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 July 11, 2026
Bank Branches, Domestic
Atlanta
M C Bank & Trust Company, Morgan City, Louisiana -- to establish a branch at 1200 Camellia Boulevard, Lafayette, Louisiana.
Approved: July 9, 2026
Chicago
1st Source Bank, South Bend, Indiana -- to establish a branch at 1215 Potter Drive, West Lafayette, Indiana.
Approved: July 7, 2026
Bank Holding Companies
Atlanta
Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Flowood, Mississippi -- to acquire additional voting shares of Community Bancshares of Mississippi, Inc., and thereby indirectly acquire voting shares of Community Bank of Mississippi, both of Flowood, Mississippi.
Approved: July 10, 2026
Chicago
Hometown Community Bancorp, Inc., and Hometown Community Bancorp, Inc. Employee Stock Ownership Plan and Trust, both of Morton, Illinois -- to acquire First Bank of Manhattan, Manhattan, Illinois.
Approved: July 9, 2026
Dallas
Bastrop Bancshares, Inc., Bastrop, Texas -- waiver of filing requirement under section 3 of the Bank Holding Company Act to acquire by merger Columbus Bancorp, Inc., and thereby indirectly acquire its subsidiary state nonmember bank, The First State Bank (FSB), both of Columbus, Texas, in connection with the merger of FSB with and into The First National Bank of Bastrop, Bastrop, Texas.*
Granted: July 2, 2026
*Addition
Frontier Community Bancshares, Inc., Elgin, Texas -- to engage de novo in buying and selling bullion, and related activities, pursuant to section 225.28(b)(8)(iii) of the Board's Regulation Y.
Approved: July 8, 2026
Kansas City
C.S.B. Co., Cozad, Nebraska -- waiver of filing requirement under section 3 of the Bank Holding Company Act to acquire and merge with First State Bancorp, Inc., and thereby indirectly acquire its subsidiary state nonmember bank, First State Bank, both of Randolph, Nebraska, in connection with the merger of First State Bank with and into Homestead Bank, Cozad, Nebraska.*
Granted: June 29, 2026
*Addition
San Francisco
Adyen N.V., Amsterdam, The Netherlands -- through its wholly owned subsidiary, Adyen International B.V., Amsterdam, The Netherlands, to acquire Orb, Inc., San Francisco, California, and thereby indirectly engage in certain data processing activities, pursuant to section 225.28(b)(14)(i) of Regulation Y.*
Approved: June 26, 2026
*Addition
Banks, Foreign
San Francisco
CTBC Bank Co., Ltd., Taipei, Taiwan -- to establish a branch in Los Angeles, California.*
Approved: July 2, 2026
*Addition
Banks, State Member
Chicago
Ally Bank, Sandy, Utah -- to make a public welfare investment (two requests).*
Approved: July 2, 2026
*Addition
San Francisco
Banc of California, Los Angeles, California -- to make a public welfare investment.*
Withdrawn: July 2, 2026
*Addition
East West Bank, Pasadena, California -- to make a public welfare investment.*
Approved: July 2, 2026
*Addition
Change in Bank Control
Chicago
Premier Holdings, Ltd., Rock Valley, Iowa -- Gregory Westra, Rock Valley, Iowa, to retain voting shares of Premier Holdings, Ltd., and thereby indirectly retain voting shares of Premier Bank, both of Rock Valley, Iowa; and together with Matthew Westra, Rock Valley, Iowa; Katie Vander Zwaag, Hudson, South Dakota; and Scott Westra, Milford, Iowa, to join the Westra Family Control Group, a group acting in concert, to acquire voting shares of Premier Holdings, Ltd.
Permitted: July 9, 2026
Cleveland
First Niles Financial, Inc., Niles, Ohio -- Lance F. Osborne, individually, as trustee of the Osborne Capital Group Pension, and as trustee of the Osborne Capital Corp. 401K Plan, Osborne Capital Partners II, LLC, and Brian Osborne, as trustee of the L.F. Osborne Irrevocable Family Trust, all of Mentor, Ohio, to join the Osborne Capital Corp, a group acting in concert, to acquire voting shares of First Niles Financial, Inc., and thereby indirectly acquire voting shares of Home Federal Savings and Loan Association of Niles Ohio, Niles, Ohio.
Permitted: July 7, 2026
Secretary
Magnolia Banking Corporation, Magnolia, Arkansas -- BAMB Limited Partnership, LLLP, Magnolia, Arkansas, with the Nina Marie "Molly" Harsh Burns Revocable Trust and the Robert L. Burns Revocable Trust, both of Magnolia, Arkansas, with Molly Harsh Burns as trustee of both general partner trusts, as well as with limited partner Bob and Molly Burns Family Irrevocable Trust, Magnolia, Arkansas, with co-trustees Mary Elizabeth Burns Anderson of Scott, Arkansas; Rebecca Burns Gosnell of Magnolia, Arkansas; and Robert S. Burns of Hope, Arkansas (together, Notificants). Notificants propose to join the Harsh Family Control Group, a group acting in concert, to retain voting shares of Magnolia Banking Corporation and thereby indirectly retain control of Farmers Bank & Trust Company, Magnolia, Arkansas.*
Permitted: July 1, 2026
*Addition
Regulations and Policies
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in response to COVID-19.
Approved: July 10, 2026
Secretary
Civil Money Penalties (CMP) -- notice that the Board's CMP amounts will not increase for 2026.
Approved: July 8, 2026