Board of Governors of the Federal Reserve System

Primis Bank, Tappahannock, Virginia -- to expand its existing courier service into Montgomery County, Maryland.
Approved: December 19, 2022

Encore Bank, Little Rock, Arkansas -- to establish a branch at 1911 11th Street, Boulder, Colorado.
Approved: December 21, 2022

Simmons Bank, Pine Bluff, Arkansas -- to establish a branch at 501 Southwest Drive, Jonesboro, Arkansas.
Approved: December 22, 2022

Simmons Bank, Pine Bluff, Arkansas -- to establish a branch at 2815 Longview Drive, Jonesboro, Arkansas.
Approved: December 22, 2022

Piedmont Bancorp, Inc., Norcross, Georgia -- to engage in permissible nonbanking lending activities, pursuant to section 225.28(b)(1) of Regulation Y. *
Withdrawn: December 13, 2022
*Addition

Hoosier Heartland State Bancorp Employee Stock Ownership and Savings Plan Trust, Crawfordsville, Indiana -- to become a bank holding company by acquiring Hoosier Heartland State Bancorp and thereby indirectly acquiring Hoosier Heartland State Bank, both of Crawfordsville, Indiana. *
Approved: December 14, 2022
*Addition

Security Bancshares, Inc., Scott City, Kansas -- waiver of application for the indirect acquisition of Bank of Burlington, Burlington, Colorado, in connection with the merger of Bank of Burlington with and into Farmers & Merchants Bank of Colby, Colby, Kansas.
Granted: December 19, 2022

Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment (two requests).
Approved: December 22, 2022

First State Bancshares, Inc., St. Charles, Missouri -- the First State Bank of St. Charles Employee Stock Ownership Plan (ESOP), and Luanne Caryl Cundiff, James Raymond Droste, Christopher Anthony Goellner, John Wesley McClure IV, and David Paul Strautz, all of St. Charles, Missouri, with each of the preceding individuals serving as trustees of the ESOP, together as a group acting in concert, to control First State Bancshares, Inc., and its subsidiary bank, First State Bank of St. Charles, St. Charles, Missouri.
Permitted: December 20, 2022

Citigroup Inc., New York, New York -- extension of time to conform or divest a merchant banking investment.
Granted: December 20, 2022

Deutsche Bank AG, Frankfurt, Germany, and DB USA Corporation, New York, New York -- extension of time to conform or divest a merchant banking investment.
Granted: December 19, 2022

Peoples Bank, Clifton, Tennessee -- to become a member of the Federal Reserve System and to maintain its investment in bank premises.
Approved: December 20, 2022

Policy on Payment System Risk -- notice of modifications to accommodate enhancements to the Automated Claims Adjustment Process.
Approved: December 20, 2022