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 August 15, 2026
Bank Branches, Domestic
Atlanta
Regions Bank, Birmingham, Alabama -- to establish a mobile branch in Tuscaloosa, Alabama.
Approved: August 13, 2026
Chicago
Cedar Rapids Bank and Trust Company, Cedar Rapids, Iowa -- to establish a branch at 4061 Mount Vernon Road SE, Cedar Rapids, Iowa.*
Approved: August 7, 2026
*Addition
Minneapolis
The State Savings Bank of Manistique, Manistique, Michigan -- to establish a branch at 6488 State Street, Garden, Michigan.
Approved: August 12, 2026
St. Louis
Renasant Bank, Tupelo, Mississippi -- to establish a branch at 201 South Access Road, Fulton, Mississippi.
Approved: August 14, 2026
Bank Holding Companies
Boston
Narragansett Bancorp, Inc. (a newly formed Maryland corporation), Swansea, Massachusetts -- to become a bank holding company by acquiring BayCoast Bank, Swansea, Massachusetts, and for Narragansett Financial Corporation (the existing mutual holding company of BayCoast Bank), Swansea, Massachusetts, to acquire Narragansett Bancorp, Inc.
Approved: August 11, 2026
Kansas City
Sovereign Bancorp, Inc., Shawnee, Oklahoma -- to acquire Leader First Bancorp, Inc., and thereby indirectly acquire The First National Bank in Marlow, both of Marlow, Oklahoma, and for Sovereign Bank, Shawnee, Oklahoma, to merge with The First National Bank in Marlow and thereby establish branches in Marlow, Comanche, and Rush Springs, Oklahoma.
Approved: August 13, 2026
New York
Community Bancorp MHC, Kingston, New York -- to become a bank holding company by acquiring Ulster Savings Bank, Kingston, New York, in connection with the reorganization of Ulster Savings Bank into a mutual bank holding company form.
Approved: August 14, 2026
Change in Bank Control
Chicago
Hometown Community Bancorp, Inc., Morton, Illinois -- the Honegger 2012 Irrevocable Trust Agreement FBO Andrew A. Honegger, Andrew Honegger, trustee, both of Morton, Illinois; the Honegger 2025 Irrevocable Trust Agreement FBO Andrew A. Honegger, Andrew A. Honegger, trustee; Andrew Honegger; Cynthia Honegger, Morton, Illinois; Sarah Honegger, Morton, Illinois; Katherine Honegger, Morton, Illinois; Jean Ann Honegger, Morton, Illinois; the Honegger 2012 Irrevocable Trust Agreement FBO Molly M. Honegger, Molly M. Honegger, trustee, both of Oakland, California; the Honegger 2025 Irrevocable Trust Agreement FBO Molly M. Honegger, Molly M. Honegger, trustee; Molly M. Honegger; Stephen Hesseltine, Oakland, California; Sienna Hesseltine, Oakland, California; and Sophia Hesseltine, Oakland, California, and together with the Hometown Community Bancorp, Inc. Employee Stock Ownership Plan and Trust, Andrew A. Honegger, trustee, as a group acting in concert, to retain voting shares Hometown Community Bancorp, Inc,. and thereby retain voting shares of Morton Community Bank, Morton, Illinois.
Permitted: August 12, 2026
St. Louis
Purdy Bancshares, Inc., Monett, Missouri -- John H. Garrett, individually and as trustee of each of the Filip J. Garrett Bank Trust uad March 20, 2024, Sara E. Garrett Bank Trust uad March 20, 2024, John H. Garrett Bank Trust uad March 20, 2024, and Ida M. Garrett Bank Trust uad March 20, 2024, all of Southport, North Carolina; Jeffrey S. Scott, individually and as trustee of each of the Hayden Scott Trust created under the Sharon K. Garrett Revocable Trust dated November 1, 2000, as amended, and the Avery Scott Trust created under the Sharon K. Garrett Revocable Trust dated November 1, 2000, as amended; Tyler Scott, Shelby McCaffrey, and Richard W. Scott, all of Purdy, Missouri; Sara E. Garrett, Ida M. Garrett, and Filip J. Garrett, all of Springfield, Missouri, as a group acting in concert, to acquire voting shares of Purdy Bancshares, Inc., and thereby indirectly acquire voting shares of First State Bank of the Ozarks, Purdy, Missouri.
Permitted: August 11, 2026
Membership
Atlanta
International Finance Bank, Miami, Florida -- to become a member of the Federal Reserve System.
Approved: August 13, 2026