Public Information Documents

Actions taken by the Board of Governors and its staff under delegated authority

Bank Branches, Domestic
Secretary
Centennial Bank, Conway, Arkansas -- to establish a branch at 9324 Huebner Road, San Antonio, Texas.
- Approved, March 20, 2025
Commonwealth Business Bank, Los Angeles, California -- to establish a branch at 1 Bridge Plaza, Fort Lee, New Jersey.
- Approved, March 20, 2025
Secretary
First Citizens Community Bank, Mansfield, Pennsylvania -- to establish a branch at 1013A North DuPont Highway, Dover, Delaware.
- Approved, March 7, 2025
Secretary
First Financial Bank, Cincinnati, Ohio -- to establish a branch at 5695 Romar Drive, Milford, Ohio.
- Approved, February 18, 2025
Secretary
First Financial Bank, Cincinnati, Ohio -- to establish a branch at 4631 Ridge Avenue, Cincinnati, Ohio.
- Approved, February 18, 2025
Bank Holding Companies
EverBank Financial Corp, Jacksonville, Florida -- to acquire Sterling Bank and Trust, FSB, Southfield, Michigan.
- Approved, March 13, 2025
Renasant Corporation, Tupelo, Mississippi -- to merge with The First Bancshares, Inc., and thereby indirectly acquire The First Bank, both of Hattiesburg, Mississippi.
- Approved, March 13, 2025
Town & Country Bancshares, Inc. (T&C), Norman, Oklahoma -- request by T&C, Bassam Dina, and Prism Bank, Guthrie, Oklahoma, for partial relief from certain commitments.
- Approved, March 10, 2025
Popular, Inc., San Juan, Puerto Rico -- termination of agreement dated November 18, 1998, between Popular Leasing & Rental, Inc. (the predecessor to Popular Auto, LLC), and the Board pursuant to [section 25] of the Federal Reserve Act, concurrent with consummation of the proposed merger between Banco Popular de Puerto Rico and Popular Auto as part of an internal reorganization.
- Approved, March 7, 2025
General Counsel
TowneBank, Portsmouth, Virginia -- waiver of application to acquire Village Bank and Trust Financial Corp. (Village BHC) and Village Bank, both of Midlothian, Virginia, in connection with the merger of Village BHC and Village Bank with and into TowneBank.
- Granted, March 7, 2025
WesBanco, Inc., Wheeling, West Virginia -- to acquire Premier Financial Corporation, Defiance, Ohio, and thereby indirectly acquire Premier Bank, Youngstown, Ohio.
- Approved, February 11, 2025
CSBH, LLC, Powhatan, Virginia -- to acquire voting shares of Industry Bancshares, Inc. (Industry), Industry, Texas, and thereby indirectly acquire control of Industry's subsidiary banks: Industry State Bank, Industry, Texas; Bank of Brenham, National Association, Brenham, Texas; Fayetteville Bank, Fayetteville, Texas; The First National Bank of Shiner, Shiner, Texas; Citizens State Bank, Buffalo, Texas; and The First National Bank of Bellville, Bellville, Texas.
- Approved, February 11, 2025
ChoiceOne Financial Services, Inc., Sparta, Michigan -- to merge with Fentura Financial, Inc., and thereby indirectly acquire The State Bank, both of Fenton, Michigan, and for ChoiceOne Bank, Sparta, Michigan, to merge with The State Bank and establish and operate branches at The State Bank's locations.
- Approved, February 11, 2025
Secretary
Magnolia Banking Corporation, Magnolia, Arkansas -- to engage de novo in extending credit and servicing loans pursuant to section 225.28(b)(1) of Regulation Y.
- Approved, February 6, 2025
First Busey Corporation, Champaign, Illinois -- (1) to merge with CrossFirst Bankshares, Inc., and thereby indirectly acquire CrossFirst Bank, both of Leawood, Kansas, and (2) for Busey Bank, Champaign, Illinois, to merge with CrossFirst Bank and establish and operate branches at the locations of the main office and branches of CrossFirst Bank.
- Approved, January 16, 2025
UMB Financial Corporation, Kansas City, Missouri -- to acquire Heartland Financial USA, Inc., and thereby indirectly acquire HTLF Bank, both of Denver, Colorado.
- Approved, January 7, 2025
Change In Bank Control
Secretary
Country Bancorp, Inc., Hillsboro, Illinois -- The Dan Fleming Living Trust dated October 17, 1994, Daniel D. Fleming, trustee, Carlinville, Illinois; The William Revocable Trust dated December 30, 1993, William D. Fleming, trustee, Litchfield, Illinois; The Andrew W. Fleming Trust U/A dated February 1, 2012, Andrew W. Fleming, trustee, Litchfield, Illinois; Bailey D. Fleming Living Trust dated May 1, 2015, Bailey D. Fleming, trustee, Litchfield, Illinois; The Jacob W. Fleming Trust dated July 4, 2008, Jacob W. Fleming, trustee, Litchfield, Illinois; Andrew W. Fleming, Custodian of Minor Child A UTMA, and Jacob W. Fleming, Custodian of Minor Child B UTMA, Minor Child C UTMA, and Minor Child D UTMA, all of Litchfield, Illinois; The Eaden Fleming Trust dated February 1, 2018, Eaden D. Fleming, trustee, Mt. Olive, Illinois; and Fleming Financial, Inc., Litchfield, Illinois, for which Daniel D. Fleming serves as President and William D. Fleming serves as Secretary, to join the Fleming Family Control Group, a group acting in concert, to retain voting shares of Country Bancorp, Inc., thereby indirectly retaining voting shares of Bank of Hillsboro, National Association, Hillsboro, Illinois.
- Permitted, February 12, 2025
Enforcement
Frankewing Bancshares, Inc., Frankewing, Tennessee -- issuance of a consent cease-and-desist order.
- Announced, March 20, 2025
Bank of Hawaii, Honolulu, Hawaii -- consent order of assessment of a civil money penalty pursuant to the National Flood Insurance Act.
- Announced, March 20, 2025
Lake Shore MHC and Lake Shore Bancorp Inc., both of Dunkirk, New York -- written agreement dated [June 28,] 2023, terminated March 4, 2025.
- Announced, March 13, 2025
Wells Fargo & Company, San Francisco, California -- (1) termination of cease-and-desist order dated [April 13, 2011,] as amended on February 28, 2013, and (2) with Wells Fargo Financial, Inc., Des Moines, Iowa, termination of cease-and-desist order dated July 20, 2011.
- Announced, February 4, 2025
Marblehead Bancorp and Marblehead Bank, both of Marblehead, Ohio -- written agreement dated December 14, 2023, terminated January 17, 2025.
- Announced, January 23, 2025
Extensions Of Time
Secretary
A.N.B. Holding Company, Ltd., Terrell, Texas -- extension of time to acquire additional shares of The ANB Corporation, Terrell, Texas.
- Granted, March 4, 2025
Wells Fargo & Company, San Francisco, California -- extension of time to conform or divest a merchant banking investment.
- Granted, March 3, 2025
KeyCorp, Cleveland, Ohio -- extension of time to resubmit its capital plan.
- Granted, February 11, 2025
Forms
FR 4008 -- initial Board review to extend without revision the Notice of Proposed Stock Redemption.
- Approved, March 21, 2025
FR 2644 -- final Board review to extend with revision the Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks.
- Approved, March 21, 2025
FR 2046 -- initial Board review to extend with revision the Selected Balance Sheet Items for Discount Window Borrowers.
- Approved, March 21, 2025
FR 4013 -- initial Board review to extend without revision the Notice Claiming Status as an Exempt Transfer Agent.
- Approved, March 21, 2025
FR 4004 -- initial Board review to extend without revision the Written Security Program for State Member Banks.
- Approved, March 21, 2025
FR 4006 -- initial Board review to extend without revision the Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted.
- Approved, March 21, 2025
FR 27 -- initial Board review to extend with revision the New Hire Information Collection.
- Approved, March 5, 2025
Deposit Reporting Threshold -- annual assessment, with the concurrence of the General Counsel, of the deposit reporting threshold for 2025 for the Weekly Report of Deposits (FR 2900).
- Approved, February 18, 2025
FR 2052a -- final Board review to extend without revision the Complex Institution Liquidity Monitoring Report.
- Approved, February 3, 2025
FR 3052 -- final Board review to extend without revision the Supervisory and Regulatory Survey.
- Approved, February 3, 2025
FR 3075 -- final Board review to extend without revision the Policy Impact Survey.
- Approved, February 3, 2025
FR 1401 -- final Board review to extend with revision the Application Form for Membership on the Community Advisory Council.
- Approved, February 3, 2025
FR 4001 -- final Board review to extend without revision the Domestic Branch Application.
- Approved, February 3, 2025
FR Y-8 -- final Board review to extend without revision the Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates.
- Approved, February 3, 2025
FR 4022 -- initial Board review to extend without revision the Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities.
- Approved, January 31, 2025
FR 1583 -- initial Board review to extend without revision the Notice of Proposed Declaration of Dividend.
- Approved, January 31, 2025
FR H-7 -- final Board review to extend without revision the Disclosure Requirements of Subpart H of Regulation H (Consumer Protection in Sales of Insurance).
- Approved, January 31, 2025
FR 1400 -- final Board review to extend with revision the Procurement Solicitation Package.
- Approved, January 31, 2025
FR NN -- initial Board review to extend without revision the Reporting, Recordkeeping, and Disclosure Requirements Associated with Regulation NN.
- Approved, January 31, 2025
FR 2420 -- final Board review to extend with revision the Report of Selected Money Market Rates.
- Approved, January 31, 2025
FR TT -- initial Board review to extend without revision the Reporting Provisions Associated with Regulation TT.
- Approved, January 14, 2025
FR Y-7N, FR Y-7NS, and FR Y-7Q -- final Board review to extend with revision the Reports of Foreign Banking Organizations.
- Approved, January 14, 2025
FR 2314, FR 2314S, FR Y-11, and FR Y-11S -- final Board review to extend with revision the Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations, and the Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies.
- Approved, January 14, 2025
FR 3066 -- final Board review to extend without revision the Federal Reserve Payments Study.
- Approved, January 14, 2025
FR 2034 -- initial Board review to extend without revision the Senior Credit Officer Opinion Survey on Dealer Financing Terms.
- Approved, January 14, 2025
FR II -- initial Board review to extend without revision the Recordkeeping and Disclosure Requirements Associated with Regulation II.
- Approved, January 14, 2025
Reserve Bank Operations
Reserve Bank Directors -- appointment of directors for the Detroit Branch of the Federal Reserve Bank of Chicago, for the Little Rock Branch of the Federal Reserve Bank of St. Louis, and for the Portland and Salt Lake City Branches of the Federal Reserve Bank of San Francisco.
- Approved, January 31, 2025
Employee Conduct Policy -- update.
- Approved, January 31, 2025
Regulations And Policies
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, March 7, 2025
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, March 7, 2025
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, February 6, 2025
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, February 6, 2025
BGFRS/OIG-2 -- notice of a modified system of records, BGFRS/OIG-2, "Office of Inspector General (OIG) Personnel Records."
- Approved, January 16, 2025
BGFRS-4 -- notice of a modified system of records, BGFRS-4, "FRB--General Personnel Records."
- Approved, January 16, 2025
BGFRS/OIG-1 -- notice of a modified system of records, BGFRS/OIG-1, "FRB--OIG Investigative Records."
- Approved, January 16, 2025
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
- Approved, January 10, 2025
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
- Approved, January 10, 2025
Secretary
Rules of Practice for Hearings -- final rule to adjust civil money penalty amounts.
- Approved, January 6, 2025
Banks, State Member
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make certain public welfare investments (two requests).
- Approved, February 4, 2025
Secretary
First Financial Bank, Cincinnati, Ohio -- to make a public welfare investment.
- Approved, February 4, 2025
Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
- Approved, January 8, 2025
Personnel
Office of Inspector General -- appointment of John Weismiller as assistant inspector general.
- Approved, January 16, 2025
Supervision and Regulation
General Counsel
Barclays US LLC, New York, New York -- application for approval of a proposed internal debt "conversion trigger" that would allow the Board to order the conversion of Barclays US LLC's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's TLAC (total-loss absorbing capacity) rule.
- Approved, March 14, 2025
Discover Financial Services, Riverwoods, Illinois -- to make certain capital distributions under the capital plan rule.
- Approved, March 7, 2025
Capital One Financial Corporation, McLean, Virginia -- to make certain capital distributions under the capital plan rule.
- Approved, February 7, 2025
Stress Tests -- issuance of hypothetical scenarios for 2025 stress tests.
- Approved, February 3, 2025
Other Actions
General Counsel
Niedersachsen Invest GmbH and Hannoversche Beteiligungsgesellschaft Niedersachsen mbH, both of Hannover, Germany -- request for an exemption under section 4(c)(9) of the Bank Holding Company Act.
- Granted, February 28, 2025
Niedersachsen Invest GmbH and Hannoversche Beteiligungsgesellschaft Niedersachsen mbH, both of Hannover, Germany -- request to comply with certain provisions of the Board's Regulation YY through a subsidiary.
- Granted, February 28, 2025
Network of Central Banks and Supervisors for Greening the Financial System (NGFS) -- withdrawal of the Federal Reserve Board from membership in the NGFS.
- Approved, January 16, 2025

Last Update: March 27, 2025