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 November 12, 2022
Bank Branches, Domestic
Kansas City
ANB Bank, Denver, Colorado -- to establish a branch at 2595 Canyon Boulevard, Boulder, Colorado
Approved: November 10, 2022
St. Louis
BankFirst Financial Services, Macon, Mississippi -- to establish a branch at 207 West Main Street, Tupelo, Mississippi
Approved: November 9, 2022
Bank Holding Companies
Cleveland
Racine HNB, Inc., Racine, Ohio -- to become a bank holding company by acquiring Home National Bank, Racine, Ohio, pursuant to section 3(a)(1) of the Bank Holding Company Act of 1956, as amended
Approved: November 9, 2022
Minneapolis
Luminate Capital Corp., Minnetonka, Minnesota -- to become a bank holding company by acquiring Luminate Bank, Minnetonka, Minnesota
Approved: November 9, 2022
Banks, State Member
Chicago
Ally Bank, Sandy, Utah -- to make a public welfare investment *
Approved: October 31, 2022
*Addition
Secretary
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment
Approved: November 8, 2022
Change in Bank Control
Chicago
Delhi Bancshares, Inc., Marion, Iowa -- Justin B. Danover, San Jose, California; Jeremy A. Danover, Los Angeles, California; Jacquelyn N. Danover, Marion, Iowa; Catheryn J. Cooper, Marion, Iowa; Cole D. Cooper, Denver, Colorado; Carli L. Cooper, Marion, Iowa; Anne E. Gothard, Scottsdale, Arizona; Hallie S. Cooper, Cedar Rapids, Iowa; Bennett C. Cooper, Cedar Rapids, Iowa; Riley J. Cooper; Tyler N. Cooper; and a minor shareholder, all of Batavia, Illinois, to join the Cooper Family Control Group, a group acting in concert, to retain voting shares of Delhi Bancshares, Inc., and thereby indirectly retain voting shares of Heritage Bank, Marion, Iowa
Permitted: November 8, 2022
Cleveland
The St. Henry Bancorp Inc., Saint Henry, Ohio -- the John Romer Trust B, David J. Romer, trustee, St. Henry, Ohio, and David J. Romer, individually, St. Henry, Ohio, to join the previously approved Romer Family Control Group and retain voting shares of The Saint Henry Bancorp, Inc., and thereby indirectly retain voting shares of The St. Henry Bank, Saint Henry, Ohio
Permitted: November 10, 2022
Dallas
Coastal Bancshares, Inc., Pearland, Texas -- Randall Lee Ferguson-1995 GSST Trust fbo Randall Lee Ferguson, Ferguson 1998 Trust fbo Randall Lee Ferguson, Randall Lee Ferguson, as trustee of both trusts, and Clinton Alexander Ferguson, all of Pearland, Texas, to join the Ferguson Family Control Group, a group acting in concert, and to retain voting shares of Coastal Bancshares, Inc., and thereby indirectly retain voting shares of Pearland State Bank and First National Bank of Alvin, both of Pearland, Texas; additionally, Randall Lee Ferguson, individually, and Ferguson 2013 Family Trust fbo Randall Lee Ferguson, Randall Lee Ferguson, as trustee, Pearland, Texas, to join the Ferguson Family Control Group, and to acquire voting shares of Coastal Bancshares, Inc., and thereby indirectly acquire voting shares of Pearland Bank and Alvin Bank
Permitted: November 10, 2022
Regulations and Policies
Chair
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19
Approved: November 10, 2022
Supervision and Regulation
Director, S&R
The Goldman Sachs Group, Inc., New York, New York -- targeted relief from limited requirements under the Board's capital rule
Granted: November 9, 2022