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#   Actions under delegated authority

## Actions taken during the week ending January 26, 2008

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Bank Branches, DomesticSan FranciscoAmerican Security Bank, Santa Ana, California  -- to establish a branch at 16020 Apple Valley Road, Apple Valley.					-Approved, January 24, 2008 					AtlantaCompass Bank, Birmingham, Alabama  -- to establish branches at 2872 West Main Street, Dothan, and 1908 29th Avenue South, Homewood.					-Approved, January 25, 2008 					RichmondGateway Bank & Trust Co., Elizabeth City, North Carolina  -- to establish a branch at 100 Dominion Drive, Emporia, Virginia.					-Approved, January 23, 2008 					DallasLegacyTexas Bank, Plano, Texas  -- to establish a branch at 750 West Dallas Road, Grapevine.					-Approved, January 24, 2008 					

Bank Holding CompaniesChicagoCapitol Bancorp Ltd., Lansing, Michigan  -- to acquire shares of Reidsville Community Bank (in organization), Reidsville, North Carolina, and for Capitol Development Bancorp, Limited VII, Lansing, Michigan, to become a bank holding company and to acquire shares of Reidsville Community Bank.					-Approved, January 24, 2008 					ChicagoCapitol Bancorp, Ltd., Lansing, Michigan  -- to acquire shares of Pisgah Community Bank (in organization), Asheville, North Carolina, and for Capitol Development Bancorp, Limited VII, Lansing, Michigan, to become a bank holding company and to acquire shares of Pisgah Community Bank.					-Approved, January 24, 2008 					ChicagoCapitol Bancorp, Ltd., Lansing, Michigan  -- to acquire shares of Colonia Bank (in organization), Phoenix, Arizona, and for Capitol Development Bancorp Limited VII, Lansing, Michigan, to become a bank holding company and to acquire shares of Colonia Bank.					-Approved, January 22, 2008 					ChicagoCapitol Bancorp, Ltd., Lansing, Michigan, and Capitol Development Bancorp Limited VII  -- to acquire shares of Mountain View Bank of Commerce (in organization), Westminster, Colorado, and for Capitol Bancorp Colorado Ltd. II, Lansing, Michigan, to become a bank holding company and to acquire shares of Mountain View Bank of Commerce.					-Approved, January 24, 2008 					St. LouisCarroll Financial Services, Inc., Huntingdon, Tennessee  -- to acquire Bradford Bancshares, Inc., Bradford, and thereby indirectly acquire The Bank of Bradford.					-Approved, January 24, 2008 					St. LouisEvolve Financial Group, Inc., Cordova, Tennessee  -- to acquire AFS Investment Advisors, Inc., Austin, Texas, and thereby engage in investment advisory activities.					-Returned, January 22, 2008 					Kansas CityHeartland Bancshares, Inc., Clinton, Missouri  -- to become a bank holding company and to acquire Marshall Community Bancshares, Inc., Marshall, and Community Bank of Marshall.					-Withdrawn, January 25, 2008 					MinneapolisHighland Bancshares, Inc., St. Michael, Minnesota  -- to acquire Ridgedale State Bank, Minnetonka.					-Approved, January 25, 2008 					DallasJSA Family Limited Partnership, Jacksonville, Texas  -- waiver of application to acquire Century Capital Financial, Inc., Kilgore, in connection with the merger of their subsidiaries, Austin Bank, Texas National Association, Jacksonville, and City National Bank, Kilgore.					-Granted, January 25, 2008 					Kansas CityLabette County Bankshares, Inc., Altamont, Kansas  -- waiver of application to acquire Miners Bancshares, Inc., Frontenac, in connection with the merger of their subsidiaries, Labette Bank, Altamont, and The Miners State Bank of Frontenac, Frontenac.					-Granted, January 25, 2008 					AtlantaPeoples Financial Corporation, Biloxi, Mississippi  -- to acquire Summit William Bell Apartments, Ltd., Montgomery, Alabama, and thereby engage de novo in community development activities.					-Approved, January 23, 2008 					San FranciscoPremierWest Bancorp, Medford, Oregon  -- waiver of application to merge with The Stockmans Financial Group, Elk Grove, California, in connection with the merger of their subsidiaries, PremierWest Bank, Medford, Oregon, and The Stockmans Bank, Elk Grove, California.					-Granted, January 24, 2008 					AtlantaSatilla Bankcorp, Inc., St. Mary's, Georgia  -- to become a bank holding company and to acquire Satilla Community Bank.					-Approved, January 25, 2008 					

Change In Bank ControlSecretaryFC Banc Corp, Bucyrus, Ohio, and The Farmers Citizens Bank  -- commenter's request to extend the comment period for a change in bank control.					-Denied, January 25, 2008 					St. LouisMerchants & Planters Bancshares, Inc., Toone, Tennessee  -- change in bank control.					-Permitted, January 25, 2008 					Kansas CityRae Valley Financials, Inc., Petersburg, Nebraska  -- to retain control of Rae Valley Financials, Inc. and its subsidiary bank, Petersburg State Bank.					-Permitted, January 23, 2008 					

Extensions Of TimeNew YorkAdirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York  -- extension to May 1, 2008, to acquire additional shares of 473 Broadway Holding Corporation and The Adirondack Trust Company.					-Granted, January 23, 2008 					St. LouisM&P Community Bancshares, Inc. 401(K) Employee Stock Ownership Plan, Newport, Arkansas  -- extension to April 26, 2008, to acquire additional shares of M & P Community Bancshares, Inc.					-Granted, January 25, 2008 					San FranciscoSecurity Business Bancorp, San Diego, California  -- extension to April 24, 2008, to become a bank holding company and to acquire Security Business Bank of  San Diego.					-Granted, January 24, 2008 					Kansas CitySolutionsBank, Overland Park, Kansas  -- extension to May 5, 2008, to merge with Worth National Bank, Lake Worth, Texas, and thereby establish a branch.					-Granted, January 23, 2008 					

MembershipSecretaryFirst Western Bank, Wall, South Dakota, and The First Western Bank Sturgis, Sturgis  -- to become members of the Federal Reserve System.					-Approved, January 25, 2008 					

Regulations And PoliciesFOMCShort-term Interest Rates  -- decrease in the target for the federal funds rate from 4-1/4 percent to 3-1/2 percent, effective January 22, 2008.					-Approved, January 21, 2008 					

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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