Board of Governors of the Federal Reserve System

Iowa State Bank and Trust Company, Fairfield, Iowa -- to establish a branch at 603 East Maple Street, Centerville, Iowa.
Approved: September 25, 2024

Frost Bank, San Antonio, Texas -- to establish a branch at 18530 West Airport Boulevard, Richmond, Texas.
Approved: September 27, 2024

Lowndes Bancshares, Inc., Valdosta, Georgia -- to merge with FMB Bancshares, Inc., and therefore indirectly acquire Farmers and Merchants Bank, both of Lakeland, Georgia.
Approved: September 26, 2024

FBBT Holdings, Inc., San Francisco, California -- to become a bank holding company by acquiring State Bank of Nauvoo, Nauvoo, Illinois.
Withdrawn: September 27, 2024

Greenfield Bancorporation, Ltd., Greenfield, Iowa -- waiver of application to acquire Exchange State Bank, Adair, Iowa, in connection with the merger of Exchange State Bank with and into Union State Bank, Greenfield, Iowa.
Granted: September 25, 2024

The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania -- to engage in community development activities up to 15 percent of total consolidated capital and surplus pursuant to section 225.28(b)(12) of the Board's Regulation Y.
Approved: September 27, 2024

First Citizens BancShares, Inc., Raleigh, North Carolina -- request to redeem certain subordinated debt.
Granted: September 26, 2024

North Valley Bancshares, Inc., and Northern Valley Bank, both of Zanesville, Ohio -- to acquire Commodore Financial Network, Inc., and thereby indirectly acquire Commodore Bank, both of Somerset, Ohio.
Approved: September 25, 2024

Farmers Bancorp, Inc., Blytheville, Arkansas -- waiver of application to acquire Piggott Bankstock, Inc., Piggott, Arkansas, in connection with the merger of Piggott State Bank, Piggot, Arkansas, with and into Farmers Bank and Trust Company, Blytheville, Arkansas.
Granted: September 26, 2024

Farmers Bank and Trust Company, Blytheville, Arkansas -- to merge with Piggott State Bank, Piggott, Arkansas, and thereby establish branches at the locations of Piggott State Bank's main office and branches.
Approved: September 26, 2024

Manufacturers and Traders Trust Company, Buffalo, New York -- to retain certain public welfare investments.*
Approved: September 20, 2024
*Addition

Perryton Bancshares, Inc., Perryton, Texas -- The Tim Tregellas Trust--Perryton Bancshares Trust S, Tim Tregellas, as trustee, Aledo, Texas; and The William Mac Tregellas Trust--Perryton Bancshares Trust S, William Mac Tregellas, as trustee, Perryton, Texas; to join the Tregellas Family Group, a group acting in concert, to acquire voting shares of Perryton Bancshares, Inc., and thereby indirectly acquire voting shares of The Perryton National Bank, Perryton, Texas. In addition, Chad Tregellas, Aledo, Texas; Tiffany Tregellas, Fort Worth, Texas; and William Seth Tregellas, Perryton, Texas; to join the Tregellas Family Group, to retain voting shares of Perryton Bancshares, Inc.
Permitted: September 27, 2024

Campbell Hill Bancshares, Inc., Campbell Hill, Illinois -- The Edward C. Knop & Barbara B. Knop Living Trust, Edward C. Knop and Barbara B. Knop, trustees, all of Clifton, Illinois; James E. Knop, Ely, Minnesota; Mary R. Knop Patterson, Williamsburg, Virginia; and John C. Knop, Apple Valley, Minnesota; to establish the Knop Family Control Group, a group acting in concert, to retain voting shares of Campbell Hill Bancshares, Inc., and thereby indirectly retain voting shares of First State Bank of Campbell Hill, Campbell Hill, Illinois.
Permitted: September 27, 2024

First United Bank and Trust, Durant, Oklahoma -- to become a member of the Federal Reserve System.
Approved: September 25, 2024

UBS Americas Holding LLC, New York, New York -- to make capital distributions under the capital plan rule.
Approved: September 26, 2024