Actions under delegated authority PDF

Actions taken during the week ending August 12, 2023

Bank Branches, Domestic
St. Louis

First Savings Bank, Jeffersonville, Indiana -- to establish branches at (1) the corner of Hamburg Pike and Veterans Parkway, Jeffersonville, Indiana; (2) 4909 Old Vincennes Road, Floyd Knobs, Indiana; and (3) 1251 East National Highway, Washington, Indiana.
Withdrawn: August 7, 2023

The Peoples Bank, Marion, Kentucky -- to establish a branch at 600 Mammoth Cave Street, Cave City, Kentucky.
Approved: August 11, 2023

Bank Holding Companies
Atlanta

Traditions First Bancorp, Inc., Erin, Tennessee -- to become a bank holding company by acquiring outstanding shares of Traditions First Bank, Erin, Tennessee.
Approved: August 10, 2023

New York

The K&Z Company LLC, Brooklyn, New York -- to become a bank holding company by acquiring The Upstate National Bank, Ogdensburg, New York.
Withdrawn: August 11, 2023

Nave Holdings, Inc., San Juan, Puerto Rico -- (1) to become a bank holding company by acquiring Nave Bank, San Juan, Puerto Rico, and (2) for Nave Bank to become a member of the Federal Reserve System.
Approved: August 9, 2023

San Francisco

Bancorp 34, Inc., Scottsdale, Arizona -- to acquire CBOA Financial, Inc., and thereby indirectly acquire Commerce Bank of Arizona, Inc., both of Tucson, Arizona.
Approved: August 11, 2023

Banks, State Member
New York

Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: August 11, 2023

Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: August 8, 2023

Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: August 7, 2023

San Francisco

East West Bank, Pasadena, California -- to make two public welfare investments.
Approved: August 11, 2023

Secretary

First Financial Bank, Cincinnati, Ohio -- to make four public welfare investments.
Approved: August 11, 2023

Membership
Kansas City

BancFirst, Oklahoma City, Oklahoma -- to become a member of the Federal Reserve System.
Approved: August 11, 2023

St. Louis

CS Bank, Eureka Springs, Arkansas -- to become a member of the Federal Reserve System.
Approved: August 7, 2023

Regulations and Policies
General Counsel

Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
Approved: August 9, 2023

Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: August 9, 2023

Savings and Loan Holding Companies
Chicago

PFS Bancorp, Inc. (a newly formed Maryland corporation), Peru, Illinois -- to become a savings and loan holding company by acquiring Peru Federal Savings Bank, Peru, Illinois, in connection with the conversion from mutual to stock form of Peru Federal Savings Bank.
Approved: August 11, 2023

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Last Update: August 17, 2023