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 12, 2026
Bank Branches, Domestic
Atlanta
M C Bank & Trust Company, Morgan City, Louisiana -- to establish a branch at 3860 West Northwest Highway, Dallas, Texas.
Approved: September 10, 2026
Boston
Needham Bank, Needham, Massachusetts -- to establish a branch at 107 General McConville Way, Quincy, Massachusetts.
Approved: September 10, 2026
Richmond
Atlantic Union Bank, Richmond, Virginia -- to establish a branch at 7541 Creedmoor Road, Raleigh, North Carolina.
Approved: September 9, 2026
St. Louis
First Choice Bank, Pontotoc, Mississippi -- to establish a branch at 1598 Grand Oaks Boulevard, Oxford, Mississippi.
Approved: September 8, 2026
First Choice Bank, Pontotoc, Mississippi -- to establish a branch at 501 Park Plaza Drive, New Albany, Mississippi.
Approved: September 8, 2026
Bank Holding Companies
San Francisco
Front Street Financial, Inc., Caliente, Nevada -- to become a bank holding company by acquiring Nevada Bank and Trust Company, Caliente, Nevada.*
Withdrawn: September 4, 2026
*Addition
Bank Premises
St. Louis
Bank of Cave City, Cave City, Arkansas -- to increase its investment in bank premises.
Approved: September 11, 2026
Diamond Bank, Murfreesboro, Arkansas -- to increase its investment in bank premises.
Approved: September 11, 2026
Change in Bank Control
Atlanta
Macon Banctrust, Inc., Lafayette, Tennessee -- Hugh Wayne Clark, Red Boiling Springs, Tennessee; Hugh Clark, Brandon Clark, Emily Hagan, Kyra Gregory, Mali Clark, Avery Hagan, Colter Hagan, and certain minor children, all of Lafayette, Tennessee, as a group acting in concert, to retain voting shares of Macon Banctrust, Inc., and thereby indirectly retain voting shares of Macon Bank and Trust Company, Lafayette, Tennessee.
Permitted: September 11, 2026
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: September 8, 2026
Supervision and Regulation
Director, S&R
Citizens Financial Group, Inc., Providence, Rhode Island -- to make certain capital distributions under the capital plan rule.
Approved: September 11, 2026
Santander Holdings USA, Inc., Boston, Massachusetts -- to make certain capital distributions under the capital plan rule.
Approved: September 11, 2026
General Counsel
Barclays US LLC, New York, New York -- application for approval of proposed internal debt conversion trigger that would allow the Board to order the conversion of the eligible long-term debt of Barclays US LLC into common equity tier 1 capital, in accordance with Regulation YY.*
Approved: September 3, 2026
*Addition