Public Information Documents

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

Bank Branches, Domestic
Atlantic Union Bank, Richmond, Virginia -- to establish a branch at 13794 Smoketown Road, Woodbridge, Virginia.
- Approved, March 5, 2025
Clear Mountain Bank, Inc., Bruceton Mills, West Virginia -- to establish a branch at 241 Middletown Loop, White Hall, West Virginia, and to increase its investment in bank premises.
- Approved, January 7, 2025
Bank Holding Companies
Freedom Bancshares, Inc., Belington, West Virginia -- waiver of application to acquire Appalachian Financial Corporation and thereby indirectly acquire BCBank, Inc. (BCBK), both of Philippi, West Virginia, in connection with the merger of BCBK with and into Freedom Bank, Inc., Belington, West Virginia.
- Granted, February 12, 2025
Atlantic Union Bankshares Corporation, Glen Allen, Virginia -- (1) to acquire Sandy Spring Bancorp, Inc., and thereby indirectly acquire Sandy Spring Bank, both of Olney, Maryland, and (2) for Atlantic Union Bank, Richmond, Virginia, to merge with Sandy Spring Bank and operate Sandy Spring Bank's branches.
- Approved, January 13, 2025
Bank Premises
First Sentinel Bank, Richlands, Virginia -- to increase its investment in bank premises.
- Approved, February 12, 2025
Putnam County Bank, Hurricane, West Virginia -- to increase its investment in bank premises.
- Approved, January 14, 2025
Change In Bank Control
Freedom Bancshares, Inc., Belington, West Virginia -- The Craig G. Phillips Revocable Trust, sole trustee Craig G. Phillips, Buckhannon, West Virginia, to acquire voting shares of Freedom Bancshares, Inc., and thereby indirectly acquire voting shares of Freedom Bank, Inc., Belington, West Virginia.
- Permitted, February 10, 2025

Last Update: March 27, 2025