FRB: H.2--Actions under delegated authority--Week ending January 26, 2008

American Security Bank, Santa Ana, California -- to establish a branch at 16020 Apple Valley Road, Apple Valley.
-Approved, January 24, 2008

Compass Bank, Birmingham, Alabama -- to establish branches at 2872 West Main Street, Dothan, and 1908 29th Avenue South, Homewood.
-Approved, January 25, 2008

Gateway Bank & Trust Co., Elizabeth City, North Carolina -- to establish a branch at 100 Dominion Drive, Emporia, Virginia.
-Approved, January 23, 2008

LegacyTexas Bank, Plano, Texas -- to establish a branch at 750 West Dallas Road, Grapevine.
-Approved, January 24, 2008

Bank Holding Companies

Capitol Bancorp Ltd., Lansing, Michigan -- to acquire shares of Reidsville Community Bank (in organization), Reidsville, North Carolina, and for Capitol Development Bancorp, Limited VII, Lansing, Michigan, to become a bank holding company and to acquire shares of Reidsville Community Bank.
-Approved, January 24, 2008

Capitol Bancorp, Ltd., Lansing, Michigan -- to acquire shares of Pisgah Community Bank (in organization), Asheville, North Carolina, and for Capitol Development Bancorp, Limited VII, Lansing, Michigan, to become a bank holding company and to acquire shares of Pisgah Community Bank.
-Approved, January 24, 2008

Capitol Bancorp, Ltd., Lansing, Michigan -- to acquire shares of Colonia Bank (in organization), Phoenix, Arizona, and for Capitol Development Bancorp Limited VII, Lansing, Michigan, to become a bank holding company and to acquire shares of Colonia Bank.
-Approved, January 22, 2008

Capitol Bancorp, Ltd., Lansing, Michigan, and Capitol Development Bancorp Limited VII -- to acquire shares of Mountain View Bank of Commerce (in organization), Westminster, Colorado, and for Capitol Bancorp Colorado Ltd. II, Lansing, Michigan, to become a bank holding company and to acquire shares of Mountain View Bank of Commerce.
-Approved, January 24, 2008

Carroll Financial Services, Inc., Huntingdon, Tennessee -- to acquire Bradford Bancshares, Inc., Bradford, and thereby indirectly acquire The Bank of Bradford.
-Approved, January 24, 2008

Evolve Financial Group, Inc., Cordova, Tennessee -- to acquire AFS Investment Advisors, Inc., Austin, Texas, and thereby engage in investment advisory activities.
-Returned, January 22, 2008

Heartland Bancshares, Inc., Clinton, Missouri -- to become a bank holding company and to acquire Marshall Community Bancshares, Inc., Marshall, and Community Bank of Marshall.
-Withdrawn, January 25, 2008

Highland Bancshares, Inc., St. Michael, Minnesota -- to acquire Ridgedale State Bank, Minnetonka.
-Approved, January 25, 2008

JSA Family Limited Partnership, Jacksonville, Texas -- waiver of application to acquire Century Capital Financial, Inc., Kilgore, in connection with the merger of their subsidiaries, Austin Bank, Texas National Association, Jacksonville, and City National Bank, Kilgore.
-Granted, January 25, 2008

Labette County Bankshares, Inc., Altamont, Kansas -- waiver of application to acquire Miners Bancshares, Inc., Frontenac, in connection with the merger of their subsidiaries, Labette Bank, Altamont, and The Miners State Bank of Frontenac, Frontenac.
-Granted, January 25, 2008

Peoples Financial Corporation, Biloxi, Mississippi -- to acquire Summit William Bell Apartments, Ltd., Montgomery, Alabama, and thereby engage de novo in community development activities.
-Approved, January 23, 2008

PremierWest Bancorp, Medford, Oregon -- waiver of application to merge with The Stockmans Financial Group, Elk Grove, California, in connection with the merger of their subsidiaries, PremierWest Bank, Medford, Oregon, and The Stockmans Bank, Elk Grove, California.
-Granted, January 24, 2008

Satilla Bankcorp, Inc., St. Mary's, Georgia -- to become a bank holding company and to acquire Satilla Community Bank.
-Approved, January 25, 2008

Change In Bank Control

FC Banc Corp, Bucyrus, Ohio, and The Farmers Citizens Bank -- commenter's request to extend the comment period for a change in bank control.
-Denied, January 25, 2008

Merchants & Planters Bancshares, Inc., Toone, Tennessee -- change in bank control.
-Permitted, January 25, 2008

Rae Valley Financials, Inc., Petersburg, Nebraska -- to retain control of Rae Valley Financials, Inc. and its subsidiary bank, Petersburg State Bank.
-Permitted, January 23, 2008

Extensions Of Time

Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York -- extension to May 1, 2008, to acquire additional shares of 473 Broadway Holding Corporation and The Adirondack Trust Company.
-Granted, January 23, 2008

M&P Community Bancshares, Inc. 401(K) Employee Stock Ownership Plan, Newport, Arkansas -- extension to April 26, 2008, to acquire additional shares of M & P Community Bancshares, Inc.
-Granted, January 25, 2008

Security Business Bancorp, San Diego, California -- extension to April 24, 2008, to become a bank holding company and to acquire Security Business Bank of San Diego.
-Granted, January 24, 2008

SolutionsBank, Overland Park, Kansas -- extension to May 5, 2008, to merge with Worth National Bank, Lake Worth, Texas, and thereby establish a branch.
-Granted, January 23, 2008

Membership

First Western Bank, Wall, South Dakota, and The First Western Bank Sturgis, Sturgis -- to become members of the Federal Reserve System.
-Approved, January 25, 2008

Regulations And Policies

Short-term Interest Rates -- decrease in the target for the federal funds rate from 4-1/4 percent to 3-1/2 percent, effective January 22, 2008.
-Approved, January 21, 2008

Actions under delegated authority

Actions taken during the week ending January 26, 2008

Bank Branches, Domestic

Bank Holding Companies

Change In Bank Control

Extensions Of Time

Membership

Regulations And Policies