Actions under delegated authority PDF

Actions taken during the week ending December 31, 2022

Bank Branches, Domestic
St. Louis

First Bank, Creve Coeur, Missouri -- to establish a branch at 3992 Douglas Boulevard, Roseville, California.
Approved: December 29, 2022

Change in Bank Control
Atlanta

Washington State Bancshares, Inc., Washington, Louisiana -- Paul A. Durand, Jr., Youngsville, Louisiana; to acquire control of voting shares of Washington State Bancshares, Inc. (Bancshares), by becoming co-trustee of The Sue Soileau Trust (Trust); and Karen Sue Rowe, Sunset, Louisiana; to acquire control of voting shares of Bancshares by becoming co-trustee of the Washington State Bancshares, Inc. Employee Stock Ownership Plan (ESOP), the Trust and ESOP own Bancshares, and thereby indirectly own Washington State Bank, Washington, Louisiana.
Permitted: December 28, 2022

Chicago

Morning Sun Bank Corp., Morning Sun, Iowa -- Elizabeth J.C. Brennan, West Des Moines, Iowa, to become the largest individual shareholder and to acquire voting shares of Morning Sun Bank Corp. and thereby indirectly acquire voting shares of Bank, Wapello, Iowa.
Permitted: December 29, 2022

Dallas

F & M Bancshares, Inc., De Leon, Texas -- Scotty Dan Allen and Johnny Brad Allen, each of Stephenville, Texas, have applied to the Federal Reserve Board as a group acting in concert for permission to control 25 percent or more of F&M Bancshares, Inc. (the Company), which controls Farmers and Merchants Bank, De Leon, Texas. Scotty Dan Allen is also seeking clearance to acquire 25 percent or more of the shares and thereby control the Company.
Permitted: December 30, 2022

Minneapolis

River Falls Bancshares, Inc., River Falls, Wisconsin -- Daniel Davison, Star Prairie, Wisconsin; Lauren Howard, Duluth, Minnesota; Patrick Davison, Boise, Idaho; Jacquelyn Sahnow, River Falls, Wisconsin; and Steven Davison and Rhonda Davison, both of Alamo, Texas; to become the Davison 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 22, 2022
*Addition

San Francisco

Capital Community Bancorporation, Inc., Provo, Utah -- Anna Lou Patten Irrevocable Trust u.a.d. 12/28/12, Lindon, Utah; Michael Watson, as trustee and in individual capacity, Lindon, Utah; Matthew Mitton, as special trustee, Salt Lake City, Utah; Chad Patten, Lehi, Utah; and Kestin Wilkinson, Orem, Utah, to retain voting shares of Capital Community Bancorporation, Inc., and thereby indirectly retain voting shares of Capital Community Bank, Provo, Utah.
Permitted: December 30, 2022

Extensions of Time
Secretary

Total Loss-Absorbing Capacity (TLAC) Rule -- extension of time for Bank of America Corporation; Wells Fargo & Company; Citigroup Inc.; The Goldman Sachs Group, Inc.; JPMorgan Chase & Company; and Morgan Stanley to comply with the TLAC rule's clean holding company provisions with respect to certain covered agreements. *
Granted: December 21, 2022
*Addition

Total Loss-Absorbing Capacity (TLAC) Rule -- extension of time for The Bank of New York Mellon Corporation and State Street Corporation to comply with the TLAC rule's clean holding company provisions with respect to certain covered agreements. *
Granted: December 21, 2022
*Addition

St. Louis

Arvest Bank, Fayetteville, Arkansas -- extension to April 21, 2023, to establish a branch at 155 East 150th Place South, Glenpool, Oklahoma.
Granted: December 29, 2022

Simmons Bank, Pine Bluff, Arkansas -- extension to March 31, 2023, to establish a branch at 1305 Robin Road, White Hall, Arkansas.
Granted: December 29, 2022

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Last Update: January 05, 2023