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#   Actions under delegated authority

## Actions taken during the week ending September 23, 2006

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Bank Branches, DomesticChicagoClear Lake Bank and Trust Company, Clear Lake, Iowa  -- to establish a branch in the 2900 block of 4th Street Southwest, Mason City.					-Approved, September 22, 2006 					AtlantaCompass Bank, Birmingham, Alabama  -- to establish branches at the intersections of Taylor and Vaughn Roads, Montgomery; West Magee Road and North LaCholla Boulevard, Tucson, Arizona; Central Avenue East and Tramway Boulevard Northeast, Albuquerque, New Mexico; Highway 287 and Bailey Boswell Road, Fort Worth, Texas; and Bandera and Grissom Roads, San Antonio.					-Approved, September 19, 2006 					ChicagoDeMotte State Bank, De Motte, Indiana  -- to establish a branch at 211 West Drexel Parkway, Rensselaer.					-Approved, September 19, 2006 					RichmondFarmers & Mechanics Bank, Frederick, Maryland  -- to establish a branch at 12916 Conamar Drive, Hagerstown.					-Withdrawn, September 22, 2006 					ClevelandFifth Third Bank, Cincinnati, Ohio  -- to establish a branch at 20 South Tuttle Road, Springfield.					-Approved, September 20, 2006 					ClevelandFifth Third Bank, Cincinnati, Ohio  -- to establish a branch at 5750 North Main Street, Dayton.					-Approved, September 20, 2006 					ClevelandFifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 1950 West 33rd Street, Chicago, Illinois.					-Approved, September 20, 2006 					ClevelandFifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 7770 66th Street, Pinellas Park, Florida.					-Approved, September 20, 2006 					ClevelandFifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 2644 Showplace Drive, Naperville, Illinois.					-Approved, September 20, 2006 					SecretaryFirst Community Bank, Taos, New Mexico  -- to establish a branch at 701 West Deer Valley Road, Phoenix, Arizona.					-Approved, September 21, 2006 					Kansas CityFirst Community Bank, Taos, New Mexico  -- to establish a branch at 1580 North Fiesta Boulevard, Suite 102, Gilbert, Arizona.					-Withdrawn, September 21, 2006 					ChicagoHinsbrook Bank and Trust, Willowbrook, Illinois  -- to establish a branch at 311 North Second Street, St. Charles.					-Approved, September 18, 2006 					PhiladelphiaLafayette Ambassador Bank, Easton, Pennsylvania  -- to establish a branch at the intersection of North Third and East Landis Streets, Coopersburg.					-Approved, September 18, 2006 					RichmondMonarch Bank, Chesapeake, Virginia  -- to establish a branch at 150 Boush Street, Norfolk.					-Approved, September 20, 2006 					AtlantaOrion Bank, Naples, Florida  -- to establish a branch at 2225 First Street, Fort Myers.					-Approved, September 20, 2006 					AtlantaRegions Bank, Birmingham, Alabama  -- to establish a branch at 3700 Glenwood Avenue, Raleigh, North Carolina.					-Approved, September 19, 2006 					RichmondUnion Bank and Trust Company, Bowling Green, Virginia  -- to establish a branch at 11163 Nuckols Road, Glen Allen.					-Approved, September 20, 2006 					

Bank Holding CompaniesChicagoCapitol Bancorp Ltd., Lansing, Michigan, and Capitol Development Bancorp Limited V  -- to acquire 51 percent of the shares of 1st Commerce Bank, North Las Vegas, Nevada, a de novo bank.					-Approved, September 20, 2006 					ChicagoF. & M. Bancorp. of Tomah, Inc., Tomah, Wisconsin  -- to purchase certain loans originated by Farmers & Merchants Bank of Tomah.					-Approved, September 22, 2006 					AtlantaFirst Baldwin Bancshares, Inc., Foley, Alabama  -- to become a bank holding company and to acquire First National Bank of Baldwin County.					-Approved, September 19, 2006 					PhiladelphiaGraystone Financial Corp, Lancaster, Pennsylvania  -- to become a bank holding company and to acquire Graystone Bank.					-Approved, September 21, 2006 					DallasIndustry Bancshares, Inc., Industry, Texas; and Industry Holdings, Inc., Wilmington, Delaware  -- to acquire Community Bancorporation, Inc., Bellville, Texas, and indirectly acquire Bellville Holdings, Inc., Wilmington, Delaware, and First National Bank of Bellville, Bellville, Texas.					-Approved, September 20, 2006 					ChicagoThe ShoreBank Corporation, Chicago, Illinois  -- to acquire Greater Chicago Bank, Bellwood.					-Approved, September 19, 2006 					RichmondSouthern National Bancorp of Virginia, Inc., Charlottesville, Virginia  -- waiver of application in connection with the acquisition of 1st Service Bank, McLean, and its merger with Sonabank, National Association, Charlottesville.					-Granted, September 18, 2006 					New YorkWestpac Banking Corporation, Sydney, Australia  -- to engage de novo through Hastings Funds Management (US) Inc., New York, New York, as an investment and financial adviser.					-Approved, September 22, 2006 					

Change In Bank ControlSan FranciscoThe Bank Holdings, Reno, Nevada  -- change in bank control.					-Permitted, September 22, 2006 					DallasLinden Bancshares, Inc., Linden, Texas  -- change in bank control.					-Permitted, September 22, 2006 					

Competitive Factors ReportsPhiladelphiaFirst Columbia Bank & Trust Company, Bloomsburg, Pennsylvania  -- report on competitive factors of the proposed purchase of assets and assumption of liabilities of two Bloomsburg branches of Keystone Nazareth Bank & Trust Company, Bethlehem.					-Submitted, September 22, 2006 					SecretaryThe Frost National Bank, San Antonio, Texas  -- report on competitive factors of the proposed merger with Summit Bank, National Association, Fort Worth.					-Submitted, September 20, 2006 					ChicagoShoreBank, Chicago, Illinois  -- report on competitive factors of the proposed merger with Greater Chicago Bank, Bellwood.					-Submitted, September 21, 2006 					

Extensions Of TimeDallasA.N.B. Holding Company, Ltd., Terrell, Texas  -- extension to September 13, 2006, to acquire The ANB Corporation, The ANB Delaware Corporation, and The American National Bank of Texas.					-Granted, June 1, 2006 					(AC)RichmondFNB Southeast, Reidsville, North Carolina  -- extension to December 22, 2006, to establish a branch at 1001 Military Cutoff Road, Wilmington.					-Granted, September 18, 2006 					ChicagoOswego Community Bank Employee Stock Ownership Plan, Oswego, Illinois  -- extension to December 21, 2006, to increase its ownership from 37.71 percent to 51 percent of Oswego Bancshares, Inc. and thereby increase its ownership in Oswego Community Bank.					-Granted, September 21, 2006 					AtlantaRegions Bank, Birmingham, Alabama  -- extension to October 11, 2007, to establish a branch at 4725 South Flamingo Road, Cooper City, Florida.					-Granted, September 19, 2006 					Kansas CityValliance Financial Corp., Oklahoma City, Oklahoma  -- extension to December 22, 2006, to become a bank holding company and to acquire Valliance Bank, National Association.					-Granted, September 18, 2006 					

Financial Holding CompaniesSan FranciscoIntermountain Community Bancorp, Sandpoint, Idaho  -- election to become a financial holding company.					-Effective, September 21, 2006 					

MembershipKansas CityCornerstone Bank, N.A., York, Nebraska  -- to retain membership in the Federal Reserve System on conversion from a national charter to a state charter, to be known as Cornerstone Bank.					-Approved, September 20, 2006 					

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