Actions under delegated authority PDF

Actions taken during the week ending January 6, 2024

Bank Branches, Domestic
Dallas

Frost Bank, San Antonio, Texas -- to establish a branch at 3620 West University Drive, McKinney, Texas.
Approved: January 2, 2024

Kansas City

Commerce Bank, Kansas City, Missouri -- to establish a branch at 7481 East Arapahoe Road, Centennial, Colorado.
Approved: January 3, 2024

St. Louis

Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 145 East Highway 76, Anderson, Missouri.
Approved: January 5, 2024

Bank Holding Companies
San Francisco

Central Valley Community Bancorp, Fresno, California -- to acquire Community West Bancshares and thereby indirectly acquire Community West Bank N.A., both of Goleta, California.
Approved: January 3, 2024

St. Louis

Lincoln County Bancorp, Inc., Troy, Missouri -- to acquire voting shares of Kahoka State Bank, Kahoka, Missouri.
Approved: January 5, 2024

Banks, State Member
San Francisco

East West Bank, Pasadena, California -- to make a public welfare investment.
Approved: January 5, 2024

Change in Bank Control
Dallas

Sanger Bancshares, Inc., Sanger, Texas -- Margaret Long, Christine Long, and Don Long, Jr., all of Montague, Texas, to form the Long Family Control Group, a group acting in concert to retain voting shares of Sanger Bancshares, Inc., and thereby indirectly retain voting shares of Sanger Bank, Sanger, Texas.
Permitted: January 4, 2024

Savings and Loan Holding Companies
General Counsel

Midland Financial Co., Oklahoma City, Oklahoma -- request by 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, all of Oklahoma City, Oklahoma, for an exemption under the Depository Institution Management Interlocks Act and Regulation LL. *
Granted: December 28, 2023
*Addition

Supervision and Regulation
Director, S&R, and Director, Financial Stability

Stress Tests -- notification to firms required to assume a large counterparty default in their 2024 company-run stress tests. *
Approved: December 14, 2023
*Addition

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Last Update: January 11, 2024