FRB: H.2--Actions under delegated authority--Week ending July 29, 2006

1st Source Bank, South Bend, Indiana -- to establish a branch at 450 State Road 23, Granger.
-Approved, July 24, 2006

Ameristate Bank, Atoka, Oklahoma -- to establish a branch at 4322 Loy Lake Road, Sherman, Texas, and to increase its investment in bank premises.
-Approved, July 24, 2006

AmSouth Bank, Birmingham, Alabama -- to establish branches at 1310 Lakeside Village Circle, Lakeland, Florida; and at the intersection of Park Boulevard and 74th Street, Pinellas Park.
-Approved, July 28, 2006

BankEast, Knoxville, Tennessee -- to establish branches at 5248 North Broadway, and at 826 East Lamar Alexander Parkway, Maryville.
-Approved, July 27, 2006

Citizens Security Bank & Trust Company, Bixby, Oklahoma -- to establish a branch at 10051 South Yale Avenue, Suite 203, Tulsa, and to increase its investment in bank premises.
-Approved, July 24, 2006

East West Bank, Pasadena, California -- to establish a branch at 135 North Los Robles Avenue.
-Approved, July 26, 2006

FirsTier Bank, Wyoming, Upton, Wyoming -- to establish a branch at 612 Pine Street.
-Approved, July 25, 2006

M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin -- to establish a branch at Yuma and Watson Roads, Buckeye, Arizona.
-Approved, July 27, 2006

Peoples Bank, Lubbock, Texas -- to establish a courier service branch from its main office at 5820 82nd Street to conduct business in Lubbock County.
-Approved, July 26, 2006

Planters Bank & Trust Company of Virginia, Staunton, Virginia -- to establish a branch at 1391 South High Street, Harrisonburg.
-Approved, July 24, 2006

RBC Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 4499 Weston Road, Weston, Florida.
-Approved, July 27, 2006

RBC Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 650 South Alafaya Trail, Orlando, Florida.
-Approved, July 27, 2006

RBC Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 4309 West Lake Mary Boulevard, Lake Mary, Florida.
-Approved, July 27, 2006

RBC Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 1021 Ewall Street, Mt. Pleasant, South Carolina.
-Approved, July 27, 2006

RBC Centura Bank, Rocky Mount, North Carolina -- to establish a branch at 1758 Jones Bridge Road, Alpharetta, Georgia.
-Approved, July 27, 2006

Second Bank & Trust, Culpeper, Virginia -- to establish a branch at 1924 Arlington Boulevard, Charlottesville.
-Approved, July 24, 2006

SunTrust Bank, Atlanta, Georgia -- to establish a branch at 601 Signal Mountain Road, Chattanooga, Tennessee.
-Approved, July 28, 2006

Virginia Heritage Bank, Fairfax, Virginia -- to establish a branch at 7905 Heritage Village Plaza, Gainesville.
-Approved, July 27, 2006

Waccamaw Bank, Whiteville, North Carolina -- to establish a branch at 923 Seaside Road Southwest, Ocean Isle Beach.
-Approved, July 26, 2006

Bank Holding Companies

The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York -- to acquire 50 additional shares of 473 Broadway Holding Corporation and 1,000 additional shares of The Adirondack Trust Company.
-Approved, July 28, 2006

Alabama National BanCorporation, Birmingham, Alabama -- to acquire The PB Financial Services Corporation, Duluth, Georgia, and its subsidiary, The Peachtree Bank.
-Approved, July 24, 2006

Cadence Financial Corporation, Starkville, Mississippi -- waiver of application to acquire Seasons Bancshares, Inc., Blairsville, Georgia, and Seasons Bank; and for Seasons Bank to merge with Cadence Financial Corporation's subsidiary, Cadence Bank, N.A., Starkville.
-Granted, July 27, 2006

CenterBank, Inc., Jacksonville, Florida -- relief from a commitment.
-Granted, July 28, 2006

Conestoga Bancorp, Inc., King of Prussia, Pennsylvania, -- to become a bank holding company and to acquire Conestoga Bank, a de novo bank.
-Approved, July 27, 2006

Eagle Bancorp, Inc., Bethesda, Maryland -- to engage de novo in making loans secured by real estate.
-Approved, July 26, 2006

Farmers & Merchants Financial Corporation, Ashland, Nebraska -- to become a bank holding company and to acquire The Farmers & Merchants National Bank of Ashland.
-Approved, July 28, 2006

The First Bancshares, Inc., Hattiesburg, Mississippi -- waiver of application in connection with the acquisition of First National Bank of Wiggins, Wiggins.
-Withdrawn, July 27, 2006

First Commonwealth Financial Corporation, Indiana, Pennsylvania -- waiver of application in connection with the acquisition of Laurel Capital Group, Inc., Allison, and its subsidiary, Laurel Savings Bank.
-Granted, July 27, 2006

Hatton Bancshares, Inc., Fargo, North Dakota -- to become a bank holding company and to acquire Farmers & Merchants National Bank of Hatton, Hatton.
-Approved, July 24, 2006

Hometown Bancorp of Alabama, Inc., Oneonta, Alabama -- to become a bank holding company and to acquire The HomeTown Bank of Alabama.
-Approved, July 28, 2006

Ohnward Bancshares, Inc., Maquoketa, Iowa -- to acquire United Security Financial Corporation, Cedar Rapids, and thereby acquire United Security Savings Bank and operate a savings association.
-Approved, July 28, 2006

PCNB Corp, McComb, Mississippi -- to become a bank holding company and to acquire Pike County National Bank.
-Approved, July 24, 2006

UMB Financial Corporation, Kansas City, Missouri -- waiver of application in connection with the merger of UMB Bank Colorado, N.A., Denver, Colorado, with Mountain States Bank.
-Granted, July 27, 2006

Bank Mergers

First Farmers Bank & Trust, Converse, Indiana -- to purchase certain assets and assume certain liabilities of the Culver, Knox, and North Judson, Indiana, branches of Fifth Third Bank, Grand Rapids, Michigan, and thereby establish branches.
-Approved, July 27, 2006

Change In Bank Control

Valley Commerce Bancorp, Visalia, California -- change in bank control.
-Withdrawn, July 24, 2006

Competitive Factors Reports

AmFirst Bank, National Association, McCook, Nebraska -- report on competitive factors of the proposed merger with State Bank, Benkelman.
-Submitted, July 24, 2006

The Bank of Marion, Marion, Illinois -- report on competitive factors of the proposed merger with C.P. Burnett & Sons, Bankers, Eldorado.
-Submitted, July 25, 2006

Branch Banking and Trust Company, Winston-Salem, North Carolina -- report on competitive factors of the proposed merger with The Bank/First Citizens Bank, Cleveland, Tennessee.
-Submitted, July 24, 2006

Branch Banking and Trust Company, Winston-Salem, North Carolina -- report on competitive factors of the proposed merger with The Home Bank, Ducktown, Tennessee.
-Submitted, July 24, 2006

Branch Banking and Trust Company, Winston-Salem, North Carolina -- report on competitive factors of the proposed merger with The Home Bank of Tennessee, Maryville, Tennessee.
-Submitted, July 24, 2006

Citibank, N.A., New York, New York -- report on competitive factors of the proposed merger with Citicorp Trust, National Association, Los Angeles, California.
-Submitted, July 28, 2006

First Federal Savings Bank, Evansville, Indiana -- report on competitive factors of the proposed merger with Home Building Savings Bank, F.S.B., Washington.
-Submitted, July 28, 2006

The First, A National Banking Association, Hattiesburg, Mississippi -- report on competitive factors of the proposed acquisition of First National Bank of Wiggins, Wiggins.
-Submitted, July 26, 2006

Morton Community Bank, Morton, Illinois -- report on competitive factors of the proposed merger with Peoples State Bank, Manito.
-Submitted, July 24, 2006

North Shore Bank, F.S.B., Brookfield, Wisconsin -- report on competitive factors of the proposed merger with Prime Financial Credit Union, Cudahy.
-Submitted, July 24, 2006

The Park National Bank, Newark, Ohio -- report on competitive factors of the proposed merger with The Park National Bank of Kentucky, Florence, Kentucky, in organization.
-Submitted, July 27, 2006

Smithfield State Bank of Smithfield, Pennsylvania, Smithfield, Pennsylvania -- report on competitive factors of the proposed merger with Centra Bank-Smithfield.
-Submitted, July 27, 2006

Superior Bank, Birmingham, Alabama -- report on competitive factors of the proposed merger with Community Bank, Blountsville.
-Submitted, July 26, 2006

Wescom Credit Union, Pasadena, California -- report on competitive factors of the proposed purchase of assets and assumption of liabilities of the San Diego branch of Pacific Capital Bank, National Association, Santa Barbara.
-Submitted, July 24, 2006

Extensions Of Time

Berkshire Bancorp, Inc., Wyomissing, Pennsylvania -- extension to October 1, 2006, to become a bank holding company and to acquire Berkshire Bank.
-Granted, July 26, 2006

The Farmers State Bank of Fort Morgan Colorado Employe Stock Ownership Plan, Fort Morgan, Colorado -- extension to November 17, 2006, to acquire up to 38 percent of the shares of F.S.B. Bancorporation of Fort Morgan, Colorado, parent of Farmers State Bank of Fort Morgan.
-Granted, July 25, 2006

Membership

Investors Bank & Trust Company, Boston, Massachusetts -- to become a member of the Federal Reserve System.
-Approved, July 27, 2006

Regulations And Policies

Federal Open Market Committee -- minutes of the meeting on June 28-29, 2006.
-Published, July 20, 2006 (AC)

Actions under delegated authority

Actions taken during the week ending July 29, 2006

Bank Branches, Domestic