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 June 15, 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Withdrawn: June 11, 2024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