Business Bank of San Diego.
-Approved, October 25, 2007 

Kansas City
Sooner Southwest Bankshares, Inc., Tulsa, Oklahoma  -- to engage in lending activities.
-Approved, October 25, 2007 

San Francisco
W.T.B. Financial Corporation, Spokane, Washington  -- to retroactively acquire shares of IT-Lifeline, Inc., Liberty Lake.
-Approved, October 24, 2007 

Bank Mergers

Philadelphia
Susquehanna Bank, Hagerstown, Maryland  -- to purchase the assets and assume the liabilities of six Maryland branches, located in Owings Mills (2), Westminster, Manchester, and Columbia (2), of Susquehanna Bank PA, Lititz, Pennsylvania.
-Approved, October 26, 2007 

Change In Bank Control

Cleveland
FC Banc Corp, Bucyrus, Ohio  -- change in bank control.
-Returned, October 23, 2007 

Kansas City
Resource One, Inc., Ulysses, Kansas  -- change in bank control.
-Permitted, October 24, 2007 

Extensions Of Time

Richmond
Bank of Hampton Roads, Norfolk, Virginia  -- extension to May 1, 2008, to establish a branch at 204 Carmichael Way, Chesapeake.
-Granted, October 22, 2007 

Richmond
First Charter Bank, Charlotte, North Carolina  -- extension to February 15, 2008, to establish a branch at N.C. Highway 16 and Cureton Parkway, Waxhaw.
-Granted, October 22, 2007 

International Operations

Director, BS&R
Citibank, N.A., Las Vegas, Nevada  -- modification of the aggregate investment limit under Regulation K.
-Granted, October 26, 2007 

Director, BS&R
Citigroup Inc., New York, New York  -- request to broaden a temporary exemption from section 23A of the Federal Reserve Act to permit transactions with its bank's foreign broker-dealer affiliate.
-Granted, October 23, 2007 

Membership

Atlanta
Franklin Synergy Bank, Franklin, Tennessee  -- to become a member of the Federal Reserve System.
-Approved, October 26, 2007 


Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco