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 17, 2022


Bank Branches, Domestic

Dallas
Third Coast Bank, SSB, Humble, Texas -- to establish a branch at 1910 West Lake Houston Parkway, Kingwood, Texas.
-Approved, September 12, 2022

Philadelphia
Univest Bank and Trust Co., Souderton, Pennsylvania -- to establish a branch at 1501 Ardmore Boulevard, Pittsburgh, Pennsylvania.
-Approved, September 16, 2022

Bank Holding Companies

Minneapolis
Bank Forward Employee Stock Ownership Plan and Trust, Fargo, North Dakota -- to acquire voting shares of Security State Bank Holding Company and thereby indirectly acquire voting shares of Bank Forward, both of Fargo, North Dakota.
-Approved, September 12, 2022

Atlanta
CB&T Holding Corporation, New Orleans, Louisiana -- relief from certain commitments.
-Granted, September 8, 2022
(A/C)

Kansas City
First Southwest Bancorporation, Inc., Alamosa, Colorado -- to engage in data processing activities through its subsidiary, HelloBello Financial, Inc., Durango, Colorado.
-Approved, September 16, 2022

San Francisco
Infinity Bancorp, Santa Ana, California -- to become a bank holding company by acquiring Infinity Bank, San Diego, California.
-Approved, September 16, 2022

Kansas City
National Bank Holdings Corporation, Greenwood Village, Colorado -- to merge with Bancshares of Jackson Hole, Inc., Jackson, Wyoming, and thereby indirectly acquire Bank of Jackson Hole, Jackson, Wyoming (Wyoming Bank), and for NBH Bank, Greenwood Village, Colorado, to purchase certain assets and assume certain liabilities of the branches of Wyoming Bank, and thereby establish twelve branches.
-Approved, September 15, 2022

Change in Bank Control

Philadelphia
Avidbank Holdings, Inc., San Jose, California -- Patriot Financial Partners, IV, L.P., Patriot Financial Partners GP IV, L.P., Patriot Financial Partners GP IV, LLC., Patriot Financial Partners Parallel IV L.P., Patriot Financial Advisors, L.P., Patriot Financial Advisors LLC, W. Kirk Wycoff, James J. Lynch, and James F. Deutsch, all of Radnor, Pennsylvania; to acquire voting shares of Avidbank Holdings, Inc., and thereby indirectly acquire voting shares of Avidbank, San Jose, California.
-Permitted, September 16, 2022

Chicago
Britt Bancshares, Inc., St. Paul, Minnesota -- the Timothy A. Sexton Revocable 2021 Trust, Timothy A. Sexton as trustee, both of Randalia, Iowa; the Thomas J. Sexton Trust, Thomas J. Sexton as trustee, the Mark J. Sexton Grantor Trust, Mark J. Sexton as trustee, the Jennifer S. Walther Grantor Trust, Jennifer S. Walther as trustee, all of St. Paul, Minnesota; and the Andrew G. Sexton Grantor Trust, St. Paul, Minnesota, Andrew G. Sexton as trustee, Cedar Falls, Iowa; to become members of the Sexton Family Control Group, a group acting in concert, to retain voting shares of Britt Bancshares, Inc., and thereby indirectly retain voting shares of First State Bank, Britt, Iowa.
-Permitted, September 13, 2022

Minneapolis
Frandsen Financial Corporation Arden Hills, Minnesota -- the Robert D. Frandsen Revocable Trust U/A dated November 18, 2021, Robert D. Frandsen, as trustee, and the Rennaye M. Frandsen Revocable Trust U/A dated November 18, 2021, Rennaye M. Frandsen, as trustee, all of Rush City, Minnesota; to become members of the Frandsen Family Control Group, a group acting in concert, to retain voting shares of Frandsen Financial Corporation, and thereby indirectly retain voting shares of Frandsen Bank & Trust, Lonsdale, Minnesota; Bank of Zumbrota, Zumbrota, Minnesota; and Pine Island Bank, Pine Island, Minnesota (the Banks). Additionally, Amy Knox, Palm Desert, California; Alexander Knox, White Bear Lake, Minnesota; Luca Bonvicini, White Bear Lake, Minnesota; Elena Bonvicini, Laguna Beach, California; Brittany Frandsen, Minneapolis, Minnesota; Johnay Frandsen, Minneapolis, Minnesota; and Frandsen Family Foundation, North Branch, Minnesota, Dennis Frandsen, as trustee, Rush City, Minnesota; to become members of the Frandsen Family Control Group, a group acting in concert, to acquire voting shares of Frandsen Financial Corporation, and thereby indirectly acquire voting shares of the Banks.
-Permitted, September 14, 2022

St. Louis
Mid-MO Bancshares, Inc., Auxvasse, Missouri -- the Kurt A. Schubert Heritage Trust dated February 7, 2022, and Kurt A. Schubert, as trustee, both of Jefferson City, Missouri, to acquire voting shares of Mid-MO Bancshares, Inc., and thereby indirectly acquire voting shares of United Security Bank, Fulton, Missouri.
-Permitted, September 14, 2022

Extensions of Time

Kansas City
Blue Sky Bank, Pawhuska, Oklahoma -- extension to December 16, 2022, to purchase certain assets and assume certain liabilities of a branch of Security State Bank of Oklahoma, Wewoka, Oklahoma, located at 308 North Main Street, Fairfax, Oklahoma, and thereby establish a branch.
-Granted, September 13, 2022

Cleveland
F.N.B. Corporation, Pittsburgh, Pennsylvania -- extension to December 18, 2022, to acquire UB Bancorp and thereby indirectly acquire Union Bank, both of Greenville, North Carolina.
-Granted, September 13, 2022

St. Louis
Farmers Bank & Trust Company, Magnolia, Arkansas -- extension to March 15, 2023, to establish a branch at 3000 Lamar Avenue, Paris, Texas.
-Granted, September 15, 2022

St. Louis
Montgomery Bancorporation, Inc., Sikeston, Missouri -- extension to December 21, 2022, to merge with Meramec Valley Bank, Valley Park, Missouri, and thereby establish two branches.
-Granted, September 15, 2022

St. Louis
Simmons Bank, Pine Bluff, Arkansas -- extension to December 31, 2022, to establish a branch at 1305 Robin Road, White Hall, Arkansas.
-Granted, September 15, 2022

New York
TBB Investments LLC, and TBB Intermediate LLC, both of New York, New York -- extension to December 15, 2022, to become bank holding companies by acquiring voting shares of Berkshire Bancorp, Inc., and thereby indirectly acquire The Berkshire Bank, both of New York, New York, and for TBB Intermediate LLC to merge with and into Berkshire Bancorp, Inc.
-Granted, September 13, 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, September 12, 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