Board of Governors of the Federal Reserve System

Builtwell Bancorp, Inc., Chattanooga, Tennessee -- to merge with Bradley County Financial Corp. and thereby indirectly acquire Bank of Cleveland, both of Cleveland, Tennessee.
Approved: January 23, 2025

Backlund Investment Co. Employee Stock Ownership Plan, Peoria Heights, Illinois -- (1) to become a bank holding company by acquiring Backlund Investment Co., Peoria Heights, Illinois, and thereby indirectly acquire Better Banks, Peoria, Illinois, and State Street Bank and Trust Company, Quincy, Illinois, and (2) election to become a financial holding company.
Approved: January 24, 2025

Foresight Financial Group, Inc., Winnebago, Illinois -- waiver of application in connection with the merger of its subsidiary banks.
Granted: January 22, 2025

JSA Family Limited Partnership and Jane Austin Chapman Limited Partnership, L.P., both of Jacksonville, Texas; Jane Austin Chapman Management Company, L.C., Frankston, Texas; and Austin Bancorp, Inc., Jacksonville, Texas (collectively, the acquirers) -- waiver of application in connection with the merger of The Chasewood Bank, Houston, Texas, with and into the acquirers' subsidiary bank, Austin Bank, Texas National Association, Jacksonville, Texas.
Granted: January 22, 2025

Independent Bank, Grand Rapids, Michigan -- to make a public welfare investment.*
Approved: January 16, 2025
*Addition

Westamerica Bank, San Rafael, California -- to make a public welfare investment.*
Approved: January 16, 2025
*Addition

Backlund Investment Co., Peoria Heights, Illinois -- the Consolidated Amendment and Restatement of the Backlund Better Bank Revocable Living Trust and the B.F. Backlund Revocable Trust, the Backlund Family Trust, the Steve E. Backlund Restated Revocable Trust Agreement, Steve E. Backlund, as trustee, all of Peoria Heights, Illinois; the Backlund Investment Co. Employee Stock Ownership Plan and Trust, Steve E. Backlund, Tera R. Backlund, James P. Ghiglieri, III, Melissa L. May, Robert D. Mowrer, Jr., Timothy H. Peterson, and H. Scott Smith, as co-trustees, all of Peoria Heights, Illinois; Robert D. Mowrer, Jr., Aledo, Texas; Michael E. Peterson and Helene M. Peterson, both of Peoria, Illinois; and Timothy H. Peterson, Dunlap, Illinois; as a group acting in concert, to retain voting shares of Backlund Investment Co. and thereby indirectly retain voting shares of Better Banks, Peoria, Illinois, and State Street Bank and Trust Company, Quincy, Illinois.
Permitted: January 24, 2025

Sturm Financial Group, Inc., Denver, Colorado -- the DLS SFG Marital Trust UTA The Donald L. Sturm Trust dated 4-22-1994, as amended, and The Donald L. Sturm SFG Trust UTA The Donald L. Sturm Trust dated 4-22-1994, as amended, Susan M. Sturm, Stephen F. Sturm, and Emily S. Ehrens as co-trustees of both trusts, all of Denver, Colorado; to join the Sturm Family Control Group, a group acting in concert, to retain voting shares of Sturm Financial Group, Inc., and thereby indirectly retain voting shares of ANB Bank, Denver, Colorado. Susan M. Sturm, Stephen F. Sturm, and Emily S. Ehrens, all individually, were previously permitted by the Reserve Bank to become members of the Sturm Family Control Group.
Permitted: January 24, 2025

Milco Bancorporation, Inc., Iberia, Missouri -- the Richard and Beth Wright Trust, Richard Wright and Beth Wright as trustees, all of Iberia, Missouri, to join a group acting in concert, to retain voting shares of Milco Bancorporation, Inc., and thereby indirectly retain voting shares of Bank of Iberia, Iberia, Missouri.
Permitted: January 23, 2025

Warren Bank and Trust Company, Warren, Arkansas -- Thomas Marion Frazer, Warren, Arkansas, to acquire additional voting shares of Warren Bank and Trust Company.
Permitted: January 21, 2025