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 22, 2023
Bank Branches, Domestic
Kansas City
Midwest Bank, Pierce, Nebraska -- to establish a branch at 7001 Pioneer Boulevard, Lincoln, Nebraska.
Approved: July 19, 2023
Richmond
Primis Bank, Tappahannock, Virginia -- to expand its mobile branch service to Greene County, Virginia.
Approved: July 20, 2023
Bank Holding Companies
Dallas
RJ Pope Management GP, LLC, and RJ Pope Investments IV, Ltd., both of Longview, Texas -- to become bank holding companies by retaining voting shares of Overton Financial Corporation, Overton, Texas, and indirectly retaining voting shares of Overton Delaware Corporation, Lindale Delaware Corporation, Longview Financial Corporation, and Texas Bank and Trust Company, all of Longview, Texas.
Approved: July 21, 2023
New York
NBT Bancorp Inc., Norwich, New York -- waiver of application to merge with Salisbury Bancorp, Inc., Lakeville, Connecticut, in connection with the merger of Salisbury Bank and Trust Company, Lakeville, Connecticut, with and into NBT Bank, N.A., Norwich, New York. *
Granted: July 7, 2023
*Addition
Richmond
Affinity Bancshares, Inc., Covington, Georgia -- to become a bank holding company on the charter conversion of Affinity Bank, Covington, Georgia, from a federal stock savings bank to a national bank.
Approved: July 20, 2023
Bank Mergers
Kansas City
Bank of Commerce, Chanute, Kansas -- to merge with Piqua State Bank, Gas, Kansas, and thereby establish branches.
Approved: July 21, 2023
Change in Bank Control
Dallas
Longview Financial Corporation, Longview, Texas -- John Rogers Pope, Sr.; Joyce D. Pope; LOBATCO fbo John Rogers Pope, Sr. MPPP; LOBATCO fbo John Pope, Sr.; LOBATCO fbo John Pope, Jr.; the RJ Pope Investments, Ltd.; RJ Pope Investments II and III, Ltd., all of Longview, Texas; and many more, as the Pope Family Group, a group acting in concert, to retain voting shares of Longview Financial Corporation and thereby indirectly retain voting shares of Texas Bank and Trust Company, Longview, Texas.
Permitted: July 21, 2023
Kansas City
Sturm Financial Group, Inc., Denver, Colorado -- Stephen F. Sturm, as co-trustee of the 2019 Emily Sarah Sturm Trust I dated March 28, 2019, and many more, all of Denver, Colorado, to become members of the Sturm Family Control Group, a group acting in concert, to acquire voting shares of Sturm Financial Group, Inc., and thereby indirectly acquire ANB Bank, Denver, Colorado.
Permitted: July 20, 2023
Minneapolis
Minnehaha Banshares, Inc., Sioux Falls, South Dakota -- the Richard C. Baker Irrevocable Trust and William L. Baker, as business advisor, Sioux Falls, South Dakota, to become a member of the Baker Family Group, a group acting in concert, to retain voting shares of Minnehaha Bancshares, Inc., and thereby indirectly retain voting shares of First National Bank in Sioux Falls, Sioux Falls, South Dakota.
Permitted: July 20, 2023
St. Louis
Litchfield Bancshares Company, Litchfield, Illinois -- Austin F. Clark, Imperial, Missouri; Dillon C. Clark, Greta J. Fleming, Ellen C. Fleming, and Olivia G. Fleming, all of Litchfield, Illinois, to join the Fleming Family Control Group, a group acting in concert, to retain voting shares of Litchfield Bancshares Company and thereby indirectly retain voting shares of The Litchfield National Bank, Litchfield, Illinois.
Permitted: July 21, 2023
MNB Bancshares, Inc., Malvern, Arkansas -- Lambert Lynn Marshall, Little Rock, Arkansas, to retain voting shares of MNB Bancshares, Inc., and thereby indirectly retain voting shares of The Malvern National Bank, Malvern, Arkansas
Permitted: July 18, 2023
Supervision and Regulation
Director, S&R
M&T Bank Corporation, Buffalo, New York -- to make capital distributions in the third quarter of 2023 after the occurrence of an event requiring resubmission of its capital plan.
Approved: July 20, 2023