Actions under delegated authority PDF

Actions taken during the week ending June 17, 2023

Bank Branches, Domestic
Cleveland

Community Trust Bank, Inc., Pikeville, Kentucky -- to establish a branch at 2419 Tunnel Hill Road, Elizabethtown, Kentucky.
Approved: June 12, 2023

St. Louis

Encore Bank, Little Rock, Arkansas -- to establish a branch at 18 South Markley Street, Greenville, South Carolina.
Approved: June 15, 2023

Bank Holding Companies
Chicago

Mechanicsville Bancshares, Inc., Mechanicsville, Iowa -- to continue to engage in making and servicing loans pursuant to section 225.28(b)(1) of Regulation Y.
Approved: June 12, 2023

Richmond

JSB Financial, Inc., Shepherdstown, West Virginia -- to become a bank holding company by acquiring Jefferson Security Bank, Shepherdstown, West Virginia.
Approved: June 14, 2023

San Francisco

CVB Holdings, Inc., Cashmere, Washington -- to become a bank holding company by acquiring Cashmere Valley Bank, Cashmere, Washington.
Withdrawn: June 14, 2023

Change in Bank Control
Chicago

Sword Financial Corporation, Horicon, Wisconsin -- The Frederick and Ruth Schwertfeger Irrevocable Trust of 2019, Wauwatosa, Wisconsin; Frederick C. Schwertfeger, Elm Grove, Wisconsin, and Alexandra G. Solanki, Wauwatosa, Wisconsin, as co-trustees; to join the Schwertfeger Family Control Group, a group acting in concert, to retain voting shares of Sword Financial Corporation, and thereby indirectly retain voting shares of Horicon Bank, Horicon, Wisconsin, and more.
Permitted: June 15, 2023

Extensions of Time
St. Louis

The Citizens Bank, Batesville, Arkansas -- extension to October 25, 2023, to establish a branch at 2416 Malvern Avenue, Hot Springs, Arkansas.
Granted: June 12, 2023

Membership
St. Louis

Anstaff Bank, Green Forest, Arkansas -- to become a member of the Federal Reserve System.
Approved: June 14, 2023

Regulations and Policies
Secretary

System of Records -- publication for comment of a notice of a proposed new system of records, BGFRS?45, "FRB?Debt Collection Records.?
Approved: June 14, 2023

System of Records -- publication for comment of a notice to modify an existing system of records, BGFRS?20, "FRB?Survey of Consumer Finances."
Approved: June 14, 2023

System of Records -- publication for comment of a notice to modify an existing system of records, BGFRS?9, ?FRB?Supplier Files.?
Approved: June 14, 2023

Savings and Loan Holding Companies
Chicago

Fidelity Federal Bancorp (Fidelity), Evansville, Indiana, and its parent companies, Pedcor Financial, LLC, and Pedcor Financial Bancorp, both of Carmel, Indiana -- (1) to become bank holding companies for a moment in time by acquiring Rockhold Bancorp (Target) and thereby indirectly acquiring Bank of Kirksville (Target Bank), both of Kirksville, Missouri; (2) to retain ownership of United Fidelity Bank, F.S.B. (Applicant Bank), Evansville, Indiana, a savings association, for the moment in time that they are bank holding companies and thereby engage in operating a savings association; and (3) to become savings and loan holding companies following the merger of Target with and into Fidelity and the merger of Target Bank with and into Applicant Bank.
Withdrawn: June 14, 2023

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Last Update: June 22, 2023