Board of Governors of the Federal Reserve System

PBT Bancorp, Hazard, Kentucky -- to establish a branch at 1220 Richmond Road, Irvine, Kentucky.
Approved: November 19, 2025

Frost Bank, San Antonio, Texas -- to establish a branch at 11680A Research Boulevard, Austin, Texas.
Approved: November 20, 2025

Adams Bank & Trust, Ogallala, Nebraska -- to establish a branch at 1270 Automation Drive, Windsor, Colorado.
Approved: November 20, 2025

Western Alliance Bank, Phoenix, Arizona -- to establish a branch at 201 Montgomery Street, San Francisco, California.
Approved: November 21, 2025

Texas Traditions Bancshares, Inc., Katy, Texas -- to become a bank holding company by acquiring Texas Traditions Bank, Katy, Texas.
Approved: November 20, 2025

Busey Bank, Champaign, Illinois -- to make a public welfare investment (two requests).
Approved: November 18, 2025

Busey Bank, Champaign, Illinois -- to make to a public welfare investment.
Approved: November 17, 2025

Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: November 21, 2025

Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: November 18, 2025

Central Pacific Bank, Honolulu, Hawaii -- to make a public welfare investment.
Approved: November 21, 2025

The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment (six requests).
Approved: November 20, 2025

Saint Joseph Bancshares Acquisitions, Inc., Saint Joseph, Minnesota -- Nancy Ferche, individually, and as trustee of the Robert Ferche Revocable Trust, as amended (the Ferche Trust), and Marital Trust governed by the Ferche Trust agreement, all of St. Stephen, Minnesota, to acquire voting shares of St. Joseph Bancshares Acquisitions, Inc. (Company), and thereby indirectly acquire voting shares of Sentry Bank, Saint Joseph, Minnesota, and Sherburne State Bank, Becker, Minnesota (the Banks). Additionally, Kimberly M. Juelke Revocable Trust, Kimberly Juelke as trustee, both of Little Falls, Minnesota; Jason R. Ferche 2006 Revocable Trust, as amended, Jason Ferche as trustee, both of Rice, Minnesota; Tamara L. Layne Revocable Trust, Tamara O'Hara as trustee (formerly known as Tamara L. Layne), both of Sartell, Minnesota; and Cheryl A. Lumley Revocable Trust, as amended, with Cheryl Ferche as trustee (formerly known as Cheryl A. Lumley), both of Sartell, Minnesota, to join the Ferche Family Control Group, a group acting on concert, to acquire voting shares of Company and thereby indirectly acquire voting shares of the Banks.
Permitted: November 17, 2025

Independence Bancshares, Inc., Owensboro, Kentucky -- Tracy K. Reid, Prospect, Kentucky; Kevin L. Reid and Tammy Reid, both of St. Augustine, Florida; Albert R. Reid and Dorothy Reid, both of Owensboro, Kentucky; Joshua Searcy, Tony L. Searcy, and Cynthia B. Searcy, all of Calhoun, Kentucky; and Cathy R. Switzer as power of attorney for Marjorie A. Reid, and proxy for the Marjorie A. Reid Living Trust and the Charles A. Reid Family Trust, all of Lexington, Kentucky, to join the Reid Family Control Group, a group acting in concert, to retain voting shares of Independence Bancshares, Inc., and thereby indirectly retain control of Independence Bank of Kentucky, Owensboro, Kentucky.
Permitted: November 19, 2025

Stress Tests -- extension of the comment period, until February 21, 2026, on the proposal to improve stress test model and scenario transparency and accountability.
Granted: November 19, 2025

FirstBank, Nashville, Tennessee -- to become a member of the Federal Reserve System.
Approved: November 18, 2025

MapleMark Bank, Dallas, Texas -- to become a member of the Federal Reserve System.
Approved: November 21, 2025

Regulation D (Reserve Requirements of Depository Institutions) -- annual indexing of reserve requirement exemption amount and low reserve tranche for 2026.
Approved: November 19, 2025