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 June 24, 2023
Bank Branches, Domestic
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 2810 South State Highway 161, Grand Prairie, Texas.
Approved: June 23, 2023
Frost Bank, San Antonio, Texas -- to establish a branch at 108 Southmore Avenue, Pasadena, Texas.
Approved: June 23, 2023
Frost Bank, San Antonio, Texas -- to establish a branch at 600 East 15th Street, Plano, Texas. *
Approved: June 15, 2023
*Addition
San Francisco
Oregon Pacific Banking Co. DBA Oregon Pacific Bank, Florence, Oregon -- to establish a branch at 16101 Southwest 72nd Avenue, Portland, Oregon.
Approved: June 21, 2023
St. Louis
OakStar Bank, Springfield, Missouri -- to establish a branch at 501 Main Street, Grand Junction, Colorado.
Approved: June 23, 2023
Banks, Foreign
Director, S&R
Banco de Reservas de la República Dominicana, Santo Domingo, Dominican Republic -- to establish representative offices in New York, New York, and Miami, Florida.
Approved: June 22, 2023
Banks, State Member
Chicago
Ally Bank, Sandy, Utah -- to make three public welfare investments. *
Approved: June 15, 2023
*Addition
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
Approved: June 22, 2023
Change in Bank Control
Cleveland
The Corn City State Bank, Deshler, Ohio -- Cory R. King, Douglas C. King, Karel S. King, Randall E. King, Troy D. King, and Patsy L. Smith; all of Columbus Grove, Ohio, as individuals and as members of the King Family Control Group; a group acting in concert, to retain voting shares of The Corn City State Bank, Deshler, Ohio.
Permitted: June 23, 2023
Supervision and Regulation
Director, S&R
Citizens Financial Group, Inc., Providence, Rhode Island -- to make capital distributions in the third quarter of 2023 after the occurrence of an event requiring resubmission of its capital plan. *
Approved: June 13, 2023
*Addition
JPMorgan Chase & Co., New York, New York -- to make capital distributions in the second, third, and fourth quarters of 2023 after the occurrence of an event requiring resubmission of its capital plan. *
Approved: June 13, 2023
*Addition