Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Actions under delegated authority PDF
Actions taken during the week ending October 29, 2022
Bank Holding Companies
Atlanta
Banco Davivienda S.A., Bogota, Colombia -- to engage de novo in financial and investment advisory activities through its proposed new wholly owned subsidiary, Davivienda Investment Advisors USA, LLC, Miami, Florida, pursuant to section 225.28(b)(6) of the Board's Regulation Y
Approved: October 28, 2022
Barwick Bancorp, Inc., St. Augustine, Florida -- to become a bank holding company by acquiring Barwick Banking Company, Barwick, Georgia, and election to become a financial holding company
Approved: October 27, 2022
Director, S&R
Pacific National Bank, Miami, Florida -- request by Stephen H. Deckoff and Mounir Nahas for relief from certain commitments *
Granted: October 18, 2022
*Addition
Kansas City
AllBank Holding Company, Inc., Tulsa, Oklahoma -- to become a bank holding company through the acquisition of Bank of Locust Grove, Locust Grove, Oklahoma
Approved: October 26, 2022
Pinnacle Bancorp, Inc., Omaha, Nebraska -- waiver of filing requirements of section 3 of the Bank Holding Company Act, in connection with its indirect acquisition of Crockett National Bank, San Antonio, Texas
Granted: October 26, 2022
St. Louis
First Waterloo Bancshares, Inc., Waterloo, Illinois -- to merge with Village Bancshares, Inc., and thereby indirectly acquire The Village Bank, both of Saint Libory, Illinois
Approved: October 26, 2022
Banks, State Member
San Francisco
Bank of Hawaii, Honolulu, Hawaii -- to make three public welfare investments
Approved: October 25, 2022
Farmers and Merchants Bank of Long Beach, Long Beach, California -- to make a public welfare investment
Approved: October 24, 2022
Secretary
First Financial Bank, Cincinnati, Ohio -- to make three public welfare investments
Approved: October 24, 2022
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment
Approved: October 28, 2022
Change in Bank Control
Atlanta
Heart of Georgia Bancshares, Inc., Vidalia, Georgia -- Donald M. Thigpen, a member of the Thigpen Family Group, Vidalia, Georgia; to retain voting shares of Heart of Georgia Bancshares, Inc., Vidalia, Georgia, and thereby indirectly retain voting shares of Mount Vernon Bank, Mount Vernon, Georgia, and Bank of Lumber City, Lumber City, Georgia. In addition, D. Alan Thigpen and Thomas Conner Thigpen, both of Vidalia, Georgia, to join the Thigpen Family Group, a group acting in concert, to retain voting shares of Heart of Georgia Bancshares, Inc., and thereby indirectly retain voting shares of Mount Vernon Bank and Bank of Lumber City
Permitted: October 24, 2022
Chicago
Mediapolis Bancorporation, Mediapolis, Iowa -- the Janet K. Lanz Trust, Janet K. Lanz, as trustee, the Kenneth E. Lanz Trust, and Kenneth E. Lanz, as trustee, all of Wapello, Iowa; and the Jon A. Schmidgall Trust, Jon A. Schmidgall, as trustee, the Julie A. Schmidgall Trust, Julie A. Schmidgall, as trustee, and JoAnn Steiner, all of Mediapolis, Iowa; to join the Schmidgall Family Control Group, a group acting in concert, to retain voting shares of Mediapolis Bancorporation and thereby indirectly retain voting shares of Mediapolis Savings Bank, Mediapolis, Iowa
Permitted: October 28, 2022
Savings and Loan Holding Companies
Cleveland
First Mutual Holding Co., Lakewood, Ohio -- to form a nonbank subsidiary, AlloBaaS, LLC, to provide information technology services to its subsidiary savings banks, First Federal Savings and Loan Association of Lakewood, Lakewood, Ohio; First Mutual Bank, FSB, Belpre, Ohio; Blue Grass Federal Savings and Loan Association, Paris, Kentucky; Warsaw Federal Savings and Loan Association, Cincinnati, Ohio; and Martinsville First Savings Bank, Martinsville, Virginia; and to make information technology investments, pursuant to section 238.53 of Regulation LL
Approved: October 25, 2022