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 November 17, 2018


Bank Branches, Domestic

Cleveland
Fifth Third Bank, Cincinnati, Ohio -- to establish a branch at 6700 Fairview Road, Charlotte, North Carolina.
-Approved, November 15, 2018

Philadelphia
Orrstown Bank, Shippensburg, Pennsylvania -- to establish a branch at 920 Lititz Pike, Lititz.
-Approved, November 15, 2018

St. Louis
Peoples Bank & Trust Co., Troy, Missouri -- to establish a branch at 1497 Cottleville Parkway, Cottleville.
-Approved, November 14, 2018

Bank Holding Companies

Richmond
Carolina Trust Bancshares, Inc., Lincolnton, North Carolina -- to acquire Clover Community Bankshares, Inc., Clover, South Carolina, and thereby acquire Clover Community Bank.
-Approved, November 14, 2018

Kansas City
Equitable Financial Corp., Grand Island, Nebraska -- to become a bank holding company through the acquisition of Equitable Bank, Grand Island.
-Approved, November 13, 2018

San Francisco
Jiko Group, Inc., Berkeley, California -- to become a bank holding company by acquiring Mid-Central Federal Savings Bank, Wadena, Minnesota, and to engage de novo through its subsidiaries Jiko Technologies Inc., Berkley, and Jiko Securities, Inc., in data processing activities and agency transactional services for customer investments and to engage de novo in investment transactions as principal.
-Returned, November 15, 2018

Minneapolis
Kimberly Leasing Corporation, Augusta, Wisconsin -- to merge with Augusta Financial Corporation, Augusta, and Caprice Corporation, and thereby indirectly acquire Unity Bank and Unity Bank North, Red Lake Falls, Minnesota.
-Approved, November 13, 2018

General Counsel
King Bancshares Inc., Kingman, Kansas -- waiver of application to acquire First Team Resources Corporation, Derby, and Verus Bank, in connection with Verus Bank's merger with and into Citizens Bank of Kansas, Kingman.
-Granted, November 13, 2018

General Counsel
Lakeland Bancorp, Inc., Oak Ridge, New Jersey -- waiver of application to acquire Highlands Bancorp, Vernon, and Highlands State Bank (Highlands Bank), in connection with Highlands Bank's merger with and into Lakeland Bank, Newfoundland.
-Granted, November 15, 2018

Bank Mergers

Richmond
Bay-Vanguard, MHC, Sparrows Point, Maryland, and BV Financial, Inc. -- to acquire Kopernik Bank, Baltimore.
-Withdrawn, November 14, 2018

Kansas City
Citizens Bank of Kansas, Kingman, Kansas -- to merge with Verus Bank, Derby, and thereby establish branches.
-Approved, November 15, 2018

Kansas City
First State Bank Nebraska, Lincoln, Nebraska -- to merge with The Nehawka Bank, Nehawka, and thereby establish branches.
-Approved, November 16, 2018

Banks, State Member

St. Louis
Central Bank of St. Louis, Clayton, Missouri -- to make a public welfare investment.
-Approved, November 15, 2018

International Operations

Director, S&R
Wells Fargo, National Association, Sioux Falls, South Dakota, and Wells Fargo International Finance, LLC, Charlotte, North Carolina -- request for termination of an agreement with the Board.
-Approved, November 15, 2018

Regulations and Policies

Secretary
Regulation I (Issue and Cancellation of Federal Reserve Bank Capital Stock) -- final rule to apply an inflation adjustment to the asset threshold at which banks are subject to different dividend rates for their Federal Reserve Bank stock.
-Approved, November 14, 2018

Savings and Loan Holding Companies

General Counsel
State Farm Mutual Automobile Insurance Company, Bloomington, Illinois -- exemption requests to permit two individuals to become institution-affiliated parties (two requests).
-Granted, November 16, 2018

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