Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
District 10: Federal Reserve Bank of Kansas City PDF
Filings received during the week ending September 2, 2023
| Filer | Filing Type | Filing Proposal | End of Comment Period | |
|---|---|---|---|---|
| Newspaper | Federal Register | |||
| BANCFIRST | * Branch (Domestic) Premises | Bancfirst, Oklahoma City, Oklahoma to establish a branch at 3401 36th Avenue NW, Norman, Oklahoma, and to increase its investment in premises up to $3 million. | 09/08/2023 | Not applicable |
| BLUE SKY BANK | * Branch (Domestic) | Blue Sky Bank, Pawhuska, Oklahoma, to establish a branch at 3000 Montgomery Street, Suite 100, Fort Worth, Texas. | 09/15/2023 | Not applicable |
| FALCON BANCORPORATION, INC. | Change in Bank Control | Shawn Grubb, Weatherford, Oklahoma, and Kenneth Baker as co-trustees of the Derek Joseph Grubb 2012 Trust, and the Jordan Alyssa Grubb 2012 Trust, all of Clinton, Oklahoma; and the Washita Valley Trust, Clinton, Oklahoma, Kenneth Baker, trustee; to become members of the Shawn Grubb Family Control Group, a group acting in concert, to acquire voting shares of Falcon Bancorporation, Inc., and thereby indirectly acquire voting shares of First Bank and Trust of Memphis, both of Memphis, Texas. Shawn Grubb, co-trustee, has been previously approved by the Federal Reserve Board. | Not available | Not available |
| HYDRO BANCSHARES, INC. | Change in Bank Control | Derek Joseph Grubb 2012 Trust, Clinton, Oklahoma, Shawn Grubb, Weatherford, Oklahoma, and Kenneth Baker, Clinton, Oklahoma as co-trustees; Jordan Alyssa Grubb 2012 Trust, Clinton, Oklahoma, Shawn Grubb and Kenneth Baker co-trustees; and Washita Valley Trust, Clinton, Oklahoma, Kenneth Baker trustee; to become members of the Shawn Grubb Family Control Group, a group acting in concert, to acquire voting shares of Hydro Bancshares, Inc., and thereby indirectly acquire voting shares of Bank of Hydro, both of Hydro, Oklahoma. Shawn Grubb, co-trustee, has been previously approved by the Federal Reserve Board. | Not available | 09/14/2023 |
| MIDLAND FINANCIAL CO. | Change in Control | Anat Bird, Scottsdale, Arizona; to become co-trustee of the G. Jeffrey Records, Jr. 2003 Family Trust, G. Jeffrey Records, Jr. 2004 Family Trust (KRR), G. Jeffrey Records, Jr. 2004 Family Trust (MER), G. Jeffrey Records, Jr. 2008 GST Exempt Family Trust, 2012 Dorchester Trust, and G. Jeffrey Records, Jr. 2020 Family Trust, and thereby indirectly acquire control of voting shares of Midland Financial Co. and Midfirst Bank, all of Oklahoma City, Oklahoma. | Not available | 09/21/2023 |
| MIDLAND FINANCIAL CO. | Change in Control | Todd A. Dobson, Oklahoma City, Oklahoma; to become trustee or co-trustee of the Kathryn R. Ryan 2012 Family Trust, Kathryn R. Ryan 2020 Family Trust, and Martha E. Records 2020 Family Trust, and thereby indirectly acquire control of voting shares of Midland Financial Co. and Midfirst Bank, all of Oklahoma City, Oklahoma. | Not available | 09/21/2023 |
| MIDLAND FINANCIAL CO. | Change in Control | Raymond Kido, Paradise Valley, Arizona; to become a co-trustee of the G. Jeffrey Records, Jr. 2003 Family Trust, G. Jeffrey Records, Jr. 2004 Family Trust (KRR), G. Jeffrey Records, Jr. 2004 Family Trust (MER), G. Jeffrey Records, Jr. 2008 GST Exempt Family Trust, and 2012 Dorchester Trust, and thereby indirectly acquire control of voting shares of Midland Financial Co. and Midfirst Bank, all of Oklahoma City, Oklahoma. | Not available | 09/21/2023 |
| MIDLAND FINANCIAL CO. | Change in Control | Kathryn R. Ryan, Cherry Hills Village, Colorado; and Martha E. Records, Denver, Colorado; to become co-trustees of the George J. and Nancy J. Records 1990 Irrevocable Trust, and thereby indirectly acquire control of voting shares of Midland Financial Co. and Midfirst Bank, all of Oklahoma City, Oklahoma. | Not available | 09/21/2023 |
| PLAINS BANCSHARES, INC. | Change in Bank Control | David Clawson, Plains, Kansas, individually, and as co-trustee of the LAC Clawson Irrevocable Trust, the TD Clawson Irrevocable Trust, and MBCW Irrevocable Trust, all of Plains, Kansas, to retain shares of Plains Bancshares, Inc., Plains, Kansas and thereby indirectly retain shares of Bank of the Plains, Plains, Kansas (formerly known as The Plains State Bank). Additionally, the TD Clawson Irrevocable Trust, David and Daniel Clawson, as co-trustees, of Plains, Kansas, and Selah Farms LLC and Skybound Farms LLC, both of Meade, Kansas, to retain voting shares of Plains Bancshares and to join the Clawson Family Group, a group acting in concert. David Clawson was previously approved as a member of the Clawson Family Control Group. | Not available | 09/05/2023 |
| ROCKY FINANCIAL CORPORATION | Change in Bank Control | Shawn Grubb, Weatherford, Oklahoma, and Kenneth Baker as co-trustees of the Derek Joseph Grubb 2012 Trust, and the Jordan Alyssa Grubb 2012 Trust, all of Clinton, Oklahoma; and the Washita Valley Trust, Clinton, Oklahoma, Kenneth Baker, trustee; to become members of the Shawn Grubb Family Control Group, a group acting in concert, to acquire voting shares of Rocky Financial Corporation, and thereby indirectly acquire voting shares of Bank 360, both of Cordell, Oklahoma. Shawn Grubb, co-trustee, has been previously approved by the Federal Reserve Board. | Not available | Not available |
| SOVEREIGN BANK | * 3A1 | Sovereign Bancorp, Inc., Shawnee, Oklahoma (in formation), to become a bank holding company through the acquisition of Sovereign Bank, Shawnee, Oklahoma. | Not applicable | Not applicable |
* Subject to the provisions of the Community Reinvestment Act
Availability of CRA Public Evaluations
The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.
The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.
A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.
Federal bank regulators use the following performance levels to rate an institution's performance under CRA:
O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance
The following state member banks have been examined and their CRA public evaluations are now available.
| Institution / Location | RSSD ID | Exam Date | CRA Public Date | CRA Rating | Exam Method |
|---|---|---|---|---|---|
| FIRST OPTION BK, OSAWATOMIE, KANSAS | 285852 | 06/16/2023 | 03/06/2023 | S | Int Small Bank |
| FIVE POINTS BK, GRAND ISLAND, NEBRASKA | 554857 | 06/10/2023 | 03/13/2023 | O | Int Small Bank |
| UNITED B&TC, MARYSVILLE, KANSAS | 990352 | 01/23/2023 | 10/24/2022 | S | Int Small Bank |
CRA Examinations scheduled for Quarter of
| Institution | Location | Quarter |
|---|---|---|
| NONE | ||
Last Update: September 07, 2023