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 March 8, 2025
Bank Branches, Domestic
Atlanta
Tennessee State Bank, Pigeon Forge, Tennessee -- to establish a branch at 575 West Broadway, Newport, Tennessee.
Approved: March 5, 2025
Dallas
Texas Regional Bank, Harlingen, Texas -- to establish a branch at 15147 Preston Road, Frisco, Texas.
Approved: March 6, 2025
Richmond
Atlantic Union Bank, Richmond, Virginia -- to establish a branch at 13794 Smoketown Road, Woodbridge, Virginia.
Approved: March 5, 2025
Secretary
First Citizens Community Bank, Mansfield, Pennsylvania -- to establish a branch at 1013A North DuPont Highway, Dover, Delaware.
Approved: March 7, 2025
Bank Holding Companies
Atlanta
Lindsey Family Trust, Lenox, Georgia -- to become a bank holding company by acquiring Trust Holding Company, Inc., and The Trust Bank, both of Lenox, Georgia.
Approved: March 6, 2025
General Counsel
TowneBank, Portsmouth, Virginia -- waiver of application to acquire Village Bank and Trust Financial Corp. (Village BHC) and Village Bank, both of Midlothian, Virginia, in connection with the merger of Village BHC and Village Bank with and into TowneBank.
Granted: March 7, 2025
Kansas City
First Missouri Bancshares, Inc., Brookfield, Missouri -- to merge with CCSB Financial Corp. and thereby indirectly acquire Clay County Savings Bank, both of Liberty, Missouri.
Approved: March 3, 2025
St. Louis
Old National Bancorp, Evansville, Indiana -- to acquire through merger Bremer Financial Corporation and thereby indirectly acquire Bremer Bank, National Association, both of St. Paul, Minnesota.
Approved: March 5, 2025
Banks, State Member
Chicago
Ally Bank, Sandy, Utah -- to make a public welfare investment.*
Approved: February 27, 2025
*Addition
San Francisco
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
Approved: March 3, 2025
Regulations and Policies
General Counsel
Bank Term Funding Program -- report to Congress under section 13(3) of the Federal Reserve Act.
Approved: March 7, 2025
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: March 7, 2025
Supervision and Regulation
Director, S&R
Discover Financial Services, Riverwoods, Illinois -- to make certain capital distributions under the capital plan rule.
Approved: March 7, 2025
Director, S&R, and Director, Financial Stability
Stress Tests -- issuance of hypothetical scenarios for 2025 stress tests.*
Approved: February 3, 2025
*Addition