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 August 31, 2024
Bank Branches, Domestic
Kansas City
Commerce Bank, Kansas City, Missouri -- to establish a branch at 10990 New Halls Ferry Road, Ferguson, Missouri.
Approved: August 30, 2024
San Francisco
Pacific Premier Bank, Irvine, California -- to establish a branch at 5055 North 32nd Street, Phoenix, Arizona.
Approved: August 30, 2024
Bank Holding Companies
Atlanta
Business First Bancshares, Inc., Baton Rouge, Louisiana -- waiver of application to acquire Oakwood Bancshares, Inc., and thereby indirectly acquire Oakwood Bank, both of Dallas, Texas, in connection with the merger of Oakwood Bank with and into B1 Bank, Baton Rouge, Louisiana.
Granted: August 27, 2024
CCB Bancorp, Inc., Athens, Georgia -- to become a bank holding company by acquiring shares of Classic City Bank, Athens, Georgia.
Approved: August 29, 2024
Savings and Loan Holding Companies
Secretary
Cumberland Federal Bank, FSB, Cumberland, Wisconsin -- issuance of a mutual holding company charter to CFB Mutual Holding Company and a stock holding company charter to its subsidiary, CFB Financial, Inc.*
Approved: August 21, 2024
*Addition
Supervision and Regulation
Director, S&R
JPMorgan Chase & Co., New York, New York -- request to treat a credit-linked-note transaction and certain substantially identical credit-linked-note transactions as synthetic securitizations under Regulation Q.
Approved: August 26, 2024