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

Bank Branches, Domestic
United Bank, Fairfax, Virginia -- to establish a branch at 4307 Williamsburg Road, Richmond, Virginia.
- Approved, October 21, 2024
United Community Bank, Greenville, South Carolina -- to establish a branch at 1105 Hatches Pond Lane, Cary, North Carolina.
- Approved, September 13, 2024
United Community Bank, Greenville, South Carolina -- to establish a branch at 1561 Main Street, Sarasota, Florida.
- Approved, September 12, 2024
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
Capital Bancorp, Inc., Rockville, Maryland -- to acquire Integrated Financial Holdings, Inc., Raleigh, North Carolina, and thereby indirectly acquire West Town Bank & Trust, North Riverside, Illinois. In addition, Capital Bancorp, Inc., will engage in loan servicing and data processing activities.
- Approved, July 9, 2024
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
Change In Bank Control
Farmers and Merchants Bancshares, Inc., Hampstead, Maryland -- Barry J. Renbaum, individually, Carol E. Renbaum, individually, both of Reisterstown, Maryland; Bryan M. Renbaum, individually, Frederick, Maryland, and the Renbaums, a group acting in concert, to acquire voting shares of Farmers and Merchants Bancshares, Inc., and thereby indirectly acquire Farmers and Merchants Bank, Upperco, Maryland.
- Permitted, September 12, 2024
Membership
United Community Bank, Greenville, South Carolina -- to become a member of the Federal Reserve System.
- Approved, May 9, 2024
Banks, State Member
United Bank, Fairfax, Virginia -- to make certain public welfare investments (three requests).
- Approved, August 12, 2024

Last Update: November 29, 2024