Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

Actions under delegated authority

Actions taken during the week ending September 22, 2018


Bank Branches, Domestic

Kansas City
ANB Bank, Denver, Colorado -- to establish a branch at 910 Grand Avenue, Glenwood Springs.
-Approved, September 21, 2018

San Francisco
Coastal Community Bank, Everett, Washington -- to establish a branch at 123 Third Avenue, Edmonds.
-Approved, September 19, 2018

St. Louis
Diamond Bank, Murfreesboro, Arkansas -- to establish a branch at 23 Elm Street, Hector.
-Approved, September 20, 2018

Chicago
First Farmers Bank & Trust, Converse, Indiana -- to establish branches at 2359 State Road 46/40, Terre Haute, and at 2049 Veterans Memorial Parkway, Lafayette.
-Approved, September 21, 2018

Atlanta
Franklin Synergy Bank, Franklin, Tennessee -- to establish a branch at 5040 Carothers Parkway, Franklin.
-Approved, September 20, 2018

Chicago
Lake City Bank, Warsaw, Indiana -- to establish a branch at 101 West Ohio Street, Indianapolis.
-Approved, September 21, 2018

Dallas
Texas Regional Bank, Harlingen, Texas -- to establish a branch at 1213 Ranch Road 620 South, Austin.
-Approved, September 19, 2018

Bank Holding Companies

General Counsel
BancorpSouth Bank, Tupelo, Mississippi -- waiver of application to acquire Icon Capital Corporation, Houston, Texas, and Icon Bank of Texas, N.A., (IBT), in connection with IBT's merger with and into BancorpSouth Bank.
-Granted, September 20, 2018

Richmond
Community Heritage Financial, Inc., Middletown, Maryland -- to become a bank holding company by acquiring Middletown Valley Bank, Middletown.
-Approved, September 20, 2018

General Counsel
First Citizens BancShares, Inc., Raleigh, North Carolina, and First-Citizens Bank and Trust Company -- waiver of application to acquire Palmetto Heritage BankShares, Inc., Pawleys Island, South Carolina, and Palmetto Heritage Bank & Trust, in connection with Palmetto Heritage Bank & Trust's merger with and into First-Citizens Bank & Trust Company, Raleigh.
-Granted, September 20, 2018

General Counsel
Kensington Bancorp, Inc., Kensington, Minnesota -- waiver of application to acquire North American State Bank, Belgrade, in connection with North American State Bank's merger with and into Kensington Bank, Kensington.
-Granted, September 20, 2018

Dallas
Keystone Acquisitions, Inc., Driftwood, Texas -- to become a bank holding company by acquiring Ballinger National Bank, Ballinger.
-Approved, September 18, 2018

Philadelphia
LinkBancorp, Inc., Camp Hill, Pennsylvania -- to become a bank holding company by acquiring Stonebridge Bank, West Chester.
-Approved, September 18, 2018

General Counsel
SmartFinancial, Inc., Knoxville, Tennessee -- waiver of application to acquire Foothills Bancorp, Inc., Maryville, and Foothills Bank & Trust, in connection with Foothills Bank & Trust's merger with and into SmartBank, Pigeon Forge.
-Granted, September 18, 2018

Dallas
Steele Holdings, Inc., Tyler, Texas -- to acquire Joaquin Bankshares, Inc., Huntington, and thereby indirectly acquire Texas State Bank, Joaquin.
-Approved, September 10, 2018
(A/C)

New York
USB Bancorp Inc., Danbury, Connecticut -- to become a bank holding company by acquiring Union Savings Bank, Danbury.
-Returned, September 18, 2018

Dallas
Woodforest Financial Group Employee Stock Ownership Plan (with 401(k) Provisions) (Amended and Restated Eff. 03/01/06), The Woodlands, Texas, and Woodforest Financial Group Employee Stock Ownership Trust -- to acquire shares of Woodforest Financial Group, Inc., The Woodlands, and thereby indirectly acquire Woodforest National Bank, Houston.
-Approved, September 21, 2018

Bank Mergers

Atlanta
SmartBank, Pigeon Forge, Tennessee -- to merge with Foothills Bank & Trust, Maryville.
-Approved, September 19, 2018

Extensions of Time

Minneapolis
Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota -- extension to January 5, 2019, to acquire shares of Security State Bank Holding Company, Fargo, and thereby indirectly increase control of Bank Forward, Hannaford.
-Granted, September 21, 2018

St. Louis
M&P Community Bancshares, Inc. 401(k) Employee Stock Ownership Plan, Newport, Arkansas -- extension to December 20, 2018, to acquire additional shares of M&P Community Bancshares, Inc., Newport.
-Granted, September 20, 2018

Secretary
New Tripoli Bank, New Tripoli, Pennsylvania -- extension to December 31, 2018, to establish a branch at 4892 Buckeye Road, Emmaus, and to increase its investment in bank premises.
-Approved, September 21, 2018

Membership

San Francisco
First Choice Bank, Cerritos, California -- to become a member of the Federal Reserve System.
-Approved, September 21, 2018

Savings and Loan Holding Companies

Minneapolis
Farrar Beresford Bancorporation Inc. Irrevocable Trust, Britton, South Dakota, and Beresford Bancorporation, Inc. (BBI) -- (1) to engage in making loans and selling insurance in association with extensions of credit through Lloyd's Plan SD, Inc., a de novo, wholly owned consumer finance company, and (2) for BBI to extend credit.
-Approved, September 21, 2018

General Counsel
State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- request for an exemption to permit an individual to become an institution-affiliated party.
-Granted, September 19, 2018

Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco