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 February 24, 2024
Bank Branches, Domestic
Chicago
Johnson Bank, Racine, Wisconsin -- to establish a branch at 4120 North Galaxy Drive, Appleton, Wisconsin.
Approved: February 23, 2024
Bank Holding Companies
Chicago
Northstar Financial Group, Inc., Bad Axe, Michigan -- to acquire Mainstreet Community Bank of Florida, DeLand, Florida.
Approved: February 22, 2024
Dallas
LevelField Financial, Inc., Houston, Texas -- to become a bank holding company by acquiring Burling Bank, Chicago, Illinois.*
Withdrawn: February 12, 2024
*Addition
Kansas City
Prairie Bell Holdings, Inc., Tulsa, Oklahoma -- to become a bank holding company by acquiring Spiro Bancshares, Inc., and thereby indirectly acquiring Spiro State Bank, both of Spiro, Oklahoma.
Approved: February 20, 2024
WDCO Ventures LLC, Oklahoma City, Oklahoma -- to become a bank holding company by acquiring voting shares of Town & Country Bancshares, Inc., Edmond, Oklahoma, and thereby indirectly acquiring Prism Bank, Guthrie, Oklahoma.
Approved: February 22, 2024
St. Louis
Old National Bancorp, Evansville, Indiana -- to acquire CapStar Financial Holdings, Inc., and thereby indirectly acquire CapStar Bank, both of Nashville, Tennessee.
Approved: February 20, 2024
Change in Bank Control
Dallas
San Diego Bancshares, Inc., San Diego, Texas -- Francisco Perales, San Antonio, Texas, to acquire voting shares of San Diego Bancshares, Inc., and thereby indirectly acquire voting shares of First State Bank of San Diego, San Diego, Texas.
Permitted: February 23, 2024
Minneapolis
Stearns Financial Services, Inc., Saint Cloud, Minnesota -- the Estate of Noman C. Skalicky, Maple Grove, Minnesota, and the Norman C. Skalicky Revocable Trust Agreement dated December 23, 2019, Minneapolis, Minnesota, and more, to form the Hillger Control Group, a group acting in concert, to retain voting shares of Stearns Financial Services, Inc., and thereby indirectly retain voting shares of Stearns Bank National Association, Saint Cloud, Minnesota, and more.
Permitted: February 21, 2024
Extensions of Time
Secretary
A.N.B. Holding Company Ltd., Terrell, Texas -- extension to April 12, 2024, to acquire additional shares of The ANB Corporation, Terrell, Texas.
Granted: February 22, 2024
Supervision and Regulation
Director, S&R, and Director, Financial Stability
Stress Tests -- issuance of hypothetical scenarios for 2024 stress tests.*
Approved: February 12, 2024
*Addition