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 July 27, 2024
Bank Branches, Domestic
Dallas
Susser Bank, Dallas, Texas -- to establish a branch at 6900 North Dallas Parkway, Plano, Texas.
Approved: July 23, 2024
Bank Holding Companies
Kansas City
Stockmens Financial Corporation, Rapid City, South Dakota -- to acquire voting shares of AgCredit, Inc., Chadron, Nebraska, and thereby engage in extending credit, activities related to extending credit, community development activities, and data processing activities.
Approved: July 22, 2024
St. Louis
Arlo Financial Holdings, Inc., Springfield, Missouri -- to become a bank holding company by acquiring Systematic Savings Bank, Springfield, Missouri.
Approved: July 24, 2024
Banks, Foreign
Director, S&R
Resona Bank, Limited, Osaka, Japan -- to establish a representative office in Los Angeles, California.*
Approved: July 19, 2024
*Addition
Banks, State Member
San Francisco
Pacific Premier Bank, Irvine, California -- to make a public welfare investment.
Approved: July 24, 2024
Change in Bank Control
Kansas City
First Commerce Financial Corporation, Marysville, Kansas -- Daniel J. Smerchek; the Daniel J. Smerchek Pecuniary GST Trust, Daniel J. Smerchek, trustee, and Sonja C. Smerchek, all of Waterville, Kansas; and the Haley M. Johnson GST Trust dated September 26, 2018, Haley M. Johnson, trustee, Grand Prairie, Texas, to acquire voting shares of First Commerce Financial Corporation and thereby indirectly acquire voting shares of First Commerce Bank, Marysville, Kansas, and to join the Smerchek Family Control Group; and for Daniel J. Smerchek to become the largest individual controlling shareholder.
Permitted: July 24, 2024
Extensions of Time
Secretary
Discover Financial Services, Riverwoods, Illinois -- extension of time to comply with certain regulatory reporting requirements.
Granted: July 26, 2024