Actions under delegated authority

Actions taken during the week ending March 31, 2012

Bank Branches, Domestic

Minneapolis

First Interstate Bank, Billings, Montana -- to establish a branch at 2850 Old Hardin Road, Billings.
-Approved, March 29, 2012

Bank Holding Companies

San Francisco

Carpenter Fund Manager Group, LLC, Irvine, California -- modification of certain commitments.
-Approved, March 30, 2012

Cleveland

Heritage Bancorp, Inc., Burlington, Kentucky -- waiver of application to acquire Commonwealth Trust Bancorp, Inc., Walton, in connection with the merger of their respective subsidiary banks, Heritage Bank, Inc., Erlanger, and Farmers National Bank, Walton.
-Granted, March 29, 2012

Secretary

SCBT Financial Corporation, Columbia, South Carolina -- to merge with Peoples Bancorporation, Inc., Easley, and thereby acquire its subsidiary banks, The Peoples National Bank; Bank of Anderson, N.A., Anderson; and Seneca National Bank, Seneca.
-Approved, March 30, 2012

Dallas

UTB Financial Holding Company, Dallas, Texas -- to become a bank holding company and to acquire United Texas Bank, Dallas.
-Approved, March 26, 2012

Bank Mergers

Secretary

1st United Bank, Boca Raton, Florida -- to merge with Anderen Bank, Palm Harbor (supplement to approval for 1st United Bancorp, Inc., Boca Raton, to acquire Anderen Financial, Inc., Palm Harbor, and Anderen Bank on February 3, 2012).
-Confirmed, March 28, 2012
(A/C)

International Operations

Director, BS&R

Citigroup Inc., New York, New York -- request for extension to retain certain properties.
-Granted, March 28, 2012

Membership

Chicago

First Heritage Bank, Shenandoah, Iowa -- to become a member of the Federal Reserve System.
-Approved, March 28, 2012

Savings and Loan Holding Companies

Director, BS&R

General Electric Company, Fairfield, Connecticut -- temporary relief for General Electric and its intermediate savings and loan holding companies, General Electric Capital Corporation, Norwalk, and GE Consumer Finance Inc., Stamford, from complying with certain regulatory reporting requirements.
-Granted, March 30, 2012

Kansas City

Lincoln Federal Bancorp, Inc., Lincoln, Nebraska, and Lincoln Federal Bancorp M.H.C. -- to engage in real estate development activities through Stone Bridge Creek, L.L.C., Lincoln, following the transfer of Stone Bridge Creek to Lincoln Federal Bancorp.
-Approved, March 29, 2012