Actions under delegated authority

Actions taken during the week ending August 1, 2020

Bank Branches, Domestic

Dallas

Vantage Bank Texas, San Antonio, Texas -- to establish a branch at 4520 Camp Bowie Boulevard, Fort Worth.
-Approved, July 28, 2020

Bank Holding Companies

Atlanta

Anchor Bankshares, Inc., Palm Beach Gardens, Florida -- to become a bank holding company by acquiring shares of Anchor Bank, Palm Beach Gardens.
-Approved, July 30, 2020

Director, S&R

Cheyenne Banking Corporation, Cheyenne, Oklahoma -- request for limited relief from certain commitments.
-Granted, July 30, 2020

Kansas City

Cheyenne Banking Corporation, Cheyenne, Oklahoma -- to acquire Laverne Bancshares, Inc., Laverne, and Bank of Laverne.
-Approved, July 30, 2020

Atlanta

FB Financial Corporation, Nashville, Tennessee -- through its subsidiary, FirstBank, Nashville, to indirectly acquire Franklin Financial Network, Inc., Franklin, and Franklin Synergy Bank.
-Approved, July 31, 2020

New York

First BanCorp, San Juan, Puerto Rico -- to indirectly acquire Santander BanCorp, San Juan, and thereby acquire Banco Santander Puerto Rico.
-Approved, July 27, 2020

Atlanta

St. Holdings, Inc., Orlando, Florida -- to become a bank holding company by acquiring shares of Rochelle State Bank, Rochelle, Georgia.
-Withdrawn, July 30, 2020

San Francisco

Varo Money, Inc., San Francisco, California -- to become a bank holding company by acquiring Varo Bank, National Association (in organization), Draper, Utah.
-Approved, July 28, 2020

Banks, State Member

Chicago

Ally Bank, Sandy, Utah -- to make certain public welfare investments (two requests).
-Approved, July 27, 2020

Change in Bank Control

Chicago

Halbur Bancshares, Inc., Westside, Iowa -- change in bank control of Halbur Bancshares, Inc., and its subsidiary, Westside State Bank, Westside.
-Permitted, July 28, 2020

Extensions of Time

St. Louis

Patriot Bank, Millington, Tennessee -- extension to May 25, 2021, to establish a branch at 5332 Airline Road, Arlington.
-Granted, July 28, 2020

Financial Holding Companies

Atlanta

FB Financial Corporation, Nashville, Tennessee -- election to become a financial holding company.
-Effective, July 31, 2020

Savings and Loan Holding Companies

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, July 29, 2020

Supervision and Regulation

Director, S&R

The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania; Santander Holdings USA, Inc., Boston, Massachusetts; and BMO Financial Corp., Wilmington, Delaware -- approval to make additional capital distributions in the third quarter of 2020.
-Approved, July 30, 2020