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 September 16, 2023
Bank Branches, Domestic
Cleveland
Community Bank Trust, Inc., Pikeville, Kentucky -- to establish a branch at 8660 Haines Drive, Florence, Kentucky.
Approved: September 11, 2023
Bank Holding Companies
Richmond
Capital Funding Bancorp, Inc., Baltimore, Maryland -- to engage de novo in extending credit and servicing loans.
Withdrawn: September 15, 2023
Churchill Bank Corporation, Clearwater, Florida -- to become a bank holding company by acquiring Miners Exchange Bank, Coeburn, Virginia.
Withdrawn: September 14, 2023
St. Louis
Edmonton Bancshares, Inc., Edmonton, Kentucky -- waiver of application to merge with Sumner Financial Corporation and thereby indirectly acquire Sumner Bank & Trust Company, both of Gallatin, Tennessee, in connection with the merger of Sumner Bank & Trust Company with and into Edmonton State Bank, Glasgow, Kentucky.
Granted: September 15, 2023
Banks, State Member
Atlanta
Regions Bank, Birmingham, Alabama -- to make two public welfare investments.
Approved: September 14, 2023
Regions Bank, Birmingham, Alabama -- to make a public welfare investment. *
Approved: September 6, 2023
*Addition
Change in Bank Control
Kansas City
Goppert Financial Corporation, Lee?s Summit, Missouri -- the Richard D. Goppert Revocable Inter Vivos Trust dated 6-25-87, Lee?s Summit, Missouri, and Thomas Goppert, trustee, Lake Winnebago, Missouri; the Douglas R. Goppert and Rita A Goppert Family Trust dated 10-13-2011, and others, to become members of the Goppert Family Group, a group acting in concert, to retain voting shares of Goppert Financial Corporation, Lee?s Summit, Missouri, and thereby indirectly retain voting shares of Goppert State Service Bank, Garnett, Kansas, and Goppert Financial Bank, Lathrop, Missouri. edit
Permitted: September 15, 2023
Secretary
Sound Financial Bancorp, Inc., Seattle, Washington -- Mr. Joseph D. Stilwell, San Juan, Puerto Rico, and Stilwell Value LLC; Stilwell Partners, L.P.; Stilwell Activist Fund, L.P.; Stilwell Activist Investments, L.P.; and Stilwell Value Partners VII, L.P., all of New York, New York, individually and as a group acting in concert, to acquire outstanding voting shares of Sound Financial Bancorp, Inc., and thereby indirectly acquire voting shares of Sound Community Bank, Seattle, Washington.
Permitted: September 15, 2023
Financial Holding Companies
Richmond
Burke & Herbert Financial Services Corp., Alexandria, Virginia -- election to become a financial holding company.
Effective: September 13, 2023
Regulations and Policies
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
Approved: September 11, 2023
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: September 11, 2023
Secretary
System of Records (BGFRS-24) -- publication for comment of a notice to modify an existing system of records, "FRB--EEO General Files." *
Approved: September 8, 2023
*Addition