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 May 25, 2024
Bank Branches, Domestic
Dallas
Texas Regional Bank, Harlingen, Texas -- to establish a branch at 5709 West Lovers Lane, Dallas, Texas.
Approved: May 24, 2024
Kansas City
Charter West Bank, West Point, Nebraska -- to establish a branch at 5251 South 24th Street, Omaha, Nebraska.
Approved: May 23, 2024
St. Louis
Southern Bank, Poplar Bluff, Missouri -- to establish a branch at 5228 South Lindbergh Boulevard, St. Louis, Missouri.
Approved: May 24, 2024
Bank Holding Companies
Atlanta
Volunteer State Bancshares, Inc., Portland, Tennessee -- to merge with Fourth Capital Holdings, Inc., and therefore indirectly acquire Fourth Capital Bank, both of Nashville, Tennessee.
Approved: May 23, 2024
Boston
Eastern Bankshares, Inc., Boston, Massachusetts -- to acquire Cambridge Bancorp and thereby indirectly acquire Cambridge Trust Company, both of Cambridge, Massachusetts.
Approved: May 24, 2024
Change in Bank Control
Kansas City
Siouxland National Corporation, South Sioux City, Nebraska -- certain minor children of Jennifer L. Gotch Smith, all of Elk Point, South Dakota; and certain minor children of Brett J. Gotch, all of South Sioux City, Nebraska; to join the Gotch Family Control Group, a group acting in concert, to retain voting shares of Siouxland National Corporation and thereby indirectly retain voting shares of Siouxland Bank, South Sioux City, Nebraska.
Permitted: May 20, 2024
UB, Inc., Unadilla, Nebraska -- Robert Brandt and Barry Brandt, Unadilla, Nebraska; and the John D. Weber and Jane E. Weber Trust Agreement November 12, 2015, John Weber and Jane Weber, as co-trustees, all of Mesa, Arizona; to join the Brandt Family Group, a group acting in concert, to retain voting shares of UB, Inc., and thereby indirectly retain voting shares of Countryside Bank, Unadilla, Nebraska. Jane Weber was previously permitted by the Federal Reserve System to acquire control of voting shares of UB, Inc.
Permitted: May 22, 2024
St. Louis
BancKentucky, Inc., Murray, Kentucky -- The Murray Bank 401(K) Employee Ownership Plan, along with Robert Wayne Hargrove, James Suart Poston, Charles Stephen Story, individually and as co-trustees, all of Murray, Kentucky; to retain voting shares of BancKentucky, Inc., and thereby indirectly retain voting shares of The Murray Bank, Murray, Kentucky.
Permitted: May 22, 2024
Membership
Boston
North Shore Bank, A Co-operative Bank, Peabody, Massachusetts -- to become a member of the Federal Reserve System.
Approved: May 24, 2024