Actions taken by the Federal Reserve Bank of St. Louis under delegated authority

Bank Branches, Domestic
Decatur County Bank, Decaturville, Tennessee -- to establish a branch at 1270 Union University Drive, Jackson.
- Approved, May 2, 2018
Patriot Bank, Millington, Tennessee -- to establish a branch at 5332 Airline Road, Arlington.
- Approved, April 25, 2018
First Bank, Creve Coeur, Missouri -- to establish a branch at 8820 Wilshire Boulevard, Beverly Hills, California.
- Approved, April 18, 2018
Bank of Cave City, Cave City, Arkansas -- to establish a branch at 1141 East Main Street, Batesville.
- Approved, April 4, 2018
The Citizens Bank, Batesville, Arkansas -- to establish a branch at 1698 Higdon Ferry Road, Hot Springs.
- Approved, March 20, 2018
The Citizens Bank, Batesville, Arkansas -- to establish a branch at 3971 West Wedington Drive, Fayetteville.
- Approved, February 20, 2018
Centennial Bank, Conway, Arkansas -- to establish a branch at 2400 Aggie Road, Jonesboro.
- Approved, February 6, 2018
Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 4895 West Pauline Whitaker Parkway, Rogers.
- Approved, January 26, 2018
Old Missouri Bank, Springfield, Missouri -- to establish a branch at 318 West Mt. Vernon Boulevard, Mt. Vernon.
- Approved, January 3, 2018
Bank Holding Companies
Monticello Bankshares, Inc., Monticello, Kentucky -- (1) to merge with Bluegrass Bancorp, Inc., Danville, and thereby indirectly acquire Bluegrass Community Bank, Inc., and (2) for Monticello Banking Company, Monticello, to merge with Bluegrass Community Bank, Inc., and retain the acquired facilities as branches.
- Approved, April 19, 2018
CNB Bank Shares, Inc., Carlinville, Illinois -- to acquire Jacksonville Bancorp, Inc, Jacksonville, and thereby indirectly acquire Jacksonville Savings Bank; and election to become a financial holding company.
- Approved, April 11, 2018
Grok Bancshares, Inc., St. Louis, Missouri -- to become a bank holding company by acquiring Clifford Bancshares, Inc., Troy, and thereby indirectly acquiring CBC Bank, Bowling Green.
- Approved, March 15, 2018
MRV Financial Corp, Sainte Genevieve, Missouri -- to acquire shares of Grok Bancshares, Inc., St. Louis, and thereby indirectly acquire CBC Bank, Bowling Green.
- Approved, March 15, 2018
Guaranty Federal Bancshares, Inc., Springfield, Missouri -- to acquire Hometown Bancshares, Inc., Carthage, and thereby indirectly acquire Hometown Bank, N.A.
- Approved, February 5, 2018
Reliable Community Bancshares, Inc., Perryville, Missouri -- to acquire Martinsburg Bancorp, Inc., Martinsburg, and thereby indirectly acquire Martinsburg Bank & Trust Company, Mexico; and for Martinsburg Acquisition Corp., Perryville, to become a bank holding company by acquiring Martinsburg Bancorp, Inc., and thereby indirectly acquiring Martinsburg Bank & Trust Company.
- Approved, January 10, 2018
Midland States Bancorp, Inc., Effingham, Illinois -- to acquire Alpine Bancorporation, Inc., Belvidere, and thereby indirectly acquire Alpine Bank & Trust Company, Rockford; and for Midland States Bank, Effingham, to merge with Alpine Bank & Trust Company and retain the acquired facilities as branches.
- Approved, January 5, 2018
The McGhee Bank Employee Stock Ownership Plan, McGehee, Arkansas -- to acquire additional shares of Southeast Financial Bankstock Corp., McGehee, and thereby increase its indirect control of McGehee Bank.
- Approved, January 4, 2018
Bank Mergers
Simmons Bank, Pine Bluff, Arkansas -- to merge with Bank SNB, Stillwater, Oklahoma, and retain the acquired facilities as branches.
- Approved, April 16, 2018
OakStar Bank, Springfield, Missouri -- to merge with First National Bank, Camdenton, and retain the acquired facilities as branches.
- Approved, March 29, 2018
Simmons Bank, Pine Bluff, Arkansas -- to merge with Southwest Bank, Fort Worth, Texas, and to retain the acquired facilities as branches.
- Approved, January 2, 2018
Change In Bank Control
Saint Louis Bancshares, Inc., Town and Country, Missouri -- change in bank control of Saint Louis Bancshares, Inc., and its subsidiary, Saint Louis Bank, Town and Country, Missouri.
- Withdrawn, May 4, 2018
Crossroads Bancorp, Inc., Mount Washington, Kentucky -- to retain control of Crossroads Bancorp, Inc., and its subsidiary, Peoples Bank Mt. Washington, Mount Washington.
- Permitted, March 2, 2018
Lake Valley Bancorp, Inc., Taylorsville, Kentucky -- to retain control of Lake Valley Bancorp, Inc., and its subsidiary, The Peoples Bank, Taylorsville.
- Permitted, March 2, 2018
Iuka Bancshares Inc., Salem, Illinois -- change in bank control of Iuka Bancshares, Inc., and its subsidiary, The Iuka State Bank, Iuka.
- Permitted, January 11, 2018
Extensions Of Time
First Capital, Inc., Corydon, Indiana -- extension to August 8, 2018, to become a bank holding company through the conversion of First Harrison Bank, Corydon, from a federal savings bank to a state-chartered commercial bank; and election to become a financial holding company.
- Granted, April 18, 2018
Midland States Bank, Effingham, Illinois -- extension to July 5, 2018, to merge with Alpine Bank & Trust Company, Rockford, and thereby acquire branches.
- Granted, April 11, 2018
M&P Community Bancshares, Inc., 401(k) Employee Stock Ownership Plan, Newport, Arkansas -- extension to June 20, 2018, to acquire additional shares of M&P Community Bancshares, Inc., Newport.
- Granted, March 19, 2018
The McGehee Bank Employee Stock Ownership Plan, McGehee, Arkansas -- extension to Jul 4, 2018, to acquire additional shares of Southeast Financial Bankstock Corp., McGehee, and thereby increase its indirect control of McGehee Bank.
- Granted, March 19, 2018
Legacy Bank & Trust Company, Rogersville, Missouri -- extension to February 28, 2018, to merge with First National Bank of Clinton, Clinton, and retain the acquired facilities as branches.
- Granted, February 9, 2018
First Capital, Inc., Corydon, Indiana -- extension to May 8, 2018, to become a bank holding company through the conversion of First Harrison Bank, Corydon, from a federal savings bank to a state-chartered commercial bank; and election to become a financial holding company.
- Granted, January 24, 2018
First Savings Financial Group, Inc., Clarksville, Indiana -- extension to April 26, 2018, to acquire through merger Dearmin Bancorp, Inc., Odon, and thereby indirectly acquire The First National Bank of Odon; and for First Savings Bank, Clarksville, to merge with The First National Bank of Odon and to retain the acquired facilities as branches.
- Granted, January 17, 2018
Miles Bancshares, Inc., Advance, Missouri -- extension to April 4, 2018, to acquire shares of UBT Bancshares, Inc., Marysville, Kansas, and thereby indirectly acquire United Bank & Trust.
- Granted, January 4, 2018
Cross County Bancshares, Inc., Wynne, Arkansas -- extension to March 28, 2018, to acquire additional shares of Central Bank, Little Rock.
- Granted, January 4, 2018
Membership
Dieterich Bank, National Association, Dieterich, Illinois -- to retain membership in the Federal Reserve System on conversion to a state-chartered bank.
- Approved, May 2, 2018
INSOUTH Bank, Brownsville, Tennessee -- to become a member of the Federal Reserve System.
- Approved, April 12, 2018
Springfield State Bank, Springfield, Kentucky -- to become a member of the Federal Reserve System.
- Approved, February 7, 2018
The Iuka State Bank, Iuka, Illinois -- to become a member of the Federal Reserve System.
- Approved, January 23, 2018
Independence Bank of Kentucky, Owensboro, Kentucky -- to become a member of the Federal Reserve System.
- Approved, January 18, 2018
Banks, State Member
Central Bank of St. Louis, Clayton, Missouri -- to make a public welfare investment.
- Approved, March 21, 2018
The Hardin County Bank, Savannah, Tennessee -- to make a public welfare investment.
- Approved, February 5, 2018
Savings and Loan Holding Companies
Mid-Southern, M.H.C., Salem, Indiana -- to convert to stock form and merge with and into Mid-Southern Bancorp, Inc., Salem (a newly formed savings and loan holding company); subsequently, for Mid-Southern Bancorp, Inc., to acquire Mid-Southern Savings Bank, F.S.B.
- Approved, May 4, 2018

Last Update: May 17, 2018