Board of Governors of the Federal Reserve System

WoodTrust Bank, Wisconsin Rapids, Wisconsin -- to establish a branch at 5987 County Highway West, Manitowish Waters, Wisconsin.
Approved: December 7, 2023

1864 Bancorp, MHC, and 1864 Bancorp, Inc., both of South Easton, Massachusetts -- to become bank holding companies by acquiring voting shares of North Easton Savings Bank, South Easton, Massachusetts.
Approved: December 4, 2023

The 2013 Monte Hulse Family Irrevocable Trust I, Waco, Texas -- to acquire shares of FCT Bancshares, Inc., and thereby indirectly acquire First National Bank of Central Texas, both of Waco, Texas.
Approved: December 4, 2023

First New Mexico Financial Corporation, Deming, New Mexico -- to engage de novo in extending credit and servicing loans through its subsidiaries, ArmsLength, LLC, and Five Seven Five, LLC, both of Deming, New Mexico.
Approved: December 7, 2023

Homeland Bancshares, Inc., Columbia, Louisiana -- (1) to become a bank holding company by acquiring Peoples Bank, Chatham, Louisiana, and (2) to engage in nonbank operations through its savings association subsidiaries, Homeland Federal Savings Bank, Columbia, Louisiana, and Beauregard Federal Savings Bank, DeRidder, Louisiana.
Approved: December 6, 2023

Flagship Financial Group, Inc., Eden Prairie, Minnesota -- to merge with Security Bancshares Co., and thereby indirectly acquire Security Bank & Trust Company, both of Glencoe, Minnesota.
Approved: December 4, 2023

Ally Bank, Sandy, Utah -- to make a public welfare investment.
Approved: December 7, 2023

Ally Bank, Sandy, Utah -- to make a public welfare investment.
Approved: December 5, 2023

Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: December 6, 2023

First State Associates, Inc., Hawarden, Iowa -- the Orville A. Rehder 2nd Revocable Living Trust, with Orville A. Rehder as trustee, Jeffrey A. Rehder, and Steve C. Rehder, all of Hawarden, Iowa, a group acting in concert, to acquire voting shares of First State Associates, Inc., and thereby indirectly acquire voting shares of Rivers Edge Bank, Marion, South Dakota.
Permitted: December 7, 2023

Republic Financial Corporation, Wichita, Kansas -- Randall J. Blue, Sedalia, Colorado; Kipton J. Blue, Leawood, Kansas; and Karl R. Swartz, Wichita, Kansas, as co-trustees of the V. Jerry Blue Master Trust, the Republic Financial Trust 1, the Republic Financial Trust 2, all of Wichita, Kansas; and more, to become members of the Guenthner/Swartz/Blue Control Group, a group acting in concert, to acquire voting shares of Republic Financial Corporation and thereby indirectly acquire voting shares of Southwest National Bank, Wichita, Kansas, and more.
Permitted: December 5, 2023

SBW Bancshares, Inc., Waterloo, Illinois -- Pauline Elizabeth Hawkins, individually and as trustee of the Pauline E. Hawkins Trust, both of St. Louis, Missouri, to retain voting shares of SBW Bancshares, Inc., and thereby indirectly retain voting shares of State Bank, Waterloo, Illinois.
Permitted: December 7, 2023

SBN Community Bancorp, Inc., Newburg, Wisconsin -- election to become a financial holding company.
Effective: December 7, 2023

Huntington Bancshares Incorporated, Columbus, Ohio -- request to treat a credit-linked-note transaction and certain substantially identical credit-linked-note transactions as synthetic securitizations under Regulation Q.
Granted: December 6, 2023