FRB: H.2--Actions under delegated authority--Week ending February 11, 2017

Banco Popular North America, New York, New York -- to establish a branch at 71-24 Austin Street, Forest Hills.
-Approved, February 10, 2017

Orrstown Bank, Shippensburg, Pennsylvania -- to establish branches at 1601 Manheim Pike, Lancaster, and 301 West Main Street, New Holland (two applications).
-Approved, February 6, 2017

Peapack-Gladstone Bank, Bedminster, New Jersey -- to establish a mobile branch to serve Essex, Hunterdon, Morris, Somerset, Union, and Hudson Counties and portions of Middlesex County.
-Withdrawn, February 7, 2017

Univest Bank and Trust Co., Souderton, Pennsylvania -- to establish a branch at 216 Hartman Bridge Road, Strasburg (Ronks).
-Approved, February 9, 2017

Bay Banks of Virginia, Inc., Kilmarnock, Virginia -- to acquire Virginia BanCorp, Inc., Petersburg, and thereby indirectly acquire Virginia Commonwealth Bank; and for Bay Banks of Virginia's subsidiary, Bank of Lancaster, Kilmarnock, to merge with Virginia Commonwealth Bank and thereby establish branches.
-Approved, February 10, 2017

Farmers Bankshares, Inc., Windsor, Virginia -- to indirectly acquire an interest in Tidewater Home Funding, LLC, Chesapeake, and thereby engage in nonbanking activities.
-Approved, February 9, 2017

Home BancShares, Inc., Conway, Arkansas -- to acquire Bank of Commerce, Sarasota, Florida.
-Approved, February 7, 2017

Salem Five Bancorp, Salem, Massachusetts -- waiver of application to acquire Georgetown Bancorp, Inc., Georgetown, in connection with the merger of their subsidiary savings banks, Georgetown Bank with and into Salem Five Cents Savings Bank, Salem.
-Granted, February 8, 2017

Wilcox Bancshares, Inc., Grand Rapids, Minnesota -- commitment relief request.
-Granted, February 9, 2017

Centennial Bank, Conway, Arkansas -- to merge with Bank of Commerce, Sarasota, Florida, and to retain the acquired facilities as branches.
-Approved, February 7, 2017

Ally Bank, Midvale, Utah -- to make certain public welfare investments.
-Approved, January 31, 2017
(A/C)

Ally Bank, Midvale, Utah -- to make certain public welfare investments.
-Approved, February 7, 2017

Grace Investment Company, Inc., Alva, Oklahoma -- change in bank control of Grace Investment Company and its subsidiaries, Alva State Bank and Trust, Alva; First National Bank in Okeene, Okeene; and The First State Bank, Kiowa, Kansas.
-Permitted, February 7, 2017

Magnolia Banking Corporation, Magnolia, Arkansas -- change in bank control of Magnolia Banking Corporation and its subsidiary, Farmers Bank & Trust Company, Magnolia.
-Permitted, February 10, 2017

Osborne Investments, Inc., Osborne, Kansas -- change in bank control of Osborne Investments, Inc., and its subsidiary, The Farmers Bank of Osborne, Osborne.
-Permitted, February 10, 2017

Community First Bancshares, MHC, Covington, Georgia -- for Community First Bancshares, MHC, to become a mutual savings and loan holding company and for Community First Bancshares, Inc., Covington, to become a mid-tier stock savings and loan holding company by acquiring Newton Federal Bank, in connection with its conversion from mutual to stock form.
-Approved, February 10, 2017

Actions under delegated authority

Actions taken during the week ending February 11, 2017

Bank Branches, Domestic

Bank Holding Companies

Bank Mergers

Banks, State Member

Change in Bank Control

Savings and Loan Holding Companies