Actions taken by the Federal Reserve Bank of Richmond under delegated authority

Bank Branches, Domestic
Coastal States Bank, Hilton Head Island, South Carolina -- to establish a branch at 1029 Boundary Street, Beaufort, South Carolina.
- Approved, March 27, 2024
Atlantic Union Bank, Richmond, Virginia -- to establish a branch at 13986 Metrotech Drive, Chantilly, Virginia.
- Approved, March 20, 2024
First Bank, Strasburg, Virginia -- to establish a branch at 310 First Street, Roanoke, Virginia.
- Approved, March 19, 2024
Bank of the James, Lynchburg, Virginia -- to establish a branch at 2773-B Rockfish Valley Highway, Nellysford, Virginia.
- Approved, February 14, 2024
Bank Holding Companies
Burke & Herbert Financial Services Corp., Alexandria, Virginia -- waiver of application to acquire Summit Financial Group, Inc., Moorefield, West Virginia, in connection with the merger of Summit Community Bank, Inc., Moorefield, West Virginia, with and into Burke & Herbert Bank & Trust Company, Alexandria, Virginia.
- Granted, April 16, 2024
Bank Premises
Benchmark Community Bank, Kenbridge, Virginia -- to increase its investment in bank premises.
- Approved, January 30, 2024

Last Update: April 26, 2024