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 March 20, 2021


Bank Branches, Domestic

Kansas City
Country Club Bank, Kansas City, Missouri -- to establish a branch at 32 S.E. 3rd Street, Lee's Summit.
-Approved, March 18, 2021

Richmond
Putnam County Bank, Hurricane, West Virginia -- to establish branches at 300 Hurricane Creek Road, Hurricane, and 500 East Main Street, Milton (two applications).
-Approved, March 16, 2021

St. Louis
Southern Bancorp Bank, Arkadelphia, Arkansas -- to establish a branch at 3002 Hardy Street, Hattiesburg, Mississippi.
-Approved, March 16, 2021

Bank Holding Companies

New York
Credit Industriel et Commercial (CIC), Paris, France; its parent company, Caisse Federale de Credit Mutuel, Strasbourg; and CIC's subsidiary Banque Transatlantique, Paris -- to engage in certain investment advisory activities in the United States through their indirect subsidiary, Transatlantique Private Wealth LLC, New York, New York.
-Approved, March 19, 2021

Chicago
First Busey Corporation, Champaign, Illinois -- to merge with Cummins-American Corp., Glenview, and thereby acquire Glenview State Bank.
-Approved, March 19, 2021

New York
Hanover Bancorp Inc., Mineola, New York -- waiver of application to acquire Savoy Bank, New York, in connection with its merger with and into Hanover Community Bank, Garden City Park.
-Granted, March 18, 2021

Minneapolis
Hazen Bancorporation, Inc., Hazen, North Dakota -- through its subsidiaries, North Star Holding Company, Inc., Jamestown, and Unison Bank, to retain shares of AccuData Services, Inc., Park River, and thereby engage in certain data processing activities.
-Approved, March 18, 2021

St. Louis
Peoples Bancorp, Inc., Newton, Illinois -- to become a bank holding company by acquiring The Peoples State Bank of Newton, Illinois, Newton.
-Approved, March 16, 2021

San Francisco
St. Laurent Investments LLC, Vancouver, Washington -- to become a bank holding company by acquiring People's Bank of Commerce, Medford, Oregon.
-Approved, March 15, 2021

Chicago
University Bank, Ann Arbor, Michigan -- to engage de novo in commercial lending activities through University Home Loan, LLC, Ann Arbor, a proposed subsidiary of University Lending Group, LLC, a subsidiary of University Bank.
-Approved, March 12, 2021
(A/C)

Banks, State Member

Chicago
Ally Bank, Sandy, Utah -- to make certain public welfare investments (three requests).
-Approved, March 19, 2021

Change in Bank Control

Atlanta
Greater Community Bancshares, Inc., Rome, Georgia -- change in bank control of Greater Community Bancshares, Inc., and its subsidiary, Greater Community Bank, Rome.
-Withdrawn, March 19, 2021

Kansas City
McHugh Investment Company, Murdock, Nebraska -- to retain control of McHugh Investment Company and its subsidiary, Corn Growers State Bank, Murdock.
-Permitted, March 16, 2021

Kansas City
Stigler Bancorporation, Inc., Stigler, Oklahoma -- change in bank control of Stigler Bancorporation, Inc., and its subsidiary, The First National Bank of Stigler, Stigler.
-Permitted, March 18, 2021

Kansas City
Valliance Financial Corp., Oklahoma City, Oklahoma -- change in bank control of Valliance Financial Corp. and its subsidiary, Valliance Bank, Oklahoma City.
-Permitted, March 15, 2021

Extensions of Time

San Francisco
Broadway Financial Corporation, Los Angeles, California -- extension to March 28, 2021, to become a bank holding company by acquiring CFBanc Corporation, Washington, D.C., and thereby acquire City First Bank of D.C., N.A.
-Granted, March 19, 2021

San Francisco
City First Enterprises, Inc., Washington, D.C. -- extension to April 15, 2021, (1) to acquire Broadway Financial Corporation, Los Angeles, California; and (2) to acquire Broadway Federal Bank, FSB, for a moment in time and thereby engage in nonbanking activities.
-Granted, March 19, 2021

Kansas City
Commerce Bank, Kansas City, Missouri -- extension to June 12, 2021, to establish a branch at 2828 North Harwood Street, Dallas, Texas.
-Granted, March 19, 2021

Financial Holding Companies

San Francisco
The Charles Schwab Corporation, Westlake, Texas -- election to become a financial holding company.
-Effective, March 16, 2021

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