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

Bank Branches, Domestic
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
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 Southwest Bank, Fort Worth, Texas, and to retain the acquired facilities as branches.
- Approved, January 2, 2018
Change In Bank Control
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
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
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
The Hardin County Bank, Savannah, Tennessee -- to make a public welfare investment.
- Approved, February 5, 2018

Last Update: February 22, 2018