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 July 25, 2026
Bank Branches, Domestic
Boston
BankNewport, Newport, Rhode Island -- to establish a branch at 150 Old Tower Hill Road, Wakefield, Rhode Island.
Approved: July 22, 2026
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 3001 South Lamar Boulevard, Austin, Texas.
Approved: July 23, 2026
St. Louis
The Central Trust Bank, Jefferson City, Missouri -- to establish a branch at 338 South Kirkwood Road, Kirkwood, Missouri.
Approved: July 24, 2026
The Central Trust Bank, Jefferson City, Missouri -- to establish a branch at 2180 Highway 67, Florissant, Missouri.
Approved: July 21, 2026
Bank Holding Companies
Atlanta
Private Financial, Inc., Gainesville, Georgia -- to become a bank holding company by acquiring Private Bank & Trust (a de novo bank), Gainesville, Georgia.
Approved: July 20, 2026
Chicago
Barnes Bancorp, Inc., Mount Vernon, Iowa -- to become a bank holding company by acquiring Community State Bank, Paton, Iowa.
Approved: July 22, 2026
Fidelity Ban Corporation, Independence, Iowa -- to acquire Welcome State Bank, Welcome, Minnesota.
Approved: July 20, 2026
Banks, State Member
New York
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: July 20, 2026
Change in Bank Control
Cleveland
The Corn City State Bank, Deshler, Ohio -- Danelda H. Drewes Trust, Danelda H. Drewes, as trustee, Robert L. Drewes Trust, Robert L. Drewes, as trustee, Mark R. Drewes, Melody S. Drewes, Darcy R. Krassow, and Tyler J. Krassow, all of Custar, Ohio; Rhonda L. Hogrefe, Roger L. Hogrefe, Nicholas D. Hogrefe, Charity H. Hogrefe, Monica L. Socha, and Marc S. Socha, all of Bowling Green, Ohio; Lynette M. Behrman and Herbert A. Behrman, both of Hamler, Ohio; Lorna I. Behrman, Malinta, Ohio; Tyler R. Drewes and Whitni C. Drewes, both of Deshler, Ohio; Chase L. Drewes and Laura J. Drewes, both of McComb, Ohio; and Alexander L. Hogrefe and Kimberly S. Hogrefe, both of Arlington, Massachusetts, as members of the Drewes Family Control Group, a group acting in concert, to retain voting shares of The Corn City State Bank, Deshler, Ohio.
Permitted: July 20, 2026
Richmond
M&F Bancorp, Inc., Durham, North Carolina -- Exploration Capital Fund, L.P.; Exploration Capital General Partner, LLC; and Exploration Capital, LLC, all of Salt Lake City, Utah, and Stephen Gustin, Vineyard, Utah, to retain voting shares of M&F Bancorp, Inc., and thereby indirectly retain voting shares of Mechanics & Farmers Bank, Durham, North Carolina.
Withdrawn: July 24, 2026
St. Louis
Brighton Bancorp, Inc., Brighton, Tennessee -- Ismet (Michael) I. Sema, Miami Beach, Florida, to retain voting shares of Brighton Bancorp, Inc., and thereby indirectly retain voting shares of Brighton Bank, Brighton, Tennessee.
Permitted: July 22, 2026
Membership
Boston
Fidelity Co-operative Bank, Leominster, Massachusetts -- to become a member of the Federal Reserve System.
Approved: July 20, 2026