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

Bank Branches, Domestic
First Home Bank, St. Petersburg, Florida -- to establish a branch at 401 North Indian Rocks Road, Belleair Bluffs.
- Withdrawn, May 13, 2021
Sunrise Bank, Cocoa Beach, Florida -- to establish a branch at 5604 North Atlantic Avenue, Cocoa Beach.
- Approved, April 30, 2021
Tennessee State Bank, Pigeon Forge, Tennessee -- to establish a branch at 1824 Veterans Boulevard, Sevierville.
- Approved, April 29, 2021
Pilot Bank, Tampa, Florida -- to establish a branch at 408 South MacDill Avenue, Tampa.
- Approved, April 7, 2021
Regions Bank, Birmingham, Alabama -- to establish branches at 360 South Rosemary Avenue, West Palm Beach, Florida; the southwest corner of the intersection of Narcoossee Road and Laureate Boulevard, Orlando; East Colonial Drive, just west of Woodbury Road; 1569 Sunset Drive, Miami; 1486 Stuart Engals Boulevard, Mount Pleasant, South Carolina; 1250 East 86th Street, Indianapolis, Indiana; and 10600 Broadway Street, Pearland, Texas.
- Approved, April 6, 2021
Flagler Bank, West Palm Beach, Florida -- to establish a branch at 1801 Forest Hill Boulevard, West Palm Beach.
- Approved, March 29, 2021
Regions Bank, Birmingham, Alabama -- to establish branches at 4200 Roswell Road, Marietta, Georgia; Atlanta Highway, just south of Logan Drive, Loganville; 6343 Roswell Road, Atlanta; and 5950 State Bridge Road, Duluth.
- Approved, February 5, 2021
Bank Holding Companies
TC Bancshares, Inc., Thomasville, Georgia -- to become a bank holding company by acquiring TC Federal Bank, Thomasville, in connection with the mutual-to-stock conversion of TC Federal Bank, Thomasville.
- Approved, May 14, 2021
BOA Financial Corporation, Abbeville, Louisiana -- to become a bank holding company by acquiring shares of Bank of Abbeville & Trust Company, Abbeville.
- Approved, May 10, 2021
Catalyst Bancorp, Inc., Opelousas, Louisiana -- to become a bank holding company by acquiring St. Landry Homestead Federal Savings Bank, Opelousas, in connection with the mutual-to-stock conversion of St. Landry Homestead Federal Savings Bank.
- Approved, May 6, 2021
Sumner Financial Corporation, Gallatin, Tennessee -- to become a bank holding company by acquiring shares of Sumner Bank and Trust, Gallatin.
- Approved, May 6, 2021
First Chatsworth Bankshares, Inc., Chatsworth, Georgia -- waiver of application to merge with Heritage First Bancshares, Inc., Rome, and thereby acquire its subsidiary, Heritage First Bank (HFB), in connection with HFB's merger with and into First National Community Bank, Chatsworth.
- Granted, April 29, 2021
Axxess Partners, Inc., Baton Rouge, Louisiana -- to become a bank holding company by acquiring Delta Bancshares of Louisiana, Inc., Oak Grove, and its wholly owned subsidiary, Commerce Community Bank.
- Approved, April 19, 2021
St. Holdings, Inc., Orlando, Florida -- to become a bank holding company by acquiring outstanding shares of Rochelle State Bank, Rochelle, Georgia.
- Approved, April 16, 2021
M&C Bancshares, Inc., McRae-Helena, Georgia -- to become a bank holding company by acquiring outstanding shares of The Merchants & Citizens Bank, McRae-Helena.
- Returned, April 6, 2021
Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Brandon, Mississippi -- to acquire additional shares of Community Bancshares of Mississippi, Inc., Brandon, and thereby acquire Community Bank of Mississippi, Forest.
- Approved, March 25, 2021
FirstBanc of Alabama, Inc., Talladega, Alabama -- to acquire SouthFirst Bank, Sylacauga, and thereby engage in operating a savings association.
- Approved, March 10, 2021
First Cahawba Bancshares, Inc., Selma, Alabama -- to become a bank holding company by acquiring shares of First Cahawba Bank, Selma.
- Approved, March 2, 2021
Commerce Bancshares, Inc., White Castle, Louisiana -- to retain Assumption Mortgage, LLC, Paincourtville, and thereby engage in mortgage brokerage activities.
- Approved, February 16, 2021
Primary Bancshares Corporation, Atlanta, Georgia -- to become a bank holding company by acquiring outstanding shares of Georgia Primary Bank, Atlanta.
- Approved, January 28, 2021
Change In Bank Control
Clinton Bancshares, Inc., Clinton, Louisiana -- Dennis Randall Aucoin, Slaughter, to retain voting shares of Clinton Bancshares, Inc., and thereby indirectly retain voting shares of Landmark Bank, Clinton.
- Permitted, May 25, 2021
Clinton Bancshares, Inc., Clinton, Louisiana -- Lynette Elaine Ligon, Robert David Ligon, both of Clinton, and Alison Leslie Ligon, Ethel, to join the Ligon Family Control Group, a group acting in concert, to retain voting control of Clinton Bancshares, Inc., and thereby indirectly retain voting shares of Landmark Bank, Clinton.
- Permitted, May 25, 2021
Greater Community Bancshares, Inc., Rome, Georgia -- change in bank control of Greater Community Bancshares, Inc., and its subsidiary, Greater Community Bank, Rome.
- Withdrawn, March 19, 2021
Monticello Bancshares, Inc., Monticello, Georgia -- to retain control of Monticello Bancshares, Inc., and its subsidiary, Bank of Monticello, Monticello.
- Permitted, February 25, 2021
Community Bankshares, Inc., LaGrange, Georgia -- change in bank control of Community Bankshares, Inc., and its subsidiaries, Community Bank and Trust - West Georgia, LaGrange, and Community Bank and Trust - Alabama, Union Springs, Alabama.
- Withdrawn, February 22, 2021
Extensions Of Time
Regions Bank, Birmingham, Alabama -- extension to July 10, 2021, to establish a branch at East State Road 70, just east of Lakewood Ranch Boulevard, Bradenton, Florida.
- Granted, March 31, 2021
Membership
First National Bank of Picayune, Picayune, Mississippi -- to retain its membership in the Federal Reserve System following its conversion to a state-chartered bank (to be known as FNB Picayune Bank).
- Approved, May 28, 2021
Raymond James Bank, National Association, Saint Petersburg, Florida -- to retain its membership in the Federal Reserve System following its conversion to a state-chartered bank (to be known as Raymond James Bank).
- Approved, April 28, 2021
Banks, State Member
BBVA USA (formerly known as Compass Bank), Birmingham, Alabama -- to make certain public welfare investments.
- Approved, May 14, 2021
BBVA USA, Birmingham, Alabama -- to make certain public welfare investments.
- Approved, March 12, 2021
Synovus Bank, Columbus, Georgia -- to make certain public welfare investments (two requests).
- Withdrawn, January 21, 2021
Savings and Loan Holding Companies
Cullman Savings Bank, MHC, Cullman, Alabama -- to convert from mutual to stock form. As part of the conversion, Cullman Savings Bank, MHC, and Cullman Bancorp, Inc., Cullman, an existing mid-tier savings and loan holding company, will cease to exist and Cullman Savings Bank, Cullman, will become a wholly owned subsidiary of a newly formed Maryland corporation to be known as Cullman Bancorp, Inc., Cullman, which has applied to become a savings and loan holding company.
- Approved, May 14, 2021
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Last Update: June 10, 2021