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 November 13, 2021


Bank Branches, Domestic

Atlanta
Bank Independent, Sheffield, Alabama -- to establish a branch at 11254 County Line Road, Madison, Alabama.
-Approved, November 12, 2021

Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 2785 East Eldorado Parkway, Little Elm, Texas.
-Approved, November 9, 2021

Atlanta
Regions Bank, Birmingham, Alabama -- to establish a branch at 650 South Main Street, Salt Lake City, Utah.
-Approved, November 12, 2021

Bank Holding Companies

Kansas City
First State Fremont, Inc., Fremont, Nebraska -- to acquire Two Rivers Bank, Blair, Nebraska.
-Approved, November 12, 2021

St. Louis
German American Bancorp, Inc., Jasper, Indiana -- waiver of application to acquire Citizens Union Bancorp of Shelbyville, Inc., and thereby indirectly acquire Citizens Union Bank of Shelbyville, both of Shelbyville, Kentucky, in connection with the merger of Citizens Union Bank of Shelbyville with and into German American Bank, Jasper, Indiana.
-Granted, November 9, 2021

Chicago
Readlyn Bancshares, Inc., Saint Paul, Minnesota -- (1) to merge with Tripoli Bancshares, Inc., Saint Paul, Minnesota, and thereby indirectly acquire American Savings Bank, Tripoli, Iowa; and (2) to acquire additional shares of Nashua Bancshares, Inc., Saint Paul, Minnesota.
-Approved, November 8, 2021

Atlanta
Seacoast Banking Corporation of Florida, Stuart, Florida -- waiver of application to merge with Sabal Palm Bancorp, Inc., and thereby indirectly acquire Sabal Palm Bank, both of Sarasota, Florida, in connection with the merger of Sabal Palm Bank into Seacoast National Bank, Stuart, Florida.
-Granted, November 8, 2021

Atlanta
Seacoast Banking Corporation of Florida, Stuart, Florida -- waiver of application to merge with Business Bank of Florida, Corp., and thereby indirectly acquire Florida Business Bank, both of Melbourne, Florida, in connection with the merger of Florida Business Bank into Seacoast National Bank, Stuart, Florida.
-Granted, November 8, 2021

Banks, State Member

St. Louis
First Horizon Bank, Memphis, Tennessee -- to make certain public welfare investments.
-Returned, November 5, 2021
(A/C)

San Francisco
Westamerica Bank, San Rafael, California -- to make certain public welfare investments (two requests).
-Approved, November 10, 2021

Change in Bank Control

Atlanta
First Chatsworth Bankshares, Inc., Chatsworth, Georgia -- Andrew C. Heaner, Cedartown, Georgia, to acquire voting shares of First Chatsworth Bankshares, Inc., and thereby indirectly retain voting shares of First National Community Bank, Chatsworth, Georgia.
-Withdrawn, November 4, 2021
(A/C)

Chicago
Shannon Bancorp, Inc., Shannon, Illinois -- Robin Saar, individually, Shannon, Illinois, together with Cassandre Rae Mlakar, Lake Carrol, Illinois, and Candace Schubert, Shannon, Illinois, to form the Saar Family Control Group, to retain voting shares of Shannon Bancorp, Inc., and thereby indirectly control First State Bank, Shannon, Illinois.
-Permitted, November 10, 2021

International Operations

New York
Citibank, N.A., Sioux Falls, South Dakota -- to extend the corporate existence of Citibank Overseas Investment Corporation, New Castle, Delaware.
-Approved, November 10, 2021

Membership

St. Louis
First Community National Bank, Cuba, Missouri -- to retain its membership in the Federal Reserve System following its conversion to a state-chartered bank (to be known as FCNB Bank).
-Approved, November 10, 2021

Regulations and Policies

Chair
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
-Approved, November 10, 2021

Savings and Loan Holding Companies

Boston
15 Beach MHC and CFSB Bancorp, both of Quincy, Massachusetts -- (1) to become a mutual holding company and a savings and loan holding company, respectively, by acquiring Colonial Federal Savings Bank, Quincy, Massachusetts, following its conversion from a federal mutual savings bank to a federal stock savings bank and (2) for CFSB Bancorp, Inc., to conduct a minority stock issuance.
-Approved, November 8, 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