FRB: H.2--Actions under delegated authority--Week ending May 15, 2010

Fifth Third Bank, Cincinnati, Ohio -- to establish a temporary branch at Highland Meadows Golf Club, 7455 Erie Street, Sylvania, to operate from June 28 through July 4, 2010.
-Approved, May 14, 2010

Bank Holding Companies

Community Bank Partners, Inc., Denver, Colorado -- to become a bank holding company and to acquire The Palisades National Bank, Palisade.
-Approved, May 14, 2010

Granvalor Holding, Ltd., Tortola, British Virgin Islands -- to acquire additional shares of International Bancorp of Miami, Inc., Coral Gables, Florida, and Bank of Miami, N.A.
-Approved, May 12, 2010

Lake Central Financial, Inc., Annandale, Minnesota -- to engage de novo in extending credit and servicing loans.
-Approved, May 12, 2010

Validus Holdings, LLLP, Tampa, Florida -- to become a bank holding company and to acquire shares of GulfShore Bancshares, Inc., Tampa, and GulfShore Bank.
-Approved, May 14, 2010

Bank Mergers

Arvest Bank, Fayetteville, Arkansas -- to purchase the assets and assume the deposit liabilities of Southwest Community Bank, Springfield, Missouri, and thereby establish a branch.
-Withdrawn, May 13, 2010

The Bank of New York Mellon, New York, New York -- to assume certain deposit liabilities of Arcus Bank, Salt Lake City, Utah.
-Approved, May 10, 2010

Banks, Foreign

Land Bank of Taiwan, Taipei, Taiwan -- waiver of remainder of notification period to establish a limited branch in New York, New York.
-Granted, May 10, 2010

Change in Bank Control

Fidelity Banc Corporation, Dodge City, Kansas -- to retain control of Fidelity and its subsidiary bank, The Fidelity State Bank & Trust Company, Dodge City.
-Permitted, May 11, 2010

Palm Bancorp, Inc., Tampa, Florida -- change in bank control of Palm and its subsidiary bank, The Palm Bank, Tampa.
-Withdrawn, May 13, 2010

Extensions of Time

Cabool State Bank Employee Stock Ownership Plan, Cabool, Missouri -- extension to August 25, 2010, to increase its ownership of Cabool Bancshares, Inc., Cabool, and thereby increase its indirect control of Cabool State Bank.
-Granted, May 13, 2010

Financial Holding Companies

Tri-State 1st Banc Inc., East Liverpool, Ohio -- election to become a financial holding company.
-Effective, May 10, 2010

Membership

First National Bank & Trust of Fullerton, Fullerton, Nebraska -- to retain membership in the Federal Reserve System on conversion to a state-chartered bank, First Bank & Trust of Fullerton.
-Approved, May 10, 2010

Reserve Bank Operations

Federal Reserve Bank of Dallas -- to proceed with construction of an inspection and screening facility behind the Reserve Bank's head office.
-Approved, May 10, 2010

Actions under delegated authority

Actions taken during the week ending May 15, 2010

Bank Branches, Domestic