Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 10: Federal Reserve Bank of Kansas City PDF
Filings received during the week ending February 10, 2024
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BLUE RIDGE BANCSHARES, INC. | Change in Bank Control | David Esry, Lee's Summit, Missouri; individually, as trustee, general partner, and custodian for minor children, of the The Esry Family Trust, Independence, Missouri; William Esry, Independence, Missouri; Marcie Esry, Sarasota, Florida; and David Esry, Lee's Summit, Missouri, as co-trustees, to join the Esry Family Group, a group acting in concert, to retain voting shares of Blue Ridge Bancshares, Inc., and thereby indirectly retain voting shares of Blue Ridge Bank, both of Independence, Missouri. The Board has previously permitted William Esry, Marcie Esry, and David Esry, all individually to become members of the Esry Family Group. | Not available | 02/26/2024 |
| CITIZENS BANCSHARES, INC., ESOP | Change in Bank Control Change in Bank Control | Notice submitted by Jill Castilla, Youssi Farag, and Lisa Trent, all of Edmond, Oklahoma, as trustees of the Citizens Bancshares, Inc., Employee Stock Ownership Plan (the "ESOP"), Edmond, Oklahoma, to retain their respective ESOP positions and thereby control of the ESOP. The ESOP is a registered bank holding company that controls Citizens Bancshares, Inc., parent of The Citizens Bank of Edmond, both of Edmond, Oklahoma. Jill Castilla, Edmond, Oklahoma; individually and as Trustee of the Citizens Bancshares, Inc., Employee Stock Ownership Plan (the "ESOP"), to retain voting shares of Citizens Bancshares, Inc. (the "Corporation"), and thereby indirectly acquire voting shares of The Citizens Bank of Edmond, both of Edmond, Oklahoma; and to join Randal K. Granzow as a family group acting in concert that controls 25 percent or more of the Corporation. | Not available | 02/26/2024 |
| FIRST COMMUNITY BANK | * Branch (Domestic) | First Community Bank, Beemer, Nebraska, to establish a branch located at 2850 Elk Lane, Fremont, Nebraska. | Not available | Not applicable |
| PANHANDLE BANCSHARES, INC. | * 3A5 | Panhandle Bancshares, Inc., Guymon, Oklahoma, to merge with Spearman Bancshares, Inc., Spearman, Texas, and indirectly acquire First National Bank, Spearman, Texas. | Not available | 03/18/2024 |
* Subject to the provisions of the Community Reinvestment Act
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
| Institution / Location | RSSD ID | Exam Date | CRA Public Date | CRA Rating | Exam Method |
|---|---|---|---|---|---|
| ENTERPRISE BK, OMAHA, NEBRASKA | 1836701 | 10/23/2023 | 08/07/2023 | S | Int Small Bank |
| FIRST OPTION BK, OSAWATOMIE, KANSAS | 285852 | 06/16/2023 | 03/06/2023 | S | Int Small Bank |
| FIVE POINTS BK, GRAND ISLAND, NEBRASKA | 554857 | 06/10/2023 | 03/13/2023 | O | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||