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 May 11, 2024
Bank Branches, Domestic
Boston
Fall River Five Cents Savings Bank, Fall River, Massachusetts -- to establish a branch at 875 State Road, Westport, Massachusetts.
Approved: May 7, 2024
Profile Bank, Rochester, New Hampshire -- to establish a branch at 538 Central Avenue, Dover, New Hampshire.
Approved: May 9, 2024
Banks, State Member
San Francisco
East West Bank, Pasadena, California -- to make a public welfare investment.
Approved: May 7, 2024
Change in Bank Control
Atlanta
CBS Banc-Corp., Russellville, Alabama -- John Gregory Mitchell Batchelor, Russellville, Alabama, and John Bradley Batchelor Reeves, Tuscumbia, Alabama, to become members of the Batchelor Family Control Group, a group acting in concert, to retain voting shares of CBS Banc-Corp. and thereby indirectly retain voting shares of CB&S Bank, Inc., Russellville, Alabama.
Permitted: May 9, 2024
Chicago
Petefish, Skiles Bancshares, Inc., Virginia, Illinois -- Andrew Prather and Tina Prather, both of Petersburg, Illinois; Elizabeth A. Prather, Virginia, Illinois; and the Laura J. Prather Trust, Laura J. Prather, trustee, both of Creve Coeur, Missouri, as members of the Prather Family Control Group, a group acting in concert, to retain voting shares of Petefish, Skiles Bancshares, Inc., and thereby indirectly retain voting shares of Petefish, Skiles & Company, Virginia, Illinois, and The First National Bank of Beardstown, Beardstown, Illinois.
Permitted: May 8, 2024
St. Louis
Citizens Bancorp of Hickman, Inc., Hickman, Kentucky -- Minor Child A and Minor Child B, Carla Campbell Coffey as custodian, all of Troy, Tennessee; to join the Coffey family control group, a group acting in concert, to retain voting shares of Citizens Bancorp of Hickman, Inc., and thereby indirectly retain voting shares of The Citizens Bank, Hickman, Kentucky.
Permitted: May 10, 2024
Membership
Richmond
United Community Bank, Greenville, South Carolina -- to become a member of the Federal Reserve System.
Approved: May 9, 2024
Regulations and Policies
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
Approved: May 9, 2024
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: May 9, 2024
Secretary
Regulation CC (Availability of Funds and Collection of Checks) -- interagency final rule to make technical amendments to adjust for inflation the dollar amounts relating to the availability of customer funds.
Approved: May 7, 2024
Savings and Loan Holding Companies
Atlanta
Fifth District Bancorp, Inc., New Orleans, Louisiana -- to become a savings and loan holding company by acquiring Fifth District Savings Bank, New Orleans, Louisiana, in connection with the conversion of Fifth District Savings Bank from mutual to stock form.
Approved: May 10, 2024