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 10, 2022


Bank Branches, Domestic

St. Louis
INSOUTH Bank, Brownsville, Tennessee -- to establish a branch at 1421 Union University Drive, Jackson, Tennessee.
-Approved, September 8, 2022

Boston
State Street Bank and Trust Company, Boston, Massachusetts -- to establish a branch at 1100 Main Street, Kansas City, Missouri.
-Approved, September 9, 2022

Bank Holding Companies

Atlanta
A3 Centurion LLC, Miami, Florida -- to become a bank holding company by acquiring shares of OUR Community Bank, Hialeah, Florida.
-Withdrawn, September 9, 2022

St. Louis
FBOL Bancshares, Inc., Osage Beach, Missouri -- to become a bank holding company by acquiring First Bank of the Lake, Osage Beach, Missouri.
-Approved, September 8, 2022

Director, S&R
Ocean Bankshares, Inc., and Ocean Bank, both of Miami, Florida -- request by Belkis Macedo de Graterol, Candida Macedo Rodriguez, Nelly Macedo Rodriguez, Javier Macedo Rodriguez, Carmen Elena de Abreu, Ernesto de Abreu Gonzalez, Mercedes de Abreu Gonzalez, Adriana Macedo Moncayo, Olga E. Macedo de Pita, Sandra Macedo Moncayo, and Agostinho Alfonso Macedo Moncayo for relief from certain commitments.
-Granted, August 29, 2022
(A/C)

Bank Mergers

Chicago
First Iowa State Bank, Albia, Iowa -- to merge with First Iowa State Bank, Keosauqua, Iowa, and thereby establish branches at 714 1st Street, Keosauqua, Iowa; 102 Division Street, Cantril, Iowa; and 110 North Washington Street, Bloomfield, Iowa.
-Approved, September 8, 2022

Banks, State Member

Chicago
Ally Bank, Sandy, Utah -- to make two public welfare investments.
-Approved, September 6, 2022

Dallas
Comerica Bank, Dallas, Texas -- to make a community development and public welfare investment (two requests).
-Approved, September 9, 2022

Change in Bank Control

San Francisco
Bay Community Bancorp, Oakland, California -- Strategic Value Investors, LP; Strategic Value Bank Partners, LLC; Strategic Value Private Investors, LP; Strategic Value Private Partners, LLC, all of Cleveland, Ohio; Benjamin Mackovak, Bratenahl, Ohio; and Martin Adams, Naples, Florida; to acquire voting shares of Bay Community Bancorp and thereby indirectly acquire voting shares of Community Bank of the Bay, Oakland, California.
-Returned, September 9, 2022

Kansas City
Cedar Bancorp, Hartington, Nebraska -- J. Scott Schrempp, Hartington, Nebraska; Christine Rossiter, Elkhorn, Nebraska; and Mary Rossiter, Macon, Georgia; to become members of Rossiter Family Control Group, a group acting in concert, to retain voting shares of Cedar Bancorp and thereby indirectly retain voting shares of Bank of Hartington, Hartington, Nebraska.
-Permitted, September 6, 2022

Chicago
WoodTrust Financial Corporation, Wisconsin Rapids, Wisconsin -- The Bell Family Voting Trust, Steven C. Bell and Paula J. Bell, both of Wisconsin Rapids, Wisconsin; Elizabeth Bell Killian, Spokane, Washington; Rebecca L. Kettleson, Wausau, Wisconsin; and Margaret S. Bell, Chicago, Illinois, all co-trustees of the Trust; to become members of the Bell Family Control Group, a group acting in concert, to acquire voting shares of WoodTrust Financial Corporation and thereby indirectly acquire voting shares of WoodTrust Bank, Wisconsin Rapids, Wisconsin.
-Permitted, September 6, 2022

Extensions of Time

Minneapolis
Prevail Mutual Holdings, Inc., Medford, Wisconsin -- extension to October 17, 2022, to become a mutual savings and loan holding company in connection with the reorganization of Prevail Bank, Medford, Wisconsin, from a federal mutual savings bank to a federal stock savings bank.
-Granted, September 6, 2022

Financial Holding Companies

St. Louis
Parkside Financial, Inc., Clayton, Missouri -- election to become a financial holding company.
-Effective, September 6, 2022

International Operations

Richmond
Bank of America, National Association, Charlotte, North Carolina -- prior notice to make an investment pursuant to Regulation K.
-Approved, September 8, 2022

Savings and Loan Holding Companies

Chicago
Fidelity Federal Bancorp, Evansville, Indiana; and Pedcor Financial, LLC, and Pedcor Financial Bancorp, both of Carmel, Indiana -- (1) to become bank holding companies for a moment in time by acquiring Community Banks of Shelby County, Cowden, Illinois (Target Bank); (2) to retain ownership of United Fidelity Bank, F.S.B., Evansville, Indiana (Applicant Bank) and thereby engage in operating a savings association; and (3) to become savings and loan holding companies following the merger of Target Bank with and into Applicant Bank.
-Approved, September 7, 2022

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