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 January 7, 2023
Bank Branches, Domestic
St. Louis
Legacy Bank & Trust Company, Mountain Grove, Missouri -- to establish a branch at 222 North Detroit Avenue, Tulsa, Oklahoma.
Approved: January 6, 2023
Bank Holding Companies
Chicago
Savanna-Thomson Investment, Inc., Savanna, Illinois -- to merge with Maximum Bancshares, Inc., and thereby indirectly acquire Fidelity Bank, both of West Des Moines, Iowa.
Approved: January 5, 2023
St. Louis
Bradford Bancorp, Inc., Greenville, Illinois -- to merge with Community Bancshares, Inc., and thereby indirectly acquire Community Trust Bank, both of Irvington, Illinois.
Approved: January 3, 2023
Change in Bank Control
Chicago
Halbur Bancshares, Inc., Westside, Iowa -- Maureen Beck, Carroll, Iowa, and Jeffrey Renner, Bellevue, Nebraska; to join the White Family Control Group, and the Dennis Family Control Group, respectively, both groups acting in concert, to acquire voting shares of Halbur Bancshares, Inc., and thereby indirectly acquire voting shares of Westside State Bank, Westside, Iowa. In addition, Matthew N. Lujano, Carroll, Iowa; a member of the White Family Control Group, to acquire additional voting shares of Halbur Bancshares, Inc., and thereby indirectly acquire voting shares of Westside State Bank.
Permitted: January 3, 2023
St. Louis
Bradford Bancorp, Inc., Greenville, Illinois -- The James C. Keaster III Revocable Trust, James C. Keaster, as trustee, the Rebecca R. Keaster Revocable Trust, Rebecca R. Keaster, as trustee, and James Keaster IV, all of Greenville, Illinois; Benjamin Keaster, and Marie Keaster, both of Spring Arbor, Michigan; as a group acting in concert, to retain voting shares of Bradford Bancorp, Inc., and thereby indirectly retain voting shares of The Bradford National Bank of Greenville, Greenville, Illinois.
Permitted: January 3, 2023
Extensions of Time
Secretary
Quontic Bank Acquisition Corp. (QBAC) and Quontic Bank Holdings Corp. (QBHC), both of New York, New York -- request to extend the comment period for the notice under the Change in Bank Control Act by (1) the estate of Steven B. Schnall, et al., to retain voting shares of QBAC and QBHC, and thereby retain voting shares of Quontic Bank, New York, New York; and (2) the Schnall Disclaimer Trust A, et al., to acquire voting shares of QBAC and QBHC, and thereby indirectly acquire shares of Quontic Bank.
Denied: January 3, 2023
Regulations and Policies
Secretary
Rules of Practice for Hearings -- final rule adjusting the Board's civil money penalties to account for inflation.
Approved: January 5, 2023