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 17, 2024
Bank Branches, Domestic
Richmond
Bank of the James, Lynchburg, Virginia -- to establish a branch at 2773-B Rockfish Valley Highway, Nellysford, Virginia.
Approved: February 14, 2024
San Francisco
Pacific Premier Bank, Irvine, California -- to establish a branch at 111 SW Columbia Street, Portland, Oregon.
Approved: February 13, 2024
Bank Holding Companies
Cleveland
KFB Holdings, Inc, Ashland, Kentucky -- to become a bank holding company by acquiring Kentucky Farmers Bank Corporation, Ashland, Kentucky.
Approved: February 16, 2024
Dallas
TEB Trust and TEB Middle Holdings, LLC, both of Fort Worth, Texas -- to become bank holding companies by acquiring shares of Texas Exchange Bank, Crowley, Texas.
Approved: February 16, 2024
Director, S&R
Sumitomo Mitsui Financial Group, Inc., and Sumitomo Mitsui Banking Corporation, both of Tokyo, Japan -- relief from certain commitments.
Granted: February 14, 2024
Kansas City
Bern Bancshares, Inc., Bern, Kansas -- to acquire voting shares of UBT Bancshares, Inc., and thereby indirectly acquire United Bank & Trust, both of Marysville, Kansas.
Approved: February 16, 2024
Banks, State Member
New York
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: February 12, 2024
Change in Bank Control
Kansas City
CCSB Financial Corp., Liberty, Missouri -- Park G.P., Inc., North Kansas City, Missouri, and David Leland Johnson and Sandra Lee Castetter, Kansas City, Missouri, to become members of the Johnson
Castetter Family Group, a group acting in concert, to retain voting shares of CCSB Financial Corp. and thereby indirectly retain voting shares of Clay County Savings Bank, Liberty, Missouri.
Permitted: February 16, 2024
N.B.C. Bancshares in Pawhuska, Inc., Pawhuska, Oklahoma -- Charles Garrett, Tulsa, Oklahoma, as investment adviser to the NBC Bancshares Subtrust of the Drummond Family Trust dated October 1, 2021, to become a member of the Drummond Family group, a group acting in concert, to retain voting shares of N.B.C. Bancshares in Pawhuska, Inc., and thereby indirectly retain voting shares of Blue Sky Bank, Pawhuska, Oklahoma.
Permitted: February 15, 2024
St. Louis
Buffalo Bancshares, Inc., Buffalo, Oklahoma -- Rondal L. Wright Irrevocable Grantor Trust, R. Brent Wright, individually and as trustee, both of Glasgow, Kentucky, to acquire voting shares of Buffalo Bancshares, Inc., and thereby indirectly acquire voting shares of Bank of Buffalo, Buffalo, Kentucky.
Returned: February 12, 2024
Cornerstone Bancshares, Inc., Lebanon, Missouri -- Christy Jones, Kevin Jones, and the Franklin D. & Donna L. Lewis Trust dated June 21, 2004, Franklin D. Lewis and Donna L. Lewis as co-trustees, all of Marshfield, Missouri, and more, as a group acting in concert, to retain voting shares of Cornerstone Bancshares, Inc., and thereby indirectly retain voting shares of Heritage Bank of the Ozarks, Lebanon, Missouri.
Permitted: February 13, 2024