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 January 28, 2023
Bank Holding Companies
Minneapolis
Citizens Bancorp, Inc., Cadott, Wisconsin -- to acquire Community Financial Bank, Prentice, Wisconsin.
Approved: January 27, 2023
Richmond
HomeTrust Bancshares, Inc., Asheville, North Carolina -- to acquire Quantum Capital Corp., and thereby indirectly acquire Quantum National Bank, both of Suwanee, Georgia. In addition, Quantum National Bank to merge with HomeTrust Bank, Asheville, North Carolina.
Approved: January 27, 2023
Banks, State Member
San Francisco
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
Withdrawn: January 24, 2023
Change in Bank Control
Kansas City
Cattle Crossing, Inc., Seward, Nebraska -- Roger D. Cattle, Lincoln, Nebraska, and John T. Cattle, Overland Park, Kansas, as co-voting proxies of the John W. Cattle, Jr. Bank Stock Marital Trust, Seward, Nebraska; to become members of the Cattle Family Group, a group acting in concert, to retain voting shares of Cattle Crossing, Inc., and thereby indirectly retain voting shares of Cattle Bank and Trust Company, Seward, Nebraska.
Permitted: January 26, 2023
Extensions of Time
Kansas City
Five Points Bank, Grand Island, Nebraska -- extension to April 5, 2023, to establish a branch at 1229 Millwork Avenue, Omaha, Nebraska.
Granted: January 25, 2023
Richmond
Southern Bancshares (N.C.), Inc., Mount Olive, North Carolina -- extension to April 11, 2023, to acquire outstanding voting securities of Old Point Financial Corporation, Hampton, Virginia, and thereby indirectly acquire an interest in The Old Point National Bank of Phoebus, Hampton, Virginia.
Granted: January 23, 2023