FRB: H.2--Actions under delegated authority--Week ending February 5, 2022

First National Bank of Picayune, Picayune, Mississippi -- to establish a branch at 16230 Highway 603, Kiln, Mississippi.
-Approved, February 3, 2022

First Western Bank, Booneville, Arkansas -- to establish a branch at 3914 Massard Road, Fort Smith, Arkansas.
-Approved, February 3, 2022

Independence Bank of Kentucky, Owensboro, Kentucky -- to establish a branch at 444 East Main Street, Lexington, Kentucky.
-Approved, February 4, 2022

BancPlus Corporation, Ridgeland, Mississippi -- waiver of application to acquire First Trust Corporation and thereby indirectly acquire First Bank and Trust, both of New Orleans, Louisiana, in connection with the merger of First Bank and Trust with and into BankPlus, Belzoni, Mississippi.
-Granted, February 2, 2022

Bank Michigan Financial, Brooklyn, Michigan -- to become a bank holding company by acquiring Bank Michigan, Brooklyn, Michigan.
-Approved, February 2, 2022

Home Bancorp, Inc., Lafayette, Louisiana -- waiver of application to acquire Friendswood Capital Corporation and thereby indirectly acquire its subsidiary, Texan Bank, National Association, both of Houston, Texas, in connection with the merger of Texan Bank, National Association, with and into Home Bank, National Association, Lafayette, Louisiana.
-Granted, February 4, 2022

Lee Bankshares, Inc., Pennington Gap, Virginia -- to become a bank holding company by acquiring Lee Bank and Trust Company, Pennington Gap, Virginia.
-Approved, February 2, 2022

Lowndes Bancshares, Inc., Valdosta, Georgia -- (1) to become a bank holding company by acquiring The Citizens National Bank of Quitman, Quitman, Georgia, and (2) to retain Commercial Banking Company, Valdosta, Georgia, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y.
-Approved, February 2, 2022

PBCO Financial Corporation, Medford, Oregon -- to become a bank holding company by acquiring People's Bank of Commerce, Medford, Oregon.
-Approved, February 4, 2022

Simmons First National Corporation, Pine Bluff, Arkansas -- waiver of application to merge with Spirit of Texas Bancshares, Inc., Conroe, and thereby indirectly acquire its wholly owned subsidiary, Spirit of Texas Bank, SSB, College Station, both of Texas, in connection with the merger of Spirit of Texas Bank, SSB, with and into Simmons Bank, Pine Bluff, Arkansas.
-Granted, February 4, 2022

Simmons Bank, Pine Bluff, Arkansas -- to merge with Spirit of Texas Bank, SSB, College Station, Texas, and to retain the acquired facilities as branches.
-Approved, February 4, 2022

The McGehee Bank Employee Stock Ownership Plan, McGehee, Arkansas -- extension to May 13, 2022, to acquire additional shares of Southeast Financial Bankstock Corp. and thereby increase its indirect control of McGehee Bank, both of McGehee, Arkansas.
-Granted, February 4, 2022

Popular, Inc., San Juan, Puerto Rico -- to acquire, indirectly through EVERTEC Inc., OPG Technology Corp., both of San Juan, Puerto Rico, pursuant to Regulation K.
-Approved, January 28, 2022
(A/C)

Actions under delegated authority

Actions taken during the week ending February 5, 2022

Bank Branches, Domestic

Bank Holding Companies

Bank Mergers

Extensions of Time

International Operations