Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Actions under delegated authority PDF
Actions taken during the week ending October 11, 2025
Bank Branches, Domestic
Secretary
First Financial Bank, Cincinnati, Ohio -- to establish a branch at 1405 West Broadway, Louisville, Kentucky.
Approved: October 7, 2025
First Financial Bank, Cincinnati, Ohio -- to establish a branch at 1215 Superior Avenue, Cleveland, Ohio.
Approved: October 7, 2025
First Financial Bank, Cincinnati, Ohio -- to establish a branch at 305 North Peoria Street, Chicago, Illinois.
Approved: October 7, 2025
St. Louis
The Central Trust Bank, Jefferson City, Missouri -- to establish a branch at 4200 Mexico Road, St. Peters, Missouri.
Approved: October 9, 2025
The Central Trust Bank, Jefferson City, Missouri -- to establish a branch at 220 West Lockwood Avenue, Webster Groves, Missouri.
Approved: October 9, 2025
Bank Holding Companies
Boston
Mutual Bancorp, Hyannis, Massachusetts -- relief from certain commitments.
Granted: October 9, 2025
Richmond
Trustar Bankshares, Inc., McLean, Virginia -- to become a bank holding company through the acquisition of Trustar Bank, Great Falls, Virginia.
Approved: October 9, 2025
Secretary
First Financial Bancorp (First Financial), Cincinnati, Ohio -- waiver of application to acquire Westfield Bancorp, a savings and loan holding company, and Westfield Bank, FSB, both of Westfield Center, Ohio, and to merge Westfield Bancorp with and into First Financial, in connection with the merger of Westfield Bank, FSB, with and into First Financial Bank, Cincinnati, Ohio.
Granted: October 10, 2025
St. Louis
Security Bancorp of Tennessee, Inc., Halls, Tennessee -- to acquire additional voting shares of Patriot of Tennessee Corporation and thereby indirectly acquire voting shares of Patriot Bank, both of Millington, Tennessee.
Approved: October 6, 2025
Bank Mergers
Secretary
First Financial Bank, Cincinnati, Ohio -- to merge with Westfield Bank FSB, Westfield Center, Ohio, and thereby establish branches at the locations of the main office and branches of Westfield Bank FSB.
Approved: October 10, 2025
Banks, Foreign
New York
ICICI Bank Limited, Mumbai, India -- to establish two representative offices in Naperville, Illinois, and Edison, New Jersey, pursuant to section 10(a) of the International Banking Act and section 211.24(a)(2)(i)(B)(2) of Regulation K.*
Approved: October 2, 2025
*Addition
Banks, State Member
San Francisco
Banc of California, Los Angeles, California -- to make a public welfare investment.
Approved: October 9, 2025
St. Louis
Cadence Bank, Tupelo, Mississippi -- to make a public welfare investment (two requests).
Approved: October 8, 2025
Change in Bank Control
Minneapolis
First Holding Company of Cavalier, Inc., Cavalier, North Dakota -- Blake Trenbeath, Oxbow, North Dakota, to join the Mayo Family Group, a group acting in concert, to retain voting shares of First Holding Company of Cavalier, Inc., and thereby indirectly retain voting shares of United Valley Bank, Cavalier, North Dakota.
Permitted: October 8, 2025
St. Louis
Farmers Bancorp, Inc. of Marion, Kentucky, Marion, Kentucky -- Farmers Bank and Trust Company 401(k) Employee Stock Ownership Plan and Trust, Marion, Kentucky, and its trustees, J. Wade Berry, Eddyville, Kentucky, and Christopher E. Cook and Sandra Stephens, both of Marion, Kentucky, a group acting in concert, to retain voting shares of Farmers Bancorp, Inc. of Marion, Kentucky, and thereby indirectly retain voting shares of Farmers Bank & Trust Company, Marion, Kentucky
Permitted: October 6, 2025
Extensions of Time
Director, S&R
Morgan Stanley, New York, New York -- extension of time to conform or divest a merchant banking investment.
Granted: October 6, 2025
Membership
Boston
Ion Bank, Naugatuck, Connecticut -- to become a member of the Federal Reserve System.
Approved: October 8, 2025
Regulations and Policies
General Counsel
Lending and Liquidity Facilities -- reports to Congress under section 13(3) of the Federal Reserve Act in
response to COVID-19.
Approved: October 7, 2025
Supervision and Regulation
Director, S&R
Stress Tests and Large Bank Capital Requirements -- to publicly disclose revised 2025 stress test results and large bank capital requirements.*
Approved: September 29, 2025
*Addition
Director, S&R, and Director, Financial Stability
Stress Test and Stress Capital Buffer (SCB) Requirement -- to provide Morgan Stanley, New York, New York, with (1) a revised explanation of the 2025 stress test results and (2) its final SCB requirement and confirmation of its final planned capital distributions.*
Approved: September 29, 2025
*Addition