FRB: H.2--Actions under delegated authority--Week ending December 19, 2020

Farmers Bank & Trust Company, Magnolia, Arkansas -- to establish a branch at 1375 NE Loop 286, Paris, Texas.
-Approved, December 15, 2020

First Bank, Southern Pines, North Carolina -- to establish a branch at 3620 Six Forks Road, Raleigh.
-Approved, December 16, 2020

Frost Bank, San Antonio, Texas -- to establish branches at 11839 Culebra Road, San Antonio, and 20002 Northwest Freeway, Houston (two applications).
-Approved, December 18, 2020

Peapack-Gladstone Bank, Bedminster, New Jersey -- to establish a branch at 104 Ely Place, Boonton.
-Approved, December 15, 2020

Synovus Bank, Columbus, Georgia -- to establish a branch at 1861 West Tennessee Street, Tallahassee, Florida.
-Approved, December 18, 2020

Univest Bank and Trust Co., Souderton, Pennsylvania -- to establish a branch at 1980 S. Easton Road, Doylestown.
-Approved, December 16, 2020

AgCom Holdings, Inc., Holstein, Iowa -- to become a bank holding company by acquiring Maxwell State Bank, Maxwell.
-Approved, December 16, 2020

PB Bancshares, Inc., Maplewood, Minnesota -- to become a bank holding company by acquiring Premier Bank, Maplewood.
-Approved, December 16, 2020

AmeriState Bank, Atoka, Oklahoma -- (1) to purchase certain assets and assume certain liabilities of a branch of BancFirst, Oklahoma City, located at 101 E. Jackson Street, Hugo, and (2) to increase its investment in bank premises.
-Approved, December 16, 2020

Patriot Financial Partners GP II, L.P., et al., Philadelphia, Pennsylvania -- relief from certain commitments.
-Granted, December 17, 2020

Red Mountain Capital Partners LLC, Los Angeles California, et al. -- relief from certain commitments.
-Granted, December 17, 2020

Ally Bank, Sandy, Utah -- to make a public welfare investment.
-Approved, December 14, 2020

The Bessemer Group, Incorporated, Woodbridge, New Jersey -- change in bank control of The Bessemer Group, Incorporated, and its subsidiaries, Bessemer Trust Company, Woodbridge, and Bessemer Trust Company, National Association, New York, New York.
-Permitted, December 16, 2020

Fairview Bancshares, Inc., Fairview, Oklahoma -- to retain control of Fairview Bancshares, Inc., and its subsidiary, Farmers and Merchants National Bank, Fairview.
-Permitted, December 16, 2020

Grand Capital Corporation, Tulsa, Oklahoma -- change in bank control of Grand Capital Corporation and its subsidiary, Grand Bank, Tulsa.
-Permitted, December 17, 2020

Holcomb Bancorp, Inc., Rochelle, Illinois -- to retain control of Holcomb Bancorp, Inc., and its subsidiary, Holcomb Bank, Rochelle.
-Permitted, December 18, 2020

Jefferson Bancshares, Inc., San Antonio, Texas -- change in bank control of Jefferson Bancshares, Inc., and its subsidiary, Jefferson Bank, San Antonio (two notices).
-Permitted, December 18, 2020

Merit Holdings LLC, Huntsville, Alabama -- change in bank control of Merit Holdings, LLC, and its subsidiary, Merit Bank, Huntsville, Alabama.
-Permitted, December 16, 2020

Milford Bancorporation, Milford, Iowa -- change in bank control of Milford Bancorporation and its subsidiary, United Community Bank, Milford.
-Permitted, December 18, 2020

Pioneer Development Company, Sergeant Bluff, Iowa -- change in bank control of Pioneer Development Company and its subsidiary, Pioneer Bank, Sergeant Bluff.
-Permitted, December 18, 2020

Republic Financial Corporation, Wichita, Kansas -- to retain control of Republic Financial Corporation and its subsidiary, Southwest National Bank, Wichita.
-Permitted, December 14, 2020

Veedersburg Bank Corporation, Veedersburg, Indiana -- to retain control of Veedersburg Bank Corporation and its subsidiary, CentreBank, Veedersburg.
-Permitted, December 15, 2020

Bath State Bancorp Employee Stock Ownership Plan with 401(k) Provisions (ESOP), Bath, Indiana -- extension to April 2, 2021, to become a bank holding company by acquiring shares of Bath State Bancorp, Bath, and thereby acquiring control of Bath State Bank; and for ESOP to engage in extending credit and servicing loans.
-Granted, December 18, 2020

Credit Suisse AG, Zurich, Switzerland -- extension of time to conform or divest a merchant banking investment.
-Granted, December 14, 2020

Morgan Stanley, New York, New York -- extension of time to conform or divest a merchant banking investment.
-Granted, December 17, 2020

First Arkansas Bancshares, Inc., Jacksonville, Arkansas -- election to become a financial holding company.
-Effective, December 14, 2020

The Korea Development Bank, Seoul, Republic of Korea -- election to be treated as a financial holding company.
-Effective, December 17, 2020

Mid-Iowa Bancshares Co., Algona, Iowa -- election to become a financial holding company.
-Effective, December 18, 2020

UniBank, Lynnwood, Washington -- to become a member of the Federal Reserve System.
-Approved, December 17, 2020

Regulation BB (Community Reinvestment) -- interagency annual adjustment to the asset-size thresholds used to define a small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act regulations.
-Approved, December 15, 2020

Actions under delegated authority

Actions taken during the week ending December 19, 2020

Bank Branches, Domestic

Bank Holding Companies

Bank Mergers

Banks, Nonmember, and Miscellaneous Institutions

Banks, State Member

Change in Bank Control

Extensions of Time

Financial Holding Companies

Membership

Regulations and Policies