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 February 18, 2023
Bank Branches, Domestic
Atlanta
PriorityOne Bank, Magee, Mississippi -- to establish a branch at 104 Highway 589, Purvis, Mississippi.
Approved: February 16, 2023
St. Louis
Carroll Bank and Trust, Huntingdon, Tennessee -- to establish a branch at 386 West Church Street, Lexington, Tennessee.
Approved: February 14, 2023
Bank Holding Companies
Chicago
FSB Financial Services, Inc., Waterloo, Iowa -- to acquire voting shares of Scenic Community Bancshares Corporation and thereby indirectly acquire voting shares of Iowa Falls State Bank, both of Iowa Falls, Iowa.
Approved: February 15, 2023
Scenic Community Bancshares Corporation, Iowa Falls, Iowa -- to become a bank holding company by acquiring Iowa Falls State Bank, Iowa Falls, Iowa.
Approved: February 15, 2023
Dallas
TransPecos Financial Corp, San Antonio, Texas -- to acquire Luling Bancshares, Inc., and thereby indirectly acquire Citizens State Bank of Luling, both of Luling, Texas. *
Withdrawn: February 8, 2023
*Addition
Vista Bancshares, Inc., Dallas, Texas -- to acquire Charis Holdings, Inc., Dallas, Texas, and thereby indirectly acquire control of Charis Bank, Justin, Texas.
Approved: February 17, 2023
St. Louis
Power Bancshares, Inc., Bradley, Arkansas -- to become a bank holding company by acquiring Community State Bank, Bradley, Arkansas.
Approved: February 14, 2023
Bank Mergers
Dallas
Vista Bank, Dallas, Texas -- to merge with Charis Bank, Justin, Texas, and establish branches at the existing locations of Charis Bank.
Approved: February 17, 2023
Kansas City
Bank of Commerce, Chanute, Kansas -- to merge with Emerald Bank, Burden, Kansas, and thereby establish two branches.
Approved: February 17, 2023
First Northern Bank of Wyoming, Buffalo, Wyoming -- to merge with First State Bank of Newcastle, Newcastle, Wyoming, and thereby establish a branch.
Approved: February 16, 2023
Banks, State Member
Richmond
United Bank, Fairfax, Virginia -- to make four public welfare investments.
Approved: February 17, 2023
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to retain certain public welfare investments.
Approved: February 17, 2023
Change in Bank Control
Atlanta
Lafourche Bancshares, Inc., Larose, Louisiana -- Nacis John Theriot, Sr., Cut Off, Louisiana, to retain voting shares of Lafourche Bancshares, Inc., and thereby indirectly retain voting shares of South Lafourche Bank and Trust Company, Larose, Louisiana.
Permitted: February 16, 2023
Lafourche Bancshares, Inc., Larose, Louisiana -- Gerald Savoie, Jr. and Vonnie D. Savoie, both of Cut Off, Louisiana, to retain voting shares of Lafourche Bancshares, Inc., and thereby indirectly retain voting shares of South Lafourche Bank and Trust Company, Larose, Louisiana.
Withdrawn: February 15, 2023
Kansas City
Rae Valley Financials, Inc., Petersburg, Nebraska -- Scherry Hermansen, St. Libory, Nebraska; Aaron Chochon, Syracuse, Nebraska; David Chochon, Dakota Dunes, South Dakota; Bryan Chochon, Brett Mueller, Sharyn Mueller, and Pamela Mueller, all of Columbus, Nebraska; and the Brooke Allison Mueller Irrevocable Trust, Michael Blanchard, trustee, Benbrook, Texas; to join the Chochon-Mueller Control Group, a group acting in concert, to retain voting shares of Rae Valley Financials, Inc., and thereby indirectly retain voting shares of Great Plains State Bank, Petersburg, Nebraska.
Permitted: February 17, 2023