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 April 6, 2024
Bank Branches, Domestic
Dallas
Origin Bank, Choudrant, Louisiana -- to establish a branch at 3700 Dauphin Street, Mobile, Alabama.*
Approved: March 28, 2024
*Addition
Banks, State Member
Chicago
Ally Bank, Sandy, Utah -- to make a public welfare investment.
Approved: April 4, 2024
San Francisco
Bank of Hawaii, Honolulu, Hawaii -- to make a public welfare investment.*
Approved: March 29, 2024
*Addition
Change in Bank Control
Minneapolis
Minnesota Community Bancshares, Inc., Albert Lea, Minnesota -- Mark J. Heinemann Trust Agreement dated January 23, 2024, Mark Heinemann and Allison Berg Heinemann, as co-trustees, all of Albert Lea, Minnesota; Leslie Heinemann and Lisbeth Heinemann, both of Flandreau, South Dakota; and Thomas T. Berg and Paula D. Berg, both of Albert Lea, Minnesota; as members of the Heinemann Family Control Group, a group acting in concert, to acquire voting shares of Minnesota Community Bancshares, Inc., and thereby indirectly acquire voting shares of Arcadian Bank, Albert Lea, Minnesota.
Permitted: April 4, 2024
St. Louis
Drew Bancshares, Inc., Monticello, Arkansas -- Bennie F. Ryburn III, Ray Morrison Ryburn, Marion B. Ryburn, and Halley A. Ryburn, all of Monticello, Arkansas; Angelia D. Ryburn, Wilmar, Arkansas; Margaret Anne Ryburn, Atlanta, Georgia; and Madison A. Ryburn, Dallas, Texas; to join the Ryburn Family Control Group, a group acting in concert, to retain voting shares of Drew Bancshares, Inc., and thereby indirectly retain voting shares of Commercial Bank & Trust Company, Monticello, Arkansas.
Permitted: April 5, 2024
Midwest Regional Bancorp, Inc., Festus, Missouri -- The Michael F. Bender Revocable Living Trust dated February 10, 2023, and The Diane M. Bender Revocable Living Trust dated February 10, 2023, Michael F. Bender and Diane M. Bender as co-trustees of both trusts, all of Farmington, Missouri, to retain voting shares of Midwest Regional Bancorp, Inc., and thereby indirectly retain voting shares of Midwest Regional Bank, Clayton, Missouri.
Permitted: April 1, 2024