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 5, 2019


Bank Branches, Domestic

Kansas City
Cornhusker Bank, Lincoln, Nebraska -- to establish a branch at 11102 Blondo Street, Omaha.
-Approved, October 4, 2019

Bank Holding Companies

Philadelphia
ACNB Corporation, Gettysburg, Pennsylvania -- waiver of application to acquire Frederick County Bancorp, Inc., Frederick, Maryland, and Frederick County Bank (FC Bank), in connection with the merger of FC Bank with and into ACNB Bank, Gettysburg, Pennsylvania.
-Granted, October 4, 2019

Chicago
Associated Banc-Corp, Green Bay, Wisconsin -- waiver of application to acquire First Staunton Bancshares, Staunton, Illinois, and The First National Bank in Staunton (FNB Staunton), in connection with the merger of FNB Staunton with and into Associated Bank, Green Bay, Wisconsin.
-Granted, October 1, 2019

San Francisco
Banner Corporation, Walla Walla, Washington -- waiver of application to acquire AltaPacific Bancorp, Santa Rosa, California, and AltaPacific Bank, in connection with the merger of AltaPacific Bank with and into Banner Bank, Walla Walla, Washington.
-Granted, October 1, 2019

San Francisco
BayCom Corp, Walnut Creek, California -- (1) to merge with TIG Bancorp, Greenwood Village, Colorado, and First State Bank of Colorado (FSB); and (2) for FSB to merge with and into United Business Bank, Walnut Creek and thereby acquire branches.
-Approved, October 1, 2019

Kansas City
Bern Bancshares, Inc., Bern, Kansas -- to acquire shares of UBT Bancshares, Inc., Marysville, and thereby indirectly acquire United Bank & Trust.
-Approved, October 3, 2019

Richmond
Blue Ridge Bankshares, Inc., Luray, Virginia -- to acquire Virginia Community Bankshares, Inc., Louisa, and thereby indirectly acquire Virginia Community Bank.
-Approved, October 4, 2019

Richmond
Carolina Financial Corporation, Charleston, South Carolina -- waiver of application to acquire Carolina Trust BancShares Inc., Lincolnton, North Carolina, and Carolina Trust Bank (CTB), in connection with the merger of CTB with and into CresCom Bank, Charleston, South Carolina.
-Granted, October 2, 2019

Chicago
Discover Financial Services, Riverwoods, Illinois -- to acquire shares through the formation of a subsidiary, DFS Bank, New Castle, Delaware.
-Withdrawn, October 4, 2019

St. Louis
King Harris Bancorp, Inc., Louisville, Kentucky -- to become a bank holding company by acquiring shares of Community Financial of Kentucky, Inc., Lebanon, and thereby indirectly acquire Peoples Bank.
-Approved, October 4, 2019

General Counsel
Live Oak Bancshares, Wilmington, North Carolina -- request for an exemption under the Depository Institution Management Interlocks Act and Regulation L.
-Granted, October 3, 2019

Cleveland
WesBanco, Inc., Wheeling, West Virginia -- waiver of application to acquire Old Line Bancshares, Inc., Bowie, Maryland, and Old Line Bank, in connection with the merger of Old Line Bank with and into WesBanco Bank, Wheeling, West Virginia.
-Granted, September 30, 2019

Chicago
Wintrust Financial Corporation, Rosemont, Illinois -- (1) to acquire SBC, Incorporated, Countryside, and thereby indirectly acquire Countryside Bank; and (2) for Countryside Bank to merge with Hinsdale Bank & Trust Company, Hinsdale, and thereby establish branches.
-Approved, September 30, 2019

Banks, Foreign

Director, S&R
Absa Bank Limited, Johannesburg, South Africa -- to establish a representative office in New York, New York.
-Approved, October 1, 2019

Banks, State Member

New York
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
-Approved, October 3, 2019

Secretary
Platte Valley Bank, Torrington, Wyoming -- to exercise trust powers.
-Approved, October 4, 2019

Change in Bank Control

Atlanta
First Dozier Bancshares, Inc., Dozier, Alabama -- change in bank control of First Dozier Bancshares, Inc., and its subsidiary, First National Bank of Dozier, Dozier.
-Permitted, September 30, 2019

Minneapolis
Frandsen Financial Corporation, Arden Hills, Minnesota -- change in bank control of Frandsen Financial Corporation and its subsidiary, Frandsen Bank and Trust, Lonsdale.
-Permitted, October 2, 2019

Chicago
Lee Capital Corp., Fort Madison, Iowa -- to retain control of Lee Capital Corp. and its subsidiary, Lee County Bank, Fort Madison.
-Permitted, October 1, 2019

Philadelphia
LINKBANCORP, Inc., Camp Hill, Pennsylvania -- change in bank control of LINKBANCORP, Inc., and its subsidiary, LINKBANK, West Chester.
-Permitted, September 30, 2019

Extensions of Time

Kansas City
Central Bank of the Midwest, Lee's Summit, Missouri -- extension to December 31, 2019, to merge with BankLiberty, Liberty, and thereby establish branches.
-Granted, October 3, 2019

Cleveland
North Valley Bank, Zanesville, Ohio -- extension to December 15, 2019, to purchase certain assets and assume certain liabilities associated with two branches of Ohio Valley Bank Company, Gallipolis.
-Granted, September 30, 2019

International Operations

Boston
Banco Santander International, Miami, Florida -- to extend its corporate existence as an Edge corporation, pursuant to section 25A of the Federal Reserve Act.
-Approved, October 3, 2019

New York
The Bank of New York Mellon, New York, New York -- to make an investment pursuant to Regulation K.
-Approved, September 26, 2019
(A/C)

Membership

Secretary
First Tennessee Bank National Association (FTB), Memphis, Tennessee -- to retain membership in the Federal Reserve System on conversion to a state-chartered bank (to be known as First Horizon Bank) and establish the following subsidiaries: FTN Financial Securities Corp.; FTB Advisors Insurance Services, Inc.; First Horizon Insurance Services, Inc.; First Horizon Insurance Agency, Inc.; and FTB Advisors, Inc.
-Approved, October 4, 2019

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.
-Granted, October 4, 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