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 June 12, 2021


Bank Branches, Domestic

Kansas City
Adams Bank & Trust, Ogallala, Nebraska -- to establish branches at 1359 Interquest Parkway, Colorado Springs, Colorado, and 7251 West 20th Street, Greeley (two applications).
-Approved, June 11, 2021

St. Louis
First Bank, Creve Coeur, Missouri -- to establish a branch at 878 Eastlake Parkway, Chula Vista, California.
-Approved, June 9, 2021

Richmond
The Freedom Bank of Virginia, Fairfax, Virginia -- to establish a branch at 7900 Westpark Drive, McLean.
-Approved, June 8, 2021

Bank Holding Companies

San Francisco
Friendly Hills Bancorp, Whittier, California -- to become a bank holding company by acquiring Friendly Hills Bank, Whittier.
-Approved, June 11, 2021

Chicago
FWB Financial, Inc., Chicago, Illinois -- to become a bank holding company by acquiring FW Bank, Chicago, a de novo bank.
-Approved, June 7, 2021

Minneapolis
Global Innovations Holdings, Incorporated, Rapid City, South Dakota -- to become a bank holding company by acquiring Global Innovations Bank, Kiester, Minnesota.
-Approved, June 9, 2021

Chicago
High Point Financial Services, Inc., Forreston, Illinois -- to acquire Durand Bancorp, Inc., Durand, and thereby indirectly acquire Durand State Bank.
-Approved, June 10, 2021

St. Louis
OakStar Bancshares, Inc., Springfield, Missouri -- to acquire First Colorado National Bank, Paonia, Colorado.
-Approved, June 10, 2021

Bank Mergers

St. Louis
The Central Trust Bank, Jefferson City, Missouri -- to merge with Central Bank of Audrain County, Mexico; Central Bank of Boone County, Columbia; Central Bank of Branson, Branson; Central Bank of Lake of the Ozarks, Osage Beach; Central Bank of Moberly, Moberly; Central Bank of Sedalia, Sedalia; Central Bank of St. Louis, Clayton; Central Bank of the Midwest, Lee's Summit; Central Bank of the Ozarks, Springfield; Central Bank of Warrensburg, Warrensburg; Jefferson Bank of Missouri, Jefferson City; and Central Bank of Oklahoma, Tulsa, Oklahoma, and to retain the acquired facilities as branches.
-Approved, May 28, 2021
(A/C)

Chicago
Iowa State Bank, Hull, Iowa -- to merge with Melvin Savings Bank, Melvin, and thereby establish branches at 260 Main Street, Melvin, and 721 2nd Avenue, Sibley.
-Approved, June 10, 2021

Change in Bank Control

Kansas City
Bruning Bancshares, Inc., Bruning, Nebraska -- Fred D. Bruning, Bruning, and Jane A. Tonniges, Omaha, as members of the Bruning Family Group, individually, and as trustees of family trusts listed below, to retain voting shares of Bruning Bancshares, Inc. (Bancshares). In addition, the Frank L. Bruning Nonqualifying Trust Share created under the Last Will and Testament of Frank L. Bruning, Bruning, Fred D. Bruning and Jane A. Tonniges, co-trustees; the Fred D. Bruning 2020 Irrevocable Trust, Penni J. Bruning, trustee, both of Bruning, and Dennis C. Stara, special-purpose trustee, Lincoln; the Jane A. Tonniges Revocable Trust, Omaha, Jane A. Tonniges, trustee; the Mary B. Bruning Revocable Trust, Mary B. Bruning, co-trustee, both of Bruning, and Fred D. Bruning and Jane A. Tonniges, co-trustees; Adam F. Bruning, Hebron; Reiss L. Bruning, Bruning; Christopher Tonniges, Omaha; and Dennis C. Stara, Lincoln, to join the Bruning Family Group, a group acting in concert, to retain voting shares of Bancshares and indirectly retain voting shares of Bruning Bank, Bruning.
-Permitted, June 9, 2021

Chicago
Drake Holding Company, Radcliffe, Iowa -- the Richard R. Drake Family Trust, Radcliffe, with Cynthia A. Shirar, Marshalltown; Edwin A. Drake, West Des Moines; and Bryan S. Drake, Radcliffe, all individually and as co-trustees, to join the Drake Family Control Group, a group acting in concert, to retain voting shares of Drake Holding Company and indirectly retain voting shares of Security State Bank, Radcliffe.
-Withdrawn, June 9, 2021

San Francisco
East West Bancorp, Inc., Pasadena, California -- the Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire additional voting shares of East West Bancorp, Inc., and thereby acquire additional voting shares of East West Bank, Pasadena.
-Permitted, June 11, 2021

Kansas City
First Centralia Bancshares, Inc., Centralia, Kansas -- the Bruce L. Bachman Trust for Whitney E. Martin dated December 29, 2020, and Whitney E. Martin, as trustee, both of Leawood, and the Bruce L. Bachman Trust for Tyler J. Bachman dated December 29, 2020 (TJB Trust), Tyler J. Bachman, trustee, both of Shawnee, to retain shares of First Centralia Bancshares, Inc. and to join the Bachman Family Control Group, a group acting in concert, and thereby indirectly retain shares of First Heritage Bank, Centralia. Tyler J. Bachman, trustee of the TJB Trust, previously was approved as a member of the Bachman Family Control Group.
-Permitted, June 7, 2021

Cleveland
Huntington Bancshares, Inc., Columbus, Ohio -- the Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire additional voting shares of Huntington Bancshares, Inc. and thereby indirectly acquire additional voting shares of Huntington National Bank, Columbus.
-Permitted, June 11, 2021

Kansas City
NBM Corporation McAlester, Oklahoma -- Matthew M. McGowan, McAlester, as trustee of various family trusts listed below, and as trustee of the NBM Corporation 401(k) Employee Stock Option Plan, McAlester; the Matthew M. McGowan Revocable Trust and the McGowan Children's Trust, both of Oklahoma City, Matthew M. McGowan, trustee; the Mary Nancy McGowan Revocable Trust UTA, Oklahoma City, Mary N. McGowan, trustee, McAlester; the Michelle Tompkins Living Trust, Michelle McGowan Tompkins, trustee, both of Oklahoma City; Michal Shannon McGowan Helvey and Hannah McGowan Hughes, both of Edmond; William McGowan and Madeline McGowan, both of McAlester; Michael J. Tompkins, Tulsa; Pendleton T. Tompkins, Oklahoma City; and certain minor children of the listed individuals to join the McGowan Family Group, a group acting in concert, to retain voting shares of NBM Corporation and thereby indirectly retain voting shares of The Bank, National Association, McAlester.
-Permitted, June 7, 2021

New York
Sterling Bancorp, Pearl River, New York -- the Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire additional voting shares of Sterling Bancorp and thereby indirectly acquire additional voting shares of Sterling National Bank, Pearl River.
-Permitted, June 11, 2021

Boston
Webster Financial Corporation, Waterbury, Connecticut -- the Vanguard Group, Inc., Malvern, Pennsylvania, on behalf of itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard, to acquire additional voting shares of Webster Financial Corporation and thereby indirectly acquire additional voting shares of Webster Bank, National Association, Waterbury.
-Permitted, June 11, 2021

Extensions of Time

Kansas City
Bern Bancshares, Inc., Bern, Kansas -- extension to September 6, 2021, to acquire shares of UBT Bancshares, Inc., Marysville, and thereby indirectly acquire United Bank & Trust.
-Granted, June 7, 2021

Director, S&R
Citigroup Inc., New York, New York -- extension of time to conform or divest a merchant banking investment.
-Granted, June 8, 2021

Secretary
First Bank Corp., Fort Smith, Arkansas -- commenter's request to extend the comment period on the application to acquire by merger Central Bancshares of Poteau, Inc., Poteau, Oklahoma, and thereby indirectly acquire Central National Bank of Poteau.
-Denied, June 11, 2021

Richmond
First Sentinel Bank, Richlands, Virginia -- extension to October 8, 2021, to establish a branch at 329 Ingleside Road, Princeton, West Virginia.
-Granted, June 8, 2021

St. Louis
The Peoples Bancorp, Inc., Newton, Illinois -- extension to September 16, 2021, to become a bank holding company by acquiring The Peoples State Bank of Newton, Illinois, Newton.
-Granted, June 10, 2021

Financial Holding Companies

Dallas
Veritex Holdings, Inc., Dallas, Texas -- election to become a financial holding company.
-Effective, June 11, 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, June 8, 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