Actions under delegated authority

Actions taken during the week ending December 12, 2020

Bank Branches, Domestic

St. Louis

Encore Bank, Little Rock, Arkansas -- to establish a branch at 301 West Avenue, Austin, Texas.
-Approved, December 9, 2020

Minneapolis

Opportunity Bank of Montana, Helena, Montana -- to establish a branch at 4150 Valley Commons Drive, Bozeman.
-Approved, December 7, 2020

Minneapolis

Opportunity Bank of Montana, Helena, Montana -- to establish a branch at 1821 South Avenue West, Missoula.
-Approved, December 11, 2020

Bank Holding Companies

Director, S&R

Credit Suisse Group AG, Zurich, Switzerland -- relief from certain commitments.
-Granted, December 9, 2020

St. Louis

Lineage Financial Network, Inc., Franklin, Tennessee -- to become a bank holding company by acquiring Bumpushares, Inc., Atwood, and thereby indirectly acquiring Citizens Bank & Trust Company.
-Approved, December 10, 2020

Bank Premises

Richmond

The Bank of Marion, Marion, Virginia -- to increase its investment in bank premises.
-Approved, December 7, 2020

Banks, Nonmember, and Miscellaneous Institutions

Minneapolis

F.S. Special Opportunities I, Minneapolis, Minnesota -- relief from certain commitments.
-Granted, December 11, 2020

Banks, State Member

Atlanta

BBVA USA, Birmingham, Alabama -- to make certain public welfare investments.
-Approved, December 11, 2020

San Francisco

Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
-Approved, December 10, 2020

Change in Bank Control

Dallas

BOC Bank, McLean, Texas -- change in bank control of BOC Bank.
-Withdrawn, December 9, 2020

Kansas City

The Peoples Bankshares Ltd., Pratt, Kansas -- change in bank control of The Peoples Bankshares Ltd., and its subsidiary, The Peoples Bank, Pratt.
-Permitted, December 11, 2020

Extensions of Time

Richmond

First Sentinel Bank, Richlands, Virginia -- extension to July 8, 2021, to establish a branch at 329 Ingleside Road, Princeton, West Virginia.
-Granted, December 8, 2020

Financial Holding Companies

St. Louis

Market Street Bancshares, Inc., Mount Vernon, Illinois -- election to become a financial holding company.
-Effective, December 9, 2020

Membership

St. Louis

First FSB of Mascoutah, Mascoutah, Illinois -- to become a member of the Federal Reserve System.
-Approved, December 9, 2020

Regulations and Policies

Chair

Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
-Approved, December 8, 2020

Director, MA

Regulation D (Reserve Requirements of Depository Institutions) -- annual indexing of the reserve requirement exemption amount, low reserve tranche, nonexempt deposit cutoff level, and reduced reporting limit for 2021.
-Approved, November 18, 2020
(A/C)