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 April 22, 2023
Bank Branches, Domestic
St. Louis
Simmons Bank, Pine Bluff, Arkansas -- to establish a branch at 510 Tillman Street, Memphis, Tennessee.
Approved: April 17, 2023
Bank Holding Companies
Chicago
Byline Bancorp, Inc., Chicago, Illinois -- waiver of application to acquire Inland Bancorp, Inc., and thereby indirectly acquire Inland Bank & Trust (Inland), both of Oak Brook, Illinois, in connection with the merger of Inland with and into Byline Bank, Chicago, Illinois. *
Granted: April 12, 2023
*Addition
Longview Capital Corporation, Newman, Illinois -- waiver of application to acquire Bank of Chestnut,
Chestnut, Illinois, in connection with the merger of Bank of Chestnut with and into Longview Community Bank, Mount Pulaski, Illinois.
Granted: April 20, 2023
Secretary
A.N.B. Holding Company, Ltd., Terrell, Texas -- to increase its ownership interest in The ANB Corporation, which controls The American National Bank of Texas, both of Terrell, Texas.
Approved: April 17, 2023
Bank Mergers
Dallas
First State Bank of Livingston, Livingston, Texas -- to merge with First National Bank, Jasper, Texas, and thereby establish branches.
Approved: April 21, 2023
Banks, State Member
Dallas
Charles Schwab Bank, SSB, Westlake, Texas -- to make certain public welfare investments (three requests).
Approved: April 21, 2023
Change in Bank Control
Dallas
Americo Bancshares, Inc., Wolfforth, Texas -- John M. Moore, as trustee of the John M. Moore 2003 Exempt Family Trust, the Thomas Blake Moore 2021 Exempt Trust, the Hunter Marshall Moore 2021 Exempt Trust and as Managing Partner of JPM Interests Ltd., all of Wolfforth, Texas, and as co-trustee of the James Todd Moore Exempt Lifetime Trust, Dallas, Texas; Melissa Thoveson, as trustee of the Ryan Butler Thoveson 2021 Exempt Trust, the Alec Steele Thoveson 2021 Exempt Trust, the Melissa A. Thoveson 2003 Exempt Family Trust, and as co-trustee of the James Todd Moore Exempt Lifetime Trust, all of Dallas, Texas; and James Todd Moore, Dallas, Texas; to become members of the Moore Family Group, a group acting in concert, to retain voting shares of Americo Bancshares, Inc., and indirectly retain voting shares of American Bank of Commerce, Wolfforth, Texas.
Permitted: April 20, 2023
Supervision and Regulation
Director, S&R
M&T Bank Corporation, Buffalo, New York -- to make capital distributions in the second quarter of 2023 after the occurrence of an event requiring resubmission of its capital plan.
Approved: April 17, 2023
TD Group U.S. Holdings, LLC, Wilmington, Delaware -- to make capital distributions in the first quarter of 2023 after the occurrence of an event requiring resubmission of its capital plan.
Approved: April 17, 2023
UBS Americas Holding LLC, New York, New York -- to exclude certain deferred tax assets and deferred tax liabilities from regulatory capital. *
Granted: April 14, 2023
*Addition
General Counsel
Barclays US LLC, New York, New York -- application for approval of proposed internal debt "conversion trigger" that would allow the Board to order the conversion of Barclays US LLC's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's total loss-absorbing capacity (TLAC) rule.
Granted: April 21, 2023