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 25, 2021


Bank Branches, Domestic

Atlanta
Capital City Bank, Tallahassee, Florida -- to establish a branch at 199 Roswell Street, Marietta, Georgia.
-Approved, September 24, 2021

San Francisco
Farmers and Merchants Bank of Long Beach, Long Beach, California -- to establish branches at 1702 Main Street, Santa Ana, and 401 Glenneyre Street, Laguna Beach, both in California (two applications).
-Approved, September 23, 2021

St. Louis
Monticello Banking Company, Monticello, Kentucky -- to establish branches at 275 East Main Street, Richmond, and 9900 Ormsby Station Road, Louisville, both of Kentucky (two applications).
-Approved, September 21, 2021

Bank Holding Companies

Boston
Eastern Bankshares Inc., Boston, Massachusetts -- to acquire Century Bancorp, Inc., and its subsidiary, Century Bank & Trust Company, both of Medford, Massachusetts.
-Approved, September 24, 2021

Cleveland
Farmers National Banc Corp., Canfield, Ohio -- waiver of application to acquire Cortland Bancorp and its wholly owned subsidiary, The Cortland Savings and Banking Company (CSBC), both of Cortland, Ohio, in connection with the merger of CSBC with and into The Farmers National Bank of Canfield, Canfield, Ohio.
-Granted, September 24, 2021

Kansas City
N.B.C. Bancshares in Pawhuska, Inc., Pawhuska, Oklahoma -- to acquire The American Bank, Wagoner, Oklahoma.
-Approved, September 20, 2021

Chicago
Ottawa Bancorp, Inc., Ottawa, Illinois -- (1) to become a bank holding company upon the conversion of Ottawa Savings Bank, Ottawa, Illinois, from a federally chartered savings association to a state-chartered bank and (2) to engage in extending credit and servicing loans.
-Approved, September 21, 2021

Bank Mergers

St. Louis
Community Bank, Lexington, Tennessee -- to purchase certain assets and assume certain liabilities of a branch of Decatur County Bank, Decaturville, Tennessee, and to retain the acquired facility as a branch.
-Returned, September 20, 2021

Kansas City
Equity Bank, Andover, Kansas -- to purchase certain assets and assume certain liabilities of branches of Security Bank of Kansas City, Kansas City, Kansas, and thereby establish branches at 602 Edmond Street, 401 North Woodbine Road, and 5348 Lake Avenue, all of Saint Joseph, Missouri.
-Approved, September 16, 2021
(A/C)

Change in Bank Control

Dallas
Albany Bancshares, Inc., Albany, Texas -- Jon Rex Jones; the Jon Rex Jones Dynasty Trust, Jon Rex Jones Jr. and Brenda Wilkinson Jones, as co-trustees; the Jon Rex Jones Jr. Dynasty Trust, Brenda Wilkinson Jones, as trustee; the Jon Rex Jones Jr. Trust V, Jon Rex Jones Jr., as trustee; the Debora L. Jones Trust V and the Julie Ann Jarvis Trust V, Julie Ann Jarvis, as trustee to both trusts; and the Stephen Martin Jones Trust V, Stephen Martin Jones, as trustee, all of Austin, Texas, as a group acting in concert, to retain voting shares of Albany Bancshares, Inc., and indirectly retain voting shares of First National Bank of Albany/Breckenridge, Albany, Texas. Additionally, Jon Rex Jones Jr., in his capacity as proxy with power to exercise the largest block of voting shares, to acquire additional voting shares of Albany Bancshares and thereby indirectly acquire voting shares of First National Bank of Albany/Breckenridge.
-Permitted, September 24, 2021

St. Louis
Boyle Bancorp, Inc., Danville, Kentucky -- the Peter Mahurin Revocable Trust, Peter Mahurin, trustee, Bowling Green, Kentucky, and Sarah J. Mahurin, New Haven, Connecticut, to retain additional voting shares of Boyle Bancorp, Inc., and thereby indirectly retain voting shares of The Farmers National Bank of Danville, Danville, Kentucky.
-Permitted, September 24, 2021

Minneapolis
CNB Financial Corporation, Litchfield, Minnesota -- the Beth S. Schnell Revocable Trust, Orono, Minnesota, Beth S. Schnell, trustee, Orono, Minnesota, as a member of the Sparboe family shareholder group acting in concert, to retain shares and thereby control of CNB Financial Corporation. CNB Financial Corporation controls Center National Bank, Litchfield, Minnesota.
-Permitted, September 24, 2021

Chicago
WoodTrust Financial Corporation, Wisconsin Rapids, Wisconsin -- the Steven C. Bell 2021 Investment Trust, Paula Bell, as trustee, both of Wisconsin Rapids, Wisconsin, and the Linda J. Growney Investment Trust, Madison, Wisconsin, Chad Kane, as trustee, Wausau, Wisconsin, to join the Bell Family Control Group, a group acting in concert, to acquire voting shares of WoodTrust Financial Corporation and thereby indirectly retain voting shares of WoodTrust Bank, Wisconsin Rapids, Wisconsin. Additionally, Paula Bell, a current member of the Bell Family Control Group, to individually and as trustee of the Steven C. Bell 2021 Investment Trust, both of Wisconsin Rapids, Wisconsin, acquire control of voting shares of WoodTrust Financial Corporation and thereby indirectly retain voting shares of WoodTrust Bank.
-Permitted, September 15, 2021
(A/C)

Extensions of Time

St. Louis
The Bank of Fayette County, Piperton, Tennessee -- extension to March 24, 2022, to establish a branch at 5560 Airline Road, Arlington, Tennessee.
-Granted, September 24, 2021

Atlanta
Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Brandon, Mississippi -- extension to December 22, 2021, to acquire additional voting shares of Community Bancshares of Mississippi, Inc., Brandon, and thereby indirectly acquire its subsidiary, Community Bank of Mississippi, Forest, both in Mississippi.
-Granted, September 23, 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