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 March 23, 2019


Bank Branches, Domestic

Atlanta
SunTrust Bank, Atlanta, Georgia -- to establish branches at 6308 Falls of Neuse Road, Raleigh, North Carolina; 126 West Center Avenue, Sebring, Florida; 520 17th Street NW, Atlanta; 6707-A Ritchie Highway, Baltimore, Maryland; and mobile branches at 5750 NW 183rd Street, Hialeah, Florida, and 2520 NW Sixth Street, Fort Lauderdale.
-Approved, March 21, 2019

Chicago
West Michigan Community Bank, Hudsonville, Michigan -- to establish a branch at 4797 Cascade Road SE, Grand Rapids.
-Approved, March 21, 2019

Bank Holding Companies

General Counsel
Berkshire Hills Bancorp, Inc., Boston, Massachusetts -- waiver of application to acquire SI Financial Group, Inc., Willimantic, Connecticut, and Savings Institute Bank and Trust Company (Bank), in connection with Bank's merger with and into Berkshire Bank, Pittsfield, Massachusetts.
-Granted, March 20, 2019

General Counsel
Commerce Bancorp, Inc., Greenwood, Mississippi -- waiver of application to acquire Peoples Commerce Corporation, North Carrollton, and The Peoples Bank & Trust Company (Peoples Bank), in connection with Peoples Bank's merger with and into Bank of Commerce, Greenwood.
-Granted, March 20, 2019

General Counsel
First Citizens BancShares, Inc., Raleigh, North Carolina, and First-Citizens Bank & Trust Company (FC Bank) -- waiver of application to acquire First South Bancorp, Inc., Spartanburg, South Carolina, and First South Bank (Bank), in connection with Bank's merger with and into FC Bank.
-Granted, March 19, 2019

Chicago
Greenwoods Financial Group, Inc., Lake Mills, Wisconsin -- to acquire Fox River Financial Corporation, Burlington, and thereby indirectly acquire Fox River State Bank.
-Approved, March 18, 2019

General Counsel
Heartland Financial USA, Inc., Dubuque, Iowa -- waiver of application to acquire Blue Valley Ban Corp., Overland Park, Kansas, and Bank of Blue Valley (Bank), in connection with Bank's merger with and into Morrill & Janes Bank and Trust Company, Merriam, Kansas.
-Granted, March 18, 2019

General Counsel
Horizon Bancorp, Inc., Michigan City, Indiana -- waiver of application to acquire Salin Bancshares, Inc., Indianapolis, and Salin Bank and Trust Co. (Salin Bank), in connection with Salin Bank's merger with and into Horizon Bank, Michigan City.
-Granted, March 19, 2019

Bank Mergers

Minneapolis
Frandsen Bank & Trust, Lonsdale, Minnesota -- to purchase certain assets and assume certain liabilities of the Duluth branch of Alerus Financial, N.A., Grand Forks, North Dakota, and thereby establish a branch at 331 West Superior Street, Duluth.
-Approved, March 19, 2019

Change in Bank Control

Atlanta
CCB Bancshares, Inc., Hahira, Georgia -- to retain control of CCB Bancshares, Inc., and its subsidiary, Citizens Community Bank, Hahira.
-Permitted, March 19, 2019

Minneapolis
First Financial Corporation, Arthur, North Dakota -- change in bank control of First Financial Corporation and its subsidiary, Bank North, Arthur.
-Permitted, March 22, 2019

Minneapolis
Gale Bank Holding Company, Inc., Galesville, Wisconsin -- to retain control of Gale Bank Holding Company, Inc., and its subsidiary, Bluff View Bank, Galesville.
-Permitted, March 21, 2019

Chicago
Horizon Bancorp, Inc., Michigan City, Indiana -- change in bank control of Horizon Bancorp, Inc., and its subsidiary, Horizon Bank, Michigan City.
-Permitted, March 19, 2019

Kansas City
Sturm Financial Group, Inc., Denver, Colorado -- change in bank control of Sturm Financial Group, Inc., and its subsidiary, ANB Bank, Denver.
-Permitted, March 22, 2019

Extensions of Time

Cleveland
Buckeye State Bancshares, Inc., Powell, Ohio -- extension to March 20, 2019, to become a bank holding company by acquiring Buckeye State Bank, Powell.
-Granted, March 19, 2019

Financial Holding Companies

Chicago
Foresight Financial Group, Inc., Winnebago, Illinois -- election to become a financial holding company.
-Effective, March 22, 2019

International Operations

Director, S&R
Citibank, N.A., Sioux Falls, South Dakota -- waiver of remainder of the prior-notification period to make an investment in a special-purpose vehicle in London, United Kingdom.
-Granted, March 19, 2019

Membership

Chicago
Peoples Bank, Clive, Iowa -- to become a member of the Federal Reserve System.
-Approved, March 19, 2019

Savings and Loan Holding Companies

Philadelphia
RBI Holdings, Inc., Roseville, Michigan -- to form a savings and loan holding company and, subsequently, to acquire shares of PrinCap Holdings One, LLC, Ewing, New Jersey, which controls Resolute Bank, Maumee, Ohio.
-Withdrawn, March 22, 2019

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