Actions under delegated authority

Actions taken during the week ending January 8, 2022

Bank Branches, Domestic

San Francisco

Cornerstone Community Bank, Red Bluff, California -- to establish a branch at 2727 Ventura Street, Anderson, California.
-Approved, January 6, 2022

Kansas City

Five Points Bank, Grand Island, Nebraska -- to establish a branch at 1229 Millwork Avenue, Omaha, Nebraska.
-Approved, January 5, 2022

Bank Holding Companies

Kansas City

First Bancorp of Oklahoma, Inc., Oklahoma City, Oklahoma -- to engage in lending activities and financial and investment advisory activities through its new wholly owned subsidiary, GLS National, LLC, Oklahoma City, as a result of acquiring assets of Guaranteed Lending Specialists, LLC, Tulsa, both of Oklahoma.
-Withdrawn, January 3, 2022

Atlanta

FSBH Corporation, Bradenton, Florida -- to become a bank holding company by acquiring outstanding shares of First Southern Bank, Waycross, Georgia.
-Approved, January 6, 2022

Dallas

The Odom AmTex Holdings Trust, Orange, Texas -- to become a bank holding company by acquiring Odom AmTex, LLC, and thereby indirectly acquire AmTex Bancshares, Inc., both of Orange; Bridge City State Bank, Bridge City; Peoples State Bank, Shepherd; and Pavillion Bank, Richardson, all of Texas.
-Approved, January 5, 2022

Banks, State Member

Secretary

Silicon Valley Bank, Santa Clara, California -- to make certain public welfare investments (three requests).
-Approved, January 5, 2022

Extensions of Time

Secretary

Amalgamated Financial Corporation, New York, New York, and Workers United, Philadelphia, Pennsylvania -- commenter's request to extend the comment period on the application to acquire by merger Amalgamated Investment Company and thereby indirectly acquire Amalgamated Bank of Chicago, both of Chicago, Illinois.
-Denied, January 7, 2022

Director, S&R

Wells Fargo & Company, San Francisco, California -- extension of time to conform or divest a merchant banking investment.
-Granted, January 6, 2022

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, January 7, 2022

Supervision and Regulation

General Counsel

Santander Holdings USA, Inc. (Santander US), Boston, Massachusetts -- application for approval of proposed internal debt "conversion trigger" that would allow the Board to order the conversion of Santander US's eligible long-term debt into common equity tier 1 capital, in accordance with the Board's total loss-absorbing capacity (TLAC) rule.
-Approved, January 5, 2022