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 5, 2020


Bank Branches, Domestic

Cleveland
Whitaker Bank, Inc., Lexington, Kentucky -- to establish a branch at 218 West Main Street, Danville.
-Approved, August 26, 2020
(A/C)

Bank Holding Companies

Richmond
Bay-Vanguard, MHC, Sparrows Point, Maryland, and BV Financial, Inc. -- to acquire Delmarva Bancshares, Inc., Cambridge, and thereby indirectly acquire 1880 Bank.
-Approved, September 4, 2020

Minneapolis
First Holding Company of Park River, Inc., Park River, North Dakota -- to indirectly retain, through its subsidiary bank, First United Bank, Park River, shares of AccuData Services, Inc.
-Approved, September 1, 2020

San Francisco
GBank Financial Holdings Inc., Las Vegas, Nevada -- to acquire Bankcard Services LLC, Las Vegas, and thereby indirectly engage in data processing activities.
-Withdrawn, September 2, 2020

San Francisco
GUVJEC Investment Corporation, Baltimore, Maryland -- to become a bank holding company by acquiring Farmington Bancorp, Bothell, Washington, and thereby indirectly acquire Farmington State Bank, Farmington.
-Approved, September 4, 2020

Dallas
Woodforest Financial Group Employee Stock Ownership Plan (with 401(k) Provisions) (Amended and Restated Eff. 01/01/16), The Woodlands, Texas, and Woodforest Financial Group Employee Stock Ownership Trust -- to acquire shares of Woodforest Financial Group, Inc., The Woodlands, and indirectly acquire Woodforest National Bank.
-Approved, September 4, 2020

Bank Mergers

Minneapolis
Frandsen Bank & Trust, Lonsdale, Minnesota -- to merge with Peoples Bank Midwest, Hayward, Wisconsin, and thereby establish branches.
-Approved, September 2, 2020

Banks, State Member

San Francisco
East West Bank, Pasadena, California -- to make a public welfare investment.
-Approved, September 1, 2020

San Francisco
Silicon Valley Bank, Santa Clara, California -- to make a public welfare investment.
-Withdrawn, September 2, 2020

San Francisco
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
-Approved, September 3, 2020

Extensions of Time

Secretary
Flood Insurance -- extension of the comment period to November 3, 2020, for the Interagency Questions and Answers Regarding Flood Insurance.
-Granted, August 31, 2020

St. Louis
The McGehee Bank Employee Stock Ownership Plan, McGehee, Arkansas -- extension to December 16, 2020, to acquire additional shares of Southeast Financial Bankstock Corp., McGehee, and thereby increase its indirect control of McGehee Bank.
-Granted, September 3, 2020

Director, S&R
Wells Fargo & Company, San Francisco, California -- extension of time to conform or divest a merchant banking investment.
-Granted, September 3, 2020

Savings and Loan Holding Companies

Chicago
Forward Mutual Holding Company, Marshfield, Wisconsin, and Forward Financial, Inc. -- (1) to convert from bank holding companies to a mutual holding company and a mid-tier stock savings and loan holding company, respectively, through the retention of Forward Bank, Marshfield, a state savings bank, and (2) to indirectly engage in real estate development and management activities through the retention of Hometown Community Development Corp.
-Approved, August 31, 2020

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