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

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Last Update: July 20, 2023