Actions under delegated authority PDF

Actions taken during the week ending June 15, 2024

Updated: June 25, 2024
Bank Branches, Domestic
Dallas

Origin Bank, Choudrant, Louisiana -- to establish a branch at 212 Racetrack Road NW, Fort Walton Beach, Florida.
Approved: June 12, 2024

Bank Holding Companies
Dallas

FSBH, Inc., Dallas, Texas -- to become a bank holding company by acquiring Farmers State Bank, Center, Texas.
Withdrawn: June 11, 2024

Kansas City

Equity Bancshares, Inc., Wichita, Kansas -- waiver of application to merge with KansasLand Bancshares, Inc., and thereby indirectly acquire its subsidiary, KansasLand Bank, both of Quinter, Kansas, in connection with the merger of KansasLand Bank with and into Equity Bank, Andover, Kansas.
Granted: June 12, 2024

Philadelphia

Orrstown Financial Services, Inc., Shippensburg, Pennsylvania -- waiver of application to merge with Codorus Valley Bancorp, Inc., York, Pennsylvania, and thereby indirectly acquire its subsidiary, PeoplesBank, York, Pennsylvania, in connection with the merger of PeoplesBank with and into Orrstown Bank, Shippensburg, Pennsylvania.
Granted: June 14, 2024

Peoples Financial Services Corporation, Scranton, Pennsylvania -- waiver of application to merge with FNCB Bancorp, Inc., and thereby indirectly acquire its subsidiary, FNCB Bank, both of Dunmore, Pennsylvania, in connection with the merger of FNCB Bank with and into Peoples Security Bank and Trust Company, Scranton, Pennsylvania.
Granted: June 13, 2024

Bank Mergers
Kansas City

Equity Bank, Andover, Kansas -- to merge with KansasLand Bank, Quinter, Kansas, and thereby establish branches in Quinter and Americus, both in Kansas.
Approved: June 12, 2024

Philadelphia

Orrstown Bank, Shippensburg, Pennsylvania -- to merge with Peoples Bank, York, Pennsylvania, with Orrstown Bank as the surviving entity.
Approved: June 14, 2024

St. Louis

OakStar Bank, Springfield, Missouri -- to purchase certain assets and assume certain liabilities of Riverstone Bank, Eagle, Nebraska, and to retain the acquired facility as a branch.
Approved: June 14, 2024

Banks, State Member
New York

Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: June 13, 2024

Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: June 12, 2024

Change in Bank Control
Chicago

Tri-County Financial Group, Inc., Mendota, Illinois -- Castle Creek Capital Partners VI, LP; Castle Creek Capital VI LLC; Castle Creek Advisors IV LLC; JME Advisory Corp.; Scavuzzo Advisory Corp.; Volk Advisory Corp.; and Rana Advisory Corp., all of San Diego, California; together with John Eggemeyer, Rancho Santa Fe, California; Anthony Scavuzzo, Dallas, Texas; David Volk, San Diego, California; and Sundeep Rana, Dallas, Texas, a group acting in concert, to acquire voting shares of Tri-County Financial Group, Inc., and thereby indirectly acquire voting shares of First State Bank, Mendota, Illinois.
Permitted: June 11, 2024

San Francisco

Infinity Bancorp, Santa Ana, California -- the Stearns Living Trust, Glenn B. Stearns, as trustee, both of Newport Coast, California, to acquire voting shares of Infinity Bancorp, and thereby indirectly acquire voting shares of Infinity Bank, Santa Ana, California.
Permitted: June 14, 2024

Savings and Loan Holding Companies
Minneapolis

CFB Mutual Holding Company and CFB Financial, Inc., both of Cumberland, Wisconsin -- to become a mutual savings and loan holding company and a mid-tier stock savings and loan holding company, respectively, by acquiring Cumberland Federal Bank, FSB, Cumberland, Wisconsin, in connection with Cumberland Federal Bank, FSB's conversion from mutual to stock form.
Approved: June 12, 2024

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Last Update: June 25, 2024