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 22, 2021


Bank Branches, Domestic

Dallas
Comerica Bank, Dallas, Texas -- to establish branches at 5647 West Lovers Lane, Dallas; the corner of Preston Road and John Hickman Parkway, Frisco; and a mobile branch in Naples, Florida (three applications).
-Approved, May 20, 2021

St. Louis
Du Quoin State Bank, Du Quoin, Illinois -- to establish a branch at 201 South Park Street, Sesser.
-Approved, May 19, 2021

Kansas City
Five Points Bank, Grand Island, Nebraska -- to establish a branch at 1303 North 205th Street, Elkhorn.
-Approved, May 21, 2021

New York
Popular Bank, New York, New York -- to establish a branch at 4502 5th Avenue, Brooklyn.
-Approved, May 19, 2021

Bank Holding Companies

St. Louis
First Paragould Bankshares, Inc., Paragould, Arkansas -- waiver of application to acquire Cumberland Bancshares, Inc., Hartsville, Tennessee, and thereby acquire Citizens Bank, in connection with the merger of Citizens Bank with and into First National Bank, Hartsville.
-Granted, May 20, 2021

St. Louis
First State Capital Corporation, Holly Springs, Mississippi -- waiver of application to acquire M&F Bancorp, Inc., Holly Springs, and thereby indirectly acquire Merchants & Farmers Bank.
-Withdrawn, May 18, 2021

Kansas City
Foote Financial Services, LLC, Hoxie, Kansas -- to acquire Stanley Bank, Overland Park.
-Approved, May 17, 2021

Director, S&R
The Goldman Sachs Group, Inc., New York, New York -- relief from certain commitments (two requests).
-Granted, May 21, 2021

Dallas
Texas Brand Bancshares, Inc., Garland, Texas -- to engage in activities permitted by 12 C.F.R. 225.28(b)(1), specifically extending credit, acquiring loans or loan participations, and selling other real estate owned from its subsidiary, Texas Brand Bank, Dallas.
-Approved, May 21, 2021

Banks, Nonmember, and Miscellaneous Institutions

Richmond
Sienna Capital Partners GP, LLC, Chicago, Illinois, and the Sienna Acquirers Group -- relief from certain commitments.
-Granted, May 14, 2021
(A/C)

Change in Bank Control

Richmond
F&M Financial Corporation, Granite Quarry, North Carolina -- Jacob S. Fisher, Salisbury, North Carolina, to retain control of voting shares of F&M Financial Corporation (F&M) obtained through his appointment as sole general partner of Fisher Woodside LP, Salisbury, North Carolina, which owns F&M, and thereby indirectly owns Farmers and Merchants Bank, Granite Quarry, North Carolina.
-Permitted, May 20, 2021

Minneapolis
Farmers State Financial Corp., Victor, Montana -- Steven Clevidence, Stevensville, Montana; the GC Heritage Trust and the MG Holdings Trust, Ryan Clevidence, trustee, all of Lolo, Montana; the Groff Heirloom Trust and the IW Holdings Trust, Sara Clevidence Waldbillig, trustee, all of Lolo, Montana; and Shane Reely, trust protector of each of the foregoing trusts, Missoula, Montana, to retain voting shares of Farmers State Financial Corp. and thereby indirectly retain voting shares of Farmers State Bank, Victor, Montana, and to join the previously approved Groff-Clevidence family control group acting in concert.
-Permitted, May 20, 2021

Extensions of Time

Secretary
Artificial Intelligence (AI) -- extension of the comment period, until July 1, 2021, on the interagency request for information on financial institutions' use of AI.
-Granted, May 14, 2021
(A/C)

Secretary
Banco Bilbao Vizcaya Argentaria, S.A., Madrid, Spain -- extension of time to comply with the requirement to establish an intermediate holding company (IHC) and hold its ownership interests in its U.S. subsidiaries through the IHC, in connection with the acquisition of BBVA USA Bancshares, Inc., Houston, Texas, by The PNC Financial Services Group, Inc., Pittsburgh, Pennsylvania.
-Granted, May 17, 2021

Minneapolis
Lake Shore III Corporation, Glenwood City, Wisconsin -- extension to August 24, 2021, 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 pursuant to 12 C.F.R. 225.28(b)(1) and (b)(3).
-Granted, May 18, 2021

St. Louis
R. Dean Phillips Bank Trust Dated 11-19-2004, Las Vegas, Nevada -- extension to August 18, 2021, for (1) Darnell Phillips, Las Vegas, Nevada; Philip M. Burns, West Point, Nebraska; Gary C. Uhland, Warsaw, Illinois; John D. Zimmer, Hannibal, Missouri; and Gary W. Penn, Quincy, Illinois; all acting as trustees of the R. Dean Phillips Bank Trust, created under the Phillips Family Trust, u/t/a dated November 19, 2004, to become a bank holding company and acquire control of (i) Great River Bancshares, Inc., Quincy, Illinois, and its subsidiary, The Hill-Dodge Banking Company, Warsaw, Illinois; (ii) T&C Bancorp, Inc., Quincy, Illinois, and its subsidiaries, Town & Country Bank Midwest, Quincy, Illinois, and North Missouri Bancorp, Inc., Edina, Missouri, and its subsidiary, The Citizens Bank of Edina, Edina, Missouri; (iii) Ambage, Inc., West Point, Nebraska, and its subsidiary, F&M Bank, Falls City, Nebraska; (iv) West Point Bancorp, Inc., West Point, Nebraska, and its subsidiaries, F&M Bank, West Point, Nebraska, and Town & Country Bank, Las Vegas, Nevada; (v) Topeka Bancorp, Inc., Topeka, Kansas, and its subsidiary, Kaw Valley Bank, Topeka, Kansas; and (vi) HNB National Bank, Hannibal, Missouri, and (2) for HNB Bancorp, Inc., Hannibal, Missouri, to become a bank holding company by acquiring HNB National Bank, Hannibal, Missouri.
-Granted, May 18, 2021

Secretary
State Street Corporation, Boston, Massachusetts -- extension of time to implement certain capital requirements.
-Granted, May 13, 2021
(A/C)

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