Public Information Documents

Actions taken by the Federal Reserve Bank of San Francisco under delegated authority

Bank Branches, Domestic
Western Alliance Bank, Phoenix, Arizona -- to establish a branch at 201 Montgomery Street, San Francisco, California.
- Approved, November 21, 2025
Commonwealth Business Bank, Los Angeles, California -- to establish a branch at 919 Keeaumoku Street, Honolulu, Hawaii.
- Approved, November 14, 2025
Commonwealth Business Bank, Los Angeles, California -- to establish a branch at 156-44D Northern Boulevard, Flushing, New York.
- Approved, October 20, 2025
United Security Bank, Fresno, California -- to establish a branch at 7010 North Palm Avenue, Fresno, California.
- Approved, May 16, 2025
Bank of Hawaii, Honolulu, Hawaii -- to establish a branch at 134 Chalan San Antonio, Tamuning, Guam.
- Approved, March 28, 2025
Bank Holding Companies
WaFd, Inc., Seattle, Washington -- to engage de novo in trust company functions, financial and investment advisory activities, securities brokerage, and private placement services through a proposed new majority-owned subsidiary, pursuant to section 225.28(b)(5), all subsections of section 225.28(b)(6), section 225.28(b)(7)(i), and section 225.28(b)(7)(iii) of the Board's Regulation Y.
- Approved, May 13, 2025
Redemption Holding Company, Salt Lake City, Utah -- to become a bank holding company by acquiring Holladay Bank and Trust, Holladay, Utah.
- Approved, April 29, 2025
Plumas Bancorp, Reno, Nevada -- waiver of application to acquire Cornerstone Community Bancorp, Red Bluff, California, in connection with the merger of Cornerstone Community Bank, Red Bluff, California, with and into Plumas Bank, Quincy, California.
- Granted, April 1, 2025
Bank Mergers
Plumas Bank, Quincy, California -- to merge with Cornerstone Community Bank, Red Bluff, California, and thereby establish branches at the locations of Cornerstone Community Bank's main office and branches.
- Approved, April 1, 2025
Change In Bank Control
Pacific West Bancorp, West Linn, Oregon -- Michael Harland Giles, Vancouver, Washington, to acquire voting shares of Pacific West Bancorp and thereby indirectly acquire voting shares of Pacific West Bank, West Linn, Oregon.
- Permitted, September 24, 2025
Twin City Bancorp, Inc., Longview, Washington -- Darragh Buckley, Bend, Oregon, to acquire voting shares of Twin City Bancorp, Inc., and thereby indirectly acquire voting shares of Twin City Bank, Longview, Washington.
- Permitted, June 13, 2025
Hawaiian Electric Industries, Inc., Honolulu, Hawaii -- The Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., "Vanguard"), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard (together, the "Vanguard funds"), for the Vanguard funds to acquire additional voting shares of Hawaiian Electric Industries, Inc., and thereby indirectly acquire voting shares of American Savings Bank, F.S.B., Honolulu, Hawaii.
- Withdrawn, April 11, 2025
Liberty Northwest Bancorp, Inc., Poulsbo, Washington -- Charles Diesing, Graham, Washington, to acquire additional voting shares of Liberty Northwest Bancorp, Inc., and thereby indirectly acquire additional voting shares of Liberty Bank, Poulsbo, Washington.
- Permitted, February 26, 2025
Membership
Central Pacific Bank, Honolulu, Hawaii -- to become a member of the Federal Reserve System.
- Approved, January 10, 2025
Banks, State Member
Central Pacific Bank, Honolulu, Hawaii -- to make a public welfare investment.
- Approved, November 21, 2025
East West Bank, Pasadena, California -- to make a public welfare investment.
- Approved, October 16, 2025
Banc of California, Los Angeles, California -- to make a public welfare investment.
- Approved, October 9, 2025
Bank of Hawaii, Honolulu, Hawaii -- to make a public welfare investment.
- Approved, September 22, 2025
The Banc of California, Los Angeles, California -- to make a public welfare investment.
- Approved, August 7, 2025
Central Pacific Bank, Honolulu, Hawaii -- to make a public welfare investment.
- Approved, August 1, 2025
East West Bank, Pasadena, California -- to make a public welfare investment.
- Approved, July 18, 2025
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Withdrawn, June 9, 2025
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, May 27, 2025
East West Bank, Pasadena, California -- to make a public welfare investment.
- Approved, March 24, 2025
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
- Approved, March 3, 2025
Westamerica Bank, San Rafael, California -- to make a public welfare investment.
- Approved, January 16, 2025

Last Update: December 4, 2025