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 November 7, 2026
Bank Branches, Domestic
Cleveland
PBT Bancorp, Hazard, Kentucky -- to establish a branch at 724 West Main Street, Richmond, Kentucky.
Withdrawn: November 6, 2026
PBT Bancorp, Hazard, Kentucky -- to establish a branch at 1001 Gibson Bay Drive, Richmond, Kentucky.
Withdrawn: November 6, 2026
Dallas
PointBank, Pilot Point, Texas -- to establish a branch at 49 Arta Drive, Westlake, Texas.
Approved: November 6, 2026
Minneapolis
First State Bank Southwest, Pipestone, Minnesota -- to establish a branch at 224 North Cliff Avenue, Harrisburg, South Dakota.
Withdrawn: November 3, 2026
Richmond
United Community Bank, Greenville, South Carolina -- to establish a branch at 1950 Northwest 87th Avenue, Doral, Florida.
Approved: November 6, 2026
Bank Holding Companies
Atlanta
Ocean Bankshares, Inc., and Ocean Bank, both of Miami, Florida -- limited relief from certain commitments entered into by Mercedes Coromoto de Abreu on behalf of herself and immediate family members.*
Granted: October 19, 2026
*Addition
Ocean Bankshares, Inc., and Ocean Bank, both of Miami, Florida -- limited relief from certain commitments entered into by Adriana Macedo Moncayo on behalf of herself and immediate family members.*
Granted: October 19, 2026
*Addition
Kansas City
First State Fremont, Inc., Fremont, Nebraska -- termination of certain commitments.
Granted: November 6, 2026
Minneapolis
Versa Bancorp, Minneapolis, Minnesota -- (1) to become a bank holding company by acquiring VersaHoldings US Corp. (VersaHoldings), London, Canada, and thereby indirectly acquiring VersaBank USA National Association (VersaBank USA), Holdingford, Minnesota; (2) through the acquisition of VersaFinance US Corp., London, Canada, and DRT Cyber Inc., Washington, D.C., to engage in extending credit and servicing loans and data processing pursuant to sections 225.28(b)(1) and 225.28(b)(14) of the Board's Regulation Y, respectively; and (3) for GBH Inc., Breslau, Canada, to acquire voting shares of Versa Bancorp and thereby indirectly retain voting shares of VersaHoldings and VersaBank USA.*
Approved: October 26, 2026
*Addition
New York
Valley National Bancorp, New York, New York -- waiver of filing requirement under section 3 of the Bank Holding Company Act to merge with Providence Financial Corporation and thereby indirectly acquire its wholly owned subsidiary, Providence Bank and Trust, both of South Holland, Illinois, in connection with the merger of Providence Bank and Trust with and into Valley National Bank, Passaic, New Jersey.
Granted: November 2, 2026
Richmond
CoastalSouth Bancshares, Inc., Atlanta, Georgia -- request by GCP Capital Partner Holdings, Inc., et al., for relief from certain commitments.
Granted: November 3, 2026
Bank Mergers
Kansas City
Bank7, Oklahoma City, Oklahoma -- to merge with Century Bank, Santa Fe, New Mexico, and thereby establish branches in New Mexico.
Approved: November 4, 2026
Extensions of Time
Secretary
A.N.B. Holding Company, Ltd., Terrell, Texas -- extension of time to acquire additional voting shares of The ANB Corporation, which controls The American National Bank of Texas, both of Terrell, Texas.
Granted: November 5, 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: November 5, 2026
Secretary
Regulation I (Issue and Cancellation of Federal Reserve Bank Capital Stock) -- final rule to apply an inflation adjustment to the asset threshold at which banks are subject to different dividend rates for their Federal Reserve Bank capital stock.
Approved: November 5, 2026