Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

Actions under delegated authority

Actions taken during the week ending September 3, 2016


Bank Branches, Domestic

Chicago
Central Bank, Storm Lake, Iowa -- to establish a branch at 400 Gold Circle Drive, Dakota Dunes, South Dakota.
-Approved, September 1, 2016

Kansas City
The Community State Bank, Poteau, Oklahoma -- to establish a branch at 502 West Main Street, Wilburton, and to increase its investment in bank premises.
-Withdrawn, August 29, 2016

Bank Holding Companies

Atlanta
Employee Stock Ownership Trust of People's Bank and Trust Company of Pickett County, Byrdstown, Tennessee -- to acquire additional shares of Upper Cumberland Bancshares, Inc., Byrdstown, and its subsidiaries, People's Bank and Trust Company of Pickett County and People's Bank and Trust Company of Clinton County, Albany, Kentucky.
-Approved, August 31, 2016

Minneapolis
Farmers & Merchants Agency, Inc., Pierz, Minnesota -- to merge with Eden Valley Bancshares, Inc., Eden Valley, and thereby indirectly acquire State Bank in Eden Valley.
-Approved, September 2, 2016

Kansas City
HYS Investments, LLC, Topeka, Kansas -- to increase its control of BOTS, Inc., Topeka, and its subsidiary, VisionBank.
-Approved, September 1, 2016

Atlanta
Millennium Bancshares, Inc., Ooltewah, Tennessee -- to become a bank holding company by acquiring Millennium Bank, Ooltewah.
-Approved, August 30, 2016

Atlanta
Progressive Financial Group, Inc., Jamestown, Tennessee -- to acquire shares of Upper Cumberland Bancshares, Inc., Byrdstown, and its subsidiaries, People's Bank and Trust Company of Pickett County, Byrdstown, and Peoples Bank & Trust Company of Clinton County, Albany, Kentucky.
-Approved, September 2, 2016

Atlanta
Progressive Financial Group, Inc., Jamestown, Tennessee -- to become a bank holding company by acquiring Progressive Savings Bank, Jamestown.
-Approved, September 2, 2016

Dallas
WSB Bancshares, Inc., Wellington, Texas -- to acquire First Dalhart Bancshares, Inc., Dalhart, and indirectly acquire First National Bank in Dalhart.
-Approved, August 31, 2016

Bank Mergers

San Francisco
Commencement Bank, Tacoma, Washington -- to merge with Thurston First Bank, Olympia, and thereby establish a branch.
-Approved, September 2, 2016

Chicago
Fort Madison Bank & Trust Co., Fort Madison, Iowa -- to merge with Keokuk Savings Bank and Trust Company, Keokuk, and thereby establish branches.
-Approved, August 29, 2016

Dallas
Wellington State Bank, Wellington, Texas -- to merge with First National Bank in Dalhart, Dalhart, and thereby establish a branch.
-Approved, August 31, 2016

Bank Premises

Richmond
Clear Mountain Bank, Bruceton Mills, West Virginia -- request to exceed the limit on investment in bank premises.
-Approved, August 30, 2016

Banks, Nonmember, and Miscellaneous Institutions

Director, BS&R
Castle Creek Capital, Rancho Santa Fe, California, et al. -- relief from certain commitments.
-Granted, August 29, 2016

Director, BS&R
EJF Capital LLC, Arlington, Virginia, et al. -- relief from certain commitments.
-Granted, August 30, 2016

Director, BS&R
Jacobs Asset Management, LLC, New York, New York, et al. -- relief from certain commitments.
-Granted, August 29, 2016

Director, BS&R
Mayo Clinic, Rochester, Minnesota, et al. -- relief from certain commitments.
-Granted, August 31, 2016

Banks, State Member

Dallas
Comerica Bank, Dallas, Texas -- to make a community development and public welfare investment.
-Approved, August 31, 2016

Chicago
First Farmers Bank & Trust, Converse, Indiana -- to make a public welfare investment.
-Approved, August 29, 2016

Change in Bank Control

Minneapolis
Guaranty Development Company, Livingston, Montana -- to retain control of Guaranty Development Company and its subsidiary, American Bank, Bozeman.
-Permitted, August 29, 2016

Minneapolis
Peoples State Bancorp, Inc., Munising, Michigan -- to retain control of Peoples State Bancorp, Inc., and its subsidiary, Peoples State Bank of Munising, Munising.
-Permitted, August 29, 2016

Kansas City
Platte Valley Cattle Company, Grand Island, Nebraska -- to retain control of Platte Valley Cattle Company and its subsidiary, Town and Country Bank, Ravenna.
-Permitted, August 31, 2016

St. Louis
Prescott Bancshares, Inc., Prescott, Arkansas -- change in bank control of Prescott Bancshares, Inc., and its subsidiary, Bank of Prescott, Prescott.
-Permitted, September 1, 2016

Kansas City
Roxbury Bancshares, Inc., Roxbury, Kansas -- change in bank control of Roxbury Bancshares, Inc., and its subsidiary, Roxbury Bank, Roxbury.
-Withdrawn, September 1, 2016

Kansas City
Vision Bancshares, Inc., Ada, Oklahoma -- change in bank control of Vision Bancshares, Inc., and its subsidiary, Vision Bank, N.A., Ada.
-Permitted, September 1, 2016

Extensions of Time

Secretary
BNC Bancorp, High Point, North Carolina -- commenter's request to extend the comment period on the application to acquire High Point Bank Corporation, High Point, and thereby indirectly acquire High Point Bank and Trust Company.
-Denied, August 31, 2016

Director, BS&R
Lloyds Banking Group plc, London, United Kingdom -- extension of time to conform or divest a merchant banking investment.
-Granted, September 1, 2016

Financial Holding Companies

Cleveland
Citizens National Corporation, Paintsville, Kentucky -- election to become a financial holding company.
-Effective, September 1, 2016

Minneapolis
Midwest Bank Group, Inc., Detroit Lakes, Minnesota -- election to become a financial holding company.
-Effective, September 2, 2016

Chicago
West Bancorporation, Inc., West Des Moines, Iowa -- election to become a financial holding company.
-Effective, September 1, 2016

Release dates | Full version (300 KB PDF)
Board Actions | Actions under delegated authority
Applications and reports received:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco