Public Information Documents

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

Bank Branches, Domestic
Atlantic Union Bank, Richmond, Virginia -- to establish a branch at 5501 Capital Boulevard, Raleigh, [North Carolina.]
- Approved, September 23, 2026
United Bank, Fairfax, Virginia -- to establish a branch at 3445 Peachtree Road, Atlanta, Georgia.
- Approved, September 22, 2026
Atlantic Union Bank, Richmond, Virginia -- to establish a branch at 7541 Creedmoor Road, Raleigh, [North Carolina.]
- Approved, September 9, 2026
Legacy Bank, Grundy, Virginia -- to establish a branch at 1001 Leatherwood Lane, Bluefield, Virginia.
- Approved, September 3, 2026
New Peoples Bank, Inc., Honaker, Virginia -- to establish a branch at 165 West Main Street, Wytheville, Virginia.
- Approved, August 18, 2026
Putnam County Bank, Hurricane, West Virginia -- to establish a branch at 8026 Route 60 East, Barboursville, West Virginia.
- Approved, August 4, 2026
Coastal States Bank, Hilton Head Island, South Carolina -- to establish a branch at 268 West Coleman Street, Mount Pleasant, South Carolina.
- Approved, July 14, 2026
Select Bank, Forest, Virginia -- to establish a branch at 211 Central Park Avenue, Pinehurst, North Carolina.
- Approved, July 14, 2026
Bank of the Lowcountry, Walterboro, South Carolina -- to establish a branch at 186 Sea Island Parkway, Beaufort, South Carolina.
- Approved, June 5, 2026
Atlantic Union Bank, Richmond, Virginia -- to establish a branch at 4004 Boston Street, Baltimore, Maryland, and at 1000 Village Market Place, Morrisville, North Carolina.
- Approved, May 26, 2026
Farmers & Merchants Bank, Timberville, Virginia -- to establish a branch at 28 Blackwell Park Lane, Warrenton, Virginia.
- Approved, May 19, 2026
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
Client First Holdings, LLC, Coeburn, Virginia -- to become a bank holding company by acquiring Client First Interim Bank (in formation) (CFIB) and Miners Exchange Bank (MEB), both of Coeburn, Virginia, through the merger of CFIB with and into MEB.
- Approved, October 2, 2026
ODNB Financial Corporation, Tysons Corner, Virginia -- waiver of filing requirement under section 3 of the Bank Holding Company Act to merge with National Capital Bancorp, Inc., and thereby indirectly acquire its wholly owned subsidiary national bank, The National Capital Bank of Washington, both of Washington, D.C., in connection with the merger of Old Dominion National Bank, North Garden, Virginia, with and into The National Capital Bank of Washington.
- Granted, September 14, 2026
Coastal Carolina Bancshares Inc., Myrtle Beach, South Carolina -- waiver of filing requirement under section 3 of the Bank Holding Company Act to merge with Beacon Holding Company Inc., and thereby indirectly acquire its subsidiary state nonmember bank, Beacon Community Bank, both of Mount Pleasant, South Carolina, in connection with the merger of Beacon Community Bank with and into Coastal Carolina National Bank, Myrtle Beach, South Carolina.
- Granted, August 3, 2026
United Community Banks, Inc., Greenville, South Carolina -- to acquire Peach State Bancshares, Inc., and thereby indirectly acquire Peach State Bank & Trust, both of Gainesville, Georgia, and for United Community Bank, Greenville, South Carolina, to merge with Peach State Bank & Trust and thereby operate its branches.
- Approved, July 2, 2026
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
The Bank of Marion, Marion, Virginia -- to increase its investment in bank premises.
- Approved, September 28, 2026
Putnam County Bank, Hurricane, West Virginia -- to increase its investment in bank premises.
- Approved, May 13, 2026
Putnam County Bank, Hurricane, West Virginia -- to increase its investment in bank premises.
- Approved, January 12, 2026
Change In Bank Control
City Holding Company, Charleston, West Virginia -- The Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., Vanguard), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard (the Vanguard funds), for the Vanguard funds to increase the aggregate ownership position of the Vanguard funds of the common stock of City Holding Company, parent of City National Bank of West Virginia, Charleston, West Virginia.
- Permitted, September 28, 2026
Eagle Bancorp, Inc., Bethesda, Maryland -- The Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates (together with The Vanguard Group, Inc., "Vanguard"), and the investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard (the Vanguard funds), for the Vanguard funds to increase the aggregate ownership position of the Vanguard funds of the common stock of Eagle Bancorp, Inc., parent of EagleBank, Bethesda, Maryland.
- Permitted, September 28, 2026
M&F Bancorp, Inc., Durham, North Carolina -- Exploration Capital Fund, L.P.; Exploration Capital General Partner, LLC; and Exploration Capital, LLC, all of Salt Lake City, Utah, and Stephen Gustin, Vineyard, Utah, to retain voting shares of M&F Bancorp, Inc., and thereby indirectly retain voting shares of Mechanics & Farmers Bank, Durham, North Carolina.
- Withdrawn, July 24, 2026
BayFirst Financial Corp., Saint Petersburg, Florida -- Kenneth R. Lehman, Fort Lauderdale, Florida, to acquire voting shares of BayFirst Financial Corp. and thereby indirectly acquire voting shares of BayFirst National Bank, Saint Petersburg, Florida.
- Permitted, June 26, 2026
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
Financial Holding Companies
CBB Financial Corp., Midlothian, Virginia -- election to become a financial holding company.
- Effective, September 3, 2026

Last Update: October 8, 2026