Board of Governors of the Federal Reserve System

Tennessee State Bank, Pigeon Forge, Tennessee -- to establish a branch at 575 West Broadway, Newport, Tennessee.
Withdrawn: April 23, 2024

All Capital Bank, Locust Grove, Oklahoma -- to establish a branch at 4500 West Houston Street, Broken Arrow, Oklahoma.
Approved: April 22, 2024

State Street Bank and Trust Company, Boston, Massachusetts -- to establish a branch at 2323 Grand Boulevard, Kansas City, Missouri.
Approved: April 22, 2024

Stearns Financial Services, Inc. Employee Stock Purchase Plan, Saint Cloud, Minnesota -- to increase its voting shares of Stearns Financial Services, Inc., Saint Cloud, Minnesota, and thereby indirectly increase its voting shares of Stearns Bank National Association, Saint Cloud, Minnesota; Stearns Bank of Upsala, Upsala, Minnesota; and Stearns Bank of Holdingford, Holdingford, Minnesota.
Approved: April 24, 2024

Princeton Bancorp Inc, Princeton, New Jersey -- to acquire Cornerstone Financial Corporation, Mount Laurel, New Jersey, and thereby indirectly acquire Cornerstone Bank, Moorestown, New Jersey.
Approved: April 22, 2024

Regions Bank, Birmingham, Alabama -- to make public welfare investments in projects that are eligible for New Markets Tax Credits equal to up to 15 percent of its capital plus surplus, subject to certain conditions; and confirmation that prior approvals to make public welfare investments in community development financial institutions and projects eligible for low-income housing tax credits remain valid.
Approved: April 25, 2024

Orrick Financial Corporation, Orrick, Missouri -- Ryan Sullivan and Bryan Adams, both of Mission Hills, Kansas, to establish the Sullivan Adams control group, a group acting in concert, to acquire voting shares of Orrick Financial Corporation and thereby indirectly acquire voting shares of The Bank of Orrick, Orrick, Missouri.
Withdrawn: April 26, 2024

Buffalo Bancshares, Inc., Buffalo, Kentucky -- Rondal L. Wright Irrevocable Grantor Trust and R. Brent Wright, both of Glasglow, Kentucky, to acquire Buffalo Bancshares, Inc., and thereby indirectly acquire the Bank of Buffalo, Buffalo, Kentucky.
Permitted: April 23, 2024

Capital One Financial Corporation, McLean, Virginia -- extension of comment period until May 31, 2024, for the application to acquire Discover Financial Services, Riverwoods, Illinois, and thereby indirectly acquire Discover Bank, Greenwood, Delaware.
Granted: April 24, 2024

The Grace Investment Company, Inc., ESOP, and Grace Investment Company, Inc., both of Alva, Oklahoma -- election to become financial holding companies.
Effective: April 24, 2024