FRB: H.2--Actions under delegated authority--Week ending February 28, 2009

Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at 1452 Buck Road, Northampton Township, Pennsylvania.
-Approved, February 26, 2009

SunTrust Bank, Atlanta, Georgia -- to establish branches at 5420 West Fayetteville Road, College Park; 1628 Cumming Highway, Canton; 12737 Tamiami Trail East, Naples, Florida; and 5795 North Airport Road.
-Approved, February 25, 2009

Bank Holding Companies

Citizens Bancorp, Corvallis, Oregon -- relief from a commitment.
-Granted, February 26, 2009

Community Bank Investors of America, LP, Richmond, Virginia, and FA Capital, LLC -- to acquire shares of Gateway Bank, FSB, San Francisco, California.
-Approved, February 27, 2009

Eastwood Financial Corporation Employee Profit Sharing and Stock Ownership Plan, Rochester, Minnesota -- to become a bank holding company and to increase its ownership of Eastwood Financial Corporation, Rochester, and thereby acquire Eastwood Bank, Kasson.
-Approved, February 23, 2009

Franklin Resources, Inc., San Mateo, California -- to acquire an interest in CIT Group, Inc., New York, New York, and CIT Bank, Salt Lake City, Utah.
-Approved, February 24, 2009

Freeport Bancshares, Inc., Freeport, Illinois -- to acquire Community Redevelopment, LLC, Freeport, and thereby engage in extending credit and servicing loans.
-Approved, February 23, 2009

GMAC LLC, Detroit, Michigan -- to retain shares of Capmark Financial Group, Inc., Horsham, Pennsylvania, and thereby retain control of Capmark Bank, Midvale, Utah, and Escrow Bank USA, an industrial bank.
-Withdrawn, February 27, 2009

Independent Bank Corp., Rockland, Massachusetts -- to merge with Benjamin Franklin Bancorp, Inc., Franklin, and thereby acquire Benjamin Franklin Bank.
-Approved, February 25, 2009

Intesa Sanpaolo S.p.A., Turin, Italy -- to engage in certain nonbanking activities conducted through Banca IMI Securities Corp., New York, New York.
-Approved, February 25, 2009

Live Oak Bancshares, Inc., Wilmington, North Carolina -- to become a bank holding company and to acquire Live Oak Banking Company, Wilmington.
-Approved, February 27, 2009

Manhattan Banking Corporation, Manhattan, Kansas -- to retain shares of BOTS, Inc., Topeka, parent company of Vision Bank.
-Approved, February 27, 2009

Manhattan Banking Corporation, Manhattan, Kansas -- to retain shares of Sonoran Bank, National Association, Phoenix, Arizona.
-Approved, February 27, 2009

Banks, State Member

Chesapeake Bank, Kilmarnock, Virginia -- to increase its investment in bank premises.
-Approved, February 27, 2009

Change In Bank Control

American Gateway Financial Corporation, Port Allen, Louisiana -- to retain control of American and its subsidiary bank, American Gateway Bank, Baton Rouge.
-Permitted, February 23, 2009

CapitalSouth Bancorp, Birmingham, Alabama -- change in bank control of CapitalSouth and its subsidiary bank, CapitalSouth Bank, Birmingham.
-Permitted, February 23, 2009

Extensions Of Time

Yadkin Valley Financial Corporation, Elkin, North Carolina -- extension to June 1, 2009, to acquire American Community Bancshares, Inc., Monroe, and thereby acquire American Community Bank.
-Granted, February 27, 2009

Financial Holding Companies

Four Oaks Fincorp, Inc., Four Oaks, North Carolina -- election to become a financial holding company.
-Effective, February 23, 2009

South Central Bancshares of Kentucky, Inc., Glasgow, Kentucky -- election to become a financial holding company.
-Effective, February 25, 2009

Actions under delegated authority

Actions taken during the week ending February 28, 2009

Bank Branches, Domestic

Bank Holding Companies

Banks, State Member

Change In Bank Control

Extensions Of Time

Financial Holding Companies