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

Bank Branches, Domestic
United Community Bank, Greenville, South Carolina -- to establish a branch at 2015 Blowing Rock Road, Boone, North Carolina.
- Approved, May 6, 2026
Carter Bank and Trust, Martinsville, Virginia -- to establish a branch at 301 North Main Street, [Greenville, South Carolina.]
- Approved, May 6, 2026
Benchmark Community Bank, Kenbridge, Virginia -- to establish a branch at 99 Bank Street, Boydton, Virginia.
- Approved, April 7, 2026
First Community Bank, Bluefield, Virginia -- to establish a branch at 243 Main Avenue, Pineville, West Virginia.
- Approved, February 27, 2026
First Bank, Strasburg, Virginia -- to establish a branch at 6701 Courthouse Landing Lane, Chesterfield, Virginia.
- Approved, January 14, 2026
Bank Holding Companies
BOC Financial Corporation, Ocean City, Maryland -- to become a bank holding company by acquiring Bank of Ocean City, Ocean City, Maryland.
- Approved, March 5, 2026
Bank Premises
Putnam County Bank, Hurricane, West Virginia -- to increase its investment in bank premises.
- Approved, January 12, 2026
Change In Bank Control
Chesapeake Financial Shares, Inc., Kilmarnock, Virginia -- Molly D. McEvoy, Richmond, Virginia, to join the Monroe Family Control Group, a group acting in concert, to acquire voting shares of Chesapeake Financial Shares, Inc., and thereby indirectly acquire Chesapeake Bank, Kilmarnock, Virginia.
- Permitted, April 14, 2026
Membership
Bank of the Lowcountry, Walterboro, South Carolina -- to become a member of the Federal Reserve System.
- Approved, April 15, 2026

Last Update: May 15, 2026