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 February 3, 2024
Bank Branches, Domestic
Chicago
Community State Bank, Avilla, Indiana -- to establish a branch at 11255 Twin Creeks Drive, Fort Wayne, Indiana.
Approved: February 2, 2024
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 3820 Belt Line Road, Addison, Texas.
Approved: January 30, 2024
St. Louis
OakStar Bank, Springfield, Missouri -- to establish a branch at 605 West Aven Avenue, Nixa, Missouri.
Approved: February 1, 2024
Bank Holding Companies
Cleveland
Nextier Incorporated, Kittanning, Pennsylvania -- to acquire Mars Bancorp, Inc., and thereby acquire Mars Bank, both of Mars, Pennsylvania, through the merger with and into NexTier Bank, N.A., Kittanning, Pennsylvania.
Approved: January 29, 2024
Secretary
WaFD, Inc., Seattle, Washington -- to acquire Luther Burbank Corporation and thereby indirectly acquire Luther Burbank Savings, both of Santa Rosa, California.
Approved: January 30, 2024
Bank Premises
Richmond
Benchmark Community Bank, Kenbridge, Virginia -- to increase its investment in bank premises.
Approved: January 30, 2024
Banks, State Member
New York
Goldman Sachs Bank USA, New York, New York -- to make two public welfare investments. *
Approved: January 22, 2024
*Addition
Change in Bank Control
Chicago
Ixonia Bancshares, Inc., Ixonia, Wisconsin -- Kristine L. MacDonald Ixonia Trust, Joan P. Lubar Ixonia Trust, Susan A. Lubar Ixonia Trust, and Sheldon B. and Marianne Lubar Ixonia Trust, all of Milwaukee, Wisconsin, and more; to join the Lubar Family Control Group, a group acting in concert, to acquire voting shares of Ixonia Bancshares, Inc., and thereby indirectly acquire voting shares of Ixonia Bank, Ixonia, Wisconsin.
Permitted: January 30, 2024
Petefish, Skiles Bancshares, Inc., Virginia, Illinois -- George Bley II and Michelle Bley, both of Palm Harbor, Florida, and Jan E. Rohde, Springfield, Illinois, as members of the Bley Family Control Group, a group acting in concert, to retain voting shares of Petefish, Skiles Bancshares, Inc., and The First National Bank of Beardstown, Beardstown, Illinois.
Permitted: January 31, 2024
Kansas City
Tescott Bancshares, Inc., Tescott, Kansas -- Jeff A. Berkley, Lawrence, Kansas, as co-trustee of the H.J. Berkley Trust U/A dated 05/06/69, Salina, Kansas, the Karla J. Spurgeon Trust II, and more, to join the Berkley Family Group, a group acting in concert, to retain voting shares of Tescott Bancshares, Inc., and thereby indirectly retain voting shares of The Bank of Tescott, Tescott, Kansas.
Permitted: January 29, 2024