Actions under delegated authority PDF

Actions taken during the week ending August 3, 2024

Bank Branches, Domestic
Chicago

The Friendship State Bank, Friendship, Indiana -- to establish a branch at 24571 Stateline Road, Bright, Indiana.
Approved: July 29, 2024

Secretary

The Northern Trust Company, Chicago, Illinois -- to establish a branch at Two Commerce Square, 2001 Market Street, Philadelphia, Pennsylvania.
Approved: July 29, 2024

St. Louis

First Choice Bank, Pontotoc, Mississippi -- to establish a branch at 3212 Goodman Road East, Southaven, Mississippi.
Approved: August 1, 2024

Bank Holding Companies
Atlanta

United Bank Corporation, Barnesville, Georgia -- to engage de novo in extending credit and servicing loans pursuant to section 225.28(b)(1) of the Board's Regulation Y.
Approved: August 2, 2024

St. Louis

First Breckinridge Bancshares, Inc., Irvington, Kentucky -- to acquire First Kentucky Holding Company, LLC, Louisville, Kentucky, and thereby engage in activities that may be performed by a trust company pursuant to section 225.28(b)(5) of the Board's Regulation Y.
Approved: July 30, 2024

Banks, State Member
San Francisco

East West Bank, Pasadena, California -- to make certain public welfare investments (two requests).
Approved: July 31, 2024

Change in Bank Control
Dallas

Pilgrim Bancorporation, Mount Pleasant, Texas -- Rodney Bass, as trustee of The Lonnie Ken Pilgrim 2003 GST Trust, The Lonnie Ken Pilgrim 1999 Issue Trust, The LKP 2012 GST Trust, The Greta Pilgrim Owens 2003 GST Trust, The Greta Pilgrim Owens 1999 Issue Trust, and The GPO 2012 Trust, Sulphur Springs, Texas, to join the Pilgrim/Henson/Simpson family group, a group acting in concert, to retain shares of Pilgrim Bancorporation and thereby indirectly retain shares of Pilgrim Bank, Pittsburg, Texas.
Permitted: August 1, 2024

Kansas City

Steinauer Bancorp, Steinauer, Nebraska -- Johannes Wilhelmus Antonius Zuurbier, Amsterdam, Netherlands, to acquire voting shares of Steinauer Bancorp and thereby indirectly acquire voting shares of Bank of Steinauer, Steinauer, Nebraska.
Withdrawn: August 2, 2024

Financial Holding Companies
Minneapolis

Sterling Financial Group, Inc., Rochester, Minnesota -- election to become a financial holding company.
Effective: August 1, 2024

Membership
St. Louis

Union Bank & Trust Company, Monticello, Arkansas -- to become a member of the Federal Reserve System.
Approved: July 29, 2024

Savings and Loan Holding Companies
Chicago

Midfed Acquisition Corp., Wilmington, Delaware -- to become a savings and loan holding company by acquiring Midland Capital Holdings Corporation and thereby indirectly acquiring Midland Federal Savings and Loan Association, both of Bridgeview, Illinois.
Approved: July 29, 2024

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Last Update: August 08, 2024