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 April 18, 2009


Bank Branches, Domestic

St. Louis
Arvest Bank, Fayetteville, Arkansas  -- to establish a branch at 1102 North Massey Boulevard, Nixa, Missouri.
-Approved, April 14, 2009 

Bank Holding Companies

Director, BS&R
Bank of America Corporation, Charlotte, North Carolina  -- request for temporary relief from the Board's regulatory reporting requirements for bank holding companies.
-Partially granted, April 13, 2009 

New York
Canandaigua National Corporation, Canandaigua, New York  -- to acquire Canandaigua National Trust Company of Florida, Sarasota, Florida, and thereby engage in trust company activities.
-Approved, April 17, 2009 

New York
Chemung Financial Corporation, Elmira, New York  -- to acquire Canton Bancorp, Inc., Canton, Pennsylvania, and indirectly acquire Bank of Canton.
-Approved, April 17, 2009 

Director, BS&R
CIT Group Inc., New York, New York  -- request for relief from the Board's regulatory reporting requirements for bank holding companies for year-end 2008.
-Granted, February 17, 2009  (AC)

Director, BS&R
CIT Group Inc., New York, New York, and CIT Bank, Salt Lake City, Utah  -- request for an exemption from section 23A of the Federal Reserve Act and Regulation W to allow CIT Bank to acquire CIT Education Loan Trust 2008-BBC; Education Funding Resources III, LLC; and Education Funding Resources, LLC.
-Granted, April 13, 2009 

Chicago
Community State Bank Employee Stock Ownership Plan and Trust, Union Grove, Wisconsin  -- to acquire additional shares of Union Bancorporation, Inc., Union Grove, and thereby increase its interest in Community State Bank.
-Approved, April 16, 2009 

Atlanta
First State Bank of the Florida Keys Holding Company, Key West, Florida  -- to become a bank holding company and to acquire First State Bank of the Florida Keys, Key West.
-Approved, April 14, 2009 

Atlanta
Four County Bancshares, Inc., Allentown, Georgia  -- to acquire shares of Ingleside Financial Group, LLC, Macon, and thereby engage in financial and investment advisory activities.
-Withdrawn, April 16, 2009 

Director, BS&R
GMAC LLC, Detroit, Michigan  -- request for relief from the Board's regulatory reporting requirements for bank holding companies for year-end 2008 and for future reporting periods.
-Partially granted, February 17, 2009  (AC)

Director, BS&R
GMAC LLC, Detroit, Michigan  -- request for temporary relief from the Board's regulatory reporting requirements for bank holding companies.
-Granted, April 13, 2009 

Chicago
Marshall & Ilsley Corporation, Milwaukee, Wisconsin, and M&I LLC  -- to acquire, through M&I Investment Management Corp., all of the assets, liabilities, and business of Delta Asset Management Division of Berkeley Capital Management LLC, San Francisco, California, and thereby engage in financial and advisory activities and agency transactional services.
-Approved, April 14, 2009 

Director, BS&R
Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan  -- modification of certain commitments.
-Granted, April 13, 2009 

Dallas
National Bank & Trust Employee Stock Ownership Plan with 401(k) Provisions, La Grange, Texas  -- to acquire additional shares of First La Grange Bancshares, Inc., La Grange, and thereby increase its interest in National Bank & Trust.
-Approved, April 17, 2009 

Minneapolis
University Financial Corp, Inc., dba Sunrise Community Banks, St. Paul, Minnesota  -- to acquire EastBank, Minneapolis.
-Approved, April 15, 2009 

Bank Mergers

St. Louis
Centennial Bank, Conway, Arkansas  -- to merge with Centennial Bank, Little Rock, and thereby establish branches.
-Approved, April 17, 2009 

St. Louis
Centennial Bank, Conway, Arkansas  -- to purchase certain assets and assume certain liabilities of Twin City Bank, North Little Rock, and thereby establish branches; and for Twin City Bank to establish a new main office at 330 Market Street, Rogers.
-Approved, April 17, 2009 

New York
Chemung Canal Trust Company, Elmira, New York  -- to merge with Bank of Canton, Canton, Pennsylvania.
-Approved, April 17, 2009 

Change In Bank Control

Atlanta
McIntosh Bancshares, Inc., Jackson, Georgia  -- change in bank control of McIntosh and its subsidiary bank, McIntosh State Bank, Jackson.
-Withdrawn, April 17, 2009 

Extensions Of Time

General Counsel
Nara Bancorp, Inc., Los Angeles, California, and Nara Bank  -- extension of an exemption under the Depository Institution Management Interlocks Act and Regulation L.
-Granted, April 14, 2009 

Chicago
PrivateBancorp, Inc., Chicago, Illinois  -- extension to July 17, 2009, to acquire The PrivateWealth Trust Company, a federal savings bank (in organization), Chicago, and thereby operate a savings association.
-Granted, April 15, 2009 

Regulations And Policies

Secretary
Regulation DD (Truth in Savings)  -- technical correction to the aggregate overdraft and returned-item fees sample form included in the amendments published on January 29, 2009.
-Approved, April 14, 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