Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Actions under delegated authority PDF
Actions taken during the week ending December 17, 2022
Bank Branches, Domestic
Dallas
Third Coast Bank, SSB, Humble, Texas -- to establish a branch at 9709 Lakeside Boulevard, The Woodlands, Texas.
Approved: December 12, 2022
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to establish branches at 124 Boston Post Road, Waterford, and 1905 Main Street, Newington, both in Connecticut.
Approved: December 14, 2022
St. Louis
Stifel Bank, Clayton, Missouri -- to establish a branch at 501 North Broadway, St. Louis, Missouri.
Approved: December 14, 2022
Bank Holding Companies
Dallas
Central Texas Bankshare Holdings, Inc., Columbus, Texas, and Colorado County Investment Holdings, Inc., Wilmington, Delaware -- to acquire control of Hill Bancshare Holdings, Inc., Weimar, Texas; Hill Bancshares of Delaware, Inc., Wilmington, Delaware; and Hill Bank and Trust Company, Weimar, Texas.
Approved: December 15, 2022
Global One Bancshares, Inc., Carrollton, Texas -- to become a bank holding company by acquiring Chappell Hill Bank, Chappell Hill, Texas.
Approved: December 15, 2022
Victory Financial Corporation, Lubbock, Texas -- to become a bank holding company by acquiring The Security State Bank, Winters, Texas.
Approved: December 15, 2022
St. Louis
Southern Missouri Bancorp, Inc., Poplar Bluff, Missouri -- to merge with Citizens Bancshares Co. and thereby indirectly acquire Citizens Bank and Trust Company, both of Kansas City, and for Southern Bank, Poplar Bluff, all in Missouri, to merge with Citizens Bank and Trust Company and retain the acquired facilities as branches.
Approved: December 15, 2022
Banks, Foreign
New York
ING Bank, N.V., Amsterdam, The Netherlands -- to establish a representative office in Los Angeles, California, pursuant to section 211.24(a)(2)(i)(B)(3) of Regulation K.
Approved: December 14, 2022
Change in Bank Control
Minneapolis
River Falls Bancshares, Inc., River Falls, Wisconsin -- Eunice M. Moody Trust, Robert H. Moody and Michael Moody as co-trustees, and individually; Kathleen Moody; Elizabeth Moody; and Patricia Moody; to become the Moody Family Shareholder Group, a group acting in concert, to retain voting shares of River Falls Bancshares, Inc., and thereby indirectly retain voting shares of River Falls State Bank, River Falls, Wisconsin.
Permitted: December 16, 2022
Extensions of Time
Secretary
A.N.B. Holding Company, Ltd., Terrell, Texas -- extension to February 24, 2023, to acquire additional shares of The ANB Corporation and thereby indirectly acquire The American National Bank of Texas, both of Terrell, Texas.
Granted: December 15, 2022
Large Bank Resolvability -- interagency notice of extension of the comment period to January 23, 2023, for the advance notice of proposed rulemaking.
Granted: December 14, 2022
Financial Holding Companies
Director, S&R
Nordea Bank Abp, Helsinki, Finland -- election to be treated as a financial holding company.
Effective: December 13, 2022
Membership
New York
PCSB Bank, Yorktown Heights, New York -- to become a member of the Federal Reserve System.
Approved: December 16, 2022
Regulations and Policies
Director, S&R
Regulatory Capital Rules -- notice of the 2022 aggregate global indicator amounts, as required under the Board's rule regarding risk-based capital surcharges for global systemically important bank holding companies.
Approved: December 12, 2022
Secretary
Regulation BB (Community Reinvestment) -- interagency annual adjustment to the asset-size thresholds used to define "small bank" and "intermediate small bank" under the Community Reinvestment Act regulations.
Approved: December 15, 2022
Supervision and Regulation
General Counsel
MUFG Americas Holdings Corporation (MUAH), New York, New York -- application for approval of a proposed internal debt "conversion trigger" that would allow the Board to order the conversion of MUAH's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's TLAC (total loss-absorbing capacity) rule.
Granted: December 12, 2022