Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Board Actions PDF
Actions taken during the week ending February 15, 2025
Bank Holding Companies
ChoiceOne Financial Services, Inc., Sparta, Michigan -- to merge with Fentura Financial, Inc., and thereby indirectly acquire The State Bank, both of Fenton, Michigan, and for ChoiceOne Bank, Sparta, Michigan, to merge with The State Bank and establish and operate branches at The State Bank's locations.
Approved: February 11, 2025
CSBH, LLC, Powhatan, Virginia -- to acquire voting shares of Industry Bancshares, Inc. (Industry), Industry, Texas, and thereby indirectly acquire control of Industry's subsidiary banks: Industry State Bank, Industry, Texas; Bank of Brenham, National Association, Brenham, Texas; Fayetteville Bank, Fayetteville, Texas; The First National Bank of Shiner, Shiner, Texas; Citizens State Bank, Buffalo, Texas; and The First National Bank of Bellville, Bellville, Texas.
Approved: February 11, 2025
WesBanco, Inc., Wheeling, West Virginia -- to acquire Premier Financial Corporation, Defiance, Ohio, and thereby indirectly acquire Premier Bank, Youngstown, Ohio.
Approved: February 11, 2025
Enforcement
Wells Fargo & Company, San Francisco, California -- (1) termination of cease-and-desist order dated April 13, 2011, as amended on February 28, 2013, and (2) with Wells Fargo Financial, Inc., Des Moines, Iowa, termination of cease-and-desist order dated July 20, 2011.*
Announced: February 4, 2025
*Addition