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

Last Update: March 13, 2025