Actions under delegated authority

Actions taken during the week ending June 20, 2020

Bank Branches, Domestic

Dallas

Peoples Bank, Lubbock, Texas -- to establish a branch at 106 Southwest Avenue C, Seminole.
-Approved, June 17, 2020

Bank Holding Companies

New York

Barclays US Holdings Limited (BUSHL), New York, New York -- (1) to become a bank holding company by acquiring Barclays US LLC, New York, and thereby indirectly acquiring Barclays Bank Delaware, Wilmington, Delaware; and (2) for Barclays PLC, London, England, and Barclays Bank PLC to retain BUSHL upon its becoming a bank holding company.
-Approved, June 17, 2020

Atlanta

Beach Bancorp, Inc., Fort Walton Beach, Florida -- to become a bank holding company by acquiring shares of Beach Community Bank, Fort Walton Beach.
-Approved, June 19, 2020

General Counsel

Bristol County Savings Bank (BCSB), Taunton, Massachusetts -- waiver of application for BCSB, a subsidiary of Beacon Bancorp, Taunton, to acquire Freedom National Bank (FNB), Greenville, Rhode Island, in connection with the merger of FNB with and into BCSB.
-Granted, June 15, 2020

Banks, Nonmember, and Miscellaneous Institutions

Secretary

BayBoston Capital L.P., Newton Center, Massachusetts, and BayBoston Capital GP LLC, et al. -- relief from certain commitments.
-Granted, June 19, 2020

Banks, State Member

Atlanta

BBVA USA, Birmingham, Alabama -- to make a public welfare investment.
-Approved, June 12, 2020
(A/C)

New York

Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
-Approved, June 18, 2020

Change in Bank Control

San Francisco

PCB Bancorp, Los Angeles, California -- change in bank control of PCB Bancorp and its subsidiary, Pacific City Bank, Los Angeles.
-Permitted, June 16, 2020

Extensions of Time

St. Louis

Cross County Bancshares, Inc., Wynne, Arkansas -- extension to October 7, 2020, to acquire voting shares of Central Bank, Little Rock.
-Granted, June 17, 2020

Financial Holding Companies

Atlanta

Beach Bancorp, Inc., Fort Walton Beach, Florida -- election to become a financial holding company.
-Effective, June 19, 2020

Kansas City

First Financial Bancshares, Inc., Lawrence, Kansas -- election to become a financial holding company.
-Effective, June 18, 2020

International Operations

New York

The Bank of New York Mellon, New York, New York -- to extend the corporate existence of its Edge corporation subsidiary, BNY International Financing Corporation, New York, and to amend its articles of association.
-Approved, June 12, 2020
(A/C)

San Francisco

Wells Fargo & Company, San Francisco, California -- to extend the corporate existence of its Edge corporation subsidiary, Wells Fargo International Banking Corporation, Charlotte, North Carolina.
-Approved, June 18, 2020