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 June 29, 2024
Bank Branches, Domestic
Boston
Fall River Five Cents Savings Bank, Fall River, Massachusetts -- to establish a branch at 1060 Centerville Road, Warwick, Rhode Island.
Approved: June 28, 2024
Dallas
Third Coast Bank, Humble, Texas -- to establish a branch at 800 Gessner Road, Houston, Texas.
Approved: June 24, 2024
Philadelphia
First Citizens Community Bank, Mansfield, Pennsylvania -- to establish a branch at 20169 Office Circle, Georgetown, Delaware.
Withdrawn: June 25, 2024
St. Louis
Citizens Bank & Trust Company, Van Buren, Arkansas -- to establish a branch at 120 North Main Street, Mulberry, Arkansas.
Approved: June 25, 2024
Bank Holding Companies
Chicago
EWSB Bancorp, Inc. (a newly formed Maryland corporation), Kaukauna, Wisconsin -- to become a bank holding company by acquiring East Wisconsin Savings Bank, upon the conversion of Wisconsin Mutual Bancorp, MHC, from mutual to stock form, both of Kaukau, Wisconsin.
Approved: June 28, 2024
Dallas
Unifi Financial, Inc., San Antonio, Texas -- to become a bank holding company by acquiring Stockmens National Bank in Cotulla, Cotulla, Texas.
Withdrawn: June 28, 2024
Richmond
First National Corporation, Strasburg, Virginia -- waiver of application to acquire Touchstone Bankshares, Inc., Prince George, Virginia, and thereby indirectly acquire Touchstone Bank, McKenney, Virginia, in connection with the merger of Touchstone Bank with and into First Bank, Strasburg, Virginia.
Granted: June 27, 2024
Bank Mergers
Richmond
First Bank, Strasburg, Virginia -- to merge with Touchstone Bank, McKenney, Virginia, and thereby establish branches.
Approved: June 27, 2024
Banks, State Member
Chicago
Ally Bank, Sandy, Utah -- to make two public welfare investments.
Approved: June 24, 2024
Change in Bank Control
Atlanta
OptimumBank Holdings, Inc., Fort Lauderdale, Florida -- Moishe Gubin and Gubin Optimum Trust, Ft. Lauderdale, Florida, to acquire voting shares of OptimumBank Holdings, Inc., and thereby indirectly retain voting shares of OptimumBank, Ft. Lauderdale, Florida.
Withdrawn: June 26, 2024
Chicago
Bank Iowa Corporation, West Des Moines, Iowa -- Kathryn Paige Duncan, John Robert Duncan, D. Todd Duncan, Clara Summers Stokes Sukovaty, Amelia Stokes, Kathryn Duncan, the Summers Stokes Irrevocable Trust, Union Bank & Trust, as trustee, and Clara Summers Stokes Sukovaty, as beneficiary, the Amelia Stokes Irrevocable Trust, Union Bank & Trust, as trustee, and Amelia Stokes, as beneficiary, and a Minor Child's Irrevocable Trust, Union Bank & Trust, as trustee; all of Lincoln, Nebraska; Carol Dianne Thomas and Drew Duncan Thomas, both of Miami, Florida; Brian Sean Thomas, London, United Kingdom; Blake Alan Thomas, Omaha, Nebraska; Ian Duncan Thompson, Los Angeles, California; and Dr. Eric Michael Thompson, Chicago, Illinois; a group acting in concert, to form the Duncan Family Control Group, to retain voting shares of Bank Iowa Corporation, and thereby indirectly retain voting shares of Bank Iowa, West Des Moines, Iowa.
Permitted: June 27, 2024