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 October 7, 2017


Bank Branches, Domestic

Dallas
American State Bank, Arp, Texas -- to establish a branch at 2501 South Main Street, Lindale.
-Approved, October 3, 2017

New York
Banco Popular North America, New York, New York -- to establish a branch at 350 Southeast 2nd Street, Fort Lauderdale, Florida.
-Withdrawn, October 6, 2017

Chicago
ChoiceOne Bank, Sparta, Michigan -- to establish a branch at 330 Market Avenue SW, Grand Rapids.
-Approved, October 2, 2017

Minneapolis
Farmers State Bank, Victor, Montana -- to establish a branch at 1040 Partridge Place, Helena.
-Approved, October 6, 2017

Atlanta
First Home Bank, Seminole, Florida -- to establish a branch at 2520 Countryside Boulevard, Clearwater.
-Approved, October 3, 2017

Secretary
IBERIABANK, Lafayette, Louisiana -- to establish a branch at 804 Green Valley Road, Greensboro, North Carolina.
-Approved, October 2, 2017

Bank Holding Companies

Richmond
CapGen Capital Group VI LLC, New York, New York, and CapGen Capital Group VI LP -- to acquire shares of Union Bankshares Corporation, Richmond, Virginia, and thereby indirectly control Union Bank & Trust.
-Approved, October 5, 2017

General Counsel
CBOA Financial, Inc., Tucson, Arizona -- request for an exemption to permit an individual to become an institution-affiliated party.
-Granted, October 5, 2017

Atlanta
Seacoast Banking Corporation of Florida, Stuart, Florida -- to merge with NorthStar Banking Corporation, Tampa, and thereby acquire NorthStar Bank.
-Approved, October 4, 2017

Richmond
Union Bankshares Corporation, Richmond, Virginia -- to acquire Xenith Bankshares, Inc., Richmond, and thereby indirectly acquire Xenith Bank; and for Union Bank & Trust to merge with Xenith Bank and thereby establish branches.
-Approved, October 5, 2017

New York
Valley National Bancorp, Wayne, New Jersey -- to merge with USAmeriBancorp, Clearwater, Florida, and thereby indirectly acquire USAmeriBank.
-Approved, October 2, 2017

Bank Mergers

Philadelphia
First Citizens Community Bank, Mansfield, Pennsylvania -- to purchase the assets and assume the liabilities of the 141 West Beaver Avenue, State College, branch of S&T Bank, Indiana, and thereby establish a branch.
-Approved, October 6, 2017

Banks, Nonmember, and Miscellaneous Institutions

Director, S&R
Maltese Capital Management, LLC, New York, New York, et al. -- relief from certain commitments (four requests).
-Granted, October 4, 2017

Banks, State Member

Dallas
Comerica Bank, Dallas, Texas -- to make certain community development and public welfare investments (two requests).
-Approved, October 3, 2017

Director, S&R
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
-Approved, October 3, 2017

Change in Bank Control

Dallas
Live Oak Bancshares Corporation, George West, Texas -- change in bank control of Live Oak Bancshares Corporation and its subsidiary, South Trust Bank, N.A., George West.
-Permitted, October 3, 2017

Extensions of Time

Chicago
Bank First National Corporation, Manitowoc, Wisconsin -- extension to October 14, 2017, to acquire via merger Waupaca Bancorporation, Inc., Waupaca, and thereby indirectly acquire First National Bank.
-Granted, October 2, 2017

Minneapolis
Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota -- extension to January 10, 2018, to acquire shares of Security State Bank Holding Company, Fargo, and thereby indirectly gain control of Bank Forward, Hannaford.
-Granted, October 5, 2017

St. Louis
Centennial Bank, Conway, Arkansas -- extension to January 3, 2018, to establish a branch at 2400 Aggie Road, Jonesboro.
-Granted, October 5, 2017

St. Louis
Cross County Bancshares, Inc., Wynne, Arkansas -- extension to December 28, 2017, to acquire additional shares of Central Bank, Little Rock.
-Granted, October 2, 2017

Secretary
Large Financial Institution Rating System -- extension to November 30, 2017, of the comment period on a proposed new rating system for supervision of large financial institutions.
-Approved, October 5, 2017

Secretary
Supervisory Guidance for Boards of Directors -- extension to November 30, 2017, of the comment period on proposed guidance on supervisory expectations for boards of directors of firms supervised by the Federal Reserve.
-Approved, October 5, 2017

Financial Holding Companies

New York
Lyons Bancorp, Inc., Lyons, New York -- election to become a financial holding company.
-Effective, October 5, 2017

Richmond
Premier Financial Bancorp, Inc., Huntington, West Virginia -- election to become a financial holding company.
-Effective, October 5, 2017

Membership

Boston
Cornerstone Bank, Spencer, Massachusetts -- to become a member of the Federal Reserve System.
-Approved, October 5, 2017

Reserve Bank Services

Director, RBOPS
Policy on Payment System Risk (PSR) -- revision of the PSR policy's posting rules for same-day automated clearing house transactions to conform to a decision of the Treasury's Fiscal Service to allow federal agencies to originate and receive same-day entries beginning September 15, 2017.
-Approved, October 3, 2017

Savings and Loan Holding Companies

General Counsel
State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- request for an exemption to permit an individual to become an institution-affiliated party (two requests).
-Granted, October 5, 2017

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