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 21, 2020


Bank Branches, Domestic

Kansas City
Central Bank of Oklahoma, Tulsa, Oklahoma -- to establish a branch at 8700 South Pennsylvania Avenue, Oklahoma City.
-Approved, November 16, 2020

Bank Holding Companies

Richmond
Blue Ridge Bankshares, Inc., Charlottesville, Virginia -- (1) to acquire Bay Banks of Virginia, Inc., Richmond, and thereby acquire Virginia Commonwealth Bank; and (2) to engage in nonbanking activities through the acquisition of VCB Financial Group, Inc., Kilmarnock.
-Approved, November 17, 2020

Minneapolis
First Holding Company of Park River, Inc., Park River, North Dakota -- to acquire Ramsey National Bank, Devils Lake.
-Approved, November 18, 2020

Dallas
Louise Bancshares, Inc., Louise, Texas -- to acquire Dilley State Bank, Dilley.
-Approved, November 16, 2020

Chicago
Northwood Financial Services Corporation, Northwood, Iowa -- to acquire Titonka Savings Bank, Titonka.
-Approved, November 17, 2020

Banks, Nonmember, and Miscellaneous Institutions

Secretary
Ho-Chunk Incorporated, Winnebago, Nebraska -- relief from certain commitments.
-Granted, November 17, 2020

Secretary
The Eyak Corporation, Anchorage, Alaska -- relief from certain commitments.
-Granted, November 17, 2020

Banks, State Member

San Francisco
East West Bank, Pasadena, California -- to make a public welfare investment.
-Approved, November 19, 2020

New York
Manufacturers and Traders Trust Company, Buffalo, New York -- to make certain public welfare investments (two requests).
-Approved, November 18, 2020

Change in Bank Control

St. Louis
Financial FedCorp, Inc., Memphis, Tennessee -- change in bank control of Financial FedCorp, Inc., and its subsidiary, Financial Federal Bank, Memphis.
-Permitted, November 17, 2020

Atlanta
First Community Bancorp, Inc., Shelbyville, Tennessee -- change in bank control of First Community Bancorp, Inc., and its subsidiary, First Community Bank of Tennessee, Shelbyville.
-Permitted, November 20, 2020

Extensions of Time

Dallas
A.N.B. Holding Company, Ltd., Terrell, Texas -- extension to March 2, 2021, to acquire additional shares of The ANB Corporation, Terrell, and thereby acquire The American National Bank of Texas.
-Granted, November 19, 2020

St. Louis
Arvest Bank, Fayetteville, Arkansas -- extension to August 5, 2021, to establish a branch at 201 Robert S. Kerr Avenue, Oklahoma City, Oklahoma.
-Granted, November 18, 2020

Secretary
Bank of America Corporation, Charlotte, North Carolina -- extension of time to meet certain regulatory reporting requirements.
-Granted, November 4, 2020
(A/C)

Chicago
Marquette Bank, Chicago, Illinois -- extension to August 16, 2020, to establish a branch at 3435 West 111th Street, Chicago.
-Granted, November 16, 2020

St. Louis
The McGehee Bank Employee Stock Ownership Plan, McGehee, Arkansas -- extension to March 16, 2021, to acquire additional shares of Southeast Financial Bankstock Corp., McGehee, and thereby increase its control of McGehee Bank.
-Granted, November 19, 2020

Secretary
Total Loss-Absorbing Capacity (TLAC) Rule -- extension of time for Bank of America Corporation; Wells Fargo & Company; Citigroup, Inc.; The Goldman Sachs Group, Inc.; JPMorgan Chase & Company; Morgan Stanley; The Bank of New York Mellon Corporation; and State Street Corporation to comply with the TLAC rule's clean holding company provisions with respect to certain covered agreements.
-Granted, November 20, 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 -- extension to March 4, 2021, to acquire shares of Woodforest Financial Group, Inc., The Woodlands, and indirectly acquire Woodforest National Bank.
-Granted, November 20, 2020

Financial Holding Companies

Dallas
R Corp Financial, Round Rock, Texas -- election to become a financial holding company.
-Effective, November 19, 2020

Regulations and Policies

Secretary
Regulation Z (Truth in Lending) -- final interagency determination of the threshold for exempting certain loans from special appraisal requirements for higher-priced mortgages during 2021.
-Approved, November 11, 2020
(A/C)

Secretary
Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) -- final interagency amendments to establish dollar thresholds that will apply for determining exempt consumer credit and lease transactions in 2021.
-Approved, November 11, 2020
(A/C)

Savings and Loan Holding Companies

Director, S&R
Charles Schwab Corporation, San Francisco, California -- redemption of preferred stock.
-Approved, November 10, 2020
(A/C)

Cleveland
First Mutual Holding Co., Lakewood, Ohio -- to acquire Martinsville First Savings Bank, Martinsville, Virginia.
-Approved, November 18, 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