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 August 26, 2023
Bank Holding Companies
Atlanta
Gulf Atlantic Financial Corporation, Key West, Florida -- to become a bank holding company by acquiring outstanding shares of Gulf Atlantic Bank, Key West, Florida.
Withdrawn: August 24, 2023
Chicago
Central Bancshares, Inc., Muscatine, Iowa -- waiver of application to merge with McLaughlin Holding Company and thereby indirectly acquire SENB Bank, both of Moline, Illinois, in connection with the merger of SENB Bank with and into CBI Bank & Trust, Muscatine, Iowa.
Granted: August 23, 2023
Bank Mergers
Chicago
CBI Bank & Trust, Muscatine, Iowa -- to merge with SENB Bank, Moline, Illinois, and thereby establish branches.
Approved: August 23, 2023
Banks, State Member
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
Approved: August 24, 2023
Extensions of Time
Dallas
Woodforest Financial Group Employee Stock Ownership Plan (with 401(k) provisions) (amended and restated effective January 1, 2016) and Woodforest Financial Group Employee Stock Ownership Trust, both of The Woodlands, Texas -- extension of time to acquire shares of Woodforest Financial Group, Inc., and thereby indirectly acquire Woodforest National Bank, both of The Woodlands, Texas.
Granted: August 23, 2023
Director, S&R
The Goldman Sachs Group, Inc., New York, New York -- extension of time to conform or divest a merchant banking investment.
Granted: August 23, 2023