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 September 11, 2021


Bank Branches, Domestic

San Francisco
Farmers and Merchants Bank of Long Beach, Long Beach, California -- to establish a branch at 13612 Newport Avenue, Tustin, California.
-Returned, August 31, 2021
(A/C)

Minneapolis
First Interstate Bank, Billings, Montana -- to establish a branch at 200 SW Market Street, Portland, Oregon.
-Approved, September 7, 2021

St. Louis
FNBC Bank, Ash Flat, Arkansas -- to establish a branch at 175 West End Way, Mountain Home, Arkansas.
-Approved, September 8, 2021

St. Louis
OakStar Bank, Springfield, Missouri -- to establish a branch at 226 West 23rd Street, Ottawa, Kansas.
-Approved, September 7, 2021

St. Louis
Simmons Bank, Pine Bluff, Arkansas -- to establish branches at 1305 Robin Road, White Hall, Arkansas, and 7144 Highway 70 South, Nashville, Tennessee (two applications).
-Approved, September 9, 2021

Atlanta
SmartBank, Pigeon Forge, Tennessee -- to establish a branch at 2890 Horace Shepard Drive, Dothan, Alabama.
-Approved, September 9, 2021

Atlanta
SmartBank, Pigeon Forge, Tennessee -- to establish a branch at 1605 Medical Center Parkway, Murfreesboro, Tennessee.
-Approved, September 10, 2021

Secretary
Synovus Bank, Columbus, Georgia -- to establish a branch at 170 Saint Francis Street, Mobile, Alabama.
-Approved, September 10, 2021

Bank Holding Companies

Dallas
BAT Investments, Inc., Austin, Texas -- to become a bank holding company by acquiring Capital Bank of Texas, Carrizo Springs, Texas.
-Approved, September 8, 2021

Atlanta
DLP Bancshares, Inc., St. Augustine, Florida -- to become a bank holding company by acquiring Community State Bank Corporation and thereby indirectly acquiring Community State Bank, both of Starke, Florida.
-Withdrawn, September 10, 2021

Chicago
First Bancorp of Taylorville, Inc., Taylorville, Illinois -- to merge with Mackinaw Valley Financial Services, Inc., and thereby indirectly acquire First Security Bank, both of Mackinaw, Illinois.
-Approved, September 8, 2021

Atlanta
First Volunteer Corporation, Chattanooga, Tennessee -- to merge with FBD Holding Company, Inc., and thereby acquire its subsidiary, First Bank, both of Dalton, Georgia.
-Approved, September 9, 2021

San Francisco
Goldwater Bancorp, Inc., Phoenix, Arizona -- to become a bank holding company by acquiring Goldwater Bank, National Association, both of Phoenix, Arizona.
-Approved, September 9, 2021

Atlanta
Lafayette Banking Company, Mayo, Florida -- to become a bank holding company by acquiring shares of Lafayette State Bank, Mayo, Florida.
-Approved, September 10, 2021

Atlanta
Sunstate Bancshares, Inc., Miami, Florida -- to become a bank holding company by acquiring shares of Sunstate Bank, Miami, Florida.
-Approved, September 8, 2021

Bank Premises

St. Louis
Citizens Bank & Trust Company, Van Buren, Arkansas -- to increase its investment in bank premises.
-Approved, September 9, 2021

Banks, State Member

Chicago
Ally Bank, Sandy, Utah -- to make certain public welfare investments (two requests).
-Approved, September 10, 2021

New York
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment.
-Approved, September 7, 2021

San Francisco
Westamerica Bank, San Rafael, California -- to make a public welfare investment.
-Approved, September 8, 2021

Change in Bank Control

Chicago
Schaumburg Bancshares, Inc., Schaumburg, Illinois -- the Brian Herbstritt Revocable Trust, Chicago, Illinois, Brian Herbstritt, as trustee, River Forest, Illinois; the Deborah Herbstritt Revocable Trust, Chicago, Illinois, Deborah Maloney, as trustee, River Forest, Illinois; and the Amy Reardon Revocable Trust, Chicago, Illinois, Amy Reardon as Trustee, River Forest, Illinois, to join the Herbstritt Family Control Group, a group acting in concert, to retain voting shares of Schaumburg Bancshares and thereby indirectly retain voting shares of Heritage Bank of Schaumburg, Schaumburg, Illinois.
-Permitted, September 9, 2021

Financial Holding Companies

Chicago
Oakfield Bancorp., Inc., Oakfield, Wisconsin -- election to become a financial holding company.
-Effective, September 8, 2021

Chicago
Pedcor Financial, LLC, Carmel, Indiana -- election to become a financial holding company.
-Effective, September 10, 2021

Atlanta
Sunstate Bancshares, Inc., Miami, Florida -- election to become a financial holding company.
-Effective, September 8, 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, September 9, 2021

Savings and Loan Holding Companies

Chicago
Pedcor Financial, LLC, Carmel, Indiana -- (1) waiver of application to acquire Pedcor Capital, LLC; Pedcor Bancorp (PB); and American Capital Bancorp (ACB), all of Carmel, Indiana, and thereby indirectly acquire International City Bank, fsb (ICB), Long Beach, California; (2) waiver of application for Pedcor Financial Bancorp, Carmel, Indiana, to acquire PB and ACB and thereby indirectly acquire ICB; and (3) waiver of application for Fidelity Federal Bancorp, Evansville, Indiana, to acquire ACB and thereby indirectly acquire ICB, all in connection with the merger of ICB with and into United Fidelity Bank, fsb, Evansville, Indiana, the wholly owned bank subsidiary of PFIN.
-Granted, September 10, 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