Actions under delegated authority PDF

Actions taken during the week ending December 2, 2023

Bank Branches, Domestic
St. Louis

Fidelity Bank, West Memphis, Arkansas -- to establish a branch at 1015 Highway 64, Wynne, Arkansas.
Approved: November 30, 2023

Bank Holding Companies
Cleveland

Main Street Capital Company, Germantown, Ohio -- to become a bank holding company by acquiring The First National Bank of Germantown, Germantown, Ohio.
Approved: November 30, 2023

Minneapolis

Glacier Bancorp, Inc., Kalispell, Montana -- to merge with Community Financial Group, Inc., and thereby indirectly acquire Wheatland Bank, both of Spokane, Washington.
Approved: December 1, 2023

St. Louis

RiverWind Bancshares, Inc., Augusta, Arkansas -- to become a bank holding company by acquiring RiverWind Bank, Augusta, Arkansas.
Approved: November 29, 2023

Tom Bean Bank Holding Company, Hope, Arkansas -- to become a bank holding company by acquiring The First National Bank of Tom Bean, Tom Bean, Texas.
Returned: November 29, 2023

Bank Mergers
Chicago

Bank of Pontiac, Pontiac, Illinois -- to purchase certain assets and assume certain liabilities of Farmers-Merchants Bank of Illinois, Joy, Illinois, and thereby establish branches at 101 North Taft Street, Paxton, Illinois; 100 East Main Street, Melvin, Illinois; and 116 South Pine Street, Piper City, Illinois.
Approved: December 1, 2023

Banks, State Member
Chicago

Ally Bank, Sandy, Utah -- to make three public welfare investments.
Approved: November 28, 2023

Change in Bank Control
Chicago

First Lacon Corp, Lacon, Illinois -- Alyssa T. Kanive, Orono, Minnesota, John N. Kanive, Minnetonka, Minnesota, and Ryan J. Kanive, Orono, Minnesota; to join the Nelson Family Control Group, a group acting in concert, to retain voting shares of First Lacon Corp. and thereby indirectly retain voting shares of The First National Bank of Lacon, Lacon, Illinois.
Permitted: November 29, 2023

Kansas City

Midland Financial Co., Oklahoma City, Oklahoma -- Anat Bird, Scottsdale, Arizona; to become co-trustee of the G. Jeffrey Records, Jr. 2003 Family Trust, G. Jeffrey Records, Jr. 2004 Family Trust (KRR), G. Jeffrey Records, Jr. 2004 Family Trust (MER), G. Jeffrey Records, Jr. 2008 GST Exempt Family Trust, 2012 Dorchester Trust, and G. Jeffrey Records, Jr. 2020 Family Trust and thereby indirectly acquire control of voting shares of Midland Financial Co., and Midfirst Bank, Oklahoma City, Oklahoma.
Permitted: November 27, 2023

Regulations and Policies
Director, S&R

Reports to Congress -- interagency report on differences in accounting and capital standards among the federal banking agencies as of September 30, 2023. *
Approved: November 6, 2023
*Addition

Savings and Loan Holding Companies
Philadelphia

Vecta Partners LLC, White Plains, New York, and Vecta Inc., New York, New York -- to engage de novo in real estate acquisition and management through Vecta Realty LLC, Montvale, New Jersey, a new wholly owned subsidiary of Vecta Inc.
Withdrawn: December 1, 2023

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Last Update: December 07, 2023