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

Bank Branches, Domestic
PBT Bancorp, Hazard, Kentucky -- to establish a branch at 1220 Richmond Road, Irvine, Kentucky.
- Approved, November 19, 2025
PBT Bancorp, Hazard, Kentucky -- to establish a branch at 297 North Main Street, Stanton, Kentucky.
- Withdrawn, November 7, 2025
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
Marquette Mutual Holding Company, Erie, Pennsylvania -- to become a bank holding company by acquiring Marquette Savings Bank, Erie, Pennsylvania.
- Approved, November 3, 2025
NexTier Incorporated, Kittanning, Pennsylvania -- request by the Snyder Family Group for relief from a commitment involving NexTier Incorporated (formerly Merchants Bancorp of Pennsylvania, Inc.).
- Granted, August 14, 2025
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
Bank Mergers
Civista Bank, Sandusky, Ohio -- to merge with The Farmers Savings Bank, Spencer, Ohio, and thereby acquire the branches of The Farmers Savings Bank.
- Approved, October 2, 2025
Change In Bank Control
Peoples National Bancshares, Inc., New Lexington, Ohio -- Larry Lindamood, as an individual and in his capacity as trustee of The Lindamood Family Trust and the lntervivos Trust of Marvin A. Lindamood, New Lexington, Ohio; Maeanna Lindamood, in her capacity as trustee of The Lindamood Family Trust, New Lexington, Ohio; Patricia Weese, as an individual and in her capacity as trustee of the lntervivos Trust of Marvin A. Lindamood, New Lexington, Ohio; Ashley Nash, New Lexington, Ohio; Christopher Weese, New Lexington, Ohio; and Phillip Weese, San Diego, California, to retain outstanding shares of and thereby control Peoples National Bancshares, Inc., and indirectly control Peoples State Bank, New Lexington, Ohio.
- Withdrawn, October 22, 2025
Hometown Bancshares, Inc., Middlebourne, West Virginia -- Julie Harris, Newport, Ohio, individually and as trustee of the Hometown Bancshares Inc., 401(k) Profit Sharing Plan, Middlebourne, West Virginia, to join a group acting in concert to retain voting shares of Hometown Bancshares, Inc., and thereby indirectly retain voting shares of Union Bank, Inc., Middlebourne, West Virginia.
- Permitted, September 30, 2025
Cumberland Valley Financial Corporation, London, Kentucky -- Brenda Sue Greer, acting as trustee of Trust "B" [UTA] Randall Greer Revocable Trust dated September 22, 2016, both of London, Kentucky; to become a member of the Greer Family Control Group, a group acting in concert, to retain voting shares of Cumberland Valley Financial Corporation and thereby indirectly retain voting shares of the Cumberland Valley National Bank and Trust, London, Kentucky.
- Permitted, August 21, 2025
Traditional Bancorporation, Inc., Mount Sterling, Kentucky -- Arthur Everett Walker Jr., Arthur Everett Walker III, both of Mount Sterling, Kentucky; Bryce Hamilton Walker, Branden Walker Quinn, both of Lexington, Kentucky; Amy Walker Duzyk, Darren Joseph Duzyk, both of Kiawah Island, South Carolina; Edward Daniel Duzyk, Dennis Paul Duzyk, and the David M. Duzyk 2012 Family Trust [UA], Elizabeth M Duzyk, as trustee, all of Lexington, Kentucky; to join the Walker-Duzyk Family Control Group, a group acting in concert, to retain voting shares of Traditional Bancorporation Inc., and thereby indirectly retain voting shares of Traditional Bank, Inc., Mount Sterling, Kentucky.
- Permitted, August 19, 2025
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: December 4, 2025