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

Bank Branches, Domestic
United Community Bank, Greenville, South Carolina -- to establish a branch at 1110 North Charles Seivers Boulevard, Clinton, Tennessee.
- Approved, July 2, 2024
Primis Bank, Tappahannock, Virginia -- to expand courier services in Spotsylvania County, Virginia; Fredericksburg, Virginia; Charles County, Maryland; Frederick County, Maryland; Richmond County, Virginia; Westmoreland County, Virginia; and King George County, Virginia.
- Approved, June 17, 2024
John Marshall Bank, Reston, Virginia -- to establish a branch at 540 Fort Evans Road, Leesburg, Virginia.
- Approved, May 31, 2024
Coastal States Bank, Hilton Head Island, South Carolina -- to establish a branch at 1029 Boundary Street, Beaufort, South Carolina.
- Approved, March 27, 2024
Atlantic Union Bank, Richmond, Virginia -- to establish a branch at 13986 Metrotech Drive, Chantilly, Virginia.
- Approved, March 20, 2024
First Bank, Strasburg, Virginia -- to establish a branch at 310 First Street, Roanoke, Virginia.
- Approved, March 19, 2024
Bank of the James, Lynchburg, Virginia -- to establish a branch at 2773-B Rockfish Valley Highway, Nellysford, Virginia.
- Approved, February 14, 2024
Bank Holding Companies
First National Corporation, Strasburg, Virginia -- waiver of application to acquire Touchstone Bankshares, Inc., Prince George, Virginia, and thereby indirectly acquire Touchstone Bank, McKenney, Virginia, in connection with the merger of Touchstone Bank with and into First Bank, Strasburg, Virginia.
- Granted, June 27, 2024
Burke & Herbert Financial Services Corp., Alexandria, Virginia -- waiver of application to acquire Summit Financial Group, Inc., Moorefield, West Virginia, in connection with the merger of Summit Community Bank, Inc., Moorefield, West Virginia, with and into Burke & Herbert Bank & Trust Company, Alexandria, Virginia.
- Granted, April 16, 2024
Bank Mergers
First Bank, Strasburg, Virginia -- to merge with Touchstone Bank, McKenney, Virginia, and thereby establish branches.
- Approved, June 27, 2024
Bank Premises
Benchmark Community Bank, Kenbridge, Virginia -- to increase its investment in bank premises.
- Approved, January 30, 2024
Membership
United Community Bank, Greenville, South Carolina -- to become a member of the Federal Reserve System.
- Approved, May 9, 2024

Last Update: July 11, 2024