Public Information Documents

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

Bank Branches, Domestic
Essex Bank, Richmond, Virginia -- to establish a branch at 12640-12646 Stone Village Way, Midlothian.
- Approved, July 20, 2018
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
First Bankshares, Inc., Barboursville, West Virginia -- to engage in extending credit and servicing loans through a subsidiary, Community Mortgage Network, Inc., Huntington.
- Withdrawn, August 16, 2018
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
FVCbank, Fairfax, Virginia -- to merge with Colombo Bank, Rockville, Maryland.
- Approved, July 26, 2018
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
Savings and Loan Holding Companies
CBM Bancorp Inc., Parkville, Maryland -- to acquire Chesapeake Bank of Maryland, Parkville, in connection with the conversion of Banks of the Chesapeake, M.H.C. (MHC), from mutual to stock form and the merger of MHC with and into CBM Bancorp Inc. (a newly formed corporation).
- Approved, July 11, 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: September 13, 2018