Actions under delegated authority PDF

Actions taken during the week ending August 19, 2023

Bank Branches, Domestic
Atlanta

Regions Bank, Birmingham, Alabama -- to establish a branch at 140 Outfield Drive, Madison, Alabama.
Approved: August 17, 2023

New York

Orange Bank & Trust Company, Middletown, New York -- to establish a branch at 1969 Central Park Avenue, Yonkers, New York.
Approved: August 18, 2023

San Francisco

Commencement Bank, Tacoma, Washington -- to establish a de novo branch at 7804 Pioneer Way, Gig Harbor, Washington.
Returned: August 18, 2023

St. Louis

Signature Bank of Arkansas, Fayetteville, Arkansas -- to establish a branch at 103 West Emma Avenue, Springdale, Arkansas
Approved: August 18, 2023

Bank Holding Companies
Kansas City

First National Bancshares, Inc. Profit Sharing and Employee Stock Ownership Plan and Trust, Goodland, Kansas -- to acquire additional voting shares of First National Bancshares, Inc., and thereby indirectly acquire additional shares of FNB Bank, both in Goodland, Kansas.
Approved: August 17, 2023

Banks, State Member
San Francisco

Pacific Premier Bank, Irvine, California -- to make certain public welfare investments.
Approved: August 17, 2023

Secretary

State Street Bank and Trust Company, Boston, Massachusetts -- to make a public welfare investment.
Approved: August 17, 2023

Change in Bank Control
Atlanta

Ocean Bankshares, Inc., Miami, Florida -- Carmen De Abreu 2023 Family Exempt Trust, Jackson, Wyoming (co-trustees Carmen Elena De Abreu, Miami, Florida; Investa Group Corp., Wilmington, Delaware; and Teton Trust Company LLC, Jackson, Wyoming), to join the Abreu Family Control Group, a group acting in concert, to acquire voting shares of Ocean Bankshares, Inc., and thereby indirectly acquire voting shares of Ocean Bank, Miami, Florida.
Permitted: August 14, 2023

Chicago

1895 Bancorp of Wisconsin, Inc., Greenfield, Wisconsin -- PyraMax Bank, FSB Employee Stock Ownership Plan Trust, Greenfield, Wisconsin, with Principal Trust Company, Wilmington, Delaware, as trustee, to acquire voting shares of 1895 Bancorp of Wisconsin, Inc., and thereby indirectly acquire voting shares of PyraMax Bank, FSB, Greenfield, Wisconsin.
Permitted: August 15, 2023

Extensions of Time
Kansas City

Enterprise Bank, Omaha, Nebraska -- extension to November 30, 2023, to establish a branch at 132nd Street, Omaha, Nebraska.
Granted: August 18, 2023

Financial Holding Companies
St. Louis

Nemo Bancshares, Inc., Madison, Missouri -- election to become a financial holding company.
Effective: August 16, 2023

Savings and Loan Holding Companies
Philadelphia

Cambray Mutual Holding Company, Gouverneur, New York -- to convert from mutual to stock form. As part of the conversion, Cambray Mutual Holding Company and Gouverneur Bancorp, Inc., Gouverneur, New York, an existing mid-tier savings and loan holding company, will cease to exist, and Gouverneur Savings and Loan Association, Gouverneur, New York, will become a wholly owned subsidiary of Gouverneur Bancorp, Inc., Gouverneur, New York, a newly formed Maryland corporation, which has applied to become a savings and loan holding company.
Approved: August 14, 2023

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Last Update: August 24, 2023