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 December 25, 2021


Bank Branches, Domestic

Minneapolis
B2 Holding Company, Inc., Mountain Iron, Minnesota -- to become a bank holding company by acquiring The First National Bank of Buhl, Mountain Iron, Minnesota.
-Approved, December 24, 2021

Kansas City
The Bank of Wyandotte, Wyandotte, Oklahoma -- to establish a branch at 3100 Monticello Avenue, Dallas, Texas.
-Approved, December 22, 2021

Bank Holding Companies

Richmond
Bank of the James Financial Group, Inc., Lynchburg, Virginia -- to engage in investment advisory activities through the acquisition of Pettyjohn, Wood & White, Inc., Lynchburg, Virginia.
-Approved, December 21, 2021

Minneapolis
First Interstate BancSystem, Inc., Billings, Montana -- (1) to merge with Great Western Bancorp, Inc., and thereby indirectly acquire Great Western Bank, both of Sioux Falls, South Dakota, and (2) for First Interstate Bank, Billings, Montana, to merge with Great Western Bank and thereby establish branches.
-Approved, December 22, 2021

Chicago
MidWestOne Financial Group, Inc., Iowa City, Iowa -- waiver of application to acquire Iowa First Bancshares Corp., Muscatine, Iowa, and thereby indirectly acquire First National Bank of Muscatine, Muscatine, and First National Bank of Fairfield, Fairfield, Iowa.
-Withdrawn, December 20, 2021

Atlanta
USCB Financial Holdings, Inc., Doral, Florida -- to become a bank holding company by acquiring shares of U.S. Century Bank, Doral, Florida.
-Approved, December 23, 2021

Banks, State Member

Dallas
Comerica Bank, Dallas, Texas -- to make a community development and public welfare investment.
-Approved, December 23, 2021

Secretary
The Northern Trust Company, Chicago, Illinois -- to make a public welfare investment.
-Approved, December 22, 2021

San Francisco
Pacific Premier Bank, Irvine, California -- to make a public welfare investment.
-Approved, December 22, 2021

Secretary
Silicon Valley Bank, Santa Clara, California -- to make certain public welfare investments.
-Approved, December 22, 2021

Change in Bank Control

Kansas City
Chisholm Trail Financial Corporation, Wichita, Kansas -- the Michael J. Klaassen Revocable Trust and Carol S. Klaassen Family Trust, Michael Klaassen, as trustee, all of Wichita, Kansas, to join the Klaassen Family Group, a group acting in concert, to retain voting shares of Chisholm Trail Financial Corporation and thereby indirectly retain voting shares of Stryv Bank, Wichita, Kansas. Additionally, the Michael J. Klaassen Qualified Subchapter S Trust, Michael Klaassen, as trustee, both of Wichita, Kansas; Linda J. Klaassen Revocable Trust, Linda Klaassen as trustee; Kourt Klaassen, Derek Ryan Klaassen, and Brent Klaassen, all of Whitewater, Kansas; Trevor J. Klaassen, Oklahoma City, Oklahoma; and Mitchell R. Klaassen, Frisco, Texas, to join the Klaassen Family Group, to acquire voting shares of Chisholm Trail Financial Corporation, and thereby indirectly acquire voting shares of Stryv Bank.
-Permitted, December 22, 2021

Kansas City
Citizens Commerce Corporation, Ardmore, Oklahoma -- Hailey Ruth Craighead Guadarrama and Franco M. Guadarrama, both of Ardmore, Oklahoma; to join the Craighead Family Group, a group acting in concert, to acquire voting shares of Citizens Commerce Corporation and thereby indirectly acquire voting shares of Citizens Bank & Trust Company, Ardmore, Oklahoma. Additionally, Steven Chase Martin and Holly Kaitlyn Solley Martin, both of Lone Grove, Oklahoma; Whitney Dell Martin Buck, Larry Dylan Buck, and Kyle Van Craighead, all of Ardmore, Oklahoma; Jeffrey Don Craighead, Amy K. Craighead, and Lindsay Fowler Martin, all of Norman, Oklahoma; and Megan Suzanne Craighead Engels and Christopher Engels, both of Plano, Texas, to join the Craighead Family Group to retain voting shares of Citizens Commerce Corporation and thereby indirectly retain voting shares of Citizens Bank & Trust Company.
-Permitted, December 20, 2021

Minneapolis
Financial Services of Lowry, Inc., Lowry, Minnesota -- the Paul K. Martinson Irrevocable Trust (in formation), Kari A.M. Nelson, as trustee; the Anna K. Martin Irrevocable Trust (in formation), Paul K. Martinson, as trustee; and Anna K. Martinson, all of Glenwood, Minnesota, and the Eric W. Nelson Irrevocable Trust (in formation), Kirsten R.M. Nelson, as trustee, both of Alexandria, Minnesota, to join the Nelson-Martinson Family Shareholder Group, a group acting in concert, to acquire shares of Financial Services of Lowry, Inc., and thereby indirectly acquire voting shares of Lowry State Bank, Lowry, Minnesota, and First National Bank of Osakis, Osakis, Minnesota.
-Permitted, December 21, 2021

Minneapolis
Highland Bancshares, Inc., Saint Michael, Minnesota -- Richard M. Wall, Eden Prairie, Minnesota; Elizabeth Wall Lee, Sunfish Lake, Minnesota; and John K. Wall, Wayzata, Minnesota, to retain voting shares of Highland Bancshares, Inc., and thereby indirectly retain voting shares of Highland Bank, Saint Michael, Minnesota. In addition, Richard M. Wall, as trustee to the following trusts: the 2012 Grantor Trust for Richard M. Wall and Family dated 12/26/12, the Emilie Grace Wall 2020 Irrevocable Trust dated 12/26/20, the Ericka Marie Wall 2020 Irrevocable Trust dated 12/26/20, and the Julianna Karin Wall 2020 Irrevocable Trust dated 12/26/20; John K. Wall, as trustee to the following trusts: the 2012 Grantor Trust for John K. Wall and Family dated 12/26/12, the Lauren Wall 2020 Irrevocable Trust dated 12/26/20, and the Jack Wall 2020 Irrevocable Trust dated 12/26/20; and Elizabeth Wall Lee, as trustee to the following trusts: the 2012 Grantor Trust for Elizabeth W. Lee and Family dated 12/26/12, the Kevin Connor Lee 2020 Irrevocable Trust dated 12/26/20, and the Shannon Elizabeth Lee 2020 Irrevocable Trust dated 12/26/20, all of Minneapolis, Minnesota, to join the Wall Family Control Group, a group acting in concert, to acquire voting shares of Highland Bancshares, Inc., and thereby indirectly acquire voting shares of Highland Bank.
-Permitted, December 24, 2021

Minneapolis
MSB Bankshares, Inc., Iron River, Michigan -- Gene R. Mottes, Iron River, Michigan, to acquire voting shares of MSB Bankshares, Inc., and thereby indirectly acquire voting shares of The Miners State Bank, Iron River, Michigan.
-Permitted, December 20, 2021

Atlanta
Peoples Bancorporation, Inc., Winfield, Alabama -- Sherrian M. Logan; the Dana M. Peoples Revocable Trust No. 1, Dana Peoples, as trustee; the Ann Elizabeth Murphy Family Trust, Jeffrey Collins Davis, Jr., individually and as trustee; and the Jeffrey C. Davis, Jr., Family Trust, all of Winfield, Alabama, Ann Elizabeth Murphy, individually and as trustee, Memphis, Tennessee, as a group acting in concert, to retain voting shares of Peoples Bancorporation, Inc., and thereby indirectly retain voting shares of State Bank & Trust, Winfield, Alabama.
-Permitted, December 22, 2021

Minneapolis
Plains Commerce Financial, Inc., Hoven, South Dakota -- the Jerome Hageman Stock Trust 2020, Stephen Hageman, as trustee, both of Watertown, South Dakota, to join the Hageman Family Control Group, a group acting in concert, to retain voting shares of Plains Commerce Financial, Inc., and thereby indirectly retain shares of Plains Commerce Bank, Hoven, South Dakota.
-Permitted, December 20, 2021

Minneapolis
Stearns Financial Services, Inc. Employee Stock Ownership Plan, St. Cloud, Minnesota -- Pamela J. Bjerke, Rice, Minnesota, to acquire control of the voting shares of Stearns Financial Services, Inc. (Stearns), by becoming a co-trustee of the Stearns Financial Services, Inc. Employee Stock Ownership Plan and Trust, both of St. Cloud, Minnesota, which owns Stearns, and thereby indirectly owns Stearns Bank N.A., St. Cloud, Minnesota; Stearns Bank of Upsala, N.A., Upsala, Minnesota; and Stearns Bank of Holdingford, N.A., Holdingford, Minnesota.
-Permitted, December 24, 2021

St. Louis
West Plains Bancshares, Inc., West Plains, Missouri -- the Samuel D. Gohn Irrevocable Trust, Kenneth Larry Joplin, trustee, both of West Plains, Missouri; to join the Gohn Family Control Group, a group acting in concert, to acquire voting shares of West Plains Bancshares, Inc., and thereby indirectly acquire voting shares of West Plains Bank and Trust Company, West Plains, Missouri.
-Permitted, December 21, 2021

Extensions of Time

Kansas City
Banner County Ban Corporation Employee Stock Ownership Plan and Trust, Harrisburg, Nebraska -- extension to April 1, 2022, to acquire additional voting shares of Banner County Ban Corporation and thereby indirectly acquire additional shares of Banner Capital Bank, both of Harrisburg, Nebraska.
-Granted, December 23, 2021

Atlanta
Community Bancshares of Mississippi, Inc. Employee Stock Ownership Plan, Brandon, Mississippi -- extension to March 22, 2022, 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, December 22, 2021

International Operations

Boston
State Street Bank and Trust Company, State Street International Holdings, State Street Corporation, all of Boston, Massachusetts, and their subsidiaries -- prior notice to make certain investments pursuant to Regulation K.
-No objection, December 22, 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