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 May 6, 2023
Bank Branches, Domestic
Kansas City
Local Bank (fka Bank of Cherokee County), Hulbert, Oklahoma -- to establish a branch at 100 South Kerr Boulevard, Sallisaw, Oklahoma, and to increase its investment in bank premises.
Approved: May 5, 2023
Local Bank (fka Bank of Cherokee County), Hulbert, Oklahoma -- to establish a branch at 240 East 3rd Street, Grove, Oklahoma, and to increase its investment in bank premises.
Approved: May 5, 2023
St. Louis
The Central Trust Bank, Jefferson City, Missouri -- to establish a branch at 3938 Rainbow Boulevard, Kansas City, Kansas.
Approved: May 3, 2023
Bank Holding Companies
Atlanta
Tandem Bancorp, Inc., Tucker, Georgia -- to become a bank holding company by acquiring outstanding shares of Tandem Bank, Tucker, Georgia.
Approved: May 4, 2023
Dallas
Western Commerce Bancshares of Carlsbad, Inc., Carlsbad, New Mexico -- to acquire Western Bancshares of Clovis, Inc., Carlsbad, New Mexico, and thereby indirectly acquire Western Bank of Clovis, Clovis, New Mexico.
Approved: May 5, 2023
Richmond
United Community Banks, Inc., Greenville, South Carolina -- to acquire First Miami Bancorp, Inc., South Miami, Florida, and thereby indirectly acquire First National Bank of South Miami, Miami, Florida.
Approved: May 1, 2023
Banks, State Member
Richmond
United Bank, Fairfax, Virginia -- to make a public welfare investment.
Approved: May 5, 2023
Secretary
First Financial Bank, Cincinnati, Ohio -- to make a public welfare investment. *
Approved: April 26, 2023
*Addition
Change in Bank Control
St. Louis
Bancorp of Okolona, Inc., Okolona, Mississippi -- the Steven M. Dalton 2012 Gift Trust Fund, Stephen M. Dalton, Jr., individually, and as trustee, all of Sugar Land, Texas; the Everett McCain Dalton 2012 Gift Trust Fund, Everett M. Dalton, individually, and as trustee, and William E. Dalton, Jr., all of Houston, Texas; Elizabeth McCain, Takoma Park, Maryland; James E. McCain, III, Summerfield, Florida; Marguerite M. Lloyd, individually, and as executor of the Estate of Sam Lloyd, both of Sewanne, Tennessee; and Reynolds McCain and Patricia McCain, both of Columbus, Mississippi; to join the McCain Dalton Family Group, a group acting in concert, to retain voting shares of Bancorp of Okolona, Inc., and thereby indirectly retain voting shares of BankOkolona, Okolona, Mississippi.
Permitted: May 2, 2023
Extensions of Time
Director, S&R
BOK Financial Corporation, Tulsa, Oklahoma -- extension of time to conform or divest a merchant banking investment. *
Granted: April 20, 2023
*Addition
Membership
St. Louis
RiverWind Bank, Augusta, Arkansas -- to become a member of the Federal Reserve System.
Approved: May 4, 2023