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

Bank Branches, Domestic
First Vision Bank of Tennessee, Tullahoma, Tennessee -- to establish a branch at 1 Burton Hills Boulevard, Nashville, Tennessee.
- Approved, November 5, 2024
Southern Bank of Tennessee, Mount Juliet, Tennessee -- to establish a branch at 5109 Peter Taylor Park Drive, Brentwood, Tennessee.
- Approved, August 16, 2024
Synovus Bank, Columbus, Georgia -- to establish a branch at 6801 Flat Rock Road, Columbus, Georgia.
- Approved, July 19, 2024
Regions Bank, Birmingham, Alabama -- to establish a mobile branch in the following counties in Tennessee: Davidson, Rutherford, Sumner, Williamson, and Wilson.
- Approved, July 12, 2024
Tennessee State Bank, Pigeon Forge, Tennessee -- to establish a branch at 575 West Broadway, Newport, Tennessee.
- Withdrawn, April 23, 2024
Bank Holding Companies
First Commerce Bancorp, Inc., Lewisburg, Tennessee -- to acquire outstanding common stock of Peoples Bank of Middle Tennessee, Shelbyville, Tennessee.
- Withdrawn, November 7, 2024
SB Financial, Inc., Mount Juliet, Tennessee -- to become a bank holding company by acquiring outstanding shares of Southern Bank of Tennessee, Mt. Juliet, Tennessee.
- Withdrawn, November 5, 2024
Lowndes Bancshares, Inc., Valdosta, Georgia -- to merge with FMB Bancshares, Inc., and therefore indirectly acquire Farmers and Merchants Bank, both of Lakeland, Georgia.
- Approved, September 26, 2024
CCB Bancorp, Inc., Athens, Georgia -- to become a bank holding company by acquiring shares of Classic City Bank, Athens, Georgia.
- Approved, August 29, 2024
Business First Bancshares, Inc., Baton Rouge, Louisiana -- waiver of application to acquire Oakwood Bancshares, Inc., and thereby indirectly acquire Oakwood Bank, both of Dallas, Texas, in connection with the merger of Oakwood Bank with and into B1 Bank, Baton Rouge, Louisiana.
- Granted, August 27, 2024
The United Bank Corporation Employee Stock Ownership Plan Trust, Barnesville, Georgia -- to become a bank holding company by acquiring voting shares of United Bank Corporation, Barnesville, Georgia, and thereby indirectly acquiring shares of United Bank, Zebulon, Georgia.
- Approved, August 14, 2024
FB Bancorp, Inc., New Orleans, Louisiana -- to become a bank holding company by acquiring control of Fidelity Bank, a state-chartered mutual savings bank (Bank), New Orleans, Louisiana, in connection with Bank's conversion from mutual to stock form.
- Approved, August 7, 2024
United Bank Corporation, Barnesville, Georgia -- to engage de novo in extending credit and servicing loans pursuant to section 225.28(b)(1) of the Board's Regulation Y.
- Approved, August 2, 2024
Southern States Bancshares, Inc., Anniston, Alabama -- waiver of application to merge with CBB Bancorp, Inc., and thereby indirectly acquire Century Bank of Georgia, both of Cartersville, Georgia, in connection with the merger of Century Bank of Georgia with and into Southern States Bank, Anniston, Alabama.
- Granted, May 31, 2024
Volunteer State Bancshares, Inc., Portland, Tennessee -- to merge with Fourth Capital Holdings, Inc., and therefore indirectly acquire Fourth Capital Bank, both of Nashville, Tennessee.
- Approved, May 23, 2024
CCB Bancorp, Inc., Athens, Georgia -- to become a bank holding company by acquiring outstanding shares of Classic City Bank, Athens, Georgia.
- Withdrawn, May 2, 2024
Bank Mergers
Commercial Bank, Harrogate, Tennessee -- to merge with Alliance Bank & Trust Company, Gastonia, North Carolina, and thereby establish branches.
- Approved, May 15, 2024
Change In Bank Control
PB Bancshares, Inc., Clifton, Tennessee -- JAG 2024 Exempt Trust and JAG 2024 Non-Exempt Trust, Calvin Thomas Gobbell, as trustee of both trusts, all of Clifton, Tennessee, to become a member of the Gobbell Family Control Group, a group acting in concert, to acquire shares of PB Bancshares, Inc., and thereby indirectly control voting shares of Peoples Bank, Clifton, Tennessee.
- Permitted, November 7, 2024
Robertson Holding Company, L.P., Harrogate, Tennessee -- John Adam Robertson; Aaron Andrew Robertson; the Edwin G. Robertson Children's Irrevocable Trust, John Adam Robertson, trustee; and the Craig E. Robertson Children's Irrevocable Trust, Aaron Andrew Robertson, trustee, all of Speedwell, Tennessee; Emily Alayne King, Powell, Tennessee; Erica Leigh Corum, Harrogate, Tennessee; Matthew Craig Robertson, Tazewell, Tennessee; and Dakota John Robertson Bristol, Tennessee; as a group acting in concert, to retain voting shares of Robertson Holding Company, L.P. Robertson Holding Company, L.P., controls Commercial Bancgroup, Inc., which controls Commercial Bank, both of Harrogate, Tennessee. In addition, Aaron Andrew Robertson, Cynthia Diane Robertson, James Oscar Robertson, John Adam Robertson, all of Speedwell, Tennessee; Sherri Jo Robertson and Noah Bradley Robertson, both of Harrogate, Tennessee; Dakota John Robertson, Bristol, Tennessee; Judith Yvonne Robertson, Cumberland Gap, Tennessee; Matthew Craig Robertson and Matthew Craig Robertson II, both of Tazewell, Tennessee; Olivia Grace Robertson, Hanahan, South Carolina; Emily Alayne King; Halle McLayne King; John McKinley King; and Riley Parker King, all of Powell, Tennessee; as a group acting in concert with Robertson Holding Company, L.P., to retain voting shares of Commercial Bancgroup, Inc.
- Permitted, October 22, 2024
Heart of Georgia Bancshares, Inc., Vidalia, Georgia -- D. Alan Thigpen, Vidalia, Georgia, an existing member of the Thigpen Family Group, to retain voting shares of Heart of Georgia Bancshares, Inc., and thereby indirectly retain voting shares of Mount Vernon Bank, Mount Vernon, Georgia, and Bank of Lumber City, Lumber City, Georgia.
- Permitted, July 12, 2024
OptimumBank Holdings, Inc., Fort Lauderdale, Florida -- Moishe Gubin and Gubin Optimum Trust, [Ft. Lauderdale,] Florida, to acquire voting shares of OptimumBank Holdings, Inc., and thereby indirectly retain voting shares of OptimumBank, Ft. Lauderdale, Florida.
- Withdrawn, June 26, 2024
CBS Banc-Corp., Russellville, Alabama -- John Gregory Mitchell Batchelor, Russellville, Alabama, and John Bradley Batchelor Reeves, Tuscumbia, Alabama, to become members of the Batchelor Family Control Group, a group acting in concert, to retain voting shares of CBS Banc-Corp. and thereby indirectly retain voting shares of CB&S Bank, Inc., Russellville, Alabama.
- Permitted, May 9, 2024
Altrust Financial Services, Inc., Cullman, Alabama -- Wanda Walker Clay, Cecil Alan Walker, Amy Prather Walker, and others, as a group acting in concert, to retain voting shares of Altrust Financial Services, Inc., and thereby indirectly retain voting shares of Peoples Bank of Alabama, Cullman, Alabama.
- Permitted, January 26, 2024
Extensions Of Time
Synovus Bank, Columbus, Georgia -- extension to May 31, 2024, to establish branches at 6801 Flat Rock Road, Columbus, Georgia; 304 20th Street South, Birmingham, Alabama; and 205 20th Street North, Birmingham, Alabama.
- Granted, May 2, 2024
Membership
Gulf Atlantic Bank, Key West, Florida -- to become a member of the Federal Reserve System.
- Approved, April 8, 2024
Banks, State Member
Regions Bank, Birmingham, Alabama -- to make a public welfare investment.
- Approved, September 20, 2024
Regions Bank, Birmingham, Alabama -- to make public welfare investments in projects that are eligible for New Markets Tax Credits equal to up to 15 percent of its capital plus surplus, subject to certain conditions; and confirmation that prior approvals to make public welfare investments in community development financial institutions and projects eligible for low-income housing tax credits remain valid.
- Approved, April 25, 2024
Synovus Bank, Columbus, Georgia -- to make three public welfare investments.
- Approved, April 17, 2024
Regions Bank, Birmingham, Alabama -- to make seven public welfare investments.
- Approved, April 9, 2024
Regions Bank, Birmingham, Alabama -- to make four public welfare investments.
- Approved, March 21, 2024
Savings and Loan Holding Companies
Magnolia Bancorp, Inc., Metairie, Louisiana -- to become a savings and loan holding company by acquiring Mutual Savings and Loan Association, Metairie, Louisiana, in connection with the mutual-to-stock conversion of Mutual Savings and Loan Association.
- Approved, November 8, 2024
Fifth District Bancorp, Inc., New Orleans, Louisiana -- to become a savings and loan holding company by acquiring Fifth District Savings Bank, New Orleans, Louisiana, in connection with the conversion of Fifth District Savings Bank from mutual to stock form.
- Approved, May 10, 2024
  • Any views expressed herein are not necessarily those of this Bank or the Federal Reserve System. Please send comments or questions to [email protected].

Last Update: November 29, 2024