Actions under delegated authority PDF

Actions taken during the week ending July 29, 2023

Bank Branches, Domestic
Atlanta

Capital City Bank, Tallahassee, Florida -- to establish a branch at 3436 Highway 77, Lynn Haven, Florida.
Approved: July 27, 2023

Dallas

First Liberty Bank, Liberty, Texas -- to establish a branch at 979 County Road 5270, Cleveland, Texas.
Approved: July 27, 2023

Frost Bank, San Antonio, Texas -- to establish a branch at 5800 North Mopac Expressway, Austin, Texas.
Approved: July 27, 2023

Secretary

First Financial Bank, Cincinnati, Ohio -- to establish a branch at 2610 North High School Road, Indianapolis, Indiana.
Approved: July 26, 2023

Peapack-Gladstone Bank, Bedminster, New Jersey -- to establish a branch at 300 Park Avenue, New York, New York.
Approved: July 27, 2023

St. Louis

Arvest Bank, Fayetteville, Arkansas -- to establish a branch at the northwest corner of Highway 5 and Salem Road, Benton, Arkansas.
Approved: July 25, 2023

Bank Holding Companies
New York

SR Bancorp, Inc., Bound Brook, New Jersey -- (1) to become a bank holding company upon the conversion of its subsidiary, Somerset Savings Bank, SLA (SSB), Bound Brook, New Jersey, from a savings association to a bank and (2) waiver of application to acquire Regal Bancorp, Inc., and its subsidiary, Regal Bank, both of Livingston, New Jersey, in connection with the merger of Regal Bank with and into SSB. *
Granted: July 18, 2023
*Addition

Bank Mergers
Chicago

One Community Bank, Oregon, Wisconsin -- to merge with Farmers State Bank-Hillsboro, Hillsboro, Wisconsin, and thereby establish branches.
Approved: July 26, 2023

Bank Premises
New York

Orange Bank & Trust Company, Middletown, New York -- to exceed its investment in bank premises, pursuant to section 24A of the Federal Reserve Act and Section 208.21 of Regulation H.
Withdrawn: July 25, 2023

Banks, State Member
Dallas

Comerica Bank, Dallas, Texas -- to make a community development and public welfare investment.
Approved: July 24, 2023

San Francisco

Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
Approved: July 25, 2023

Secretary

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

The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
Approved: July 26, 2023

Change in Bank Control
Chicago

Bosshard Financial Group, Inc., La Crosse, Wisconsin -- Dairyland Bank Holding Corporation, and William Bosshard, Andrew Bosshard, Joseph Bosshard, Makenzie Bosshard, Carlista Bosshard, and John Bosshard as Tenants in Common, all of La Crosse, Wisconsin; to join the Bosshard Family Control Group, a group acting in concert to acquire voting shares of Bosshard Financial Group, Inc., and thereby indirectly acquire voting shares of One Community Bank, Oregon, Wisconsin, and Farmers State Bank-Hillsboro, Hillsboro, Wisconsin.
Permitted: July 26, 2023

Sac City Limited, Sac City, Iowa -- Dierk Halverson, Coon Rapids, Iowa; John Chrystal, Aspen, Colorado; and Steven Spotts, Sac City, Iowa; to acquire additional voting shares of Sac City Limited, and thereby indirectly acquire additional voting shares of Iowa State Bank, Sac City, Iowa, as part of a group acting in concert that includes Timothy O. Lee, Coon Rapids, Iowa.
Permitted: July 28, 2023

Extensions of Time
Cleveland

Genoa Bank, Genoa, Ohio -- extension to January 28, 2024, (1) to establish a branch at 1701 West State Street, Fremont, Ohio, and (2) to exceed its investment in bank premises.
Granted: July 24, 2023

Membership
Dallas

TXN Bank, National Association, Hondo, Texas -- to retain its membership in the Federal Reserve System following its conversion to a state-chartered bank.
Approved: July 27, 2023

Philadelphia

Citizens & Northern Bank, Wellsboro, Pennsylvania -- to become a member of the Federal Reserve System.
Approved: July 28, 2023

St. Louis

Bank of Winona, Winona, Mississippi -- to become a member of the Federal Reserve System.
Approved: July 27, 2023

Savings and Loan Holding Companies
General Counsel

SR Bancorp, Inc. (SR Bancorp), Bound Brook, New Jersey -- waiver of application to become a savings and loan holding company by acquiring Somerset Bank (Bank), Bound Brook, New Jersey, a state savings association, upon Bank's conversion from mutual to stock form. *
Granted: July 14, 2023
*Addition

New York

SR Bancorp, Bound Brook, New Jersey -- prior approval to engage in extending credit and servicing loans. *
Approved: July 18, 2023
*Addition

Supervision and Regulation
Director, S&R

JPMorgan Chase & Co., New York, New York -- to make capital distributions in the second, third, and fourth quarters of 2023 after the occurrence of an event requiring resubmission of its capital plan.
Approved: July 27, 2023

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Last Update: August 03, 2023