Actions under delegated authority

Actions taken during the week ending September 26, 2020

Bank Branches, Domestic

St. Louis

The Bank of Fayette County, Piperton, Tennessee -- to establish a branch at 5560 Airline Road, Arlington.
-Approved, September 24, 2020

Chicago

Independent Bank, Grand Rapids, Michigan -- to establish a branch at 8700 North 2nd Street, Brighton.
-Approved, September 23, 2020

Bank Holding Companies

St. Louis

Eclipse Bancorp, Inc., Louisville, Kentucky -- to become a bank holding company by acquiring Eclipse Bank, Inc., Louisville.
-Approved, September 22, 2020

Director, S&R

Green Dot Corporation, Pasadena, California; and Green Dot Bank, Provo, Utah -- relief from certain commitments.
-Granted, September 24, 2020

St. Louis

Holly Springs Bancshares, Inc., Holly Springs, Mississippi -- waiver of application to acquire Marshall Financial Corporation, Byhalia, in connection with the merger of Citizens Bank with and into The Bank of Holly Springs, Holly Springs.
-Granted, September 21, 2020

Banks, State Member

Chicago

Ally Bank, Sandy, Utah -- to make certain public welfare investments (two requests).
-Approved, September 21, 2020

Extensions of Time

St. Louis

Cross County Bancshares, Inc., Wynne, Arkansas -- extension to January 7, 2021, to acquire shares of Central Bank, Little Rock.
-Granted, September 23, 2020

Chicago

West Michigan Community Bank, Hudsonville, Michigan -- extension to September 21, 2020, to establish a branch at 4797 Cascade Road, SE, Grand Rapids.
-Granted, September 21, 2020

Membership

Secretary

First National Bank, Waverly, Iowa -- to retain membership in the Federal Reserve System on conversion to a state-chartered bank (to be known as First Bank).
-Approved, September 22, 2020

Savings and Loan Holding Companies

General Counsel

State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- request for an exemption to permit an individual to become an institution-affiliated party.
-Granted, September 21, 2020

Supervision and Regulation

General Counsel

Barclays US LLC, New York, New York -- application for approval of proposed internal debt "conversion triggers" that would allow the Board to order the conversion of Barclay US LLC's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's total loss-absorbing capacity (TLAC) rule.
-Approved, September 22, 2020

Director, S&R

BMO Financial Corp., Wilmington, Delaware -- to make additional capital distributions in the third quarter of 2020.
-Approved, September 22, 2020