Board of Governors of the Federal Reserve System

Frost Bank, San Antonio, Texas -- to establish a branch at 19019 IH 35, Kyle, Texas.
Approved: October 1, 2024

Pillar Bank, Baldwin, Wisconsin -- to establish a branch at 1080 Cornwall Avenue, Amery, Wisconsin.
Approved: October 3, 2024

Orange Bank and Trust Company, Middletown, New York -- to establish a branch at 3485 East Tremont Avenue, Bronx, New York.
Approved: October 4, 2024

GTSB Financial Inc., Plymouth, Michigan -- to become a bank holding company by acquiring First State Bank of Decatur, Decatur, Michigan.
Approved: September 30, 2024

Karnes County National Bancshares, Inc., Karnes City, Texas -- to become a bank holding company by acquiring The Karnes County National Bank of Karnes City, Karnes City, Texas.
Approved: October 3, 2024

Alerus Financial Corporation, Grand Forks, North Dakota -- waiver of application to acquire HMN Financial, Inc., Rochester, Minnesota, and thereby indirectly acquire Home Federal Savings Bank, Rochester, Minnesota, in connection with the merger of Home Federal Savings Bank with and into Alerus Financial, National Association, Grand Forks, North Dakota.*
Approved: September 24, 2024
*Addition

Heritage Bancshares, Inc., Topeka, Kansas -- termination of a commitment.*
Granted: September 23, 2024
*Addition

Manufacturers and Traders Trust Company, Buffalo, New York -- to make certain public welfare investments (four requests).
Approved: October 3, 2024

Anderson Bancorp, Inc., Oneida, Illinois -- Richard D. Anderson, Dahinda, Illinois, individually and as trustee of the Mary Jan Anderson Trust, Galesburg, Illinois; Andrew V. Anderson, Monument, Colorado; Megan L. Compton and Wesley J. Anderson, both of Oneida, Illinios; to form the Anderson Family Control Group, a group acting in concert, to acquire voting shares of Anderson Bancorp, Inc., and thereby indirectly acquire voting shares of Anderson State Bank, Oneida, Illinois.
Permitted: October 1, 2024

MHBC Investments Limited Partnership I, LLLP, England, Arkansas -- the Gary Canada Family Trust and the Bradley S. Canada 2020 Trust, Bradley S. Canada as trustee for both, all of Little Rock, Arkansas; and Gary R. Canada Sr., England, Arkansas; a group acting in concert, to retain voting shares of MHBC Investments Limited Partnership I, LLLP, and thereby indirectly retain voting shares of Canada Bancshares, Inc., and the Bank of England, both of England, Arkansas.
Returned: September 30, 2024

Townsend Financial Corporation, Parsons, Tennessee -- Suzanne L. Shaw, Greensburg, Pennsylvania; to join the Croftcheck Family Control Group, a group acting in concert, to acquire voting shares of Townsend Financial Corporation and thereby indirectly acquire voting shares of Farmers Bank, Parsons, Tennessee.
Permitted: October 4, 2024

Brogan Bankshares, Inc., Kaukauna, Wisconsin -- election to become a financial holding company.
Effective: October 4, 2024

Regulation M (Consumer Leasing) -- final interagency amendments to establish dollar thresholds that will apply for determining exempt consumer leases in 2025.*
Approved: September 25, 2024
*Addition

Regulation Z (Truth in Lending) -- final interagency determination of the 2025 threshold for exempting certain loans from special appraisal requirements for higher-priced mortgages.*
Approved: September 26, 2024
*Addition

Regulation Z (Truth in Lending) -- final interagency amendments to establish dollar thresholds that will apply for determining exempt consumer credit transactions in 2025.*
Approved: September 25, 2024
*Addition