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 June 27, 2026
Bank Branches, Domestic
Chicago
The Northern Trust Company, Chicago, Illinois -- to establish a branch at 600 Superior Avenue East, Cleveland, Ohio.
Withdrawn: June 23, 2026
Secretary
First Bank, Southern Pines, North Carolina -- to establish a branch at 108 Gateway Boulevard, Mooresville, North Carolina.
Approved: June 26, 2026
St. Louis
Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 3574 Southern Creek Lane, Jonesboro, Arkansas.
Approved: June 22, 2026
Change in Bank Control
Kansas City
Bancwest, Inc., Thomas, Oklahoma -- Aaron P. Graft, Dallas, Texas, as trustee of the Tricia Graft Trust and the Graft Family Residuary Trust, both of Clinton, Oklahoma, to become a member of the Graft Family Group, a group acting in concert, to retain voting shares of Bancwest, Inc., and thereby retain voting shares of The Bank of the West, Thomas, Oklahoma.
Permitted: June 22, 2026
Minneapolis
First Holding Company of Cavalier, Inc., Cavalier, North Dakota -- Robert J. Mahar, Grand Forks, North Dakota, to join the Mahar Family Control Group, a group acting in concert, to retain voting shares of First Holding Company Cavalier, Inc., and thereby indirectly retain voting shares of United Valley Bank, Cavalier, North Dakota
Permitted: June 23, 2026
Richmond
BayFirst Financial Corp., Saint Petersburg, Florida -- Kenneth R. Lehman, Fort Lauderdale, Florida, to acquire voting shares of BayFirst Financial Corp. and thereby indirectly acquire voting shares of BayFirst National Bank, Saint Petersburg, Florida.
Permitted: June 26, 2026
San Francisco
DMG Bancshares, Inc., Irvine, California -- Nir Zuk, Los Altos Hills, California, to acquire voting shares of DMG Bancshares, Inc., and thereby indirectly acquire voting shares of Liberty Bank N.A., Irvine, California.
Permitted: June 23, 2026
Membership
St. Louis
Legacy National Bank, Springdale, Arkansas -- to become a member of the Federal Reserve System.
Approved: June 24, 2026
Paragon Bank, Memphis, Tennessee -- to become a member of the Federal Reserve System.
Approved: June 24, 2026
Supervision and Regulation
Director, S&R
Huntington Bancshares Incorporated, Columbus, Ohio -- to make certain capital distributions under the capital plan rule.
Approved: June 26, 2026