FRB: H.2--Actions under delegated authority--Week ending July 30, 2016

Asian Bank, Philadelphia, Pennsylvania -- to relocate its principal place of business to 1023 Race Street, Philadelphia, and to establish the new location as a branch.
-Approved, July 27, 2016

Bank Holding Companies

BBN Financial Corporation, Glastonbury, Connecticut -- to acquire Bankers Bank Northeast, Glastonbury.
-Approved, July 29, 2016

Citizens National Corporation, Wisner, Nebraska -- to acquire additional shares of Republic Corporation, Omaha, and thereby indirectly acquire control of United Republic Bank.
-Approved, July 28, 2016

Commercial National Financial Corporation, Ithaca, Michigan -- waiver of application to acquire Capital Directions, Inc., Mason, in connection with the merger of Capital Directions' subsidiary, Mason State Bank, with and into Commercial Bank, Alma.
-Granted, July 27, 2016

Community Bancorporation, Orem, Utah -- relief from certain commitments.
-Granted, July 29, 2016

County Bancshares, Inc., Orange, Texas -- to become a bank holding company by acquiring First Live Oak Bancshares, Inc., Three Rivers, and thereby indirectly acquiring First State Bank.
-Approved, July 28, 2016

Mackinac Financial Corporation, Manistique, Michigan -- to acquire Niagara Bancorporation, Inc., Niagara, Wisconsin, and thereby indirectly acquire The First National Bank of Niagara.
-Approved, July 29, 2016

NMB Financial Corporation, New Brunswick, New Jersey -- to become a bank holding company by acquiring New Millennium Bank, New Brunswick.
-Approved, July 26, 2016

Bank Premises

The Genoa Banking Company, Genoa, Ohio -- request to exceed the limit on investment in bank premises.
-Approved, July 27, 2016

Banks, Nonmember, and Miscellaneous Institutions

EJF Capital LLC, Arlington, Virginia -- relief from certain commitments (two requests).
-Granted, July 27, 2016

King Street Capital Management, L.P., New York, New York, et al. -- relief from certain commitments.
-Granted, July 27, 2016

Sequoia Capital et al., Menlo Park, California -- relief from certain commitments.
-Granted, July 26, 2016

Banks, State Member

Sandy Spring Bank, Olney, Maryland -- for Sandy Spring Bank's financial subsidiary, Sandy Spring Insurance Corporation, Olney, to acquire Advantage Group Inc., Westminster.
-Approved, July 29, 2016

Change in Bank Control

FirstFed Bancorp, Inc., Bessemer, Alabama -- change in bank control of FirstFed Bancorp, Inc., and its subsidiary, First Financial Bank, Bessemer.
-Permitted, July 27, 2016

Genbeach Co., Inc., Winchester, Kentucky -- change in bank control of Genbeach Co., Inc., and its subsidiary, Peoples Exchange Bank, Winchester.
-Permitted, July 26, 2016

Jonah Bankshares, Casper, Wyoming -- change in bank control of Jonah Bankshares and its subsidiary, Jonah Bank of Wyoming, Casper.
-Permitted, July 27, 2016

RCB Financial Corporation, Rome, Georgia -- to retain control of RCB Financial Corporation and its subsidiary, River City Bank, Rome.
-Permitted, July 25, 2016

Savanna-Thomson Investment, Inc., Savanna, Illinois -- to retain control of Savanna-Thomson Investment, Inc., and its subsidiary, Savanna-Thomson State Bank, Thomson.
-Permitted, July 29, 2016

Stone Bancshares, Inc., Mountain View, Arkansas -- change in bank control of Stone Bancshares, Inc., and its subsidiary, Stone Bank, Mountain View.
-Withdrawn, July 25, 2016

Extensions of Time

The McGehee Bank Employee Stock Ownership Plan, McGehee, Arkansas -- extension to November 4, 2016, to acquire additional shares of Southeast Financial Bankstock Corp., McGehee, and thereby increase its indirect control of McGehee Bank.
-Granted, July 27, 2016

SouthPoint Bancshares, Inc., Birmingham, Alabama -- extension to October 7, 2016, to become a bank holding company by acquiring SouthPoint Bank, Birmingham.
-Granted, July 29, 2016

Wells Fargo & Company, San Francisco, California -- extension of time to divest or conform a merchant banking investment.
-Granted, July 28, 2016

Financial Holding Companies

Live Oak Bancshares, Inc., Wilmington, North Carolina -- election to become a financial holding company.
-Effective, July 29, 2016

NBC Bancshares LLC, Lincoln, Nebraska -- election to become a financial holding company.
-Effective, July 28, 2016

International Operations

MB Financial Bank, National Association, Chicago, Illinois -- to establish MB Financial International, Inc. (MBFI), Rosemont, and for MBFI to invest in two foreign subsidiaries.
-Approved, July 29, 2016

Membership

Hometown Bank, A Cooperative Bank, Oxford, Massachusetts -- to become a member of the Federal Reserve System.
-Approved, July 29, 2016

Regulations and Policies

Insurance Activities -- extension to September 16, 2016, of the comment period on the advance notice of proposed rulemaking regarding capital requirements for supervised institutions significantly engaged in insurance activities.
-Approved, July 25, 2016

Savings and Loan Holding Companies

Westfield Financial Inc., Westfield, Massachusetts -- waiver of application to merge with Chicopee Bancorp, Inc., Chicopee, in connection with the merger of their subsidiaries, Chicopee Savings Bank and Westfield Bank, Westfield.
-Withdrawn, July 28, 2016

Actions under delegated authority

Actions taken during the week ending July 30, 2016

Bank Branches, Domestic