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 July 8, 2023
Bank Branches, Domestic
Dallas
Texas First Bank, Texas City, Texas -- to establish a branch at 1965 South Loop 336 West, Conroe, Texas.
Approved: July 6, 2023
Minneapolis
Frandsen Bank & Trust, Lonsdale, Minnesota -- to establish a branch at 823 Belknap Street, Superior, Wisconsin.
Approved: July 7, 2023
Secretary
First Financial Bank, Cincinnati, Ohio -- to establish a branch at 7152 Reading Road, Cincinnati, Ohio.
Approved: July 3, 2023
St. Louis
First Horizon Bank, Memphis, Tennessee -- to establish a branch at 3509 Frederica Road, St. Simons Island, Georgia.
Approved: July 7, 2023
Banks, State Member
New York
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: July 5, 2023
Change in Bank Control
Chicago
Fisher Bancorp, Inc., Fisher, Illinois -- Michael Estes, Debra Estes, Dean Tabor, and Sharon Tabor, all of Fisher, Illinois; Lyndon S. Estes, Westfield, Indiana; Boyd M. Estes, Chicago, Illinois, and many more; to form the Estes Family Control Group, a group acting in concert, to retain voting shares of Fisher Bancorp, Inc., and thereby indirectly retain voting shares of The Fisher National Bank, Fisher, Illinois, and Catlin Bank, Catlin, Illinois.
Permitted: July 5, 2023
Financial Holding Companies
Richmond
ODNB Financial Corporation, Tysons Corner, Virginia -- election to become a financial holding company.
Effective: July 6, 2023
International Operations
Secretary
The Northern Trust Company, Chicago, Illinois, and The Northern Trust International Banking Corporation, Jersey City, New Jersey -- waiver of the remainder of the prior-notice period for The Northern Trust International Banking Corporation to make an investment in Northern Trust MENA RHQ, Riyadh, Saudi Arabia, pursuant to section 211.9(f) of Regulation K.
Granted: July 6, 2023
Regulations and Policies
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
Approved: July 7, 2023
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: July 7, 2023