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 January 17, 2009


Bank Branches, Domestic

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 21403 Cicero Avenue, Matteson, Illinois.
-Approved, January 14, 2009 

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 11281 Ulmerton Road, Largo, Florida.
-Approved, January 14, 2009 

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at the southeast corner of Miramar Parkway and Flamingo Road, Miramar, Florida.
-Approved, January 14, 2009 

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at the southwest corner of Woolbright Road and Jog Road, Boynton Beach, Florida.
-Approved, January 14, 2009 

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 2051 East Laraway Road, New Lenox, Illinois.
-Approved, January 14, 2009 

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 28 Orland Square Drive, Orland Park, Illinois.
-Approved, January 14, 2009 

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 275 South Weber Road, Romeoville, Illinois.
-Approved, January 14, 2009 

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 2443 Ocoee Apopka Road, Ocoee, Florida.
-Approved, January 14, 2009 

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at 845 South Elmhurst Road, Des Plaines, Illinois.
-Approved, January 14, 2009 

Cleveland
Fifth Third Bank, Grand Rapids, Michigan  -- to establish a branch at the northwest corner of Bee Ridge Road and Beneva Road, Sarasota, Florida.
-Withdrawn, January 15, 2009 

Richmond
Union Bank and Trust Company, Bowling Green, Virginia  -- to establish a branch at 8983 Staples Mill Road, Richmond.
-Approved, January 12, 2009 

Bank Holding Companies

Atlanta
First Trust Corporation, New Orleans, Louisiana, and First Bank and Trust  -- to acquire Globe Bancorp, Inc., Metairie, and its subsidiary, Globe Homestead Savings Bank, FSA, and thereby engage in operating a savings association.
-Approved, January 15, 2009 

Chicago
Freeport Bancshares, Inc., Freeport, Illinois  -- to acquire Community Redevelopment, LLC, Freeport, and thereby engage in extending credit and servicing loans.
-Withdrawn, January 16, 2009 

Dallas
Marion Bancshares, Inc., Marion, Texas  -- to become a bank holding company and to acquire Marion State Bank, Marion.
-Approved, January 12, 2009 

New York
Shinhan Bank America New York, New York  -- waiver of application to acquire The Bank of Vernon, Vernon, Texas, in connection with the merger of the two banks and establishment of a branch in Dallas under Bank of Vernon's charter.
-Granted, January 12, 2009 

San Francisco
Silvergate Capital Corporation, La Jolla, California  -- to become a bank holding company on the conversion of Silvergate Bank, La Jolla, from an industrial bank to a commercial bank.
-Approved, January 14, 2009 

Atlanta
SunSouth Bancshares, Inc., Dothan, Alabama  -- relief from a commitment.
-Granted, January 15, 2009 

Banks, Foreign

Director, BS&R
DekaBank Deutsche Girozentrale, Frankfurt am Main, Germany  -- to establish a representative office in New York, New York.
-Approved, January 13, 2009 

Banks, National

Director, BS&R
HSBC Bank USA, National Association, McLean, Virginia  -- request for exemptions from section 23A of the Federal Reserve Act and Regulation W to acquire automobile loans, retail installment contracts, and certain credit card receivables and related securitization interests from several subsidiaries of its affiliate, HSBC Finance Corporation, Mettawa, Illinois.
-Granted, January 14, 2009 

Banks, Nonmember, And Miscellaneous Institutions

Director, BS&R
GE Money Bank, Salt Lake City, Utah  -- request for an exemption from section 23A of the Federal Reserve Act and Regulation W to purchase consumer loan receivables from an affiliate, GE Consumer Finance, Inc., Stamford, Connecticut.
-Granted, January 12, 2009 

Change In Bank Control

Minneapolis
Community Pride Bank Corporation, Ham Lake, Minnesota  -- change in bank control of Community Pride Bank Corporation and its subsidiary bank, Community Pride Bank, Isanti.
-Permitted, January 16, 2009 

Atlanta
FMB Banking Corporation, Monticello, Florida  -- change in bank control of FMB Banking and its subsidiary bank, Farmers & Merchants Bank, Monticello.
-Permitted, January 12, 2009 

Extensions Of Time

Chicago
Grundy Bank, Morris, Illinois  -- extension to April 27, 2009, to establish a branch at 2650 East Division Street, Diamond.
-Granted, January 13, 2009 

Chicago
M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin  -- extension to April 2, 2009, to establish branches at the corner of 135th Street and Fontana Avenue, Leawood, Kansas, and the corner of Rogers Drive and Commerce Boulevard, Rogers, Minnesota.
-Granted, January 15, 2009 

San Francisco
Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan  -- extension to January 6, 2011, to acquire shares of Morgan Stanley, New York, New York, and indirectly its subsidiaries, Morgan Stanley Capital Management LLC; Morgan Stanley Domestic Holdings, Inc.; and Morgan Stanley Bank, N.A., Salt Lake City, Utah; and to acquire an indirect interest in Morgan Stanley Trust, Jersey City, New Jersey, and Morgan Stanley Trust, N.A., Wilmington, Delaware.
-Granted, January 6, 2009  (AC)

Richmond
Old Line Bank, Bowie, Maryland  -- extension to July 15, 2009, to establish a branch at 12100 Annapolis Road, Glenn Dale.
-Granted, January 13, 2009 

Philadelphia
Reliance Bancorp, MHC (in formation), Altoona, Pennsylvania, and Reliance Bancorp, Inc. (in formation)  -- extension to April 22, 2009, to become bank holding companies in connection with the reorganization of Reliance Savings Bank, Altoona, from a state-chartered mutual savings bank to a stock savings bank.
-Granted, January 15, 2009 

Kansas City
The Citizens Bank of Edmond, Edmond, Oklahoma  -- extension to April 19, 2009, to establish a branch at the southwest corner of Pennsylvania Avenue and 164th Street, Oklahoma City.
-Granted, January 16, 2009 

Membership

Atlanta
Security Federal Savings Bank of McMinnville, McMinnville, Tennessee  -- to become a member of the Federal Reserve System.
-Withdrawn, January 16, 2009 

Regulations And Policies

Secretary
Regulation CC (Availability of Funds and Collection of Checks)  -- technical amendments to appendix A to reflect the restructuring of check processing operations in the Richmond and Atlanta Federal Reserve Districts.
-Approved, January 16, 2009 


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