Actions under delegated authority PDF

Actions taken during the week ending February 1, 2025

Bank Branches, Domestic
Cleveland

The Twin Valley Bank, West Alexandria, Ohio -- to establish a branch at 38 North Broadway Street, Farmersville, Ohio.
Approved: January 30, 2025

St. Louis

FNB Oxford Bank, Oxford, Mississippi -- to establish a branch at 3416 West Main Street, Tupelo, Mississippi.
Approved: January 27, 2025

Bank Holding Companies
Boston

River Run Bancorp, MHC, Newburyport, Massachusetts -- to merge with Rollstone Bancorp, MHC, Fitchburg, Massachusetts, and thereby indirectly acquire Rollstone Bank & Trust.*
Withdrawn: January 24, 2025
*Addition

Dallas

F & M Bancshares, Inc., De Leon, Texas -- to acquire Newcastle Bancshares, Inc., and thereby indirectly acquire Farmers State Bank of Newcastle, both of Newcastle, Texas.
Approved: January 28, 2025

Change in Bank Control
Dallas

Relationship Financial Corporation, Kerrville, Texas -- the Charles J. Whelan, Jr. 2024 Trust (Trust), Cynthia Ann Whelan as trustee of Trust, both of Kerrville, Texas, to acquire voting shares of Relationship Financial Corporation (Company) and thereby indirectly acquire voting shares of Guadalupe Bank (Bank), Kerrville, Texas. In addition, Charles Joseph Whelan, Jr., Cynthia Ann Whelan, Kevin Joseph Whelan, and Adria Nicole Whelan, all of Kerrville, Texas, and Leslie Whelan White and Aaron James White, both of Austin, Texas, as a group acting in concert, to retain voting shares of the Company and thereby indirectly retain voting shares of the Bank.
Withdrawn: January 31, 2025

Kansas City

Whitcorp Financial Company, Leoti, Kansas -- the Clay G. Whitham Trust No. 4, Elizabeth Whitham and Brian G. Wurst, as trustees, all of Lamar, Colorado, and Travis Whitham, Denver, Colorado, as trust director; the Stewart Whitham Trust No. 4, Leoti, Kansas, Jane Whitham, Leoti, Kansas, and Brian G. Wurst as trustees, and Clay Whitham, Lamar, Colorado, as trust director; and the Whitham 2024 Descendants Trust, Barth Whitham as trustee, all of Morrison, Colorado; to become members of the Whitham Family Control Group, a group acting in concert, to acquire voting shares of Whitcorp Financial Company and thereby indirectly acquire voting shares of Western State Bank, Garden City, Kansas, and Frontier Bank, Lamar, Colorado. Brian G. Wurst, Clay Whitham, and Barth Whitham are members of the Witham Family Control Group and were each previously permitted by the Federal Reserve System to acquire control of voting shares of Whitcorp Financial Company.
Permitted: January 30, 2025

Minneapolis

Deerwood Bancshares, Inc., Baxter, Minnesota -- Victoria L. Holinka, Maple Grove, Minnesota, as independent trustee, and John R. Spalj, Scottsdale, Arizona, as family trustee, of the Nicole Spalj 2025 Exempt Trust, the Bianca Spalj 2025 Exempt Trust, and the Chauntel Spalj 2025 Exempt Trust, all of Scottsdale, Arizona; and John Ohlin, Baxter, Minnesota, as trustee of the Nicole Spalj Escrow Trust, the Bianca Spalj Escrow Trust, and the Chauntel Spalj Escrow Trust, all of Scottsdale, Arizona; to become members of the Spalj Family Control Group, a group acting in concert, to acquire voting shares of Deerwood Bancshares, Inc., and thereby indirectly acquire voting shares of Deerwood Bank, Waite Park, Minnesota. John R. Spalj was previously permitted by the Federal Reserve System to acquire voting shares of Deerwood Bancshares, Inc., and to join the Spalj Family Control Group.
Permitted: January 28, 2025

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Last Update: February 06, 2025