Actions under delegated authority

Actions taken during the week ending May 8, 2021

Bank Branches, Domestic

St. Louis

Independence Bank of Kentucky, Owensboro, Kentucky -- to establish a branch at 1900 Colonel Sanders Lane, Louisville.
-Returned, May 3, 2021

Secretary

Northern Trust Company, Chicago, Illinois -- to establish a branch at 1801 Post Oak Boulevard, Houston, Texas.
-Approved, May 6, 2021

Bank Holding Companies

Richmond

BV Financial, Sparrows Point, Maryland -- to conduct a minority stock issuance.
-Approved, May 4, 2021

Atlanta

Catalyst Bancorp, Inc., Opelousas, Louisiana -- to become a bank holding company by acquiring St. Landry Homestead Federal Savings Bank, Opelousas, in connection with the mutual-to-stock conversion of St. Landry Homestead Federal Savings Bank.
-Approved, May 6, 2021

San Francisco

RBAZ Bancorp, Inc., Phoenix, Arizona -- to become a bank holding company by acquiring Republic Bank of Arizona, Phoenix.
-Approved, May 7, 2021

Atlanta

Sumner Financial Corporation, Gallatin, Tennessee -- to become a bank holding company by acquiring shares of Sumner Bank and Trust, Gallatin.
-Approved, May 6, 2021

Bank Mergers

San Francisco

Commonwealth Business Bank, Los Angeles, California -- to merge with Ohana Pacific Bank, Honolulu, Hawaii, and thereby acquire two branches.
-Approved, May 5, 2021

Chicago

Community First Bank, Boscobel, Wisconsin -- to purchase certain assets and assume certain liabilities of the Lancaster branch of Wisconsin Bank & Trust, Madison, and thereby establish a branch at 305 South Madison Street, Lancaster.
-Approved, May 5, 2021

Bank Premises

Boston

Needham Bank, Needham, Massachusetts -- to increase its investment in bank premises.
-Approved, May 6, 2021

Banks, State Member

Chicago

Ally Bank, Sandy, Utah -- to make a public welfare investment.
-Approved, April 27, 2021
(A/C)

Chicago

Ally Bank, Sandy, Utah -- to make certain public welfare investments (two requests).
-Approved, May 4, 2021

San Francisco

Pacific Premier Bank, Irvine, California -- to make certain public welfare investments.
-Approved, May 3, 2021

Change in Bank Control

St. Louis

Carlisle Bancorp, Inc., Arlington, Kentucky -- Ricky L. Williams of Bardwell, Kentucky, to retain control of Carlisle Bancorp, Inc., and its subsidiary, Citizens Deposit Bank of Arlington, Inc., Arlington.
-Permitted, May 3, 2021

Philadelphia

Volunteer Bancorp, Inc., Rogersville, Tennessee -- Patriot Financial Partners, GP III, L.P.; Patriot Financial Partners III, L.P.; Patriot Financial Partners, GP III, LLC; Patriot Financial Advisors, L.P.; Patriot Financial Advisors, LLC; and Messrs. W. Kirk Wycoff, James J. Lynch, and James F. Deutsch collectively to acquire voting shares and thereby control of Volunteer Bancorp, Inc., and indirectly acquire voting shares of Civis Bank, Rogersville.
-Permitted, May 5, 2021

Extensions of Time

St. Louis

Apex Bancorp, Inc., Camden, Tennessee -- extension to August 4, 2021, to acquire voting shares of Community Capital Bancshares, Inc., Albany, Georgia, and thereby indirectly acquire AB&T.
-Granted, May 4, 2021

St. Louis

Arvest Bank, Fayetteville, Arkansas -- extension to August 12, 2021, to establish a branch at the northwest corner of Arkansas Highway 12 & SW Eden Brooke Street, Bentonville.
-Granted, May 6, 2021

Financial Holding Companies

Kansas City

Colbank Bancorp, Columbus, Nebraska -- election to become a financial holding company.
-Effective, May 7, 2021

St. Louis

First Eldorado Bancshares, Inc., Eldorado, Illinois -- election to become a financial holding company.
-Effective, May 6, 2021

Membership

Kansas City

Chisholm Trail State Bank, Wichita, Kansas -- to become a member of the Federal Reserve System.
-Approved, May 7, 2021

Regulations and Policies

Chair

Lending and Liquidity Facilities -- reports to Congress pursuant to section 13(3) of the Federal Reserve Act in response to COVID-19.
-Approved, May 7, 2021

Savings and Loan Holding Companies

Cleveland

Dollar Mutual Bancorp, Pittsburgh, Pennsylvania -- to acquire Standard AVB Financial Corp, Murrysville, and Standard Bank, PaSB.
-Approved, May 5, 2021