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 July 15, 2023
Bank Branches, Domestic
Cleveland
Peoples Bank, Marietta, Ohio -- to establish a branch at 5727 Madison Road, Cincinnati, Ohio.
Approved: July 12, 2023
Kansas City
Farmers Bank of Northern Missouri, Unionville, Missouri -- to establish a branch at 225 North Washington Street, Corydon, Iowa.
Approved: July 13, 2023
New York
Chemung Canal Trust Company, Elmira, New York -- to establish a branch at 5529 Main Street, Williamsville, New York.
Approved: July 14, 2023
Philadelphia
Univest Bank and Trust Co., Souderton, Pennsylvania -- to establish a branch at 689 West Main Street, New Holland, Pennsylvania.
Approved: July 14, 2023
Richmond
Primis Bank, Tappahannock, Virginia -- to expand mobile branch services to be located in the bank's delineated assessment areas of Virginia, to include Charlottesville and Albemarle, Fluvanna, Nelson, Lancaster, Middlesex, and Surry counties.
Approved: July 13, 2023
Sandy Springs Bank, Olney, Maryland -- to establish a branch at 20444 Exchange Street, Ashburn, Virginia.
Approved: July 13, 2023
San Francisco
United Security Bank, Fresno, California -- to establish a branch at 119 South 6th Street, Fowler, California.
Approved: July 12, 2023
St. Louis
First Bank, Creve Coeur, Missouri -- to establish a branch at 18220 Colima Road, Rowland Heights, California.
Approved: July 13, 2023
Bank Holding Companies
Atlanta
Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Flowood, Mississippi -- to acquire voting shares of Community Bancshares of Mississippi, Inc., and thereby indirectly acquire voting shares of Community Bank of Mississippi, both of Flowood, Mississippi.
Approved: July 12, 2023
Chicago
Petefish, Skiles Bancshares, Inc., Virginia, Illinois -- to acquire First National Bank of Beardstown, Beardstown, Illinois.
Approved: July 13, 2023
Kansas City
Wells Bancshares, Inc, Platte City, Missouri -- to merge with Connections Bancshares, Inc., Ashland, Missouri, and thereby indirectly acquire Connections Bank, Kirksville, Missouri.
Approved: July 12, 2023
Minneapolis
Heritage Bancshares Group Inc. Employee Stock Ownership Plan and Trust, Spicer, Minnesota -- to acquire voting shares of Heritage Bancshares Group, Inc., and thereby indirectly acquire voting shares of Heritage Bank, National Association, both of Spicer, Minnesota.
Approved: July 10, 2023
Change in Bank Control
Minneapolis
Frankson Investment Corporation, Waseca, Minnesota -- the Ann Elise Gaytko Revocable Trust For Frankson Investment Corporation Shares, Ann Gaytko, as trustee, and the Thomas Jerome Sankovitz Revocable Trust For Frankson Investment Corporation Shares, and more; to retain voting shares of Frankson Investment Corporation and thereby indirectly retain voting shares of Keen Bank, National Association, Waseca, Minnesota.
Permitted: July 11, 2023
Extensions of Time
Dallas
Third Coast Bank, SSB, Humble, Texas -- extension to December 1, 2023, to establish a branch at 1508 West 5th Street, Austin, Texas.
Granted: July 11, 2023
Regulations and Policies
Secretary
Regulation D (Reserve Requirements of Depository Institutions) -- final rule to make technical amendments. *
Approved: June 23, 2023
*Addition