Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Actions under delegated authority PDF
Actions taken during the week ending December 10, 2022
Bank Branches, Domestic
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 14902 Preston Road, Dallas, Texas.
Approved: December 8, 2022
Frost Bank, San Antonio, Texas -- to establish a branch at 498 Stacy Road, Allen, Texas.
Approved: December 8, 2022
Frost Bank, San Antonio, Texas -- to establish a branch at 5851 Long Prairie Road, Flower Mound, Texas.
Approved: December 8, 2022
Richmond
Primis Bank, Tappahannock, Virginia -- to expand operations of its existing courier service in select areas of Virginia.
Approved: December 6, 2022
Bank Holding Companies
Boston
IFS 1820 Bancorp, MHC, Newburyport, Massachusetts -- to become a bank holding company by acquiring the Institution for Savings in Newburyport and Its Vicinity, Newburyport, Massachusetts.
Approved: December 5, 2022
General Counsel
ANZ Group Holdings Limited and ANZ BH Pty Ltd, both of Docklands, Australia -- waiver of application requirements under section 3 of the Bank Holding Company Act with respect to the acquisition of Australia and New Zealand Banking Group, Melbourne, Australia, in connection with a corporate reorganization.
Granted: December 8, 2022
Bank Mergers
Atlanta
The First Bank, Hattiesburg, Mississippi -- to merge with Heritage Southeast Bank, Jonesboro, Georgia, and thereby establish branches.
Approved: December 8, 2022
Bank Premises
New York
The Adirondack Trust Company, Saratoga Springs, New York -- to increase its investment in bank premises.
Withdrawn: December 9, 2022
Banks, State Member
San Francisco
East West Bank, Pasadena, California -- to make a public welfare investment.
Approved: December 5, 2022
Secretary
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
Approved: December 8, 2022
Change in Bank Control
Kansas City
First Laurel Security Co., Laurel, Nebraska -- Amy C. Adkins, Houston, Texas; Megan M. Adkins, Kearney, Nebraska; Betsy J. Becker, Valley, Nebraska; and Sara E. Skretta, Lincoln, Nebraska; to join the Adkins Family Group, a group acting in concert, to retain voting shares of First Laurel Security Company and thereby indirectly retain voting shares of Security Bank, Laurel, Nebraska.
Permitted: December 5, 2022
St. Louis
Litchfield Bancshares Company, Litchfield, Illinois -- Alberta Fleming, Michael F. Fleming, the MFF Trust, Michael F. Fleming, trustee, all of Litchfield, Illinois; Susan K. Wetzel, the SKW Trust, Susan K. Wetzel, trustee, all of Hillsboro, Illinois, together as a family control group acting in concert, to retain control of Litchfield Bancshares Company, Inc., and indirectly control The Litchfield National Bank, Litchfield, Illinois.
Permitted: December 5, 2022
Financial Holding Companies
Director, S&R
ANZ Group Holdings Limited and ANZ BH Pty Ltd, both of Docklands, Australia -- election to be treated as financial holding companies.
Effective: December 8, 2022
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: December 8, 2022
Supervision and Regulation
Director, S&R
BMO Financial Corp., Wilmington, Delaware -- to make capital distributions in the fourth quarter of 2022 after the occurrence of an event requiring resubmission of its capital plan.
Approved: December 5, 2022