Board of Governors of the Federal Reserve System

Origin Bank, Choudrant, Louisiana -- to establish a branch at 5201 West 34th Street, Houston, Texas.
Approved: February 3, 2023

Manufacturers and Traders Trust Company, Buffalo, New York -- to establish a branch at 1355 Boston Road, Springfield, Massachusetts.
Approved: February 2, 2023

Encore Bank, Little Rock, Arkansas -- to establish a branch at 6900 East Layton Avenue, Denver, Colorado.
Approved: January 31, 2023

Midland States Bank, Effingham, Illinois -- to establish a branch at 4400 East Lincolnway, Sterling, Illinois.
Approved: February 3, 2023

MidCountry Acquisition Corp., Minneapolis, Minnesota -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L. *
Granted: January 26, 2023
*Addition

East West Bank, Pasadena, California -- to make a public welfare investment.
Approved: January 30, 2023

Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment. *
Approved: January 24, 2023
*Addition

The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment. *
Approved: January 23, 2023
*Addition

Piper Holidings, Inc., Covington, Indiana -- Jessica White, Sue Ellen White, and Masakazu Miyagi, all of Covington, Indiana; and Thomas Benjamin Loda, Olomouc, Czech Republic; to join the White Family Control Group, a group acting in concert, to retain voting shares of Piper Holdings, Inc., and thereby indirectly retain voting shares of The Fountain Trust Company, Covington, Indiana. In addition, the Kip White Irrevocable Trust For Stock of Piper Holdings, Inc., Kipling Campbell White and Lucas White, as co-trustees, all of Covington, Indiana; to join the White Family Control Group, to acquire voting shares of Piper Holdings, Inc., and thereby indirectly acquire voting shares of The Fountain Trust Company.
Permitted: February 3, 2023

Quontic Bank Acquisition Corp. and Quontic Bank Holdings Corp., both of New York, New York -- The Estate of Steven B. Schnall, Sherri Silver Schnall as Preliminary Executor, both of New York, New York; to retain voting shares of Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp., and thereby indirectly retain voting shares of Quontic Bank, New York, New York. In addition, the Schnall Disclaimer Trust A, Sherri Silver Schnall, individually and as co-trustee, both of New York, New York, with Amie Hoffman, as co-trustee, New Hope, Pennsylvania; the Sherri S. Schnall Family Irrevocable Trust, Amie Hoffman as trustee, both of New Hope, Pennsylvania; to acquire voting shares of Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp., and thereby indirectly acquire voting shares of Quontic Bank. Accordingly, all notificants in this notice to become a group acting in concert.
Permitted: January 31, 2023

Coeur d'Alene Bancorp, Inc., Coeur d'Alene, Idaho -- Lee Andrew Adams, Kennewick, Washington; to acquire additional voting shares of Coeur d'Alene Bancorp, Inc., and thereby indirectly acquire voting shares of Bankcda, Coeur D'Alene, Idaho.
Permitted: February 3, 2023

Standard Chartered plc and Standard Chartered Bank, both of London, United Kingdom -- to each be treated as a financial holding company. *
Effective: January 25, 2023
*Addition

Barclays US LLC, New York, New York -- application for approval of a proposed internal debt "conversion trigger" that would allow the Board to order the conversion of Barclays US LLC's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's TLAC (total loss-absorbing capacity) rule.
Granted: February 1, 2023

DWS USA LLC, New York, New York -- application for approval of proposed internal debt "conversion triggers" that would allow the Board to order the conversion of DWS USA LLC's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's TLAC (total loss-absorbing capacity) rule.
Granted: February 1, 2023

Santander Holdings USA, Inc., Boston, Massachusetts -- application for approval of a proposed internal debt "conversion trigger" that would allow the Board to order the conversion of Santander Holdings USA, Inc.'s eligible long-term debt into common equity tier 1 capital, in accordance with the Board's TLAC (total loss-absorbing capacity) rule.
Granted: February 1, 2023