FRB: H.2--Actions under delegated authority--Week ending September 23, 2006

Clear Lake Bank and Trust Company, Clear Lake, Iowa -- to establish a branch in the 2900 block of 4th Street Southwest, Mason City.
-Approved, September 22, 2006

Compass Bank, Birmingham, Alabama -- to establish branches at the intersections of Taylor and Vaughn Roads, Montgomery; West Magee Road and North LaCholla Boulevard, Tucson, Arizona; Central Avenue East and Tramway Boulevard Northeast, Albuquerque, New Mexico; Highway 287 and Bailey Boswell Road, Fort Worth, Texas; and Bandera and Grissom Roads, San Antonio.
-Approved, September 19, 2006

DeMotte State Bank, De Motte, Indiana -- to establish a branch at 211 West Drexel Parkway, Rensselaer.
-Approved, September 19, 2006

Farmers & Mechanics Bank, Frederick, Maryland -- to establish a branch at 12916 Conamar Drive, Hagerstown.
-Withdrawn, September 22, 2006

Fifth Third Bank, Cincinnati, Ohio -- to establish a branch at 20 South Tuttle Road, Springfield.
-Approved, September 20, 2006

Fifth Third Bank, Cincinnati, Ohio -- to establish a branch at 5750 North Main Street, Dayton.
-Approved, September 20, 2006

Fifth Third Bank, Grand Rapids, Michigan -- to establish a branch at 1950 West 33rd Street, Chicago, Illinois.
-Approved, September 20, 2006

Fifth Third Bank, Grand Rapids, Michigan -- to establish a branch at 7770 66th Street, Pinellas Park, Florida.
-Approved, September 20, 2006

Fifth Third Bank, Grand Rapids, Michigan -- to establish a branch at 2644 Showplace Drive, Naperville, Illinois.
-Approved, September 20, 2006

First Community Bank, Taos, New Mexico -- to establish a branch at 701 West Deer Valley Road, Phoenix, Arizona.
-Approved, September 21, 2006

First Community Bank, Taos, New Mexico -- to establish a branch at 1580 North Fiesta Boulevard, Suite 102, Gilbert, Arizona.
-Withdrawn, September 21, 2006

Hinsbrook Bank and Trust, Willowbrook, Illinois -- to establish a branch at 311 North Second Street, St. Charles.
-Approved, September 18, 2006

Lafayette Ambassador Bank, Easton, Pennsylvania -- to establish a branch at the intersection of North Third and East Landis Streets, Coopersburg.
-Approved, September 18, 2006

Monarch Bank, Chesapeake, Virginia -- to establish a branch at 150 Boush Street, Norfolk.
-Approved, September 20, 2006

Orion Bank, Naples, Florida -- to establish a branch at 2225 First Street, Fort Myers.
-Approved, September 20, 2006

Regions Bank, Birmingham, Alabama -- to establish a branch at 3700 Glenwood Avenue, Raleigh, North Carolina.
-Approved, September 19, 2006

Union Bank and Trust Company, Bowling Green, Virginia -- to establish a branch at 11163 Nuckols Road, Glen Allen.
-Approved, September 20, 2006

Bank Holding Companies

Capitol Bancorp Ltd., Lansing, Michigan, and Capitol Development Bancorp Limited V -- to acquire 51 percent of the shares of 1st Commerce Bank, North Las Vegas, Nevada, a de novo bank.
-Approved, September 20, 2006

F. & M. Bancorp. of Tomah, Inc., Tomah, Wisconsin -- to purchase certain loans originated by Farmers & Merchants Bank of Tomah.
-Approved, September 22, 2006

First Baldwin Bancshares, Inc., Foley, Alabama -- to become a bank holding company and to acquire First National Bank of Baldwin County.
-Approved, September 19, 2006

Graystone Financial Corp, Lancaster, Pennsylvania -- to become a bank holding company and to acquire Graystone Bank.
-Approved, September 21, 2006

Industry Bancshares, Inc., Industry, Texas; and Industry Holdings, Inc., Wilmington, Delaware -- to acquire Community Bancorporation, Inc., Bellville, Texas, and indirectly acquire Bellville Holdings, Inc., Wilmington, Delaware, and First National Bank of Bellville, Bellville, Texas.
-Approved, September 20, 2006

The ShoreBank Corporation, Chicago, Illinois -- to acquire Greater Chicago Bank, Bellwood.
-Approved, September 19, 2006

Southern National Bancorp of Virginia, Inc., Charlottesville, Virginia -- waiver of application in connection with the acquisition of 1st Service Bank, McLean, and its merger with Sonabank, National Association, Charlottesville.
-Granted, September 18, 2006

Westpac Banking Corporation, Sydney, Australia -- to engage de novo through Hastings Funds Management (US) Inc., New York, New York, as an investment and financial adviser.
-Approved, September 22, 2006

Change In Bank Control

The Bank Holdings, Reno, Nevada -- change in bank control.
-Permitted, September 22, 2006

Linden Bancshares, Inc., Linden, Texas -- change in bank control.
-Permitted, September 22, 2006

Competitive Factors Reports

First Columbia Bank & Trust Company, Bloomsburg, Pennsylvania -- report on competitive factors of the proposed purchase of assets and assumption of liabilities of two Bloomsburg branches of Keystone Nazareth Bank & Trust Company, Bethlehem.
-Submitted, September 22, 2006

The Frost National Bank, San Antonio, Texas -- report on competitive factors of the proposed merger with Summit Bank, National Association, Fort Worth.
-Submitted, September 20, 2006

ShoreBank, Chicago, Illinois -- report on competitive factors of the proposed merger with Greater Chicago Bank, Bellwood.
-Submitted, September 21, 2006

Extensions Of Time

A.N.B. Holding Company, Ltd., Terrell, Texas -- extension to September 13, 2006, to acquire The ANB Corporation, The ANB Delaware Corporation, and The American National Bank of Texas.
-Granted, June 1, 2006 (AC)

FNB Southeast, Reidsville, North Carolina -- extension to December 22, 2006, to establish a branch at 1001 Military Cutoff Road, Wilmington.
-Granted, September 18, 2006

Oswego Community Bank Employee Stock Ownership Plan, Oswego, Illinois -- extension to December 21, 2006, to increase its ownership from 37.71 percent to 51 percent of Oswego Bancshares, Inc. and thereby increase its ownership in Oswego Community Bank.
-Granted, September 21, 2006

Regions Bank, Birmingham, Alabama -- extension to October 11, 2007, to establish a branch at 4725 South Flamingo Road, Cooper City, Florida.
-Granted, September 19, 2006

Valliance Financial Corp., Oklahoma City, Oklahoma -- extension to December 22, 2006, to become a bank holding company and to acquire Valliance Bank, National Association.
-Granted, September 18, 2006

Financial Holding Companies

Intermountain Community Bancorp, Sandpoint, Idaho -- election to become a financial holding company.
-Effective, September 21, 2006

Membership

Cornerstone Bank, N.A., York, Nebraska -- to retain membership in the Federal Reserve System on conversion from a national charter to a state charter, to be known as Cornerstone Bank.
-Approved, September 20, 2006

Actions under delegated authority

Actions taken during the week ending September 23, 2006