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 29, 2023
Bank Branches, Domestic
Boston
New Haven Bank, New Haven, Connecticut -- to establish a branch at 636 Campbell Avenue, West Haven, Connecticut.
Approved: April 27, 2023
Chicago
Huron Community Bank, East Tawas, Michigan -- to establish a branch at 508 South Bennett Street,
Rose City, Michigan.
Approved: April 24, 2023
Philadelphia
Orrstown Bank, Shippensburg, Pennsylvania -- to establish a full-service de novo branch at 4450 Long Gate Parkway, Ellicott City, Maryland.
Approved: April 27, 2023
Bank Holding Companies
Richmond
BV Financial, Inc., Sparrows Point, Maryland -- to merge with Bay-Vanguard, M.H.C., Inc., Sparrows Point, Maryland, in connection with the proposed conversion of Bay-Vanguard, M.H.C., Inc. from mutual to stock form. BV Financial, Inc. would remain the parent company of Bay Vanguard Bank, Sparrows Point, Maryland.
Approved: April 27, 2023
Bank Mergers
St. Louis
BankOkolona, Okolona, Mississippi -- to purchase certain assets and assume certain liabilities of First Federal Savings and Loan Association, Aberdeen, Mississippi, and to retain the acquired facility as a branch.
Approved: April 26, 2023
Change in Bank Control
Chicago
Bedford Bancorp, Inc., Bedford, Iowa -- James Edwin Larkin, Lawrence, Kansas, to acquire shares of Bedford Bancorp, Inc., and thereby indirectly acquire voting shares of State Savings Bank, Creston, Iowa.
Permitted: April 24, 2023
Firsnabanco, Inc., Viroqua, Wisconsin -- the Ilstrup 2023 Dynasty Trust, Milwaukee, Wisconsin, Shane O. Ilstrup, Trempealeau, Wisconsin, and Peter J. Wilder, Pewaukee, Wisconsin, as co-trustees, to join the Ilstrup Family Control Group, a group acting in concert, to acquire voting shares of Firsnabanco, Inc., and thereby indirectly acquire voting shares of First Citizens Bank, Viroqua, Wisconsin.
Permitted: April 27, 2023
Cleveland
McCreary Bancshares Inc., Whitley City, Kentucky -- David R. Ross, Whitley City, Kentucky; Edna K. Ross, Whitley City, Kentucky; and Donna R. Ross, Whitley City, Kentucky, to join the Ross Family Group, a group acting in concert, to acquire voting shares of McCreary Bancshares, Inc., and thereby indirectly acquire voting shares of United Cumberland Bank, Whitley City, Kentucky.
Permitted: April 27, 2023
Dallas
Paris Bancshares, Inc., Paris, Texas -- Dillon Scott Cecil and Randle Cecil Brooks, both of Paris, Texas, to join the Cecil/Conger Family Control Group, a group acting in concert, to acquire voting shares of Paris Bancshares, Inc., and thereby indirectly acquire voting shares of The Liberty National Bank in Paris, Paris, Texas.
Permitted: April 25, 2023
Kansas City
American Bancorporation, Inc., Sapulpa, Oklahoma -- Caroline Berry; the Brooklyn Bass Berry 2019 Irrevocable Trust; the Hannah D. Berry 2019 Irrevocable Trust; the Kaylee Doiron Berry 2019 Irrevocable Trust; William L. Berry Jr. and Stacey Berry, as co-trustees of the three preceding trusts; the James Arthur Dilley, Jr. 2019 Irrevocable Trust; the Jarret Blake Dilley 2019 Irrevocable Trust; and Jennifer Berry Dilley and James A. Dilley, as co-trustees of the two preceding trusts, all of Sapulpa, Oklahoma; to join the Berry Family Group, a group acting in concert, to retain voting shares of American Bancorporation, Inc., and thereby indirectly retain voting shares of American Heritage Bank, both of Sapulpa, Oklahoma. In addition, the Caroline Celen Berry Revocable Trust, the Guy Leonard Berry Living Trust, Caroline Berry, as trustee of the two preceding trusts, and the Elizabeth Berry Thompson Revocable Trust, Elizabeth Thompson, as trustee, all of Sapulpa, Oklahoma; to join the Berry Family Group, a group acting in concert, to acquire additional voting shares of American Bancorporation, Inc., and thereby indirectly acquire additional voting shares of American Heritage Bank.
Permitted: April 27, 2023
CCB Financial Corporation, Kansas City, Missouri -- Mary Elizabeth Thompson O'Connor, Sarasota, Florida; Kathleen Anne Thompson Brown, and Anne Therese Thompson Eckels, both of Kansas City, Missouri; Byron Gregory Thompson, Jr., Ann Arbor, Michigan; Mark Collins Thompson, Mission Hills, Kansas; Paul Joseph Thompson and Michael Scott Thompson, both of Leawood, Kansas; Timothy John Thompson, Phoenix, Maryland; Brian Christopher Thompson, Prairie Village, Kansas; as the Child Majority and the BGT Descendants' Committees, to become members of the Thompson Control Group, a group acting in concert to retain voting shares of CCB Financial Corporation and thereby indirectly retain voting shares of the Country Club Bank, Kansas City, Missouri. In addition, nine B&J Thompson Trust fbo each of the nine children named above, Country Club Bank, trustee, and the BGT Descendants' Majority Group, to retain CCB shares and join the Thompson Control Group. In addition, six Brian Christopher Thompson Descendants' Trusts fbo Brian Christopher Thompson, Jr., Jane O'Neil Thompson, Madison Thompson, John Thompson, and Mason Thompson; Country Club Bank, trustee; the BGT Descendants? Majority Group; and each of the six children as descendants of Brian Thompson; to acquire shares of CCB and join the Thompson Control Group. Finally, John Joseph O'Connor IV; Tara O'Connor Andris; Madeleine M. O'Connor Rau; Amy O'Connor Loup; Byron Gregory Thompson III; Kelsey Thompson Chun; Molly Thompson Argersinger; Theresa Thompson; Peter Thompson; Charles Thompson; Grace Thompson; Adelaide Thompson; Mark Thompson Jr.; William Thompson; Margaret Thompson; August Thompson; Mary Jeanne Thompson; Timothy Thompson, Jr.; Andrew Thompson; Catherine Thompson; Elizabeth Thompson; John Eckels; Thomas Eckels; Jeanne Eckels; William Eckels; Molly Eckels; Michael Thompson; Jr. Daniel Thompson; Margaret Thompson; and Ryan Thompson; to acquire shares of CCB and to join the Thompson Control Group.
Permitted: April 24, 2023
Extensions of Time
Philadelphia
Asian Bank, Philadelphia, Pennsylvania -- extension to November 24, 2023, to establish a branch at
934 East Passyunk Avenue, Philadelphia, Pennsylvania.
Granted: April 27, 2023