Actions under delegated authority PDF

Actions taken during the week ending February 11, 2023

Updated: February 16, 2023
Bank Branches, Domestic
Atlanta

Bank Independent, Sheffield, Alabama -- to establish a branch at 410 Sutton Road, Owens Cross Roads, Alabama.
Approved: February 10, 2023

Bank Holding Companies
Atlanta

Piedmont Bancorp, Inc., and The Piedmont Bank, both of Peachtree Corners, Georgia -- to acquire Walton Funding LLC, Inlet Beach, Florida, and to engage in certain nonbank lending activities.
Approved: February 6, 2023

Chicago

Fisher Bancorp, Inc., Fisher, Illinois -- to merge with Butler Point, Inc., and thereby indirectly acquire Catlin Bank, both of Catlin, Illinois.
Approved: February 10, 2023

Oxford Bank Corporation, Oxford, Michigan -- to indirectly acquire an interest in OBHELP, LLC, Oxford, Michigan, and thereby engage in the nonbanking activity of making and servicing loans. *
Approved: January 30, 2023
*Addition

Richmond

City Holding Company, Charleston, West Virginia -- waiver of application to acquire Citizens Commerce Bancshares, Inc., and thereby indirectly acquire its wholly owned subsidiary, Citizens Commerce Bank (CCBK), both of Versailles, Kentucky, in connection with the merger of CCBK with and into City National Bank of West Virginia, Charleston, West Virginia.
Granted: February 6, 2023

Banks, State Member
Secretary

Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
Approved: February 10, 2023

Change in Bank Control
Atlanta

FineMark Holdings, Inc., Fort Myers, Florida -- Strategic Value Investors, LP; Strategic Value Bank Partners, LLC; Strategic Value Opportunities, LP; Strategic Value Private Partners, LLC; and Benjamin Mackovak and Martin Adams, each a managing member of Strategic Value Bank Partners, LLC and Strategic Value Private Partners, LLC, all of Cleveland, Ohio; as a group acting in concert, to acquire additional voting shares of FineMark Holdings, Inc., and thereby indirectly acquire voting shares of FineMark National Bank & Trust, Fort Myers, Florida.
Permitted: February 8, 2023

Chicago

Arneson Bancshares, Inc., Clear Lake, Iowa -- the Ray V. Hewitt By-Pass Trust fbo Julie Stauffacher, the Ray V. Hewitt By-Pass Trust fbo Mark Hewitt, both of Mason City, Iowa, and the Ray V. Hewitt By-Pass Trust fbo Carrie Nicols, Iowa City, Iowa, with Mark Hewitt as trustee of the aforementioned trusts, Mason City, Iowa; to join the Hewitt Family Control Group, a group acting in concert, to acquire voting shares of Arneson Bancshares, Inc., and thereby indirectly acquire voting shares of Clear Lake Bank & Trust, Clear Lake, Iowa.
Permitted: February 10, 2023

Dallas

Wallis Bancshares, Inc., Wallis, Texas -- the Dakri Grandchildren's 2022 GST Trust for Haaris A. Dakri, the Dakri Grandchildren's 2022 GST Trust for Minor Child 1, the Dakri Grandchildren's 2022 GST Trust for Minor Child 2, and Asif M. Dakri and Faizel M. Dakri as co-trustees of the aforementioned trusts, all of Houston, Texas; to join the Dakri Family Control Group, a group acting in concert, to acquire voting shares of Wallis Bancshares, Inc., and thereby indirectly acquire voting shares of Wallis Bank, Wallis, Texas.
Permitted: February 10, 2023

Minneapolis

Northern Wisconsin Bank Holding Company, Inc., Laona, Wisconsin -- Brian and Patricia Wellmon, Crandon, Wisconsin; to acquire voting shares of Northern Wisconsin Bank Holding Company, and thereby indirectly acquire voting shares of Laona State Bank, Laona, Wisconsin.
Withdrawn: February 10, 2023

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, each a managing member of Strategic Value Bank Partners, LLC and Strategic Value Private Partners, LLC; as a group acting in concert, to acquire additional voting shares of Bay Community Bancorp, and thereby indirectly acquire additional voting shares of Community Bank of the Bay, Oakland, California.
Permitted: February 8, 2023

Extensions of Time
Kansas City

First Southwest Bancorporation, Inc., Alamosa, Colorado -- extension to June 6, 2023, to engage in data processing activities through its subsidiary, HelloBello Financial, Inc., Durango, Colorado.
Granted: February 10, 2023

Regulations and Policies
Chair

Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: February 9, 2023

Back to Top
Last Update: February 16, 2023