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 25, 2025
Bank Branches, Domestic
Kansas City
Battle Creek State Bank, Battle Creek, Nebraska -- to establish a branch at 344 Northeast 32, Oakland, Nebraska.
Approved: October 23, 2025
Richmond
Benchmark Community Bank, Kenbridge, Virginia -- to establish a branch at 140 Main Street, Oxford, North Carolina, and to increase its investment in bank premises.
Approved: October 21, 2025
San Francisco
Commonwealth Business Bank, Los Angeles, California -- to establish a branch at 156-44D Northern Boulevard, Flushing, New York.
Approved: October 20, 2025
Bank Holding Companies
Atlanta
American Bancorp, Inc., Macon, Georgia -- to merge with New Republic Partners, Inc., and thereby indirectly acquire New Republic Bank, both of Charlotte, North Carolina.
Approved: October 23, 2025
Anchor Bancorp, Inc., Palm Beach Gardens, Florida -- partial relief from a commitment.*
Granted: October 10, 2025
*Addition
Investar Holding Corporation, Baton Rouge, Louisiana -- waiver of application to acquire and merge with Wichita Falls Bancshares, Inc., Wichita Falls, Texas, in connection with the merger of First National Bank, Wichita Falls, Texas, with and into Investar Bank, National Association, Baton Rouge, Louisiana.
Granted: October 21, 2025
Boston
NB Bancorp, Inc., Needham, Massachusetts -- waiver of application to acquire Provident Bancorp and thereby indirectly acquire BankProv, both of Amesbury, Massachusetts, in connection with the merger of BankProv with and into Needham Bank, Needham, Massachusetts.
Granted: October 20, 2025
Dallas
Daingerfield Holding Company, Daingerfield, Texas -- to engage de novo in extending credit and lending activities pursuant to section 225.28(b)(1) of Regulation Y.*
Approved: October 14, 2025
*Addition
Director, S&R
Sumitomo Mitsui Trust Group, Inc. (formerly known as Sumitomo Mitsui Trust Holdings, Inc.), and Sumitomo Mitsui Trust Bank, Limited, both of Tokyo, Japan -- relief from commitments.
Granted: October 24, 2025
Kansas City
Equity Bancshares, Inc., Wichita, Kansas -- waiver of application to acquire Frontier Holdings, LLC, and its subsidiary, Frontier Bank, both of Omaha, Nebraska, in connection with the merger of Frontier Bank with and into Equity Bank, Andover, Kansas.*
Granted: October 15, 2025
*Addition
Vast Holdings, Inc. (Vast Holdings), Tulsa, Oklahoma -- Vast Holdings and Robert Gregory Kidd, Crystal Bay, Nevada, relief from certain commitments.*
Granted: October 17, 2025
*Addition
Minneapolis
Western State Agency, Inc., Employee Stock Ownership Plan and Trust, Devils Lake, North Dakota -- request by Gary J. Lochow for relief from a commitment.*
Granted: October 15, 2025
*Addition
Secretary
TNB Bancshares, Inc., Mercedes, Texas -- waiver of application to acquire Citizens State Bank (Citizens), Roma, Texas, in connection with the merger of Citizens with and into Texas National Bank, Mercedes, Texas.
Granted: October 22, 2025
St. Louis
New Independent Bancshares, Inc., New Washington, Indiana -- waiver of application to acquire State Bank of Medora, Medora, Indiana, in connection with the merger of State Bank of Medora with and into New Washington State Bank, New Washington, Indiana.
Granted: October 24, 2025
Bank Mergers
Boston
Needham Bank, Needham, Massachusetts -- to merge with BankProv, Amesbury, Massachusetts, and thereby establish branches at the locations of BankProv.
Approved: October 20, 2025
Kansas City
Equity Bank, Andover, Kansas -- to merge with Frontier Bank, Omaha, Nebraska, and incident thereto, to establish branches in Madison, Norfolk, Pender, Omaha, Lincoln, and Falls City, all in Nebraska.*
Approved: October 15, 2025
*Addition
Banks, State Member
Dallas
Charles Schwab Bank, SSB, Westlake, Texas -- to make a public welfare investment (two requests).
Approved: October 23, 2025
Comerica Bank, Dallas, Texas -- to make a public welfare investment.
Approved: October 23, 2025
New York
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment (two requests).
Approved: October 23, 2025
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment (two requests).
Approved: October 21, 2025
San Francisco
East West Bank, Pasadena, California -- to make a public welfare investment.*
Approved: October 16, 2025
*Addition
St. Louis
Cadence Bank, Tupelo, Mississippi -- to make a public welfare investment.
Approved: October 20, 2025
Change in Bank Control
Atlanta
Financial Corporation of Louisiana, Crowley, Louisiana -- Charlotte Moody Leonards, Elizabeth Moody Gielen, and Valerie Moody Hensgens, all of Crowley, Louisiana; Rosalind Moody Robertson, Braxton I. Moody, IV, Beverly Moody Lagroue, Katherine Moody Hundley, Kevin Moody, Stephen Michael Moody, Richard Kevin Moody, II, Benjamin Armstrong Moody, Katherine Moody McCormick, and Caroline Moody Jones, all of Lafayette, Louisiana; to become members of the Moody Family Control Group, a group acting in concert, to retain voting shares of Financial Corporation of Louisiana, and thereby indirectly retain voting shares of Rayne State Bank & Trust Company, Rayne, Louisiana.
Permitted: October 24, 2025
Cleveland
Peoples National Bancshares, Inc., New Lexington, Ohio -- Larry Lindamood, as an individual and in his capacity as trustee of The Lindamood Family Trust and the lntervivos Trust of Marvin A. Lindamood, New Lexington, Ohio; Maeanna Lindamood, in her capacity as trustee of The Lindamood Family Trust, New Lexington, Ohio; Patricia Weese, as an individual and in her capacity as trustee of the lntervivos Trust of Marvin A. Lindamood, New Lexington, Ohio; Ashley Nash, New Lexington, Ohio; Christopher Weese, New Lexington, Ohio; and Phillip Weese, San Diego, California, to retain outstanding shares of and thereby control Peoples National Bancshares, Inc., and indirectly control Peoples State Bank, New Lexington, Ohio.
Withdrawn: October 22, 2025
Dallas
Marion Bancshares, Inc., Marion, Texas -- Todd R. Staats of Albuquerque, New Mexico, and Shawna L. Pooley of Martindale, Texas, to retain voting shares of Marion Bancshares, Inc., and thereby indirectly retain voting shares of Marion State Bank, Marion, Texas.*
Permitted: October 15, 2025
*Addition
Philadelphia
Quaint Oak Bancorp Inc., Southampton, Pennsylvania -- the Amended and Restated Quaint Oak Bancorp, Inc., Employee Stock Ownership Plan, Southampton, Pennsylvania, John J. Augustine, as co-trustee, Lansdale, Pennsylvania, and Aimee K. Ott, as co-trustee, Newtown, Pennsylvania, to join the Strong Family Group, a group acting in concert, to retain voting shares of Quaint Oak Bancorp, Inc., and thereby indirectly retain voting shares of Quaint Oak Bank, Southampton, Pennsylvania. Aimee K. Ott and John J. Augustine were each previously permitted by the Federal Reserve System to acquire control of voting shares of Quaint Oak Bancorp, Inc.
Permitted: October 24, 2025
St. Louis
Branson Bancshares, Inc., Branson, Missouri -- the Combs Family Revocable Trust Dated March 12, 2015, Kendall L. Combs and Patricia A. Combs, as trustees, all of Hollister, Missouri, to retain voting shares of Branson Bancshares, Inc., and thereby indirectly retain voting shares of Branson Bank, Branson, Missouri.
Permitted: October 20, 2025
Diamond Bancorp, Inc., Washington, Missouri -- Louis B. Eckelkamp, Jr., as trustee of the Bonnie J. Eckelkamp 2020 Irrevocable Family Trust dated 12-31-2020, both of Washington, Missouri; Bonnie J. Eckelkamp, as trustee of the Louis B. Eckelkamp, Jr. 2020 Irrevocable Family Trust dated 12-1-2020, both of Washington, Missouri, and others, as the Eckelkamp Family Control Group, a group acting in concert, to retain voting shares of Diamond Bancorp, Inc., and thereby indirectly retain voting shares of Bank of Washington, Washington, Missouri.
Permitted: October 20, 2025
Membership
St. Louis
Amory Federal Savings and Loan Association, Amory, Mississippi -- to become a member of the Federal Reserve System.
Approved: October 24, 2025
Supervision and Regulation
Director, S&R
KeyCorp, Cleveland, Ohio -- to make certain capital distributions under the capital plan rule.
Approved: October 20, 2025