FRB: H.2--Actions under delegated authority--Week ending October 11, 2008

Heritage Bank, Norfolk, Virginia -- to establish a branch at 1756 Laskin Road, Virginia Beach.
-Approved, October 10, 2008

Susquehanna Bank, Hagerstown, Maryland -- to establish a branch at 201 International Drive, Hunt Valley.
-Approved, October 8, 2008

Bank Holding Companies

C L C Enterprises, Inc., Nelson, Nebraska -- to engage in lending activities.
-Approved, October 7, 2008

Citizens Investors, LLC, Savannah, Georgia -- to become a bank holding company and to acquire shares of First Citizens Bankshares, Inc., Glenville, and its subsidiary bank, First Citizens Bank.
-Approved, October 7, 2008

Emclaire Financial Corp, Emlenton, Pennsylvania -- waiver of application to acquire Elk County Savings and Loan Association, Ridgway, in connection with its conversion from a mutual savings association to a state-chartered stock savings association and its merger with Emclaire's subsidiary bank, The Farmers National Bank of Emlenton, Emlenton.
-Granted, October 10, 2008

EuroBancshares, Inc. San Juan, Puerto Rico -- to engage through its subsidiary, EUBK Securities, Inc. (in formation), San Juan, in securities brokerage and riskless-principal transactions.
-Approved, October 8, 2008

First National Corporation of Wynne, Wynne, Arkansas -- to acquire an interest in Twin Lakes Bancshares, Inc., Flippin, and thereby retain control of Twin Lakes Community Bank and indirectly acquire Smith Associated Banking Corporation, Hot Springs, and Bank of Salem, Salem.
-Withdrawn, October 9, 2008

SIS Bancorp, MHC, Sanford, Maine, and SIS Bancorp, Inc. -- to become a mutual bank holding company and stock bank holding company, respectively, by acquiring Sanford Institution for Savings, Sanford.
-Approved, October 9, 2008

Twin Lakes Bancshares, Inc. Flippin, Arkansas -- to become a bank holding company by acquiring Twin Lakes Community Bank, Flippin, and Smith Associated Banking Corporation, Hot Springs, and thereby indirectly acquire Bank of Salem, Salem, immediately following the bank holding company formation.
-Withdrawn, October 6, 2008

Wells Fargo & Company, San Francisco, California -- to acquire Century Bancshares, Inc., Dallas, Texas, and Century Delaware Financial Corporation, Wilmington, Delaware, and thereby indirectly acquire Century Bancshares' subsidiary bank, Century Bank, National Association, Texarkana, Texas.
-Approved, October 8, 2008

Change In Bank Control

First Georgia Community Corp., Jackson, Georgia -- change in bank control of First Georgia and its subsidiary bank, First Georgia Community Bank.
-Permitted, October 9, 2008

Whitcorp Financial Company, Leoti, Kansas -- change in bank control of Whitcorp, parent company of Western State Bank, Garden City, and First National Bank in Lamar, Lamar, Colorado.
-Permitted, October 6, 2008

Extensions Of Time

First Artesia Bancshares, Inc., Artesia, New Mexico -- extension to December 6, 2008, to acquire First Financial Services, Inc., Chaparral, and to engage in lending activities.
-Granted, October 8, 2008

Financial Holding Companies

Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Mitsubishi UFJ Trust and Banking Corporation; UnionBanCal Corporation, San Francisco, California -- elections to become financial holding companies.
-Effective, October 6, 2008

Membership

Liberty Bank of Arkansas, Jonesboro, Arkansas -- to become a member of the Federal Reserve System and establish its wholly owned insurance company, Town & Country Insurance Agency, Inc., Jonesboro, as a financial subsidiary.
-Approved, October 8, 2008

Regulations And Policies

Federal Open Market Committee -- minutes of the meeting held on September 16, 2008.
-Published, October 7, 2008

Short-term Interest Rates -- decrease in the target for the federal funds rate from 2 percent to 1-1/2 percent.
-Approved, October 7, 2008

Actions under delegated authority

Actions taken during the week ending October 11, 2008