Actions under delegated authority

Community Advisory Council -- notice that the Board is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council.
-Announced, March 23, 2020

Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 2885 Prince Street, Conway.
-Approved, March 24, 2020

The Freedom Bank of Virginia, Fairfax, Virginia -- to establish a branch at 10611 Balls Ford Road, Manassas.
-Approved, March 26, 2020

Frost Bank, San Antonio, Texas -- to establish a branch at 628 East 11th Street, Houston.
-Approved, March 27, 2020

Heritage Bank of Commerce, San Jose, California -- to establish a branch at 224 Airport Parkway, San Jose.
-Approved, March 27, 2020

PlainsCapital Bank, Dallas, Texas -- to establish a branch at 2323 Victory Avenue, Dallas.
-Approved, March 25, 2020

Texas Community Bank, Laredo, Texas -- to establish a branch at 2110 Lowry Road, Laredo.
-Approved, March 25, 2020

United Bank, Fairfax, Virginia -- to establish a branch at 8323 Sudley Road/Route 234, Manassas.
-Approved, March 24, 2020

Cambridge Bancorp, Cambridge, Massachusetts -- waiver of application to acquire Wellesley Bancorp Inc., Wellesley, in connection with the merger of Wellesley Bank with and into Cambridge Trust Company, Cambridge.
-Granted, March 24, 2020

Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Brandon, Mississippi -- to acquire additional shares of Community Bancshares of Mississippi, Inc., Brandon, and thereby indirectly acquire Community Bank of Mississippi, Forest.
-Approved, March 26, 2020

The First Bancshares, Inc., Hattiesburg, Mississippi -- waiver of application to acquire Southwest Georgia Financial Corporation, Moultrie, Georgia, and Southwest Georgia Bank (Bank), in connection with the merger of Bank with and into The First, A National Banking Association, Hattiesburg.
-Granted, March 23, 2020

Genesis Bancorp, Inc., Benoit, Mississippi -- to become a bank holding company by acquiring Bank of Benoit, Benoit.
-Approved, March 23, 2020

Northwest Financial Corp., Arnolds Park, Iowa -- waiver of application to acquire CNB Corp., Shenandoah, and thereby acquire Century Bank, in connection with the merger of Century Bank with and into The First National Bank in Creston, Creston.
-Granted, March 27, 2020

Wichita Falls Bancshares, Inc., Wichita Falls, Texas -- waiver of application to acquire Chico Bancorp, Inc., Chico, and First State Bank (FSB), in connection with the merger of FSB with and into First National Bank, Wichita Falls.
-Granted, March 25, 2020

William Penn, MHC, Bristol, Pennsylvania; and William Penn Bancorp, Inc. -- to acquire Fidelity Savings and Loan Association, Bristol, via its merger with and into William Penn Bank, Bristol.
-Approved, March 23, 2020

William Penn, MHC, Bristol, Pennsylvania; and William Penn Bancorp, Inc. -- to become bank holding companies by acquiring Washington Savings Bank, Philadelphia, via its merger with and into William Penn Bank, Bristol.
-Approved, March 23, 2020

ChoiceOne Bank, Sparta, Michigan -- to merge with Lakestone Bank & Trust, Lapeer, and thereby acquire branches; and to exercise trust powers.
-Approved, March 27, 2020

The Missouri Bank, Warrenton, Missouri -- to merge with The Missouri Bank II, Sedalia, and to retain the acquired facilities as branches.
-Approved, March 25, 2020

East West Bank, Pasadena, California -- to make a public welfare investment.
-Approved, March 27, 2020

Westamerica Bank, San Rafael, California -- to make certain public welfare investments.
-Withdrawn, March 23, 2020

AmBank Holdings, Inc., Davenport, Iowa -- change in bank control of AmBank Holdings, Inc., and its subsidiary, American Bank and Trust Company, N.A, Davenport.
-Permitted, March 26, 2020

CBOS Bankshares, Inc., Merritt Island, Florida -- to retain control of CBOS Bankshares, Inc., and its subsidiary, Community Bank of the South, Merritt Island.
-Permitted, March 23, 2020

Citizens Bancshares, Inc., Ontonagon, Michigan -- change in bank control of Citizens Bancshares, Inc., and its subsidiary, The Citizens State Bank of Ontonagon, Ontonagon.
-Permitted, March 23, 2020

Full Service Insurance Agency, Inc., Buxton, North Dakota -- to retain control of Full Service Insurance Agency, Inc., and its subsidiary, First State Bank, Buxton.
-Permitted, March 27, 2020

Peoples Bankshares, Inc., Eatonton, Georgia -- change in bank control of Peoples Bankshares, Inc., and its subsidiary, The Peoples Bank, Eatonton.
-Permitted, March 23, 2020

Southern California Bancorp, San Diego, California -- extension to June 1, 2020, to become a bank holding company by acquiring Bank of Southern California, National Association, San Diego; and to acquire CalWest Bancorp, Rancho Santa Margarita, and thereby acquire CalWest Bank.
-Granted, March 27, 2020

Ben Franklin Financial, Inc. (Financial), Arlington Heights, Illinois -- waiver of certain requirements under Regulation MM to facilitate the proposed liquidation of Financial's subsidiary savings association, Ben Franklin Bank of Illinois, Arlington Heights, by Corporate America Family Credit Union, Elgin.
-Granted, March 25, 2020

Broker-Dealers -- temporary exemption from section 23A of the Federal Reserve Act and the Board's Regulation W to allow the following banks to purchase certain assets from affiliated broker-dealers: Bank of America, NA; BNP Paribas USA, Inc.; Barclays Bank, DE; BMO Harris Bank, NA; Citibank, NA; RBC US Group Holdings; Deutsche Bank Trust Company Americas; Goldman Sachs Bank USA; HSBC Bank USA; JPMorgan Chase Bank, NA; Mizuho Bank USA; Morgan Stanley Bank, NA; TD Bank, NA; UBS Bank USA; and Wells Fargo Bank, NA. (The relief granted was not in response to a specific request from any of the institutions.)
-Granted, March 18, 2020
(A/C)

Money Market Mutual Funds (MMMFs) -- temporary exemptions from section 23A of the Federal Reserve Act and the Board's Regulation W to allow the following banks to purchase certain assets from affiliated MMMFs: Charles Schwab Bank; Goldman Sachs Bank USA; JPMorgan Chase Bank, NA; Morgan Stanley Bank, NA; Northern Trust Company; PNC Bank, NA; State Street Bank and Trust Company; The Bank of New York Mellon; UBS Bank USA; U.S. Bank National Association; and Wells Fargo Bank, NA. (The relief granted was not in response to a specific request from any of the institutions.)
-Granted, March 17, 2020
(A/C)