Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

Actions under delegated authority

Actions taken during the week ending February 22, 2020


Bank Branches, Domestic

Kansas City
Bank of Bennington, Bennington, Nebraska -- to establish a branch at 3933 South 14th Street, Lincoln.
-Approved, February 20, 2020

St. Louis
BankFirst Financial Services, Macon, Mississippi -- to establish a branch at 22 Millbranch Road, Hattiesburg.
-Approved, February 19, 2020

Richmond
Coastal Bank & Trust, Jacksonville, North Carolina -- to establish a branch at 4737 G Arandell Street, Morehead City.
-Approved, February 20, 2020

Richmond
The First Bank and Trust Company, Lebanon, Virginia -- to establish a branch at 1101 Hisey Avenue, Woodstock, and increase its investment in bank premises.
-Approved, February 19, 2020

Bank Holding Companies

Atlanta
Pinnacle Financial Corporation, Elberton, Georgia -- to merge with SBT Bancorp, Inc., Clarkesville, and thereby acquire Southern Bank & Trust.
-Approved, February 18, 2020

Bank Mergers

Chicago
Oregon Community Bank, Oregon, Wisconsin -- to merge with McFarland State Bank, McFarland, and thereby establish branches at the main office and 5990 Highway 51, McFarland; 8215 Greenway Boulevard, Middleton; 205 East Washington Street, Stoughton; 2401 Jackson Street; and 2580 Ironwood Drive, Sun Prairie.
-Approved, February 20, 2020

Banks, State Member

Atlanta
BBVA USA, Birmingham, Alabama -- to make certain public welfare investments.
-Approved, February 14, 2020
(A/C)

Change in Bank Control

Chicago
DMB Corporation, Inc., De Forest, Wisconsin -- to retain control of DMB Corporation, Inc., and its subsidiary, DMB Community Bank, De Forest.
-Permitted, February 19, 2020

Minneapolis
Metro North Bancshares, Inc., Elk River, Minnesota -- to retain control of Metro North Bancshares, Inc., and its subsidiary, The Bank of Elk River, Elk River.
-Permitted, February 21, 2020

Extensions of Time

Kansas City
First Nebraska Bank, Valley, Nebraska -- extension to July 1, 2020, to establish a branch at 20421 George B. Lake Parkway, Elkhorn.
-Granted, February 20, 2020

St. Louis
M&P Community Bancshares, Inc. 401(k) Employee Stock Ownership Plan, Newport, Arkansas -- extension to May 31, 2020, to acquire additional shares of M&P Community Bancshares, Inc., Newport.
-Granted, February 20, 2020

Kansas City
Madison County Bank, Madison, Nebraska -- extension to May 1, 2020, to establish a branch at 1650 North 13th Street, Norfolk.
-Granted, February 18, 2020

Minneapolis
Meta Financial Group, Inc., Sioux Falls, South Dakota -- extension to April 15, 2020, to become a bank holding company on the conversion of its savings bank subsidiary, MetaBank, Sioux Falls, into a national bank (to be named MetaBank, National Association).
-Granted, February 21, 2020

Minneapolis
Pioneer Bank, Mapleton, Minnesota -- extension to May 22, 2020, to establish a branch at 1450 Adams Street, Mankato.
-Granted, February 20, 2020

Boston
State Street Bank and Trust Company, Boston, Massachusetts; and State Street International Holdings (SSIH) -- extension of time to invest in certain subsidiaries of SSIH, under Regulation K.
-Granted, February 19, 2020

Dallas
Woodforest Financial Group Employee Stock Ownership Plan (w/ 401(k) Provisions) (Amended and Restated Eff. 01/01/16), The Woodlands, Texas; and Woodforest Financial Group Employee Stock Ownership Trust -- extension to June 18, 2020, to acquire shares of Woodforest Financial Group, Inc., The Woodlands, and indirectly acquire Woodforest National Bank, Houston.
-Granted, February 14, 2020
(A/C)

Financial Holding Companies

Atlanta
FSB, LLC, Florence, Alabama -- election to become a financial holding company.
-Effective, February 18, 2020

Supervision and Regulation

General Counsel
RBC US Group Holdings, LLC (RBC US), Toronto, Canada -- application for approval of a proposed internal debt "conversion trigger" that would allow the Board to order the conversion of RBC US's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's total loss-absorbing capacity (TLAC) rule.
-Approved, February 21, 2020

Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco