Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

Actions under delegated authority

Actions taken during the week ending May 14, 2022


Bank Branches, Domestic

St. Louis
Armor Bank, Forrest City, Arkansas -- to establish a branch at 1100 South 52nd Street, Rogers, Arkansas.
-Approved, May 13, 2022

Cleveland
Civista Bank, Sandusky, Ohio -- to establish a branch at 5600 North Hamilton Road, Gahanna, Ohio.
-Approved, May 13, 2022

Minneapolis
Dacotah Bank, Aberdeen, South Dakota -- to establish a branch at 4302 13th Avenue South, Fargo, North Dakota.
-Approved, May 13, 2022

Dallas
First State Bank, Gainesville, Texas -- to establish a branch at 201 South Preston Road, Celina, Texas.
-Approved, May 9, 2022

Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 4526 Dacoma Street, Houston, Texas.
-Approved, May 10, 2022

Secretary
Synovus Bank, Columbus, Georgia -- to establish a branch at 906 East Cumberland Avenue, Tampa, Florida.
-Approved, May 9, 2022

Bank Holding Companies

New York
Discount Bancorp, Inc., New York, New York -- to acquire through its subsidiary, Israel Discount Bank, voting shares of IDB Lido Wealth, LLC, both of New York, New York, and thereby indirectly engage in financial and investment advisory activities.
-Approved, May 10, 2022

Boston
ECB Bancorp Inc., Everett, Massachusetts -- to become a bank holding company by acquiring Everett Co-operative Bank, Everett, Massachusetts, in connection with the conversion of Everett Co-operative Bank from mutual to stock form.
-Approved, May 12, 2022

St. Louis
FMB Bancshares, Inc., Baldwyn, Mississippi -- to become a bank holding company by acquiring Farmers & Merchants Bank, Baldwyn, Mississippi.
-Approved, May 13, 2022

Philadelphia
Fulton Financial Corporation, Lancaster, Pennsylvania -- to merge with Prudential Bancorp, Inc., and thereby indirectly acquire Prudential Bank, both of Philadelphia, Pennsylvania.
-Approved, May 11, 2022

Chicago
Oxford Bank Corporation, Oxford, Michigan -- to enter indirectly through its subsidiary, Oxford Bank, Oxford, Michigan, into a joint venture with VFS Income Fund 1, LLC, and thereby engage de novo in the nonbanking activity of leasing personal property.
-Approved, May 10, 2022

Banks, Foreign

Director, S&R
Nordea Bank Abp, Helsinki, Finland -- relief from certain commitments.
-Granted, May 3, 2022
(A/C)

Banks, State Member

Chicago
Ally Bank, Sandy, Utah -- to make certain public welfare investments (two requests).
-Approved, May 11, 2022

Secretary
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
-Approved, May 6, 2022
(A/C)

San Francisco
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
-Approved, May 12, 2022

Change in Bank Control

Dallas
Paris Bancshares, Inc., Paris, Texas -- the Katherine Orsak Irrevocable Asset Trust, Katherine Cecil Orsak, individually and as trustee, and Stephen Paul Orsak, all of Dallas, Texas; the John Stephen Cecil Irrevocable Asset Trust, John Stephen Cecil, individually and as trustee, and Meredith J. Cecil, all of San Angelo, Texas; Stephanie Sawyer Cecil, the Carl Cecil Irrevocable Asset Trust, Carl Thomas Cecil, individually and as trustee, all of Paris, Texas; Julie A. Conger Enis, William Barton Enis, Karen Conger Welton, the Sidney B. Conger and Jean Cecil Conger Living Trust, Sidney B. Conger and Jean Cecil Conger as co-trustees, and the Conger Family Partnership, the Sidney B. Conger and Jean Cecil Conger Living Trust, as general partner, all of Houston, Texas; Lauren Lee Prickett, Atlanta, Georgia; the Randle R. Cecil Trust A, Paris, Texas, Jean Cecil Conger as trustee, Houston, Texas; a group acting in concert, to retain voting shares of Paris Bancshares, Inc., and thereby indirectly retain voting shares of the Liberty National Bank in Paris, Paris, Texas.
-Permitted, May 9, 2022

Minneapolis
Platinum Bancorp, Inc., Oakdale, Minnesota -- the LeGare Revocable Trust dated July 23, 2018, Greg LeGare and Elaine LeGare as trustees, all of Osseo, Wisconsin; Bradley LeGare and Sharon LeGare, both of St. Charles, Illinois; Jeffrey P. LeGare, Lucas, Texas; Jennifer LeGare, Eau Claire, Wisconsin; and Pamela LeGare-Van Hout, Appleton, Wisconsin; to become the LeGare Group, a group acting in concert, to retain voting shares of Platinum Bancorp, Inc., and thereby indirectly retain voting shares of Platinum Bank, Oakdale, Minnesota.
-Permitted, May 12, 2022

Minneapolis
State Bank of Bottineau Holding Company, Bottineau, North Dakota -- Brent D. Moum to acquire voting shares of the State Bank of Bottineau Holding Company, and thereby indirectly acquire voting shares of State Bank of Bottineau, Bottineau, North Dakota.
-Permitted, May 13, 2022

Extensions of Time

Secretary
National Agricultural Cooperative Federation, Seoul, South Korea -- extension of time to comply with the capital stress testing and risk committee requirements of Regulation YY and related reporting requirements on the FR Y-7 report.
-Granted, May 4, 2022
(A/C)

International Operations

Richmond
BankAmerica International Financial Corporation, San Francisco, California -- to amend its articles of association.
-Approved, May 2, 2022
(A/C)

Regulations and Policies

Chair
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
-Approved, May 10, 2022

Supervision and Regulation

Director, S&R
Citigroup Inc., New York, New York -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
-Granted, May 5, 2022
(A/C)

Director, S&R
The Goldman Sachs Group, Inc., New York, New York -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
-Granted, May 2, 2022
(A/C)

Director, S&R
Northern Trust Corporation, Chicago, Illinois -- request to use certain alternative approaches for specified provisions of the Standardized Approach for Counterparty Credit Risk (SA-CCR), for purposes of calculating its risk-weighted assets under the Board's capital rule.
-Granted, May 12, 2022

Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco