Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

Actions under delegated authority

Actions taken during the week ending March 17, 2018


Bank Branches, Domestic

Richmond
Benchmark Community Bank, Kenbridge, Virginia -- to establish a branch at 316 W. Atlantic Street, Emporia.
-Approved, March 13, 2018

Richmond
First Sentinel Bank, Richlands, Virginia -- to establish a branch at 427 Main Street, Bland.
-Approved, March 15, 2018

Secretary
IBERIABANK, Lafayette, Louisiana -- to establish a branch at 301 Harrison Avenue, New Orleans.
-Approved, March 14, 2018

Atlanta
SunTrust Bank, Atlanta, Georgia -- to establish branches at 2958 Aventura Boulevard, Aventura, Florida; 750 Kristine Way, The Villages; and 15700 SW 56th Street, Miami.
-Approved, March 14, 2018

Bank Holding Companies

General Counsel
2011 TCRT; Ford Financial Fund II, L.P.; GJF Financial Management II, L.L.C.; EB Acquisition Company, LLC; et al., Dallas, Texas; and Mechanics Bank, Walnut Creek, California -- waiver of application to acquire Learner Financial Corporation, Walnut Creek, California, and Scott Valley Bank, Yreka, in connection with Scott Valley Bank's merger with and into Mechanics Bank.
-Granted, March 15, 2018

New York
CLS Group Holdings AG, Lucerne, Switzerland -- to indirectly engage de novo in data processing activities.
-Approved, March 15, 2018

General Counsel
First Federal Bancorp MHC, Lake City, Florida, and First Federal Bancorp, Inc. -- waiver of application to acquire Coastal Banking Company, Inc., Beaufort, South Carolina, and CBC National Bank, Fernandina Beach, Florida, in connection with CBC National Bank's merger with and into First Federal Bank of Florida, Lake City.
-Granted, March 7, 2018
(A/C)

General Counsel
First Merchants Corporation, Muncie, Indiana -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
-Granted, March 7, 2018
(A/C)

St. Louis
Grok Bancshares, Inc., St. Louis, Missouri -- to become a bank holding company by acquiring Clifford Bancshares, Inc., Troy, and thereby indirectly acquiring CBC Bank, Bowling Green.
-Approved, March 15, 2018

Atlanta
Heritage First Bancshares, Inc., Rome, Georgia -- to become a bank holding company by acquiring Heritage First Bank, Rome.
-Approved, March 16, 2018

St. Louis
MRV Financial Corp, Sainte Genevieve, Missouri -- to acquire shares of Grok Bancshares, Inc., St. Louis, and thereby indirectly acquire CBC Bank, Bowling Green.
-Approved, March 15, 2018

General Counsel
SmartFinancial, Inc., Knoxville, Tennessee -- waiver of application to acquire Tennessee Bancshares, Inc., Tullahoma, and Southern Community Bank, in connection with Southern Community Bank's merger with and into SmartBank, Pigeon Forge.
-Granted, March 12, 2018

Bank Mergers

Atlanta
SmartBank, Pigeon Forge, Tennessee -- to merge with Southern Community Bank, Tullahoma.
-Approved, March 16, 2018

Banks, State Member

Dallas
Comerica Bank, Dallas, Texas -- to make certain community development and public welfare investments (two requests).
-Approved, March 15, 2018

Change in Bank Control

Kansas City
American Bancorporation, Inc., Sapulpa, Oklahoma -- change in bank control of American Bancorporation, Inc., and its subsidiary, American Heritage Bank, Sapulpa.
-Permitted, March 16, 2018

Atlanta
Community First Bancshares, Inc., New Iberia, Louisiana -- to retain control of Community First Bancshares, Inc., and its subsidiary, Community First Bank, New Iberia.
-Permitted, March 14, 2018

Kansas City
Tri Valley Bancshares, Inc., Talmage, Nebraska -- to retain control of Tri Valley Bancshares, Inc., and its subsidiary, Tri Valley Bank, Talmage.
-Permitted, March 15, 2018

Membership

San Francisco
South County Bank, National Association, Rancho Santa Margarita, California -- to retain membership in the Federal Reserve System on conversion to a state-chartered bank, CalWest Bank.
-Approved, March 14, 2018

Savings and Loan Holding Companies

General Counsel
State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- request for an exemption to permit an individual to become an institution-affiliated party.
-Granted, March 12, 2018

General Counsel
United Services Automobile Association, San Antonio, Texas -- request for an exemption to permit an individual to become an institution-affiliated party.
-Granted, March 6, 2018
(A/C)

Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco