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

Actions under delegated authority

Actions taken during the week ending February 4, 2006


Bank Branches, Domestic

San Francisco
1st Pacific Bank of California, San Diego, California  -- to establish a branch at 169 East Main Street, El Cajon.
-Approved, January 30, 2006 

Secretary
First Community Bank, Taos, New Mexico  -- to establish a branch at 4582 South Ulster Street, Suite 650, Denver, Colorado.
-Approved, February 1, 2006 

Chicago
Johnson Bank, Racine, Wisconsin  -- to establish a branch at 119 Martin Luther King, Jr. Boulevard, Madison.
-Approved, January 30, 2006 

Chicago
Johnson Bank, Racine, Wisconsin  -- to establish a branch at 1916 Wisconsin Avenue.
-Approved, February 3, 2006 

Atlanta
Regions Bank, Birmingham, Alabama  -- to establish a branch in the 300 block of Hester Drive, Harrison, Arkansas.
-Approved, January 30, 2006 

Richmond
Southern Community Bank and Trust, Winston-Salem, North Carolina  -- to establish a branch at 2626 Glenwood Avenue, Raleigh.
-Approved, February 1, 2006 

Secretary
SunTrust Bank, Atlanta, Georgia  -- to establish a branch at 11201 Nuckols Road, Glen Allen, Virginia.
-Approved, February 2, 2006 

Secretary
SunTrust Bank, Atlanta, Georgia  -- to establish a branch at 1450 Johns Lake Road, Clermont, Florida.
-Approved, February 2, 2006 

Secretary
SunTrust Bank, Atlanta, Georgia  -- to establish a branch at 1735 South Park Street, Carrollton.
-Approved, January 30, 2006 

Secretary
SunTrust Bank, Atlanta, Georgia  -- to establish a branch at 8700 University Place Executive Park Drive, Charlotte, North Carolina.
-Approved, February 2, 2006 

Bank Holding Companies

San Francisco
America West Bank Members, LC, Layton, Utah  -- relief from certain commitments.
-Granted, February 2, 2006 

New York
Bay View Capital Corporation, San Mateo, California  -- to become a bank holding company and to acquire Great Lakes Bancorp, Buffalo, New York, and Greater Buffalo Savings Bank.
-Approved, January 30, 2006 

Minneapolis
Beulah Bancorporation, Inc., Sioux Falls, South Dakota  -- to acquire Valley Bank & Trust, Mapleton, Iowa.
-Approved, February 3, 2006 

Boston
Butler Bancorp, MHC, Lowell, Massachusetts, and Butler Bancorp, Inc.  -- to become a mutual bank holding company and a stock bank holding company, respectively, and to acquire Butler Bank.
-Approved, February 3, 2006 

Secretary
Cullen/Frost Bankers, Inc., San Antonio, Texas  -- to acquire Alamo Corporation of Texas, Alamo; Alamo Corporation of Delaware, Wilmington, Delaware; and Alamo Bank of Texas, Alamo.
-Approved, February 3, 2006 

St. Louis
Illinois Bancshares, Inc., Karnak, Illinois  -- to become a bank holding company and to acquire 96.5 percent of the shares of The First State Bank of Grand Chain, Grand Chain.
-Withdrawn, February 2, 2006 

Dallas
Mesquite Financial Services, Inc., Alice, Texas  -- to acquire Nichols Bancshares, Inc., Kenedy, and thereby acquire JM Nichols, Wilmington, Delaware, and First-Nichols National Bank, Kenedy.
-Approved, February 1, 2006 

Chicago
Mid-Iowa Bancshares Co., Algona, Iowa  -- to engage in extending credit and servicing loans.
-Approved, February 3, 2006 

Secretary
New York Community Bancorp, Inc., Westbury, New York  -- commenter's request to extend the comment period on the application to acquire Long Island Financial Corp., Islandia.
-Denied, February 3, 2006 

Kansas City
Norton Bankshares, Inc., Norton, Kansas  -- waiver of application to merge with First Bancshares of Hoxie, Inc., Hoxie, in connection with the merger of their subsidiaries, First National Bank of Hoxie and First State Bank, Norton.
-Withdrawn, January 31, 2006 

Secretary
Pinnacle Financial Partners, Inc., Nashville, Tennessee  -- to acquire Cavalry Bancorp, Inc., Murfreesboro, and Cavalry Banking.
-Approved, February 3, 2006 

Kansas City
Tonganoxie Bankshares, Inc., Tonganoxie, Kansas  -- to acquire 53 percent of the shares of Overbrook Bankshares, Inc., Overbrook, parent of First Security Bank.
-Approved, February 2, 2006 

Atlanta
Upper Cumberland Bancshares, Inc., Byrdstown, Tennessee, and Employee Stock Ownership Trust of People's Bank and Trust Company of Pickett County  -- to acquire People's Bank and Trust Company of Clinton County, Albany, Kentucky, a de novo bank.
-Withdrawn, January 30, 2006 

Secretary
Wells Fargo & Company, San Francisco, California  -- to acquire Martinius Corporation, Rogers, Minnesota, and its subsidiary, State Bank of Rogers.
-Approved, January 30, 2006 

Bank Premises

Richmond
Citizens Bank and Trust Company, Blackstone, Virginia  -- to increase its investment in bank premises.
-Approved, February 1, 2006 

Change In Bank Control

New York
CGD USA Holding Company, Inc., New York, New York  -- change in bank control.
-Withdrawn, February 3, 2006 

Dallas
Citizens Bankshares of Springhill, Inc., Springhill, Louisiana  -- to retain control of Citizens Bankshares of Springhill, Inc.
-Permitted, February 1, 2006 

Cleveland
New Richmond Bancorporation, New Richmond, Ohio  -- change in bank control.
-Permitted, January 30, 2006 

Competitive Factors Reports

Boston
Bridgewater Savings Bank, Raynham, Massachusetts  -- report on competitive factors of the proposed purchase of certain assets and assumption of certain liabilities of the Carver branch of South Coastal Bank, Rockland.
-Submitted, January 30, 2006 

Secretary
Citizens Business Bank, Ontario, California  -- report on competitive factors of the proposed merger with Community Trust Deed Services, Colton.
-Submitted, January 31, 2006 

Secretary
Citizens Business Bank, Ontario, California  -- report on competitive factors of the proposed merger with Golden West Enterprises, Inc., Costa Mesa.
-Submitted, January 31, 2006 

San Francisco
Santa Lucia Bank, Atascadero, California  -- report on competitive factors of the proposed merger with Santa Lucia Merger Corp.
-Submitted, January 31, 2006 

Minneapolis
Security State Bank of North Dakota, Hannaford, North Dakota  -- report on competitive factors of the proposed merger with Centennial National Bank, Walker, Minnesota.
-Submitted, February 1, 2006 

New York
Skylands Community Bank, Hackettstown, New Jersey  -- report on competitive factors of the proposed purchase of certain assets and assumption of certain liabilities of the Hope branch of Lakeland Bank, Newfoundland.
-Submitted, February 2, 2006 

Dallas
Texas Bank and Trust Company, Longview, Texas  -- report on competitive factors of the proposed acquisition of the Terrell branch of NexBank, SSB, Dallas.
-Submitted, February 2, 2006 

Extensions Of Time

Secretary
Citibank, N.A., New York, New York  -- extension of time for its subsidiaries, Citibank Overseas Investment Corporation, New Castle, Delaware, and Citicorp Finance (Thailand) Limited, Bangkok, Thailand, to divest their interests in certain properties acquired in settlement of debts previously contracted.
-Granted, February 1, 2006 

Financial Holding Companies

San Francisco
South Valley Bancorp, Inc., Klamath Falls, Oregon  -- election to become a financial holding company.
-Effective, February 3, 2006 

Regulations And Policies

FOMC
Short-term Interest Rates  -- increase in the target for the federal funds rate from 4-1/4 percent to 4-1/2 percent.
-Approved, January 31, 2006 


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