Actions under delegated authority PDF

Actions taken during the week ending December 16, 2023

Bank Branches, Domestic
New York

Dime Community Bank, Bridgehampton, New York -- to establish a branch at 1407 Broadway, New York, New York.
Approved: December 14, 2023

Richmond

Bank of the James, Lynchburg, Virginia -- to establish a branch at 19792 Main Street, Buchanan, Virginia.
Approved: December 15, 2023

The Farmers Bank of Appomattox, Appomattox, Virginia -- to establish a branch at 8112 Timberlake Road, Lynchburg, Virginia.
Approved: December 14, 2023

San Francisco

Bank of the Orient, San Francisco, California -- to establish a branch at 3388-A Highway 6 South, Sugar Land, Texas.
Approved: December 13, 2023

St. Louis

Dieterich Bank, Effingham, Illinois -- to establish a branch at 101 North Main Street, Waterloo, Illinois.
Approved: December 15, 2023

Simmons Bank, Pine Bluff, Arkansas -- to establish a branch at 4330 Saint Michael Drive, Texarkana, Texas.
Approved: December 15, 2023

Bank Holding Companies
Boston

Mutual Bancorp, Hyannis, Massachusetts -- to merge with Fidelity Mutual Holding Company, Leominster, Massachusetts, and thereby indirectly acquire Life Design Holding Company, Hyannis, Massachusetts, and Fidelity Co-Operative Bank, Leominster, Massachusetts.
Approved: December 11, 2023

Chicago

MidWestOne Financial Group, Inc., Iowa City, Iowa -- waiver of application to acquire Denver Bankshares, Inc., and thereby indirectly acquire Bank of Denver, both of Denver, Colorado, in connection with the merger of Bank of Denver with and into MidwestOne Bank, Iowa City, Iowa.
Granted: December 13, 2023

Dallas

Patrons Holdings, Inc., Dallas, Texas -- to become a bank holding company by acquiring Eden Financial Corporation, San Angelo, Texas, and thereby indirectly acquire Texas Financial Bank, Eden, Texas, and Amistad Bank, Del Rio, Texas.
Approved: December 15, 2023

New York

The Goldman Sachs Group, Inc., New York, New York -- to increase its community welfare investments.
Approved: December 13, 2023

Banks, State Member
San Francisco

East West Bank, Pasadena, California -- to make a public welfare investment.
Approved: December 15, 2023

Change in Bank Control
Kansas City

Integrity Capital Holdings, Inc., Monument, Colorado -- Oikonomia Financial Holdings, LLP, The Randall B. Rush Revocable Trust, and Randall B. Rush, as trustee, all of Colorado Springs, Colorado; Wendy Fisher, Monument, Colorado; and more to acquire voting shares of Integrity Capital Holdings, Inc., and thereby indirectly acquire voting shares of Integrity Bank & Trust, Monument, Colorado. Also, Christina Harrison, Fredericktown, Ohio, to join the Rush Family Control Group, and more.
Permitted: December 12, 2023

St. Louis

Edmonton Bancshares, Inc., Edmonton, Kentucky -- Kimberly P. Thompson Irrevocable Trust, Katherine Thompson Investment Services Trust, Lawren K. Thompson Investment Services Trust, and more, all of Brentwood, Tennessee, and more, a group acting in concert, to retain voting shares of Edmonton Bancshares, Inc., and thereby indirectly retain voting shares of Edmonton State Bank, Glasgow, Kentucky.
Permitted: December 12, 2023

Edmonton Bancshares, Inc., Edmonton, Kentucky -- Laura Nell Lawless, Jonathan Lawless, Andrew J. Lawless, Jackson E. Lawless, and Robert R. Lawless, all of Bowling Green, Kentucky, and more, a group acting in concert, to retain voting shares of Edmonton Bancshares, Inc., and thereby indirectly retain voting shares of Edmonton State Bank, Glasgow, Kentucky, and more.
Permitted: December 12, 2023

Extensions of Time
Director, S&R

Citigroup Inc., New York, New York -- extension of time to conform or divest a merchant banking investment. *
Granted: December 5, 2023
*Addition

Regulations and Policies
Director, S&R

Regulatory Capital Rules -- notice of the 2023 aggregate global indicator amounts, as required under the Board's rule regarding risk-based capital surcharges for global systemically important bank holding companies. *
Approved: December 6, 2023
*Addition

General Counsel

Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
Approved: December 11, 2023

Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: December 11, 2023

Secretary

Regulation BB (Community Reinvestment) -- interagency annual adjustment to the asset-size thresholds used to define "small bank" and "intermediate small bank" under the Community Reinvestment Act regulations.
Approved: December 13, 2023

Supervision and Regulation
Director, S&R

Santander Holdings USA, Inc., Boston, Massachusetts -- request to treat credit-linked-note transactions and certain substantially identical credit-linked-note transactions as synthetic securitizations under Regulation Q.
Approved: December 12, 2023

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Last Update: December 21, 2023