Actions taken by the Federal Reserve Bank of Cleveland under delegated authority

Bank Branches, Domestic
The State Bank and Trust Company, Defiance, Ohio -- to establish a branch at 1414 North Scott Street, Napoleon, Ohio.
- Approved, May 9, 2025
The Peoples Bank & Trust Company of Hazard, Hazard, Kentucky -- to establish a branch at 102 River Drive, Irvine, Kentucky.
- Approved, May 6, 2025
The Killbuck Savings Bank Company, Killbuck, Ohio -- to establish a branch at 445 West Milltown Road, Wooster, Ohio.
- Approved, March 21, 2025
The Twin Valley Bank, West Alexandria, Ohio -- to establish a branch at 38 North Broadway Street, Farmersville, Ohio.
- Approved, January 30, 2025
Bank Holding Companies
Northwest Bancshares Inc., Columbus, Ohio -- waiver of application to merge with Penns Woods Bancorp, Inc., and thereby indirectly acquire Jersey Shore State Bank (Jersey), Williamsport, Pennsylvania, and Luzerne Bank (Luzerne), Luzerne, Pennsylvania, in connection with the merger of Jersey and Luzerne with and into Northwest Bank, Warren, Pennsylvania.
- Granted, April 18, 2025
Change In Bank Control
Buckeye State Bancshares, Inc., Powell, Ohio -- Stanley Jackson, Westerville, Ohio, individually and as trustee of the Buckeye State Bank 401(k) Employee Stock Ownership Plan (ESOP), and Kevin Rahe, Perrysburg, Ohio, as trustee of the ESOP, to retain voting shares and thereby control Buckeye State Bancshares, Inc., and indirectly control Buckeye State Bank, Powell, Ohio.
- Permitted, April 17, 2025
Citizens Guaranty Financial Corporation, Irvine, Kentucky -- the Kathryn St. Clair Trust, under agreement dated January 26, 2024, as amended on June 20, 2024, Irvine, Kentucky; and Jaclyn R. St. Clair Shoop, trustee, Lexington, Kentucky; to acquire voting shares of Citizens Guaranty Financial Corporation and thereby indirectly acquire voting shares of Citizens Guaranty Bank, Richmond, Kentucky.
- Permitted, January 14, 2025
International Operations
PNC Bank, National Association, Wilmington, Delaware -- to reestablish and extend the existence of PNC Bank International, Wilmington, Delaware, an Edge corporation.
- Approved, May 13, 2025

Last Update: July 10, 2025