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 August 19, 2023
Bank Branches, Domestic
Atlanta
Regions Bank, Birmingham, Alabama -- to establish a branch at 140 Outfield Drive, Madison, Alabama.
Approved: August 17, 2023
New York
Orange Bank & Trust Company, Middletown, New York -- to establish a branch at 1969 Central Park Avenue, Yonkers, New York.
Approved: August 18, 2023
San Francisco
Commencement Bank, Tacoma, Washington -- to establish a de novo branch at 7804 Pioneer Way, Gig Harbor, Washington.
Returned: August 18, 2023
St. Louis
Signature Bank of Arkansas, Fayetteville, Arkansas -- to establish a branch at 103 West Emma Avenue, Springdale, Arkansas
Approved: August 18, 2023
Bank Holding Companies
Kansas City
First National Bancshares, Inc. Profit Sharing and Employee Stock Ownership Plan and Trust, Goodland, Kansas -- to acquire additional voting shares of First National Bancshares, Inc., and thereby indirectly acquire additional shares of FNB Bank, both in Goodland, Kansas.
Approved: August 17, 2023
Banks, State Member
San Francisco
Pacific Premier Bank, Irvine, California -- to make certain public welfare investments.
Approved: August 17, 2023
Secretary
State Street Bank and Trust Company, Boston, Massachusetts -- to make a public welfare investment.
Approved: August 17, 2023
Change in Bank Control
Atlanta
Ocean Bankshares, Inc., Miami, Florida -- Carmen De Abreu 2023 Family Exempt Trust, Jackson, Wyoming (co-trustees Carmen Elena De Abreu, Miami, Florida; Investa Group Corp., Wilmington, Delaware; and Teton Trust Company LLC, Jackson, Wyoming), to join the Abreu Family Control Group, a group acting in concert, to acquire voting shares of Ocean Bankshares, Inc., and thereby indirectly acquire voting shares of Ocean Bank, Miami, Florida.
Permitted: August 14, 2023
Chicago
1895 Bancorp of Wisconsin, Inc., Greenfield, Wisconsin -- PyraMax Bank, FSB Employee Stock Ownership Plan Trust, Greenfield, Wisconsin, with Principal Trust Company, Wilmington, Delaware, as trustee, to acquire voting shares of 1895 Bancorp of Wisconsin, Inc., and thereby indirectly acquire voting shares of PyraMax Bank, FSB, Greenfield, Wisconsin.
Permitted: August 15, 2023
Extensions of Time
Kansas City
Enterprise Bank, Omaha, Nebraska -- extension to November 30, 2023, to establish a branch at 132nd Street, Omaha, Nebraska.
Granted: August 18, 2023
Financial Holding Companies
St. Louis
Nemo Bancshares, Inc., Madison, Missouri -- election to become a financial holding company.
Effective: August 16, 2023
Savings and Loan Holding Companies
Philadelphia
Cambray Mutual Holding Company, Gouverneur, New York -- to convert from mutual to stock form. As part of the conversion, Cambray Mutual Holding Company and Gouverneur Bancorp, Inc., Gouverneur, New York, an existing mid-tier savings and loan holding company, will cease to exist, and Gouverneur Savings and Loan Association, Gouverneur, New York, will become a wholly owned subsidiary of Gouverneur Bancorp, Inc., Gouverneur, New York, a newly formed Maryland corporation, which has applied to become a savings and loan holding company.
Approved: August 14, 2023