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

Bank Branches, Domestic
Essex Bank, Richmond, Virginia -- to establish a branch at 3638 Old Forest Road, Lynchburg.
- Approved, November 28, 2017
John Marshall Bank, Reston, Virginia -- to establish a branch at 1401 H Street NW, Washington, D.C.
- Approved, October 20, 2017
HomeTrust Bank, Asheville, North Carolina -- to establish a branch at 1315 Bradford View Drive, Cary.
- Approved, August 31, 2017
MainStreet Bank, Fairfax, Virginia -- to establish a branch at 307 East Market Street, Leesburg.
- Approved, August 31, 2017
The Bank of Romney, Romney, West Virginia -- to establish a branch at 100 North Main Street, Slanesville.
- Approved, August 30, 2017
Chesapeake Bank, Kilmarnock, Virginia -- to establish a branch at 2300 Cedarfield Parkway, Richmond.
- Approved, August 3, 2017
First Bank, Strasburg, Virginia -- to establish a branch at 5601 Patterson Avenue, Richmond.
- Approved, July 31, 2017
Xenith Bank, Richmond, Virginia -- to establish a branch at 713 Independence Boulevard, Virginia Beach.
- Approved, June 28, 2017
Citizens Community Bank, South Hill, Virginia -- to establish a branch at 701 Virginia Avenue, Clarksville.
- Approved, June 8, 2017
The Freedom Bank of Virginia, Fairfax, Virginia -- to establish a branch at 4500 Daly Drive, Chantilly.
- Approved, June 1, 2017
Union Bank & Trust, Richmond, Virginia -- to establish a branch at 209 Stonebridge Plaza Avenue, Chesterfield.
- Approved, June 1, 2017
Shore United Bank, Easton, Maryland -- to establish a branch at 25306 Lankford Highway, Onley, Virginia.
- Approved, May 15, 2017
Community Capital Bank of Virginia, Christiansburg, Virginia -- to establish a branch at 7814 Carousel Lane, Richmond.
- Approved, May 5, 2017
The Bank of Marion, Marion, Virginia -- to establish a branch at 111 North Church Street, Marion.
- Approved, May 4, 2017
CFG Community Bank, Lutherville, Maryland -- to establish a branch at 888 Bestgate Road, Annapolis.
- Approved, May 4, 2017
Essex Bank, Richmond, Virginia -- to establish a branch at 12254-12256 West Broad Marketplace, Henrico.
- Approved, April 19, 2017
Uwharrie Bank, Albemarle, North Carolina -- to establish a branch at 5231 Piper Station Drive, Charlotte, and to increase its investment in bank premises.
- Approved, April 10, 2017
HomeTrust Bank, Asheville, North Carolina -- to establish a branch at 4140 Parklake Avenue, Raleigh.
- Approved, March 23, 2017
First Bank, Troy, North Carolina -- to establish a branch at 3110 Edwards Mill Road, Raleigh.
- Approved, February 27, 2017
Bank of the James, Lynchburg, Virginia -- to establish a branch at 3562 Electric Road, Roanoke.
- Approved, January 17, 2017
Bank Holding Companies
Hamilton Bancorp, Inc., Towson, Maryland -- to become a bank holding company by acquiring Hamilton Bank, Towson, on its conversion from a federal savings bank to a commercial bank.
- Approved, November 21, 2017
Select Bancorp, Inc., Dunn, North Carolina -- to acquire Premara Financial, Inc., Charlotte, and thereby indirectly acquire Carolina Premier Bank.
- Approved, November 15, 2017
PB Financial Corporation, Rocky Mount, North Carolina -- to become a bank holding company by acquiring Providence Bank, Rocky Mount.
- Withdrawn, November 1, 2017
CapGen Capital Group VI LLC, New York, New York, and CapGen Capital Group VI LP -- to acquire shares of Union Bankshares Corporation, Richmond, Virginia, and thereby indirectly control Union Bank & Trust.
- Approved, October 5, 2017
Union Bankshares Corporation, Richmond, Virginia -- to acquire Xenith Bankshares, Inc., Richmond, and thereby indirectly acquire Xenith Bank; and for Union Bank & Trust to merge with Xenith Bank and thereby establish branches.
- Approved, October 5, 2017
CAB Financial Corporation, Spartanburg, South Carolina -- to become a bank holding company by acquiring Carolina Alliance Bank, Spartanburg.
- Approved, September 28, 2017
First Bancorp, Southern Pines, North Carolina -- to acquire ASB Bancorp, Inc., Asheville, and thereby indirectly acquire Asheville Savings Bank, SSB; and for First Bank, Troy, to merge with Asheville Savings Bank, SSB, and retain the acquired facilities as branches.
- Approved, August 4, 2017
Entegra Financial Corp., Franklin, North Carolina -- waiver of application to acquire Chattahoochee Bank of Georgia, Gainesville, Georgia, in connection with its merger with Entegra Bank, Franklin.
- Withdrawn, July 20, 2017
Old Line Bancshares, Inc., Bowie, Maryland -- to acquire DCB Bancshares, Inc., Damascus, and thereby indirectly acquire Damascus Community Bank.
- Approved, May 2, 2017
Bay Banks of Virginia, Inc., Kilmarnock, Virginia -- to engage in extending credit and servicing loans.
- Withdrawn, March 31, 2017
Access National Corporation, Reston, Virginia -- to acquire Middleburg Financial Corporation, Middleburg, and thereby indirectly acquire Middleburg Bank; in addition, to engage in trust activities through the acquisition of Middleburg Investment Group, Inc., and Middleburg Trust Company, Richmond.
- Approved, March 15, 2017
Southern National Bancorp of Virginia, Inc. (SNBV), McLean, Virginia -- to acquire Eastern Virginia Bankshares, Inc., Glen Allen, and thereby indirectly acquire EVB, Tappahannock, and to engage in nonbank activities; for SNBV's subsidiary, Sonabank, McLean, to merge with EVB and thereby establish branches; and election by SNBV to become a financial holding company.
- Approved, March 10, 2017
First Citizens Bancshares, Inc., Raleigh, North Carolina -- to acquire shares of First Advantage Bancorp, Clarksville, Tennessee.
- Approved, March 1, 2017
First Bancorp, Southern Pines, North Carolina -- to acquire Carolina Bank Holdings, Inc., Greensboro, and thereby indirectly acquire Carolina Bank; and for First Bank, Troy, to merge with Carolina Bank and thereby establish branches.
- Approved, February 16, 2017
Bay Banks of Virginia, Inc., Kilmarnock, Virginia -- to acquire Virginia BanCorp, Inc., Petersburg, and thereby indirectly acquire Virginia Commonwealth Bank; and for Bay Banks of Virginia's subsidiary, Bank of Lancaster, Kilmarnock, to merge with Virginia Commonwealth Bank and thereby establish branches.
- Approved, February 10, 2017
Farmers Bankshares, Inc., Windsor, Virginia -- to indirectly acquire an interest in Tidewater Home Funding, LLC, Chesapeake, and thereby engage in nonbanking activities.
- Approved, February 9, 2017
Bank Mergers
Bank of McKenney, McKenney, Virginia -- to merge with CCB Bankshares, Inc., South Hill, and Citizens Community Bank and thereby establish branches.
- Approved, September 25, 2017
United Bank, Fairfax, Virginia -- to merge with United Bank, Inc., Parkersburg, West Virginia, and thereby establish branches.
- Approved, August 28, 2017
Union Bank & Trust, Richmond, Virginia -- to purchase certain assets and assume certain liabilities of the Lovingston branch of American National Bank and Trust Company, Danville.
- Approved, June 8, 2017
Shore United Bank, Easton, Maryland -- to acquire certain assets and assume certain liabilities of three branches of Northwest Bank, Warren, Pennsylvania.
- Approved, March 13, 2017
Bank Premises
The Bank of Marion, Marion, Virginia -- to increase its investment in bank premises.
- Approved, September 21, 2017
Clear Mountain Bank, Bruceton Mills, West Virginia -- to increase its investment in bank premises.
- Approved, May 3, 2017
The Pleasants County Bank, Saint Marys, West Virginia -- to increase its investment in bank premises.
- Approved, May 2, 2017
Change In Bank Control
Delmarva Bancshares, Inc., Cambridge, Maryland -- change in bank control of Delmarva Bancshares, Inc., and its subsidiary, 1880 Bank, Cambridge.
- Permitted, November 29, 2017
State Bancorp, Inc., Bruceton Mills, West Virginia -- to retain control of State Bancorp, Inc., and its subsidiary, Clear Mountain Bank, Bruceton Mills.
- Permitted, September 8, 2017
Miners and Merchants Bancorp, Inc., Grundy, Virginia -- to retain control of Miners and Merchants Bancorp and its subsidiary, Trupoint Bank, Grundy.
- Permitted, August 8, 2017
First Region Bancshares, Inc., Richlands, Virginia -- change in bank control of First Region Bancshares, Inc., and its subsidiary, First Sentinel Bank, Richlands.
- Permitted, March 8, 2017
Extensions Of Time
First Citizens Bancshares, Inc., Raleigh, North Carolina -- extension to January 11, 2018, to acquire shares of Carter Bank & Trust, Martinsville, Virginia.
- Granted, October 10, 2017
First Citizens Bancshares, Inc., Raleigh, North Carolina -- extension to December 1, 2017, to acquire shares of First Advantage Bancorp, Clarksville, Tennessee.
- Granted, August 25, 2017
First Citizens Bancshares, Inc., Raleigh, North Carolina -- extension to October 11, 2017, to acquire shares of Carter Bank & Trust, Martinsville, Virginia.
- Granted, July 10, 2017
Southern National Bancorp of Virginia, Inc., McLean, Virginia -- extension to September 10, 2017, to acquire Eastern Virginia Bankshares, Inc., Glen Allen, and thereby indirectly acquire EVB, Tappahannock, and to engage in nonbanking activities; and for Sonabank, McLean, to merge with EVB.
- Granted, June 5, 2017
First Citizens Bancshares, Inc., Raleigh, North Carolina -- extension to September 1, 2017, to acquire shares of First Advantage Bancorp, Clarksville, Tennessee.
- Granted, June 1, 2017
EVB, Tappahannock, Virginia -- extension to January 19, 2018, to establish a branch at 350-360 East Hundred Road, Chester.
- Granted, May 3, 2017
First Citizens Bancshares, Inc., Raleigh, North Carolina -- extension to July 11, 2017, to acquire shares of Carter Bank & Trust, Martinsville, Virginia.
- Granted, April 7, 2017
Financial Holding Companies
Premier Financial Bancorp, Inc., Huntington, West Virginia -- election to become a financial holding company.
- Effective, October 5, 2017
Carolina Financial Corporation, Charleston, South Carolina -- election to become a financial holding company.
- Effective, June 20, 2017
First South Bancorp, Inc., Washington, North Carolina -- election to become a financial holding company.
- Effective, January 4, 2017
Savings and Loan Holding Companies
BV Financial, Sparrows Point, Maryland -- to conduct a minority stock issuance to BV Financial, Inc. 2017 Stock Option Plan.
- Approved, December 5, 2017

Last Update: December 14, 2017