FRB: H.2--Actions under delegated authority--Week ending December 24, 2011

East West Bank, Pasadena, California -- to establish a branch at 19625 Stevens Creek Boulevard, Cupertino.
-Approved, December 21, 2011

Liberty Bank of Arkansas, Jonesboro, Arkansas -- to establish a branch at 1400 East Joyce Boulevard, Fayetteville.
-Approved, December 19, 2011

Sandy Spring Bank, Olney, Maryland -- to establish a branch at 5250 Port Royal Road, Springfield, Virginia.
-Approved, December 21, 2011

Bluechip Bancshares, LLC, Oklahoma City, Oklahoma -- to become a bank holding company and to acquire Elmore City Bancshares, Inc., Elmore City, and its subsidiary bank, First State Bank.
-Approved, December 22, 2011

CenterState Banks, Inc., Davenport, Florida -- to engage in making, acquiring, brokering, or servicing loans or other extensions of credit though its subsidiary, R4ALL, Inc., Davenport.
-Approved, December 22, 2011

Community Bancshares Employee Stock Ownership Plan, Neosho, Missouri -- to acquire shares of Community Bancshares, Inc., Neosho, and Community Bank & Trust.
-Approved, December 22, 2011

First Arkansas BancShares, Inc., Jacksonville, Arkansas -- to acquire shares of FAS Capital, LLC, Atlanta, Georgia, and thereby engage in lending activities.
-Withdrawn, December 19, 2011

Northern Valley Financial, LLC, Almena, Kansas -- to become a bank holding company and to acquire Almena State Bank, Almena.
-Withdrawn, December 22, 2011

Centennial Bank, Conway, Arkansas -- to purchase the assets and assume the deposit liabilities of Premier Community Bank of the Emerald Coast, Crestview, Florida, and to retain the acquired facilities as branches.
-Withdrawn, December 20, 2011

Heber Springs State Bank, Heber Springs, Arkansas -- to merge with Eagle Bank and Trust Company, Little Rock, and to retain the acquired facilities as branches.
-Approved, December 21, 2011

A. M. Saylor, Incorporated, Hampton, Iowa -- change in bank control of A.M. Saylor and its subsidiary bank, First National Bank of Hampton, Hampton.
-Permitted, December 22, 2011

Carroll Financial Services, Inc., Huntingdon, Tennessee -- change in bank control of Carroll Financial and its subsidiary bank, Carroll Bank and Trust.
-Permitted, December 22, 2011

Minnwest Corporation, Minnetonka, Minnesota -- to retain control of Minnwest and its subsidiary banks, Minnwest Bank, M.V., Redwood Falls; Minnwest Bank South, Tracy; Minnwest Bank Luverne, Luverne; Minnwest Bank Central, Montevideo; Minnwest Bank Metro, Eagan; and Minnwest Bank Sioux Falls, Sioux Falls, South Dakota.
-Permitted, December 22, 2011

Tradition Bancshares, Inc., Edina, Minnesota -- to retain control of Tradition and its subsidiary bank, Tradition Capital Bank, Edina.
-Permitted, December 22, 2011

Wilber Co., Lincoln, Nebraska -- change in bank control of Wilber and its subsidiary bank, First State Bank, Lincoln.
-Permitted, December 23, 2011

Wills Point Financial Corporation, Wills Point, Texas -- change in bank control of Wills Point and its subsidiary bank, Citizens National Bank, Wills Point.
-Permitted, December 20, 2011

Ally Financial Inc., Detroit, Michigan -- one-year extension of time to conform or divest certain impermissible nonbanking activities and investments.
-Granted, December 23, 2011

CIT Group Inc., New York, New York -- extension of time to divest or conform certain impermissible investments.
-Granted, December 22, 2011

State Street Bank and Trust Company, Boston, Massachusetts, and State Street International Holdings -- waiver of remainder of prior-notice period to invest in certain United Kingdom- and India-based subsidiaries.
-Granted, December 20, 2011

American National Bank, Denver, Colorado -- to retain membership in the Federal Reserve System on conversion to a state-chartered bank, ANB Bank.
-Approved, December 22, 2011

Cincinnatus Community Bancorp, MHC, Cheviot, Ohio, and Cincinnatus Community Bancorp, Inc. -- issuance of a mutual holding company charter to Bancorp, MHC, and stock holding company charter to its subsidiary, Bancorp, Inc.
-Approved, December 21, 2011

Actions under delegated authority

Actions taken during the week ending December 24, 2011

Bank Branches, Domestic

Bank Holding Companies

Bank Mergers

Change in Bank Control

Extensions of Time

International Operations

Membership

Savings and Loan Holding Companies