Board Actions

Actions taken during the week ending May 28, 2022

Bank Holding Companies

Alerus Financial Corporation, Grand Forks, North Dakota -- to merge with MPB BHC, Inc., and thereby indirectly acquire Metro Phoenix Bank, both of Phoenix, Arizona.
-Approved, May 24, 2022

MidWestOne Financial Group, Inc., Iowa City, Iowa -- to merge with Iowa First Bancshares Corp., and thereby indirectly acquire First National Bank of Muscatine, both of Muscatine, Iowa, and First National Bank in Fairfield, Fairfield, Iowa.
-Approved, May 23, 2022

Forms

Forms -- final Board review to extend without revision the Semiannual Report of Derivatives Activity (FR 2436).
-Approved, May 23, 2022

Forms -- initial Board review to extend with revision the Reports of Foreign Banking Organizations (FR Y-7N, FR Y-7NS, and FR Y-7Q).
-Approved, May 23, 2022

Personnel

Legal Division -- reorganization and appointment of Jean Anderson as deputy general counsel and Sean Croston as assistant general counsel.
-Announced, May 24, 2022