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 March 2, 2024
Bank Branches, Domestic
Dallas
Origin Bank, Choudrant, Louisiana -- to establish a branch at 1450 West Government Street, Brandon, Mississippi.
Approved: February 26, 2024
St. Louis
Relyance Bank, White Hall, Arkansas -- to establish a branch at 100 West Carpenter Street, Benton, Arkansas.
Approved: February 28, 2024
Bank Holding Companies
Chicago
First Busey Corporation, Champaign, Illinois -- to merge with Merchants and Manufacturers Bank Corporation, Channahon, Illinois, and thereby indirectly acquire Merchants and Manufacturers Bank, Joliet, Illinois.
Approved: February 28, 2024
Treynor Bancshares, Inc., Treynor, Iowa -- (1) to acquire all of the additional voting shares of TS Contrarian Bancshares, Inc., Treynor, Iowa, and subsequently merge with TS Contrarian Bancshares, Inc., and thereby indirectly acquire voting shares of Bank of Tioga, Tioga, North Dakota, and First National Bank and Trust Company, Clinton, Illinois, and (2) for the Joshua Guttau Generational Irrevocable Trust and the Heidi A. Guttau Generational Irrevocable Trust, Scott Braden and Lyse Wells as co-trustees, all of Treynor, Iowa, to join the Guttau Family Control Group, a group acting in concert, to each acquire voting shares of Treynor Bancshares, Inc., and thereby indirectly acquire voting shares of TS Bank, Treynor, Iowa; Bank of Tioga; and First National Bank and Trust Company.*
Withdrawn: February 23, 2024
*Addition
Banks, Nonmember, and Miscellaneous Institutions
Secretary
USAA Federal Savings Bank, San Antonio, Texas -- location determination of master account at the Federal Reserve Bank of Dallas.
Approved: February 27, 2024
Change in Bank Control
Kansas City
Central Bancshares, Inc., Cambridge, Nebraska -- Adams Land Improvement, Inc., Arapahoe, Nebraska, to acquire voting shares of Central Bancshares, Inc., and thereby indirectly acquire voting shares of First Central Bank, Cambridge, Nebraska; First Central Bank McCook, McCook, Nebraska; and Republic Corporation and United Republic Bank, both of Omaha, Nebraska.
Permitted: February 26, 2024
Lakin Bancshares, Inc., Lakin, Kansas -- the Gary and Dixie Beymer Trust, Gary Beymer and Dixie Beymer, as co-trustees, all of Lakin, Kansas; the Robert Beymer Revocable Trust dtd 02-24-2022, Robert Beymer as trustee; the Diane Beymer Credit Shelter Trust, and more, to form the Beymer Family Control Group, a group acting in concert, to retain voting shares of Lakin Bancshares, Inc., and thereby indirectly retain voting shares of the KCB Bank, Lakin, Kansas.
Permitted: March 1, 2024
PBT Bancshares, Inc., McPherson, Kansas -- Marcus Houghton and Corbin Houghton, both of Wichita, Kansas, to acquire additional voting shares of PBT Bancshares, Inc., and thereby indirectly acquire additional voting shares of Peoples Bank & Trust Company, McPherson, Kansas. Additionally, Corbin Houghton to become a member of the Houghton Family Control Group, a group acting in concert.
Permitted: February 27, 2024
St. Louis
St. Clair Bancshares, Inc., Saint Clair, Missouri -- the John W. Waller Revocable Trust, Paula J. Ray, trustee, both of Leasburg, Missouri, John T. Waller, Timothy S. Waller, and more, a group acting in concert, to retain voting shares of St. Clair Bancshares, Inc., and thereby indirectly retain voting shares of Farmers and Merchants Bank of St. Clair, St. Clair, Missouri.
Permitted: February 27, 2024
Savings and Loan Holding Companies
Chicago
Forward Mutual Holding Company and Forward Financial, Inc., both of Marshfield, Wisconsin -- to acquire Lake City Federal Bank, Lake City, Minnesota.
Approved: February 27, 2024