Board of Governors of the Federal Reserve System

Central State Bank, Calera, Alabama -- to establish a branch at 6801 Cahaba Valley Road, Birmingham, Alabama.
Approved: March 1, 2023

SmartBank, Pigeon Forge, Tennessee -- to establish a branch at 2375 Centerville Road, Tallahassee, Florida.
Approved: March 3, 2023

Iowa State Bank, Hull, Iowa -- to establish a branch at 125 Main Street, Galva, Iowa.
Approved: February 28, 2023

Heartland Bank, Whitehall, Ohio -- to establish a branch at 1754 Columbus Pike, Delaware, Ohio.
Approved: March 3, 2023

Commonwealth Business Bank, Los Angeles, California -- to establish a branch in Honolulu, Hawaii.
Approved: March 3, 2023

The Central Trust Bank, Jefferson City, Missouri -- to establish a branch at 15892 South Ridgeview Road, Olathe, Kansas.
Approved: March 3, 2023

First Community Bankshares, Inc., Bluefield, Virginia -- waiver of application to acquire Surrey Bancorp and thereby indirectly acquire its wholly owned subsidiary, Surrey Bank & Trust, both of Mount Airy, North Carolina, in connection with the merger of Surrey Bank & Trust with and into First Community Bank, Bluefield, Virginia.
Granted: February 27, 2023

First Community Bank, Bluefield, Virginia -- to merge with Surrey Bank & Trust, Mount Airy, North Carolina, and thereby establish branches at Surrey Bank & Trust?s main office and branches.
Approved: February 27, 2023

Ally Bank, Sandy, Utah -- to make a public welfare investment.
Approved: March 1, 2023

First National Buffalo Bankshares, Inc., Buffalo, Wyoming -- The FEATAN Revocable Trust, Thomas A. Holt as trustee and as trustee of the FNB 401(k) Employee Stock Ownership Plan; the Heather A. Eklund Living Trust, Heather A. Eklund as trustee; the Raymond A. Holt Revocable Trust, Raymond A. Holt, trustee, all of Buffalo, Wyoming; the Holt Family Trust, Denise A. Holt, as trustee, Ranchester, Wyoming; and Robert Holt and Lori Holt, both of Littleton, Colorado; to become members of the Holt Family Group, a group acting in concert, to retain voting shares of First National Buffalo Bankshares, Inc., and thereby indirectly retain voting shares of First Northern Bank of Wyoming, Buffalo, Wyoming, and First State Bank of Newcastle, Newcastle, Wyoming.
Permitted: March 1, 2023

Coulee Bancshares, Inc., La Crosse, Wisconsin -- the Gasterland Family GST Trust, La Crosse, Wisconsin; Dirk R. Gasterland, individually and as trustee, Chaska, Minnesota; Jennifer VandenBrink, individually and as trustee, Chanhassen, Minnesota; Lloyd Michael Gilbertson, Grand Rapids, Minnesota; Olaf Gilbertson, Jordan, Minnesota; Gretchen Gasterland-Gustafsson, Grace Gasterland, and a certain minor child, all of St. Paul, Minnesota; Natalie Gasterland, Chicago, Illinois; Emma Gasterland-Gustafsson, Brooklyn, New York; and Lilly Gasterland-Gustafsson, New York, New York; to join the Gasterland Control Group, a group acting in concert, to retain voting shares of Coulee Bancshares, Inc., and thereby indirectly retain voting shares of Coulee Bank, La Crosse, Wisconsin.
Permitted: February 28, 2023

Wells Fargo & Company, San Francisco, California -- extension of time to conform or divest a merchant banking investment.
Granted: March 2, 2023

Farmers and Merchants Bank, Baldwyn, Mississippi -- extension to August 14, 2023, to establish a temporary branch at 100 Interchange Drive, and a permanent branch at 418 Interchange Drive, both of Fulton, Mississippi.
Granted: February 28, 2023

BMO Financial Corp., Wilmington, Delaware -- to make capital distributions in the first quarter of 2023 after the occurrence of an event requiring resubmission of its capital plan.
Approved: March 1, 2023