Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Actions under delegated authority PDF
Actions taken during the week ending September 6, 2025
Bank Branches, Domestic
Secretary
Centennial Bank, Conway, Arkansas -- to establish a branch at 401 West Rusk Street, Rockwall, Texas.
Approved: September 2, 2025
St. Louis
Monticello Banking Company, Monticello, Kentucky -- to establish a branch at 100 US Highway 676, Frankfort, Kentucky.
Approved: September 5, 2025
Bank Holding Companies
Atlanta
Seacoast Banking Corporation of Florida, Stuart, Florida -- waiver of application to merge with Villages Bancorporation, Inc., and thereby indirectly acquire Citizens First Bank, both of The Villages, Florida, in connection with the merger of Citizens First Bank with and into Seacoast National Bank, Stuart, Florida.
Granted: September 5, 2025
St. Louis
T & C Bancorp, Inc., Quincy, Illinois -- waiver of application to acquire Great River Bancshares, Quincy, Illinois, and The Hill-Dodge Banking Company, Warsaw, Illinois, in connection with the merger of The Hill-Dodge Banking Company with and into Town and Country Bank Midwest, Quincy, Illinois.
Granted: September 4, 2025
Bank Premises
Richmond
Benchmark Community Bank, Kenbridge, Virginia -- to increase its investment in bank premises.
Approved: September 2, 2025
St. Louis
Diamond Bank, Murfreesboro, Arkansas -- to increase its investment in bank premises.
Approved: September 2, 2025
Change in Bank Control
Minneapolis
Lake Elmo Bancshares, Inc., Lake Elmo, Minnesota -- the Family Trust under the Donald T. Raleigh Revocable Trust (co-trustees, Snowell Raleigh and Rebecca Billingsley) and the Marital Trust (LEB) under the Donald T. Raleigh Revocable Trust (co-trustees, Snowell Raleigh and Rebecca Billingsley), all of Lake Elmo, Minnesota, to join the Raleigh Family Control Group, a group acting in concert, to retain voting shares of Lake Elmo Bancshares, Inc., and thereby indirectly retain voting shares of Lake Elmo Bank, Lake Elmo, Minnesota.
Permitted: September 5, 2025
Financial Holding Companies
Dallas
NexBank Capital, Inc., and The SLHC Trust, both of Dallas, Texas -- election to become financial holding companies.
Effective: September 4, 2025
Membership
Kansas City
Oklahoma Heritage Bank, Roff, Oklahoma -- to become a member of the Federal Reserve System.
Approved: September 5, 2025