FRB: H.2--Actions under delegated authority--Week ending January 5, 2008

1st Financial Bank, Overland Park, Kansas -- to establish a branch at 650 East 5th Street, Kansas City, Missouri.
-Approved, January 4, 2008

First Capital Bank, Glen Allen, Virginia -- to establish a branch at 2810 Buford Road, Richmond.
-Approved, January 3, 2008

RBC Centura Bank, Raleigh, North Carolina -- to establish a branch at 5208 Sunset Lake Road, Holly Springs.
-Approved, January 4, 2008

RBC Centura Bank, Raleigh, North Carolina -- to establish a branch at 2885 Western Boulevard, Jacksonville.
-Approved, January 4, 2008

SunTrust Bank, Atlanta, Georgia -- to establish branches at 2615 East Highway 50, Clermont, Florida; 12610 U.S. Highway 19, Hudson; and 4929 Main Street, Spring Hill, Tennessee.
-Approved, January 3, 2008

Bank Holding Companies

Boston Private Financial Holdings, Inc., Boston, Massachusetts -- to acquire an indirect interest in Davidson Trust Company, Devon, Pennsylvania, and thereby engage in trust and financial investment advisory activities.
-Approved, January 3, 2008

Franklin Resources, Inc., San Mateo, California -- to retain shares of Commerce Bancorp, Inc., Cherry Hill, New Jersey, and thereby indirectly retain an interest in Commerce Bank, National Association, Philadelphia, Pennsylvania.
-Approved, January 3, 2008

Frontier Financial Corporation, Everett, Washington -- waiver of application to merge with Washington Banking Company, Oak Harbor, in connection with the merger of Whidbey Island Bank, Coupeville, and Frontier Bank, Everett.
-Granted, January 2, 2008

Harker Investments, LLLP, Denver, Colorado -- to become a bank holding company and to engage in selling credit life insurance through the acquisition of The Kit Carson Insurance Agency, Inc., Kit Carson.
-Approved, January 3, 2008

NATCOM Bancshares, Inc., Superior, Wisconsin -- to purchase participation loans from its subsidiary, National Bank of Commerce, and thereby engage in extending credit and servicing loans.
-Approved, January 3, 2008

National Penn Bancshares, Inc., Boyertown, Pennsylvania -- waiver of application to merge with KNBT Bancorp, Inc., Bethlehem, in connection with the merger of Keystone Nazareth Bank & Trust Company and National Penn Bank.
-Granted, January 3, 2008

ServisFirst Bancshares, Inc., Birmingham, Alabama -- relief from a commitment.
-Withdrawn, January 3, 2008

Banks, Foreign

SparkassenVerband Baden-Wurttemberg and Landesbank Baden-Wurttemberg, Stuttgart, Germany -- request for temporary authority to engage indirectly in certain nonbanking activities and hold certain investments in the United States in connection with the acquisition of Landesbank Sachsen Aktiengesellschaft, Leipzig.
-Granted, December 28, 2007 (AC)

Extensions Of Time

Virginia Financial Group, Inc., Culpeper, Virginia -- extension to April 12, 2008, to acquire FNB Corporation, Christiansburg, and thereby indirectly acquire First National Bank.
-Granted, January 4, 2008

International Operations

Bank of America, National Association, Charlotte, North Carolina; Bank of America Overseas Corporation, Charlotte, North Carolina; and BankAmerica International Finance Corporation, San Francisco, California -- waiver of remainder of notification period to invest in BoA Netherlands Cooperatieve U.A., Amsterdam, the Netherlands, and modification of the aggregate investment limit of Regulation K.
-Granted, December 21, 2007 (AC)

Membership

Monument Bank, Doylestown, Pennsylvania -- to become a member of the Federal Reserve System.
-Approved, January 4, 2008

Regulations And Policies

Federal Open Market Committee -- minutes of the meeting held on December 11, 2007, and of a conference call held on December 6, 2007.
-Published, January 2, 2008

Regulation CC -- technical amendments to Appendix A to reflect the restructuring of check processing operations of the Federal Reserve Banks of New York, Philadelphia, and Cleveland, and to provide notice relating to future changes to Appendix A (Docket No. R-1306).
-Approved, January 2, 2008

Actions under delegated authority

Actions taken during the week ending January 5, 2008