Actions taken by the Federal Reserve Bank of Cleveland under delegated authority

Bank Branches, Domestic
Whitaker Bank, Lexington, Kentucky -- to establish a branch at 100 May Boulevard, Danville, Kentucky.
- Approved, May 30, 2024
Bank Holding Companies
The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- to engage in community development activities up to 15 percent of total consolidated capital and surplus pursuant to section 225.28(b)(12) of the Board's Regulation Y.
- Approved, September 27, 2024
Main Street Financial Services Corp., Wheeling, West Virginia -- to acquire Wayne Savings Bancshares Inc., and thereby indirectly acquire Wayne Savings Community Bank, both of Wooster, Ohio.
- Approved, March 13, 2024
KFB Holdings, Inc, Ashland, Kentucky -- to become a bank holding company by acquiring Kentucky Farmers Bank Corporation, Ashland, Kentucky.
- Approved, February 16, 2024
Nextier Incorporated, Kittanning, Pennsylvania -- to acquire Mars Bancorp, Inc., and thereby acquire Mars Bank, both of Mars, Pennsylvania, through the merger with and into NexTier Bank, N.A., Kittanning, Pennsylvania.
- Approved, January 29, 2024
Change In Bank Control
Citizens Guaranty Financial Corporation, Irvine, Kentucky -- Larry T. Clark, Danville, Kentucky, as successor trustee of the John M. St. Clair, Jr. Trust dated January 16, 2006, to retain voting shares of Citizens Guaranty Financial Corporation and thereby indirectly retain voting shares of Citizens Guaranty Bank, Richmond, Kentucky.
- Permitted, November 14, 2024
International Operations
The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- notice under 12 CFR 211.9(f) for Harris Williams UK Holdings LLC to invest in Harris Williams & Co. Ltd., London, England, and Harris Williams & Co. Corporate Finance Advisors GmbH, Frankfurt, Germany.
- Reviewed and no objection, May 21, 2024
Savings and Loan Holding Companies
Monroe Federal Bancorp, Inc., Tipp City, Ohio -- to become a savings and loan holding company by acquiring Monroe Federal Savings and Loan Association (MFSLA), Tipp City, Ohio, in connection with the conversion of MFSLA from mutual to stock form.
- Approved, August 15, 2024

Last Update: November 29, 2024