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 January 21, 2023
Bank Branches, Domestic
Chicago
Lake City Bank, Warsaw, Indiana -- to establish a branch at 1220 Waterway Boulevard, Indianapolis, Indiana.
Approved: January 17, 2023
Peoples Bank, Clive, Iowa -- to establish a branch at 1212 Hawkeye Drive, Boone, Iowa.
Approved: January 20, 2023
Bank Holding Companies
Kansas City
Bison Bancshares, Inc., Bison, Kansas -- to become a bank holding company by acquiring Bison State Bank, Bison, Kansas.
Approved: January 17, 2023
Richmond
Summit Financial Group, Inc., Moorefield, West Virginia -- waiver of application to acquire PSB Holding Corp., in connection with the merger of Provident State Bank, Inc., both of Preston, Maryland, with and into Summit Community Bank, Inc., Moorefield, West Virginia.
Granted: January 20, 2023
Banks, State Member
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
Approved: January 18, 2023
Extensions of Time
St. Louis
Arvest Bank, Fayetteville, Arkansas -- extension to July 21, 2023, to establish a branch at the corner of Highway 49 and Canera Drive, Jonesboro, Arkansas.
Granted: January 18, 2023
Southern Bancorp Bank, Arkadelphia, Arkansas -- extension to April 13, 2023, to merge with Premier Bank of Arkansas, Jonesboro, Arkansas, and to retain the acquired facilities as branches.
Granted: January 18, 2023
Supervision and Regulation
Director, S&R
National Agricultural Cooperative Federation, Seoul, Republic of Korea -- to comply, through its subsidiary foreign bank, with certain liquidity risk management requirements.
Granted: January 18, 2023