FRB: H.2--Actions under delegated authority--Week ending March 22, 2008

Allied Bank, Mulberry, Arkansas -- to establish a branch at 5701 Kavanaugh Boulevard, Little Rock.
-Approved, March 17, 2008

Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 524 North Main, Stillwater, Oklahoma.
-Approved, March 21, 2008

The Bank of Marion, Marion, Virginia -- to establish a branch at 201 Valley Street, Abingdon.
-Approved, March 18, 2008

The Community State Bank, Poteau, Oklahoma -- to establish a branch at 902 Dallas Street, Talihina.
-Approved, March 20, 2008

Compass Bank, Birmingham, Alabama -- to establish a branch at 102 South Tejon Street, Colorado Springs, Colorado, to be known as the Alamo Center Branch.
-Approved, March 17, 2008

Hinsdale Bank & Trust Company, Hinsdale, Illinois -- to establish a branch at Plymouth Place Senior Living, 315 North LaGrange Road, LaGrange Park.
-Approved, March 21, 2008

Oregon Pacific Banking Co., Florence, Oregon -- to establish a mobile branch courier service to serve the counties of Coos and Douglas.
-Approved, March 19, 2008

Bank Holding Companies

Bancorp of New Glarus, Inc., New Glarus, Wisconsin -- to acquire Bank of Juda, Juda.
-Approved, March 20, 2008

Bank Iowa Corporation, West Des Moines, Iowa -- to acquire Hansen Bancorporation, Lawler, and thereby acquire State Bank of Lawler, New Hampton.
-Approved, March 20, 2008

Community Bank Investors of America, LP, Midlothian, Virginia -- to become a bank holding company and to acquire shares of Bay Bank, Tampa, Florida, upon the conversion of Bay Financial Savings Bank, F.S.B. to a state member bank; and for FA Capital, LLC, Midlothian, Virginia, to become a bank holding company and to acquire shares of Bay Bank, Tampa, Florida.
-Approved, March 19, 2008

First Bank & Trust Company, Duncan, Oklahoma -- waiver of application to acquire The Waurika National Bank, Waurika, in connection with its merger with and into First Bank & Trust Company.
-Granted, March 20, 2008

First Fontanelle Employee Stock Ownership Plan and Trust, Fontanelle, Iowa -- to become a bank holding company and to acquire shares of First Fontanelle Bancorporation and thereby acquire First National Bank, Greenfield.
-Withdrawn, March 20, 2008

First NBC Bank Holding Company, New Orleans, Louisiana -- to acquire through merger Dryades Bancorp, Inc. and Dryades Savings Bank, F.S.B., and thereby engage in operating a savings association.
-Approved, March 18, 2008

National Bank & Trust Employee Stock Ownership Plan with 401(K) Provisions, La Grange, Texas -- to become a bank holding company and to acquire shares of First La Grange Bancshares, Inc. and indirectly acquire National Bank & Trust.
-Approved, March 20, 2008

NHB Holdings, Inc., Jacksonville, Florida, and Proficio Mortgage Ventures, LLC -- to engage de novo, through a joint venture with Capital Relocation Mortgage, Sterling, Virginia, in conducting mortgage banking activities.
-Approved, March 21, 2008

Prime Bank Group, Inc., Edmond, Oklahoma -- to become a bank holding company and to acquire Prime Bank (in organization).
-Approved, March 20, 2008

S&T Bancorp, Inc., Indiana, Pennsylvania -- waiver of application to acquire IBT Bancorp, Inc., Irwin, in connection with the merger of their respective subsidiaries, S&T Bank, Indiana, and Irwin Bank, Irwin.
-Granted, March 20, 2008

Banks, Nonmember, And Miscellaneous Institutions

CLS Bank International, New York, New York -- to amend its articles of association.
-Approved, March 20, 2008

Banks, State Member

Sunrise Bank, Cocoa Beach, Florida -- relief from a commitment.
-Withdrawn, March 17, 2008

Change In Bank Control

Flathead Holding Company of Bigfork, Bigfork, Montana -- to retain control of Company and thereby gain control of Flathead Bank of Bigfork.
-Permitted, March 21, 2008

Mackey Banco, Inc., Ansley, Nebraska -- change in bank control of Banco and its subsidiary bank, Security State Bank.
-Permitted, March 17, 2008

Western Oklahoma Bancshares, Inc., Elk City, Oklahoma -- change in bank control of Bancshares and its subsidiary bank, Bank of Western Oklahoma.
-Permitted, March 17, 2008

Extensions Of Time

Exchange Bank and Trust Company, Perry, Oklahoma -- extension to June 22, 2008, to establish a branch at 4301 West 6th, Stillwater.
-Granted, March 20, 2008

Pyramid Financial Corporation, Anguilla, Mississippi -- extension to June 18, 2008, to become a bank holding company and to acquire Bank of Anguilla.
-Granted, March 18, 2008

Financial Holding Companies

Morgan Capital Corporation, Fort Morgan, Colorado -- election to become a financial holding company.
-Effective, March 19, 2008

Membership

Bay Financial Savings Bank, F.S.B., Tampa, Florida -- to become a member of the Federal Reserve System upon its conversion to Bay Bank, Tampa.
-Approved, March 19, 2008

Platte Valley National Bank, Scottsbluff, Nebraska -- to retain membership in the Federal Reserve System following its conversion from a national to a state charter.
-Approved, March 20, 2008

Platte Valley National Bank, Torrington, Wyoming -- to retain membership in the Federal Reserve System following its conversion from a national to a state charter.
-Approved, March 20, 2008

Prime Bank, Edmond, Oklahoma, (in organization) -- to become a member of the Federal Reserve System.
-Approved, March 20, 2008

Tri-County National Bank, Cheyenne, Wyoming -- to retain membership in the Federal Reserve System following its conversion from a national to a state charter.
-Approved, March 20, 2008

Regulations And Policies

Short-term Interest Rates -- decrease in the target for the federal funds rate from 3 percent to 2-1/4 percent.
-Approved, March 18, 2008

Actions under delegated authority

Actions taken during the week ending March 22, 2008

Bank Branches, Domestic