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 July 16, 2022


Bank Branches, Domestic

Atlanta
Capital City Bank, Tallahassee, Florida -- to establish a branch at 1255 Lakes Parkway, Lawrenceville, Georgia.
-Approved, July 15, 2022

Kansas City
Chickasaw Community Bank, Oklahoma City, Oklahoma -- (1) to establish a de novo branch at 15 West 6th Street, Tulsa, Oklahoma, and (2) to increase its investment in bank premises.
-Approved, July 14, 2022

Bank Holding Companies

Kansas City
Marshall Community Bancshares, Inc., Marshall, Missouri -- waiver of application to merge with The Corder Bank, Corder, Missouri, in connection with its merger with and into Community Bank of Marshall, Marshall, Missouri.
-Granted, July 12, 2022

Kansas City
National Bank Holdings Corporation, Greenwood Village, Colorado -- to acquire by merger Community Bancorporation, Orem, Utah, and for NBH Bank, Greenwood Village, Colorado, to merge with Rock Canyon Bank, Provo, Utah, and thereby establish seven branches.
-Approved, July 15, 2022

Philadelphia
Princeton Bancorp, Inc., Princeton, New Jersey -- to become a bank holding company by acquiring The Bank of Princeton, Princeton, New Jersey.
-Approved, July 15, 2022

Bank Mergers

Minneapolis
Frandsen Bank & Trust, Lonsdale, Minnesota -- to merge with Bank of Zumbrota, Zumbrota, Minnesota, and Pine Island Bank, Pine Island, Minnesota, (collectively, Target Banks) and thereby establish branches at the locations of Target Banks' main offices and branches.
-Approved, July 15, 2022

Change in Bank Control

Dallas
Austin Colony, Inc., Lake Jackson, Texas -- the Estate of H.L. Baker, Jr., Sheri Barnhart, individually, and as executrix, the John R. Barnhart III Trust, the Matthew Barnhart Trust, and the Samantha Barnhart Trust, John Barnhart, Jr., individually, and with Sheri Barnhart, as co-trustees of all the trusts, all of Lake Jackson, Texas; to become the Barnhart Family Group, a group acting in concert, to retain voting shares of Austin Colony, Inc., and thereby indirectly retain voting shares of First National Bank, Lake Jackson, Texas. In addition, the Baker Management Trust, Sheri Barnhart, as trustee, both of Lake Jackson, Texas, to join the Barnhart Family Group to acquire voting shares of First National Bank.
-Permitted, July 11, 2022

Dallas
Central Bancshares, Inc., Houston, Texas -- Michael H. Fiuzat, Houston, Texas, to acquire voting shares of Central Bancshares, Inc., and thereby indirectly acquire voting shares of Central Bank, Houston, Texas, by becoming a trustee of both the Carolyn J. Young 2012 Trust and the John H. Young 2020 Trust, both of Houston, Texas, and a member of the Young Family Control Group.
-Permitted, July 13, 2022

Cleveland
FNB, Inc., Dennison, Ohio -- Jodi Hillyer and Kim Hillyer, both of Dennison, Ohio; Kurt Shelley, New Philadelphia, Ohio; Kim Shelley, Belmont, Maine; Tina Floyd, North Canton, Ohio; Todd Scott, Strasburg, Ohio; and the Connolly, Hillyer and Ong Law Firm, Uhrichsville, Ohio; to join the Hillyer Family Control Group, a group acting in concert, to retain voting shares of FNB, Inc.
-Permitted, July 13, 2022

St. Louis
Paducah Bank Shares, Inc., Paducah, Kentucky -- the Revocable Trust of Joseph H. Framptom, Joseph Hottle Framptom, trustee, and the Revocable Trust of Jeane B. Framptom, Jeane Banks Framptom, trustee, all of Paducah, Kentucky; to join the Framptom family control group, a group acting in concert, to acquire voting shares of Paducah Bank Shares, Inc., and thereby indirectly acquire voting shares of The Paducah Bank and Trust Company, Paducah, Kentucky.
-Permitted, July 14, 2022

Minneapolis
Security Bank Shares, Inc., Iron River, Wisconsin -- the Willard and Geraldine Ogren Revocable Trust and the Greg Ogren Descendants Separate Trust, Greg Ogren, individually and as trustee, the Scott Ogren Descendants Separate Trust, Scott Ogren, individually and as trustee, and Lori Ogren, all of Iron River, Wisconsin; and the Mark Ogren Descendants Separate Trust, Mark Ogren, individually and as trustee, both of Minnetrista, Minnesota; a group acting in concert to retain voting shares of Security Bank Shares, Inc., and thereby indirectly retain voting shares of Security State Bank, Iron River, Wisconsin, and Security Bank, New Auburn, Wisconsin.
-Permitted, July 14, 2022

Dallas
VBT Financial Corporation, San Antonio, Texas -- the Cook Memorial Trust #1, Cook Memorial Trust #4, and the Mayfair Private Trust Company, as co-trustee, all of McAllen, Texas; 15 trusts for the benefit of minor children, all of McAllen, Texas; the Mayfair Private Trust Company and Asiatrust Limited, Rarotonga, Cook Islands, as co-trustees; and Elizabeth L. Morgan, Austin, Texas, as trust protector for each of the aforementioned trusts; to join the Collins Family Control Group, a group acting in concert, to acquire voting shares of VBT Financial Corporation, and thereby indirectly acquire voting shares of Vantage Bank Texas, San Antonio, Texas
-Permitted, July 14, 2022

Secretary
Westbrand, Inc., Minot, North Dakota -- (1) the Hoeven Family Limited Liability Limited Partnership (LLLP), Bismarck, North Dakota, John H. Hoeven III and Marcela Hoeven Samson, both of Minot, North Dakota, as general partners of the LLLP; the John H. Hoeven III 2021 Irrevocable Spousal Lifetime Access Trust, Bismarck, North Dakota, a limited partner of LLLP, with First Western Bank and Trust, Minot, North Dakota, as trustee, and Jon Backes, Minot, North Dakota, as trust protector; and Marcela Hoeven Samson, individually to retain control of Westbrand, Inc., and thereby indirectly control First Western Bank and Trust, Minot, North Dakota; and (2) determination that the Hoeven Family LLLP is a qualified family partnership for purposes of the Bank Holding Company Act.
-Permitted, July 14, 2022

Forms

Director, MA, and General Counsel
Deposit Reporting Threshold -- annual assessment of the deposit reporting threshold for 2022 for the Weekly Report of Deposits (FR 2900).
-Approved, June 16, 2022
(A/C)

Membership

Richmond
Cornerstone Bank, National Association, Lexington, Virginia -- to become a member of the Federal Reserve System.
-Approved, July 14, 2022

Regulations and Policies

Secretary
System of Records -- publication for comment of a notice to modify an existing system of records, BGFRS-12, "Bank Officers Personnel System."
-Approved, July 12, 2022

Supervision and Regulation

Director, S&R
Main Index -- request by Bank of America Corporation for a determination regarding an index for purposes of the Board's capital rule.
-Granted, July 13, 2022

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