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 February 27, 2021


Bank Branches, Domestic

Kansas City
Equitable Bank, Grand Island, Nebraska -- to establish a branch at 20112 Pierce Street, Elkhorn.
-Approved, February 26, 2021

Cleveland
Portage Community Bank, Ravenna, Ohio -- to establish a branch at 4183 Tallmadge Road, Rootstown.
-Approved, February 26, 2021

Bank Holding Companies

Minneapolis
Lake Shore III Corporation, Glenwood City, Wisconsin -- through its wholly owned subsidiary, Five-Lakes Acquisition Co., Glenwood City, to acquire Five-Lakes Financial, Inc., Milwaukee, and thereby engage in the nonbanking activities of extending credit, servicing loans, and leasing personal property.
-Approved, February 24, 2021

Richmond
New Republic Partners, Inc., Charlotte, North Carolina -- to engage de novo in financial and investment advisory activities and agency transactional services through a newly formed subsidiary, New Republic Securities, LLC, Charlotte.
-Approved, February 24, 2021

Chicago
PSB Holdings, Inc., Wausau, Wisconsin -- to merge with Waukesha Bankshares, Inc., Waukesha, and thereby indirectly acquire Sunset Bank & Savings.
-Approved, February 25, 2021

New York
SBD Bancorp, Inc., Danbury, Connecticut -- to become a bank holding company by acquiring Savings Bank of Danbury, Danbury.
-Approved, February 25, 2021

Bank Mergers

Richmond
Select Bank, Forest, Virginia -- to purchase certain assets and assume certain liabilities of New Republic Bank, Roanoke Rapids, North Carolina, and thereby establish a branch.
-Approved, February 25, 2021

Banks, State Member

San Francisco
East West Bank, Pasadena, California -- to make a public welfare investment.
-Approved, February 25, 2021

Change in Bank Control

Chicago
Arendt's, Inc., Montezuma, Iowa -- to retain control of Arendt's, Inc. and its subsidiary, Peoples Savings Bank, Montezuma.
-Permitted, February 22, 2021

Chicago
Arneson Bancshares, Inc., Clear Lake, Iowa -- change in bank control of Arneson Bancshares, Inc., and its subsidiary, Clear Lake Bank and Trust Company, Clear Lake.
-Permitted, February 26, 2021

Atlanta
Community Bankshares, Inc., LaGrange, Georgia -- change in bank control of Community Bankshares, Inc., and its subsidiaries, Community Bank and Trust - West Georgia, LaGrange, and Community Bank and Trust - Alabama, Union Springs, Alabama.
-Withdrawn, February 22, 2021

Minneapolis
Fishback Financial Corporation, Brookings, South Dakota -- to retain control of Fishback Financial Corporation and its subsidiary, First Bank & Trust, Brookings.
-Permitted, February 24, 2021

Atlanta
Monticello Bancshares, Inc., Monticello, Georgia -- to retain control of Monticello Bancshares, Inc., and its subsidiary, Bank of Monticello, Monticello.
-Permitted, February 25, 2021

Philadelphia
Synchrony Financial, Stamford, Connecticut -- change in control notice by The Vanguard Group et al. for Synchrony Financial and its subsidiary, Synchrony Bank, Draper, Utah.
-Permitted, February 18, 2021
(A/C)

Extensions of Time

Chicago
Forward Mutual Holding Company, Marshfield, Wisconsin, and Forward Financial, Inc. -- extension to May 31, 2021, (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.
-Granted, February 25, 2021

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 June 4, 2021, to acquire shares of Woodforest Financial Group, Inc., The Woodlands, and indirectly acquire Woodforest National Bank.
-Granted, February 24, 2021

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