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 December 23, 2023
Bank Branches, Domestic
Dallas
Citizens State Bank, Woodville, Texas -- to establish a branch at 22410 Highway 59, Porter, Texas.
Approved: December 20, 2023
Kansas City
Mabrey Bank, Bixby, Oklahoma -- to establish a branch at 9140 South Branden Avenue, Tulsa, Oklahoma.
Approved: December 20, 2023
Minneapolis
First Montana Bank, Inc., Missoula, Montana -- to establish a branch at 2987 Prospect Avenue, Helena, Montana.
Approved: December 19, 2023
Secretary
The Northern Trust Company, Chicago, Illinois -- to establish a branch at 390 Park Avenue, New York, New York.
Approved: December 20, 2023
St. Louis
First Bank, Creve Coeur, Missouri -- to establish a branch at 11545 South Street, Cerritos, California.
Approved: December 21, 2023
Simmons Bank, Pine Bluff, Arkansas -- to establish a branch at 3000 Mallory Lane, Franklin, Tennessee.
Approved: December 20, 2023
Bank Holding Companies
Director, S&R
KeyCorp, Cleveland, Ohio -- relief from certain commitments.
Granted: December 20, 2023
Banks, State Member
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make two public welfare investments. *
Approved: December 14, 2023
*Addition
Change in Bank Control
Kansas City
Central Kansas Bancshares, Inc., Woodbine, Kansas -- Sarah George, Louisburg, Kansas; to join the Shannon Family Control Group, a group acting in concert to acquire voting shares of Central Kansas Bancshares, Inc., and thereby indirectly acquire voting shares of The Citizens State Bank and Trust Company, Council Grove, Kansas.
Permitted: December 19, 2023
St. Louis
Hutsonville Banc Corp., Hutsonville, Illinois -- George Ryan Abel, Mount Carmel, Illinois, to join the Gray Family Control Group, a group acting in concert to acquire voting shares of Hutsonville Banc Corp. and thereby indirectly acquire voting shares of Farmers & Merchants Bank of Hutsonville, Hutsonville, Illinois.
Permitted: December 21, 2023
Financial Holding Companies
Kansas City
High Plains Banking Group, Inc., Flagler, Colorado -- election to become a financial holding company.
Effective: December 19, 2023
Supervision and Regulation
Director, S&R
JPMorgan Chase & Co., New York, New York -- to make capital distributions in the first quarter of 2024 after the occurrence of an event requiring the resubmission of its capital plan.
Approved: December 18, 2023