Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received
Actions under delegated authority PDF
Actions taken during the week ending January 14, 2023
Bank Branches, Domestic
Dallas
Frost Bank, San Antonio, Texas -- to establish a branch at 1506 South Friendswood Drive, Friendswood, Texas.
Approved: January 9, 2023
Texas Regional Bank, Harlingen, Texas -- to establish a branch at 10635 Louetta Road, Houston, Texas.
Approved: January 13, 2023
Secretary
The Northern Trust Company, Chicago, Illinois -- to establish a branch at 1700 South Pavilion Center Drive, Las Vegas, Nevada.
Approved: January 12, 2023
St. Louis
Legacy Bank & Trust Company, Mountain Grove, Missouri -- to establish a branch at 437 Coit Road, Plano, Texas.
Approved: January 12, 2023
Legacy Bank & Trust Company, Mountain Grove, Missouri -- to establish a branch at 17561 Dallas Parkway, Dallas, Texas.
Approved: January 12, 2023
Bank Holding Companies
Kansas City
Mesa West Bancorp, Farmington, New Mexico -- to become a bank holding company by acquiring Four Corners Community Bank, Farmington, New Mexico.
Approved: January 11, 2023
Philadelphia
First Commerce Bancorp, Inc., Lakewood, New Jersey -- to become a bank holding company in connection with the reorganization of First Commerce Bank, Lakewood, New Jersey.
Approved: January 10, 2023
Banks, State Member
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment. *
Approved: January 4, 2023
*Addition
Extensions of Time
Secretary
Provident Financial Services, Inc., Jersey City, New Jersey -- request to extend the comment period for the application under section 3 of the Bank Holding Company Act of 1956 to acquire Lakeland Bancorp, Inc., Oak Ridge, New Jersey, and thereby indirectly acquire Lakeland Bank, Newfoundland, New Jersey.
Denied: January 10, 2023
Financial Holding Companies
St. Louis
Taylor County Bancshares, Inc., Campbellsville, Kentucky -- election to become a financial holding company.
Effective: January 11, 2023
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 10, 2023
Savings and Loan Holding Companies
General Counsel
Home Federal Bancorp, Inc., Shreveport, Louisiana -- waivers of applications under the Bank Holding Company Act and the Home Owners' Loan Act to acquire Northwest Bancshares, Inc., and First National Bank of Benton (FNB Benton), both of Benton, Louisiana, in connection with the merger of FNB Benton and Home Federal Bank, Shreveport, Louisiana.
Granted: January 13, 2023