Actions under delegated authority

Actions taken during the week ending September 4, 2021

Bank Branches, Domestic

Atlanta

SmartBank, Pigeon Forge, Tennessee -- to establish a branch at 337 Airport Road, Auburn, Alabama.
-Approved, September 2, 2021

Bank Holding Companies

Kansas City

Central Bancshares, Inc., Cambridge, Nebraska -- request by Adams Land Improvement, Cambridge, Nebraska, for relief from certain commitments.
-Granted, September 3, 2021

Chicago

Nicolet Bankshares, Inc., Green Bay, Wisconsin -- to merge with County Bancorp Inc. and thereby indirectly acquire Investors Community Bank, both of Manitowoc, Wisconsin.
-Approved, September 1, 2021

Richmond

Shore Bancshares, Inc., Easton, Maryland -- to acquire Severn Bancorp, Inc., and thereby indirectly acquire Severn Savings Bank, FSB, both of Annapolis, Maryland.
-Approved, September 1, 2021

New York

Valley National Bancorp, New York, New York -- waiver of application to merge with The Westchester Bank Holding Corporation, and thereby indirectly acquire The Westchester Bank (TWB), both of White Plains, New York, in connection with the merger of TWB with and into Valley National Bank, Passaic, New Jersey.
-Granted, September 2, 2021

Extensions of Time

Kansas City

Bern Bancshares, Inc., Bern, Kansas -- extension to December 8, 2021, to acquire voting shares of UBT Bancshares, Inc., and thereby indirectly acquire United Bank & Trust, both of Marysville, Kansas.
-Granted, September 3, 2021

Secretary

Risk Management Guidance for Third-Party Relationships -- extension of the comment period to October 18, 2021, for proposed interagency guidance.
-Granted, September 3, 2021

Financial Holding Companies

New York

Valley National Bancorp, New York, New York -- election to become a financial holding company.
-Effective, September 2, 2021

International Operations

Chicago

Northern Trust Corporation, Chicago, Illinois -- prior notice to make an investment pursuant to Regulation K.
-Withdrawn, September 3, 2021