Actions of the Board, Its Staff, and the Federal Reserve ... · 18.02.2006 · Federal Open Market...

Federal Reserve Release

H.2

Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received

7No.

Week Ending February 18, 2006

Board of Governors of the Federal Reserve System, Washington, DC 20551

H.2 February 12, 2006 to February 18, 2006Board Actions

Regulations And PoliciesNontraditional Mortgage Products -- extension to March 29, 2006, of the comment period on proposed interagency guidance on nontraditional residential mortgage products.- Announced, February 17, 2006

Regulation Y -- final amendments to increase the asset-size threshold for defining small bank holding companies and to modify the criteria for determining eligibility under the Board's small bank holding company policy statement and capital guidelines (Docket No. R-1235).- Approved, February 16, 2006

Testimony And StatementsMonetary Policy Objectives -- statement by Chairman Bernanke before the House Committee on Financial Services, February 15, and the Senate Committee on Banking, Housing, and Urban Affairs, February 16, 2006.- Authorized, February 13, 2006

(AC) = Addition or Correction Board - Page 1 of 1

February 12, 2006 to February 18, 2006BS&RC&CAFOMC

RBOPSIF

OSDM

Banking Supervision and RegulationConsumer and Community AffairsFederal Open Market Committee

Reserve Bank Operations and Payment SystemsInternational FinanceOffice of Staff Director for Management

H.2 Actions under delegated authority

Bank Branches, Domestic

AmSouth Bank, Birmingham, Alabama -- to establish branches at 5420 U.S. Highway 280; Main Street at Lakewood Ranch, Bradenton, Florida; 6221 14th Street; Argyle Forest Boulevard, between Old Middleburt and Brannon Field Roads, Jacksonville; the intersection of Dairy Road and New Haven Avenue, Melbourne; 763 East 3rd Avenue, New Smyrna Beach; and the intersection of Kings Highway and Peachland and Veterans Boulevards, Port Charlotte.- Approved, February 17, 2006

Atlanta

Bank of Rogers, Rogers, Arkansas -- to establish a branch at 211 East Pleasant Grove Road, Lowell.- Approved, February 17, 2006

Secretary

Fifth Third Bank, Cincinnati, Ohio -- to establish a branch at 3033 Heritage Green Drive, Monroe.- Approved, February 16, 2006

Cleveland

Fifth Third Bank, Cincinnati, Ohio -- to establish a branch at 16453 Libby Road, Maple Heights.- Approved, February 17, 2006

Cleveland

Fifth Third Bank, Cincinnati, Ohio -- to establish a branch at 19053 Bagley Road, Middleburg Heights.- Approved, February 17, 2006

Cleveland

Five Points Bank, Grand Island, Nebraska -- to establish a mobile branch at 2015 North Broadwell Avenue.- Approved, February 16, 2006

Kansas City

(AC) = Addition or Correction Delegated - Page 1 of 6

H.2 February 12, 2006 to February 18, 2006Actions under delegated authority

Bank Branches, Domestic

Regions Bank, Birmingham, Alabama -- to establish a branch in the 6700 block of Pines Road, Shreveport, Louisiana.- Approved, February 15, 2006

Atlanta

Sterling Bank, Lantana, Florida -- to establish a branch at 399 West Palmetto Park Road, Boca Raton.- Approved, February 17, 2006

Atlanta

SunTrust Bank, Atlanta, Georgia -- to establish branches at 12396 West Sunrise Boulevard, Plantation, Florida; 6210 Coral Ridge Drive, Coral Springs; 3800 North Federal Highway, Lighthouse Point; and 4475 Southwest 124th Avenue, Davie.- Approved, February 13, 2006

Secretary

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 872 Highway 96, Warner Robins.- Approved, February 16, 2006

Secretary

Virginia Community Bank, Louisa, Virginia -- to establish a branch at 3009 River Road West, Goochland County.- Approved, February 15, 2006

Richmond

Bank Holding Companies

Bank of East Asia, Limited, Hong Kong, and East Asia Holding Company, Inc., New York, New York -- waiver of application requirement to acquire National American Bancorp, San Francisco, California, and its subsidiary, National American Bank, in connection with a proposal to merge the applicants and their subsidiary bank, Bank of East Asia (U.S.A.) National Association, New York, New York, with the acquired institutions, respectively.- Granted, February 13, 2006

New York




Capitol Bancorp Ltd., Lansing, Michigan -- to acquire 51 percent of the shares of Bank of Valdosta, Valdosta, Georgia, a de novo bank.- Approved, February 16, 2006

Chicago

Farmers and Merchants Investment Inc. (F&M), Milford, Nebraska, and Union Bank and Trust Company, Lincoln -- waiver of application requirement to acquire Commercial Bank of Bonner Springs, Bonner Springs, Kansas, and to subsequently merge it with F&M's subsidiary bank, Union Bank and Trust Company, and retention by F&M of an exemption from the prohibition against nonbanking activities under section 4(C)(ii) of the Bank Holding Company Act.- Granted, February 17, 2006

General Counsel

First Connecticut Bancorp, Inc., Farmington, Connecticut -- to become a bank holding company in connection with the reorganization of Farmington Savings Bank into a mutual bank holding company structure.- Approved, February 17, 2006

Boston

First Fidelity Bancorp, Inc., Oklahoma City, Oklahoma -- to acquire First Fidelity Bank, N.A., Phoenix, Arizona, a de novo bank.- Withdrawn, February 16, 2006

Kansas City

First National Bancorp, Inc., Green Forest, Arkansas -- to acquire additional shares, for a total of up to 9.9 percent, of Legacy National Bank, Springdale.- Approved, February 17, 2006

St. Louis

Gregg Bancshares, Inc., Nixa, Missouri -- to become a bank holding company and to acquire 97.4 percent of the shares of Glasgow Savings Bank, Glasgow.- Approved, February 13, 2006

Kansas City




HSH Nordbank AG, Hamburg, Germany -- to engage de novo through its subsidiary, HSH N Financial Securities LLC, New York, New York, in providing agency transactional services for customer investments.- Approved, February 14, 2006

New York

Park Avenue Bancorp, Inc., New York, New York -- to become a bank holding company and to acquire 80.1 percent of the shares of Park Avenue Bank.- Approved, February 14, 2006

New York

Bank Mergers

East West Bank, San Marino, California -- to merge with Standard Bank, Monterey Park, and thereby establish branches.- Approved, February 16, 2006

Secretary

First Midwest Bancorp, Inc., Itasca, Illinois -- to acquire Bank Calumet, Inc., Hammond, Indiana, and Bank Calumet, National Association; and for First Midwest Bank, Itasca, Illinois, to merge with Bank Calumet, National Association, Hammond, Indiana, and thereby establish branches.- Approved, February 16, 2006

Chicago

Banks, National

Bank of America, National Association, Charlotte, North Carolina -- to establish a bank service company to engage in leasing activities.- Approved, February 17, 2006

Richmond

Change In Bank Control

Rochester State Bankshares, Inc., Rochester, Illinois -- to retain control of Rochester State Bankshares, Inc.- Permitted, February 16, 2006

Chicago



Competitive Factors Reports

AmericanWest Bank, Spokane, Washington -- report on competitive factors of the proposed merger with Columbia Trust Bank, Pasco.- Submitted, February 13, 2006

San Francisco

Merrill Lynch Trust Company, FSB, Pennington, New Jersey -- report on competitive factors of the proposed merger with Merrill Lynch Bank & Trust Co., Plainsboro.- Submitted, February 14, 2006

Philadelphia

South Carolina Bank and Trust, National Association, Orangeburg, South Carolina -- report on competitive factors of the proposed merger with SunBank, National Association, Murrells Inlet.- Submitted, February 16, 2006

Richmond

Western State Bank, Duarte, California -- report on competitive factors of the proposed merger with WSB Merger Corp., Ontario.- Submitted, February 14, 2006

San Francisco

Extensions Of Time

American Heritage Bank, Sapulpa, Oklahoma -- extension to May 17, 2006, to establish a branch at 502 East Indiana Avenue, Kiefer.- Granted, February 13, 2006

Kansas City

Premier Bank, Doylestown, Pennsylvania -- extension to February 22, 2007, to establish a branch at the intersection of York and Streets Roads, Warminister Township.- Granted, February 16, 2006

Philadelphia



Financial Holding Companies

Spring Bancorp, Inc., Springfield, Illinois -- election to become a financial holding company.- Effective, February 16, 2006

Chicago

Membership

King Southern Bank, Chaplin, Kentucky -- to become a member of the Federal Reserve System.- Approved, February 13, 2006

St. Louis


District: 1Federal Reserve Bank of Boston

Filings received during the week ending February 18, 2006

Filing TypeFiler Filing Proposal End of Comment Period

Newspaper:

Federal Register:Not available* 3A1

* 3A3 02/27/2006Application by Wessagussett Mutual HoldingCompany and Wessagussett Bancorp, Inc.,both of Weymouth, Massachusetts, to become amutual bank holding company and a stockbank holding company, respectively(collectively, the Applicants), by acquiringWeymouth Bank, Weymouth, Massachusetts,pursuant to sections 3(a)(1) and 3(a)(3) of theBank Holding Company Act of 1956, asamended.

WESSAGUSSETT MUTUALHOLDING COMPANY

* Subject to the provisions of the Community Reinvestment Act

District: 1Federal Reserve Bank of Boston

Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of thecommunities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977(12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluatedperiodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = OutstandingS = SatisfactoryNI = Needs to improveSN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.

Exam MethodCRARatingExam DateInstitution / Location

RSSDID

CRAPublic Date

NONE

CRA Examinations scheduled for Second Quarter of 2006 (April 1, 2006 - June 30, 2006)

LocationInstitution


District: 2Federal Reserve Bank of New York



Newspaper:

Federal Register:* Branch

Not applicable02/23/2006Adirondack Bank, Utica, New York request

approval to establish a de novo branch at 9544Depot Street, Holland Patent, Oneida County,NY.

ADIRONDACK BANK

Newspaper:

Federal Register:Not applicable4c803/07/2006

Banco Latinoamericano de Exportaciones S.A.,Panama City, Republic of Panama, requestedprior approval of the Board of Governors of theFederal Reserve System, pursuant to Section4(c)(8) of the Bank Holding Company Act of1956, as amended, to engage, de novo, incertification authority and related dataprocessing activities.

BANCO LATINOAMERICANODE EXPORTACIONES, S.A.

Newspaper:


Not applicable03/05/2006Bank of Smithtown, Smithtown, New York

request approval to open a branch located at4032 Nesconset Highway, Setauket, SuffolkCounty, New York.

BANK OF SMITHTOWN

Newspaper:


Not applicable03/05/2006Bank of Smithtown, Smithtown, New York

request approval to open a branch located at465 Smithtown Blvd., Nesconset, SuffolkCounty, New York.

BANK OF SMITHTOWN

Newspaper:Federal Register:

Not applicableInvestmentNot applicable

30 Day Prior Notice by Citibank, N.A., NewYork, New York and its Edge Corporation,Citibank Overseas Investment Corporation,New Castle, Delaware ("COIC"), to transfercertain COIC subsidiaries in Brazil to BancoCitibank S.A., a direct, wholly ownedsubsidiary of COIC headquartered in SaoPaulo, Brazil.

CITIBANK, N.A.


Not availableFBSEANot applicable

Export-Import Bank of Ukraine ("EXIMBank")Kiev, Ukraine, to establish arepresentative office in New York, New York,pursuant to Section 10(a) of the InternationalBankingAct of 1978, as amended, and Section211.24(a)(1) of Regulation K.

STATE EXPORT-IMPORTBANK OF UKRAINE, INC.


District: 2Federal Reserve Bank of New York









RSSDID

CRAPublic Date

ADIRONDACK BK, UTICA, NEW YORK S101671 08/22/2005 02/08/2006 Small Bank


LocationInstitution

BUFFALO, NEW YORKMANUFACTURERS & TRADERS TC


District: 3Federal Reserve Bank of Philadelphia



Newspaper:

Federal Register:Not available* 3A303/09/2006

Orrstown Financial Services, Inc.,Shippensburg, PA, to acquire The FirstNational Bank of Newport, Newport, PA

ORRSTOWN FINANCIALSERVICES, INC.

Newspaper:


4c8 03/13/2006Tower Bancorp, Inc., Greencastle, PA, toacquire FNB Financial Corporation,McConnellsburg, and its wholly ownsubsidiary, The First National Bank ofMcConnellsburg, McConnellsburg, PA.

TOWER BANCORP INC.


District: 3Federal Reserve Bank of Philadelphia









RSSDID

CRAPublic Date

EAST PENN BK, EMMAUS, PENNSYLVANIA S1901243 09/07/2005 02/07/2006 Int Sm Bank


LocationInstitution


District: 4Federal Reserve Bank of Cleveland



Newspaper:

Federal Register:* 3A1* 3A3

03/07/200603/10/2006

Enterprise Financial Services Group, Inc.,Allison Park, Pennsylvania, to acquire 100percent of the Class A Common Stock ofEnterprise Bank, Allison Park, Pennsylvania,and thus become a bank holding company.Subsequently, Enterprise Employee StockOwnership Plan, Allison Park, Pennsylvaniawwould acquire 22 percent of the Class ACommon Stock of Enterprise FinancialServices Group, and also become a bankholding company. Seed Money LimitedPartnership to acquire control of EnterpriseFinancial Services Group, Inc. and indirectcontrol of Enterprise Bank, all of Allison Park,Pennsylvania

ENTERPRISE EMPLOYEESTOCK OWNERSHIP TRUST

Newspaper:


Not applicable02/24/2006Fifth Third Bank, Cincinnati, OH to establish a

branch at 1379 North Shoop Avenue,Wauseon, OH.

FIFTH THIRD BANK

Newspaper:


Not applicable01/27/2006FIfth Third Bank, Cincinnati, OH to establish

a branch at 3033 Heritage Green Drive,Monroe, OH.

FIFTH THIRD BANK

Newspaper:


Not applicable02/11/2006Fifth Third Bank, Cincinnati, OH to establsih a

branch at 16453 Libby Road, Maple Heights,OH.

FIFTH THIRD BANK


* BranchNot applicable02/11/2006Fifth Third Bank, Cincinnati, OH to establsih a

branch at 19053 Bagley Road, MiddleburgHeights, OH.

FIFTH THIRD BANK


* BranchNot applicable02/11/2006Fifth Third Bank, Grand Rapids, MI to

establish a branch at 20399 Gibraltar Road,Brownstown, MI.

FIFTH THIRD BANK


District: 4Federal Reserve Bank of Cleveland









RSSDID

CRAPublic Date

NONE


LocationInstitution

VANCEBURG, KENTUCKYCITIZENS DEPOSIT B&TC

PIKEVILLE, KENTUCKYCOMMUNITY TR BK INC

GAHANNA, OHIOHEARTLAND BK

PITTSBURGH, PENNSYLVANIAIRON & GLASS BK

SAINT HENRY, OHIOSAINT HENRY BK


District: 5Federal Reserve Bank of Richmond



Newspaper:


Not applicable03/02/2006River City Bank, Mechanicsville, Virginia,

proposes to establish a branch at 109 E. NineMile Road, Highland Springs, Virginia.

RIVER CITY BANK

Newspaper:

Federal Register:Not applicableMemberNot applicable

Security One Bank, Baileys Crossroads,Virginia,(in organization) to become a memberof the Federal Reserve System.

Security One Bank

Newspaper:


Virginia Business Bank, Richmond, Virginia,to become a member of the Federal ReserveSystem.

VIRGINIA BUSINESS BANK

Newspaper:


Not applicable02/18/2006Virginia Heritage Bank, Fairfax, Virginia,

requests permission to provide a courier serviceto pick up noncash deposits from businesscustomers.

VIRGINIA HERITAGE BANK


District: 5Federal Reserve Bank of Richmond









RSSDID

CRAPublic Date

VIRGINIA CMRC BK, ARLINGTON, VIRGINIA S1190074 09/26/2005 12/28/2005 Large Bank


LocationInstitution


District: 6Federal Reserve Bank of Atlanta



Newspaper:


Old Southern Bank, Clermont, Florida, (inorganization) to become a member of theFederal Reserve System.

OLD SOUTHERN BANK

Newspaper:

Federal Register:Not available* 3A5Not available

Security Bank Corporation, Macon, Georgia, tomerge with Neighbors Bancshares, Inc., andthereby acquire its subsidiary, Neighbors Bank,both of Alpharetta, Georgia.

SECURITY BANKCORPORATION

Newspaper:

Federal Register:Not availableCIC02/27/2006

Southeastern Bank Financial Corporation,Augusta, Georgia, after-the-fact change incontrol notification filed by the Pollard FamilyGroup (Jennie Floyd Pollard, Robert W.Pollard, Jr., Patricia D. Pollard, ZacharyDuncan Pollard, Ann Elizabeth Pollard,Richard Daniel Blanton, Patricia PollardBlanton, Thomas Vinson Blanton, II, JennieBriggs Blanton, Clayton Edward Blanton, LeeBlanton West, Levi Anderson Pollard, V, LeviAnderson Pollard, VI, Lucy Ann Pollard,Pollard Land Company, all of Appling,Georgia, and Robert William Pollard, III,Evans, Georgia, Richard Daniel Blanton, Jr.,Carrollton, Georgia, Lynn Pollard Nickersonand Paul Rush Battle, both of Atlanta, Georgia,and RWP, Sr. Enterprises, LLLP, Appling,Georgia, Robert W. Pollard, Jr., PatriciaPollard Blanton, Levi Anderson Pollard, V,and Lynn Pollard Nickerson, general partners),to retain 47.9 percent of Southeastern BankFinancial Corporation, and its subsidiary bank,Georgia Bank & Trust, both of Augusta,Georgia.

SOUTHEASTERN BANKFINANCIAL CORPORATION

Newspaper:

Federal Register:* 3A3

Not available02/26/2006Upper Cumberland Bancshares, Inc., and its

parent company, Employee Stock OwnershipTrust of People's Bank and Trust Company ofPickett County, both of Byrdstown, Tennessee,to acquire 100 percent of the outstandingshares of People's Bank and Trust Company ofClinton County, Albany, Kentucky (inorganization).

UPPER CUMBERLANDBANCSHARES, INC.


District: 6Federal Reserve Bank of Atlanta









RSSDID

CRAPublic Date

NONE


LocationInstitution


District: 7Federal Reserve Bank of Chicago



Newspaper:

Federal Register:Not applicable4c8Not applicable

12-day prior notice - A.M. Saylor, Inc.,Hampton, Iowa, proposes to engage de novo inextending credit and servicing loans, pursuantto Section 225.28(b)(1) of Regulation Y.

A. M. SAYLOR,INCORPORATED

Newspaper:

Federal Register:CIC 03/02/2006

02/21/2006Notice by Jill Kollock, Bancroft, Wisconsin, asan individual and as trustee for the JuddFamily Trust and the Jean Judd OTIP MaritalTrust 1; Christopher Kollock, as an individual;and Jill and Christopher Kollock, together withJan and William Weisenbeck, as a groupacting in concert, to retain control of BancroftState Bancshares, Inc., Bancroft, Wisconsin,and thereby indirectly Bancroft State Bank,Bancroft, Wisconsin.

BANCROFT STATEBANCSHARES, INC.

Newspaper:

Federal Register:Not available* BranchNot applicable

Comerica Bank, Detroit, Michigan, to establishtwo branch facilities to be located at 7306 E.Shea Blvd., Scottsdale, Arizona, and 6540Irvine Center Drive, Irvine, California.

COMERICA BANK

Newspaper:

Federal Register:Not available* 3A3Not available

Community State Bank Employee StockOwnership Plan and Trust, Union Grove,Wisconsin, to increase its ownership to 33.95percent of the voting shares of UnionBancorporation, Inc., Union Grove, Wisconsin,and thereby indirectly acquire CommunityState Bank, Union Grove, Wisconsin.

COMMUNITY STATE BANKEMPLOYEE STOCKOWNERSHIP PLAN ANDTRUST


Not available* 3A1Not available

Gerber Bancshares, Inc., Argenta, Illinois, tobecome a bank holding company by acquiring100 percent of the voting shares of GerberState Bank, Argenta, Illinois.

Gerber Bancshares, Inc.


Not available* 4c803/06/2006

Mainsource Financial Group, Inc., Greensburg,Indiana, to acquire 100 percent of the votingshares of HFS Bank, F.S.B., Hobart, Indiana,and thereby operate a savings association.

MAINSOURCE FINANCIALGROUP, INC.


Not available* 3A5* 4c8 03/09/2006

MainSource Financial Group, Inc.,Greensburg, Indiana, to merge with PeoplesOhio Financial Corporation, Troy, Ohio, andthereby indirectly acquire Peoples SavingsBank of Troy, Troy, Ohio, and thereby operatea savings association.

MAINSOURCE FINANCIALGROUP, INC.


Not availableCIC02/28/2006

Notice by Mark B. Richardson, ThetfordCenter, Vermont, to increase his ownership to28 percent of Oakwood Bancorp, Inc.,Springfield, Illinois, and thereby indirectlyincrease ownership of United CommunityBank, Oakwood, Illinois.

OAKWOOD BANCORP, INC.


* 3A3 03/05/200603/03/2006

Stark Bank Group, Ltd., Fort Dodge, Iowa, tomerge with Pelican Financial, Inc., Ann Arbor,Michigan, and thereby indirectly acquirePelican National Bank, Naples, Florida.

STARK BANK GROUP, LTD.











RSSDID

CRAPublic Date

CITIZENS BK, FLINT, MICHIGAN O222147 07/18/2005 02/02/2006 Large BankFARMERS ST BK, BROOKSTON, INDIANA S571443 10/31/2005 02/08/2006 Small BankHARTSBURG ST BK, HARTSBURG, ILLINOIS S799939 11/07/2005 02/02/2006 Small Bank


LocationInstitution

BYRON CENTER, MICHIGANBYRON BK

BERNE, INDIANAFIRST BK OF BERNE

BEECHER, ILLINOISFIRST CMNTY B&TC

ITASCA, ILLINOISFIRST MIDWEST BK

MANCHESTER, IOWAFIRST ST BK

PORTER, INDIANAFIRST ST BK OF PORTER

FRIENDSHIP, INDIANAFRIENDSHIP ST BK

COUNCIL BLUFFS, IOWAFRONTIER SVG BK

HULL, IOWAIOWA ST BK

COLUMBUS, INDIANAIRWIN UNION B&TC

LA SALLE, ILLINOISLA SALLE ST BK

CHICAGO, ILLINOISMARQUETTE BK

FARMINGTON HILLS, MICHIGANMICHIGAN HERITAGE BK

CHICAGO, ILLINOISNORTHERN TC

OREGON, WISCONSINOREGON CMNTY B&TC

INVERNESS, ILLINOISROYAL AMER BK

ANTIOCH, ILLINOISSTATE BK THE LAKES

TEMPLETON, IOWATEMPLETON SVG BK



ARLINGTON HEIGHTS, ILLINOISVILLAGE B&TC

WASHINGTON, IOWAWASHINGTON ST BK


District: 8Federal Reserve Bank of St. Louis



Newspaper:


* 3A54c8

03/17/2006American Founders Bancorp, Inc., Frankfort,Kentucky, to become a bank holding companyby acquiring 100 percent of AmericanFounders Bank, Inc., Frankfort, Kentucky. Inaddition, American Founders Bancorp, Inc.,proposes to acquire 100 percent of FirstSecurity Bancorp, Inc., Lexington, Kentucky("Bancorp"), and thereby indirectly acquireFirst Security Bank of Lexington, Inc.,Lexington, Kentucky. Through the acquisitionof Bancorp, American Founders Bancorp, Inc.,will also acquire 50 percent of Peoples Secure,LLC, Lexington, Kentucky, and therebyindirectly engage in data processing activities.

AMERICAN FOUNDERSBANCORP, INC.

Newspaper:


Not applicable02/26/2006Arvest Bank, Fayetteville, Arkansas, to

establish a branch facility to be located at 2025Sonoma Park Drive, Oklahoma City,Oklahoma.

ARVEST BANK

Newspaper:

Federal Register:* 18C* Branch Not applicable

03/17/2006First Bank, St. Louis, Missouri, to merge withFirst Independent National Bank, Plano,Texas, and to retain the acquired facilities asbranch offices.

FIRST BANK

Newspaper:

Federal Register:* 3A3

Not available03/20/2006First Banks, Inc., Hazelwood, Missouri, and its

subsidiary bank holding company, The SanFrancisco Company, San Francisco, California,to acquire 80 percent of First IndependentNational Bank, Plano, Texas.

FIRST BANKS, INC.


* 3A3* 18C* Branch

Not available03/17/2006First Banks, Inc., St. Louis, Missouri, and its

subsidiary bank holding company, The SanFrancisco Company, San Francisco, California,to acquire 100 percent of Pittsfield CommunityBancorp, Inc., Pittsfield, Illinois, and therebyindirectly acquire Community Bank ofPittsfield, Pittsfield, Illinois. Also, First Bank,St. Louis, Missouri, to merge with CommunityBank of Pittsfield, Pittsfield, Illinois, and toretain the acquired facilities as branch offices.

FIRST BANKS, INC.


Not available* 3A5Not available

First M & F Corporation, Kosciusko,Mississippi, to merge with Crockett CountyBancshares, Inc., Bells, Tennessee, and therebyindirectly acquire Bells Banking Company,Bells, Tennessee.

FIRST M & F CORPORATION


Not applicableMemberNot applicable

King Southern Bank, Chaplin, Kentucky, tobecome a member of the Federal ReserveSystem.

KING SOUTHERN BANK


District: 8Federal Reserve Bank of St. Louis









RSSDID

CRAPublic Date

NONE


LocationInstitution


District: 9Federal Reserve Bank of Minneapolis



Newspaper:


03/01/2006Change in control notice by Katherine Buland,Waseca, Minnesota; Elizabeth Danger, PriorLake, Minnesota; Ann Gaytko, Waseca,Minnesota; James Sankovitz, Chaska,Minnesota; and Thomas Sankovitz, Waseca,Minnesota, a group acting in concert, toacquire control of Frankson InvestmentCorporation, Waseca, Minnesota, and therebyindirectly acquire control of The First NationalBank of Waseca, Waseca, Minnesota.

FRANKSON INVESTMENTCORPORATION

Newspaper:


Salish and Kootenai Bancorporation, Polson,Montana, to become a bank holding companyby acquiring 100 percent of the capital stock ofEagle Bank, Polson, Montana, a de novo bank.

SALISH AND KOOTENAIBANCORPORATION

Newspaper:


Not applicable03/03/2006Valley Bank of Ronan, Ronan, Montana, to

establish a branch located at 146 S. ShoreRoute, Polson, Montana.

VALLEY BANK OF RONAN

Newspaper:


Member 03/17/2006Westbrand, Inc., Minot, North Dakota, toacquire 100 percent of First Western Bank,Eden Prairie, Minnesota, and incident thereto,First Western Bank, Eden Prairie, Minnesota,a de novo bank, to become a member of theFederal Reserve System.

WESTBRAND, INC.


District: 9Federal Reserve Bank of Minneapolis









RSSDID

CRAPublic Date

DAKOTA WESTERN BK, BOWMAN, NORTH DAKOTA S827458 10/31/2005 02/03/2006 Small Bank


LocationInstitution

BOZEMAN, MONTANABIG SKY WESTERN BK

CHOTEAU, MONTANACITIZENS ST BK OF CHOTEAU

CLINTON, MINNESOTACLINTON ST BK

AUSTIN, MINNESOTACOMMUNITY BK

MISSOULA, MONTANACOMMUNITY BK MISSOULA

ABERDEEN, SOUTH DAKOTADACOTAH BK

VICTOR, MONTANAFARMERS ST BK

BUTTE, MONTANAFIRST CITIZENS BK OF BUTTE

MINOT, NORTH DAKOTAFIRST WESTERN B&TC

FULTON, SOUTH DAKOTAFULTON ST BK

DULUTH, MINNESOTANORTH SHORE BK OF COMMERCE

ISHPEMING, MICHIGANPENINSULA BK OF ISHPEMING

PLAINVIEW, MINNESOTAPEOPLES ST BK OF PLAINVIEW

TOWNSEND, MONTANASTATE BK OF TOWNSEND

GLASGOW, MONTANAVALLEY BK GLASGOW

BILLINGS, MONTANAWESTERN SCTY BK

LAUREL, MONTANAYELLOWSTONE BK


District: 10Federal Reserve Bank of Kansas City



Newspaper:


First Muskogee Financial Corporation,Muskogee, Oklahoma, to acquire 100 percentof the voting shares of First FinancialBancshares, Inc., Roland, Oklahoma, parent ofFirst National Bank of Sallisaw, Sallisaw,Oklahoma.

FIRST MUSKOGEEFINANCIAL CORPORATION

Newspaper:

Federal Register:Not availableCIC03/09/2006

Notification by Trenton W. Brown, Ponca City,Oklahoma; Lisa D. Kessler, Scottsdale,Arizona; Mark R. Brown, Scottsdale, Arizona;Mary J. Brown, Arkansas City, Kansas; R. A.Brown, Arkansas City, Kansas; Roger A.Brown, Arkansas City, Kansas; Suzanne W.Brown, Arkansas City, Kansas; Charlotte B.Delaney, Winnetka, Illinois; and Rebecca R.Warren, Ponca City, Oklahoma, to acquirecontrol of HNB Corporation, Arkansas City,Kansas, parent of Home National Bank,Blackwell, Oklahoma.

HNB CORPORATION

Newspaper:

Federal Register:* 3A1 03/10/2006

03/17/2006KansasLand Bancshares, Inc., Quinter,Kansas, to become a bank holding companythrough the acquisition of 87 percent of thevoting shares of Flint Hills Financial ServicesCorporation, parent of Americus State Bank (tobe known as KansasLand Bank), both inAmericus, Kansas.

KANSASLAND BANCSHARES,INC.

Newspaper:


03/17/2006Pinnacle Bancorp, Inc., Central City,Nebraska, to acquire 100 percent of the votingshares of Olathe Bancorporation, Inc., parentof Olathe State Bank, both in Olathe,Colorado.

PINNACLE BANCORP, INC.


District: 10Federal Reserve Bank of Kansas City









RSSDID

CRAPublic Date

CITIZENS FARMERS BK COLE CAMP, COLE CAMP, MISSOURI S385547 10/31/2005 01/25/2006 Small BankHIGH PLAINS BK, FLAGLER, COLORADO S247551 11/14/2005 02/07/2006 Small BankOREGON TRAIL BK, GUERNSEY, WYOMING S900258 11/14/2005 02/03/2006 Small Bank


LocationInstitution

SAPULPA, OKLAHOMAAMERICAN HERITAGE BK

OVERLAND PARK, KANSASBANK OF BLUE VALLEY

FAIRLAND, OKLAHOMAFIRST BK OF FAIRLAND

TEMPLE, OKLAHOMAFIRST ST BK IN TEMPLE

HOTCHKISS, COLORADOFIRST ST BK OF HOTCHKISS

MONTROSE, COLORADOMONTROSEBANK

COURTLAND, KANSASSWEDISH-AMERICAN ST BK

GREELEY, COLORADOUNION COLONY BK


District: 11Federal Reserve Bank of Dallas



Newspaper:


03/13/2006Frontier Bancshares, Inc., Austin, Texas, andFrontier BN, Inc., Henderson, Nevada, tobecome bank holding companies by acquiring100 percent of The First National Bank ofHolland, Holland, Texas.

FRONTIER BANCSHARES,INC.

Newspaper:


03/10/2006Texas Independent Bancshares, Inc., TexasCity, Texas, and T.I.B. Delaware, Inc.,Wilmington, Delaware, to acquire by mergerSoutheast Bancorp of Texas, Inc., Winnie,Texas, and indirectly acquire SEBOT, Inc.,Wilmington, Delaware, and Gulf Coast Bank,Winnie, Texas.

TEXAS INDEPENDENTBANCSHARES, INC.


District: 11Federal Reserve Bank of Dallas









RSSDID

CRAPublic Date

NONE


LocationInstitution


District: 12Federal Reserve Bank of San Francisco



Newspaper:

Federal Register:Not availableFBSEANot applicable

eBank Corporation, Tokyo, Japan, to establisha representative office in San Francisco,California, pursuant to Section 10(a) of theInternational Banking Act.

EBANK CORPORATION

Newspaper:


02/22/2006Notice by Lanza Family Group, consisting ofDavid W. Lanza, Roy E. Lanza, David W.Lanza Trust, Roy and Sondra Lanza FamilyTrust, Colusa Motor Sales, Inc., Hust Brothers,Inc., Marysville Auto Parts, Inc., and YubaStreet Ventures, LLC, all of Marysville,California, to increase their ownership of GoldCountry Financial Services, Inc., and therebyindirectly increase their ownership of GoldCountry Bank, N.A., both of Marysville,California.

GOLD COUNTRY FINANCIALSERVICES, INC.

Newspaper:

Federal Register:Not availableFBSEANot applicable

Taiwan Cooperative Bank, Taipei, Taiwan, toretain the Seattle, Washington, and LosAngeles, California, branch offices of FarmersBank of China, as a result of the merger ofFarmers Bank of China, with and into TaiwanCooperative Bank.

Taiwan Cooperative Bank


District: 12Federal Reserve Bank of San Francisco









RSSDID

CRAPublic Date

DESERT CMNTY BK, VICTORVILLE, CALIFORNIA S155263 05/31/2005 02/08/2006 Large Bank


LocationInstitution

SAN MARINO, CALIFORNIAEAST WEST BK

SALT LAKE CITY, UTAHFIRST UT BK

BOISE, IDAHOIDAHO BKG CO

FRESNO, CALIFORNIAUNITED SCTY BK

SAN RAFAEL, CALIFORNIAWESTAMERICA BK


Actions of the Board, Its Staff, and the Federal Reserve ... · 18.02.2006 · Federal Open Market...

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Transcript of Actions of the Board, Its Staff, and the Federal Reserve ... · 18.02.2006 · Federal Open Market...