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 May 15, 2021


Bank Branches, Domestic

Atlanta
First Home Bank, St. Petersburg, Florida -- to establish a branch at 401 North Indian Rocks Road, Belleair Bluffs.
-Withdrawn, May 13, 2021

Richmond
Frontier Community Bank, Waynesboro, Virginia -- to establish a branch at 6000 Boonsboro Road, Lynchburg, and to operate a courier service in the city of Lynchburg and in Bedford County.
-Approved, May 14, 2021

Richmond
United Bank, Fairfax, Virginia -- to establish a branch at 250 M Street SE, Washington, D.C.
-Approved, May 12, 2021

Bank Holding Companies

New York
Blue Foundry Bancorp (a newly formed Delaware corporation) -- to become a bank holding company by merging with Blue Foundry Bancorp, Rutherford, New Jersey (a New Jersey corporation) (Blue Foundry Bancorp-NJ), and thereby indirectly acquire Blue Foundry Bank, Rutherford, in connection with the conversion of Blue Foundry, MHC, from mutual to stock form and its merger with and into Blue Foundry Bancorp-NJ.
-Approved, May 14, 2021

Atlanta
BOA Financial Corporation, Abbeville, Louisiana -- to become a bank holding company by acquiring shares of Bank of Abbeville & Trust Company, Abbeville.
-Approved, May 10, 2021

St. Louis
Evergreen Bancshares, Inc., St. Louis, Missouri -- waiver of application to acquire Rochester State Bankshares, Inc., Rochester, Illinois, and thereby indirectly acquire Rochester State Bank, Rochester, in connection with the merger of Rochester State Bank with and into American Bank of Missouri, Wellsville, Missouri.
-Granted, May 14, 2021

New York
Magyar Bancorp, Inc., New Brunswick, New Jersey -- to become a top-tier bank holding company, convert from mutual to stock form, and merge with Magyar Bancorp MHC, New Brunswick. As part of the conversion, Magyar Bancorp, MHC will cease to exist.
-Approved, May 14, 2021

St. Louis
The McGehee Bank Employee Stock Ownership Plan, McGehee, Arkansas -- to acquire additional shares of Southeast Financial Bankstock Corp., McGehee, and thereby increase its indirect control of McGehee Bank, McGehee.
-Approved, May 13, 2021

Philadelphia
PB Bankshares, Inc., Coatesville, Pennsylvania -- to become a bank holding company by acquiring Prosper Bank, Coatesville, upon its conversion from a mutual savings bank to a state-chartered stock bank, and to engage in extending credit and servicing loans pursuant to 12 C.F.R. 225.28(b)(1).
-Approved, May 13, 2021

San Francisco
Plumas Bancorp, Reno, Nevada -- waiver of application to acquire Feather River Bancorp, Inc., Yuba City, California, in connection with the merger of Bank of Feather River, Yuba City, with and into Plumas Bank, Quincy.
-Granted, May 10, 2021

St. Louis
Royal Bancshares, Inc., St. Louis, Missouri -- to acquire Saints Avenue Bancshares, Inc., New London, and thereby indirectly acquire Saints Avenue Bank, New London.
-Approved, May 11, 2021

Atlanta
TC Bancshares, Inc., Thomasville, Georgia -- to become a bank holding company by acquiring TC Federal Bank, Thomasville, in connection with the mutual-to-stock conversion of TC Federal Bank, Thomasville.
-Approved, May 14, 2021

Bank Mergers

San Francisco
Plumas Bank, Quincy, California -- to merge with Bank of Feather River, Yuba City, and thereby acquire a branch.
-Approved, May 10, 2021

Banks, State Member

Atlanta
BBVA USA (formerly known as Compass Bank), Birmingham, Alabama -- to make certain public welfare investments.
-Approved, May 14, 2021

Secretary
Silicon Valley Bank, Santa Clara, California -- to make certain public welfare investments.
-Approved, May 14, 2021

Secretary
Synovus Bank, Columbus, Georgia -- to make a public welfare investment.
-Approved, May 11, 2021

Change in Bank Control

Kansas City
Central Bancshares of Kansas City, Inc., Kansas City, Missouri -- The Marian Olander Tutera Family 2021 Irrevocable Trust, John David Cunningham, trustee; the Anthony Michael Mendolia Family 2021 Irrevocable Trust, Joseph C. Tutera, Trustee; and the John David Cunningham Family 2021 Irrevocable Trust, Joseph C. Tutera, trustee, all of Kansas City, to join the Tutera Family Group, a group acting in concert, to acquire voting shares of Central Bancshares of Kansas City and thereby indirectly acquire voting shares of Central Bank of Kansas City, Kansas City.
-Permitted, May 13, 2021

Chicago
First Lacon Corp., Lacon, Illinois -- The Norman L. Nelson Revocable Trust, Norman L. Nelson trustee; and the Diane P. Nelson Bank Stock Trust, Diane P. Nelson trustee, all of East Peoria, Illinois, to join the Nelson Family Control Group, a group acting in concert, and retain voting shares of First Lacon Corporation and thereby indirectly retain voting shares of First National Bank of Lacon, Lacon.
-Permitted, May 12, 2021

San Francisco
Golden Pacific Bancorp, Inc., Sacramento, California -- Richard B. Fowler II, Carmichael, California, and Karl K. Klessig, Santa Fe, New Mexico, as a group acting in concert, to acquire additional voting shares of Golden Pacific Bancorp, Inc., and thereby indirectly control Golden Pacific Bank, National Association, Sacramento.
-Withdrawn, May 10, 2021

Minneapolis
Leackco Bank Holding Company, Inc., Huron, South Dakota -- DDS Trust, Preston B. Steele as trustee, both of Huron, South Dakota, to acquire voting shares of Leackco Bank Holding Company, Inc., and thereby indirectly acquire American Bank & Trust, Wessington Springs.
-Permitted, May 11, 2021

Minneapolis
Waseca Bancshares, Inc., Waseca, Minnesota -- Michael P. Kampmeyer, Sunfish Lake, Minnesota; James C. Kron, Hudson, Wisconsin; the Kristi Erickson Kampmeyer Irrevocable Trust dated 2021 (Gary Vander Vorst, trustee), Sunfish Lake; Marilyn J. Kron Irrevocable Trust dated 2021 (Gary Vander Vorst, trustee), Hudson; Michael Kampmeyer Irrevocable Trust dated 2021 (Kristi Erickson Kampmeyer, trustee), Sunfish Lake; James C. Kron Irrevocable Trust dated 2021 (Marilyn J. Kron, trustee), Hudson; Claire L. Erickson Irrevocable Trust for the benefit of Kristi Erickson Kampmeyer and Descendants dated July 16, 2020 (Kristi Erickson Kampmeyer, co-trustee and Gary Vander Vorst, co-trustee), Sunfish Lake; and Claire L. Erickson Irrevocable Trust II for the benefit of Kristi Erickson Kampmeyer and Descendants dated July 16, 2020 (Kristi Erickson Kampmeyer, co-trustee and Gary Vander Vorst, co-trustee), Sunfish Lake, to acquire and/or retain voting shares of Waseca Bancshares, Inc. (Waseca BHC) and thereby join the Kampmeyer group acting in concert that collectively controls 25 percent or more of the shares and thereby controls Waseca BHC. Waseca BHC controls Lake Area Bank, Lindstrom, Minnesota, and Roundbank, Waseca.
-Permitted, May 14, 2021

Minneapolis
West 12 Bancorporation, Inc., Benson, Minnesota -- Debra Cheryl Connolly, Danvers, Minnesota, to retain voting shares of West 12 Bancorporation Inc., and thereby indirectly retain voting shares of State Bank of Danvers, Benson.
-Permitted, May 10, 2021

Extensions of Time

Secretary
A.N.B. Holding Company, Ltd., Terrell, Texas -- extension to May 31, 2021, to acquire additional shares of The ANB Corporation, Terrell, and indirectly acquire The American National Bank of Texas, Terrell.
-Granted, April 27, 2021
(A/C)

Financial Holding Companies

Minneapolis
CornerStone Holding Company, Fargo, North Dakota -- election to become a financial holding company.
-Effective, May 4, 2021
(A/C)

Savings and Loan Holding Companies

Atlanta
Cullman Savings Bank, MHC, Cullman, Alabama -- to convert from mutual to stock form. As part of the conversion, Cullman Savings Bank, MHC, and Cullman Bancorp, Inc., Cullman, an existing mid-tier savings and loan holding company, will cease to exist and Cullman Savings Bank, Cullman, will become a wholly owned subsidiary of a newly formed Maryland corporation to be known as Cullman Bancorp, Inc., Cullman, which has applied to become a savings and loan holding company.
-Approved, May 14, 2021

Philadelphia
NorthEast Community Bancorp, MHC, White Plains, New York -- to convert to stock form and merge with NorthEast Community Bancorp, Inc., White Plains, which proposes to become a savings and loan holding company by acquiring NorthEast Community Bank, White Plains.
-Approved, May 14, 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