Actions under delegated authority

Actions taken during the week ending July 30, 2011

Bank Branches, Domestic

New York

Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a limited-service branch at 4949 SW Meadows Road, Suite 500, Lake Oswego, Oregon.
-Approved, July 29, 2011

St. Louis

The Scott County State Bank, Scottsburg, Indiana -- to establish a branch at 307 West Main Street, Austin.
-Approved, July 28, 2011

Bank Holding Companies

Richmond

ASB Bancorp, Inc., Asheville, North Carolina -- to become a bank holding company on the conversion of Asheville Savings Bank, S.S.B., Asheville, from a mutual to stock form of ownership.
-Approved, July 26, 2011

Cleveland

First Southern Bancorp, Inc., Stanford, Kentucky -- to acquire shares of CKF Bancorp, Inc., Danville.
-Approved, July 29, 2011

Bank Mergers

Richmond

Xenith Bank, Richmond, Virginia -- to acquire certain assets and assume certain liabilities of Virginia Business Bank, Richmond.
-Approved, July 28, 2011

Banks, Foreign

New York

Oversea-Chinese Banking Corporation Limited, Singapore -- to convert its agency in Los Angeles, California, to a branch.
-Withdrawn, July 26, 2011

Change in Bank Control

Kansas City

Keystone Investment, Inc., Keystone, Nebraska -- change in bank control of Keystone Investment and its subsidiary bank, Bank of Keystone, Keystone.
-Permitted, July 27, 2011

Minneapolis

The Tysan Corporation, Minneapolis, Minnesota -- to retain control of Tysan and its subsidiary banks, Lake Community Bank, Long Lake; Pine Country Bank, Little Falls; and Blaine State Bank, Blaine.
-Permitted, July 26, 2011

Membership

St. Louis

Bank of Lake Village, Lake Village, Arkansas -- to become member of the Federal Reserve System.
-Approved, July 29, 2011

San Francisco

Bay Commercial Bank, Walnut Creek, California -- to become a member of the Federal Reserve System.
-Approved, July 29, 2011

Boston

North Brookfield Savings Bank, North Brookfield, Massachusetts -- to become a member of the Federal Reserve System.
-Approved, July 27, 2011