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

Bank Branches, Domestic
Virginia Commonwealth Bank, Richmond, Virginia -- to establish a branch at 300 32nd Street, Virginia Beach.
- Approved, June 6, 2018
Pioneer Bank, Stanley, Virginia -- to establish a branch at 630 Peter Jefferson Parkway, Charlottesville.
- Approved, April 16, 2018
Farmers & Merchants Bank, Timberville, Virginia -- to establish a branch at 2782 Stuarts Draft Highway, Stuarts Draft.
- Approved, April 5, 2018
Select Bank, Forest, Virginia -- to establish a branch at 4925 Boonsboro Road, Lynchburg.
- Approved, March 29, 2018
John Marshall Bank, Reston, Virginia -- to establish a branch at 8229 Boone Boulevard, Vienna.
- Approved, March 20, 2018
First Sentinel Bank, Richlands, Virginia -- to establish a branch at 427 Main Street, Bland.
- Approved, March 15, 2018
Benchmark Community Bank, Kenbridge, Virginia -- to establish a branch at 316 W. Atlantic Street, Emporia.
- Approved, March 13, 2018
VCC Bank, Richmond, Virginia -- to establish a branch at 110 Peppers Ferry Road NW, Christiansburg.
- Approved, March 7, 2018
The First Bank and Trust Company, Lebanon, Virginia -- to establish a branch at 2695 Prices Fork Road, Blacksburg.
- Approved, January 25, 2018
First Bank, Southern Pines, North Carolina -- to establish a branch at 109 Penny Road, High Point.
- Approved, January 25, 2018
Bank Holding Companies
Virginia National Bankshares Corporation, Charlottesville, Virginia -- to engage in financial and investment advisory activities and private-placement services through a newly formed nonbank subsidiary, Masonry Capital Management, LLC, Charlottesville.
- Approved, May 30, 2018
AsheCo, MHC, Inc., West Jefferson, North Carolina; and LifeStore Financial Group, Inc. -- to become bank holding companies through the conversion of LifeStore Bank, West Jefferson, from a federal savings bank to a state-chartered commercial bank; and election to become financial holding companies.
- Approved, April 10, 2018
H Bancorp LLC, Irvine, California -- to acquire shares of Old Line Bancshares, Inc., Bowie, Maryland, and thereby indirectly acquire shares of Old Line Bank.
- Approved, March 2, 2018
Old Line Bancshares, Inc., Bowie, Maryland -- to acquire Bay Bancorp, Inc., Columbia, and thereby indirectly acquire Bay Bank, FSB.
- Approved, March 2, 2018
Hamilton Bancorp, Inc., Towson, Maryland -- to engage in lending activities.
- Approved, February 22, 2018
Old Point Financial Corporation, Hampton, Virginia -- to acquire Citizens National Bank, Windsor.
- Approved, February 2, 2018
PB Financial Corporation, Rocky Mount, North Carolina -- to become a bank holding company through the acquisition of Providence Bank, Rocky Mount.
- Approved, January 26, 2018
Old Line Bancshares, Inc., Bowie, Maryland -- to acquire Bay Bancorp, Inc., Columbia, and thereby indirectly acquire Bay Bank, FSB.
- Withdrawn, January 19, 2018
Eagle Financial Services, Inc., Berryville, Virginia -- to engage in lending activities.
- Withdrawn, January 16, 2018
Bank Mergers
Highlands Community Bank, Covington, Virginia -- to acquire certain assets and assume certain liabilities of the Hot Springs branch of Carter Bank and Trust, Martinsville.
- Approved, March 21, 2018
Bank Premises
Benchmark Community Bank, Kenbridge, Virginia -- to increase its investment in bank premises.
- Approved, April 24, 2018
Extensions Of Time
First Citizens Bancshares, Inc., Raleigh, North Carolina -- extension to June 19, 2018, to acquire shares of KS Bancorp, Inc., Smithfield, and thereby indirectly acquire a controlling interest in KS Bank, Inc.
- Granted, March 19, 2018
Membership
Lifestore Bank, West Jefferson, North Carolina -- to become a member of the Federal Reserve System.
- Approved, April 12, 2018
Banks, Nonmember, And Miscellaneous Institutions
EJF Capital LLC, Arlington, Virginia -- relief from certain commitments.
- Withdrawn, May 24, 2018
Financial Holding Companies
State Bancorp, Inc., Bruceton Mills, West Virginia -- election to become a financial holding company.
- Effective, April 16, 2018
Supervision and Regulation
Capital One Financial Corporation -- resubmitted capital plan to address deficiencies identified in the 2017 Comprehensive Capital Analysis and Review.
- No Objection, March 9, 2018

Last Update: June 14, 2018