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 January 13, 2024
Bank Branches, Domestic
Dallas
Susser Bank, Dallas, Texas -- to establish a branch at 901 MoPac Expressway South, Austin, Texas.
Approved: January 9, 2024
Bank Holding Companies
Kansas City
Cosperity Bancorp, Inc., Lee's Summit, Missouri -- to become a mutual bank holding company by acquiring First Federal Bank of Kansas City (Bank), Lee?s Summit, Missouri, upon the conversion of Bank from mutual to stock form.
Approved: January 8, 2024
Change in Bank Control
Chicago
Tama County Abstract Company, Toledo, Iowa -- Michael R. Mickelson, as trustee of the following trusts: the M.R. Mickelson Tama County Abstract Company Trust, the John M. Mickelson Trust f/b/o Benjamin J. Mickelson, Eagle, Idaho, and many more; to form the Mickelson Family Control Group, a group acting in concert to retain voting shares of Tama County Abstract Company and thereby indirectly retain voting shares of The State Bank of Toledo, Toledo, Iowa.
Permitted: January 9, 2024
Whitmore Company, Inc., Clarinda, Iowa -- Kenneth F. Whitmore GST Exempt Marital Trust, Lynn Whitmore as trustee, Lynn Whitmore, Scott Whitmore, and Cynthia Alvarez, all of Clarinda, Iowa; to join the Whitmore Family Control Group, a group acting in concert to retain voting shares of Whitmore Company, Inc., and thereby indirectly retain voting shares of PCSB Bank, Clarinda, Iowa.
Permitted: January 9, 2024
Kansas City
Henderson State Company, Henderson, Nebraska -- Jeanette Postier and Stephen Postier, both of York, Nebraska; to become members of the Postier Family Group, a group acting in concert to acquire additional voting shares of Henderson State Company and thereby indirectly acquire additional voting shares of Henderson State Bank, Henderson, Nebraska.
Permitted: January 8, 2024
Regulations and Policies
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
Approved: January 9, 2024
Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: January 9, 2024
Secretary
Rules of Practice for Hearings -- final rule adjusting the Board's civil money penalties to account for inflation.
Approved: January 8, 2024