Board of Governors of the Federal Reserve System

Benchmark Community Bank, Kenbridge, Virginia -- to establish a branch at 105 South Main Street, Franklinton, North Carolina, and to increase its investment in bank premises.
Approved: March 31, 2025

Producer Bancorp, Inc., Beaumont, Texas -- to engage de novo in extending credit and servicing loans pursuant to section 225.28(b)(1) of Regulation Y.
Approved: April 2, 2025

Banner County Ban Corporation, Harrisburg, Nebraska -- relief from certain commitments.
Granted: April 1, 2025

Tescott Bancshares, Inc., Tescott, Kansas -- waiver of application to acquire First Bank of Beloit, Beloit, Kansas, in connection with the merger of First Bank of Beloit with and into Bank of Tescott, Tescott, Kansas.
Granted: April 4, 2025

Grasshopper Bancorp, Inc., New York, New York -- through its subsidiary, Grasshopper Bank, National Association, New York, New York, to acquire Auto Club Trust, FSB, Dearborn, Michigan, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y.*
Approved: March 24, 2025
*Addition

Plumas Bancorp, Reno, Nevada -- waiver of application to acquire Cornerstone Community Bancorp, Red Bluff, California, in connection with the merger of Cornerstone Community Bank, Red Bluff, California, with and into Plumas Bank, Quincy, California.
Granted: April 1, 2025

Plumas Bank, Quincy, California -- to merge with Cornerstone Community Bank, Red Bluff, California, and thereby establish branches at the locations of Cornerstone Community Bank's main office and branches.
Approved: April 1, 2025

Charles Schwab Bank, SSB, Westlake, Texas -- to make a public welfare investment.
Approved: April 3, 2025

Scott Bancshares, Inc., Bethany, Illinois -- the Myron L. Scott Trust, Myron L. Scott, as trustee, and the Barbara M. Scott Trust, Barbara Scott, as trustee, all of Bethany, Illinois; Alyssa Scott Pagel, Franklin, Tennesee; the Kristen K. Miller Revocable Trust, Todd and Kristen Miller, as co-trustees, Madelyn K. Miller, and Mason S. Miller, all of Edwardsville, Illinois; and Jamie L. Scott, Aldan, Pennsylvania; as members of the Scott Family Group, a group acting in concert, to retain voting shares of Scott Bancshares, Inc., and thereby indirectly retain voting shares of Scott State Bank, Bethany, Illinois.
Permitted: April 3, 2025

American Federal Corporation, Fargo, North Dakota -- Jeffrey A. Schumacher, Grand Forks, North Dakota; and John Schumacher, West Fargo, North Dakota; as a group acting in concert, to retain voting shares of American Federal Corporation and thereby indirectly retain voting shares of American Federal Bank, Fargo, North Dakota.
Permitted: April 2, 2025

Peoples Bancorp, Inc., Newton, Illinois -- election to become a financial holding company.
Effective: April 2, 2025

Prime Banc Corp., Effingham, Illinois -- election to become a financial holding company.
Effective: March 31, 2025

The Scott J. Seligman 1993 Long Term Irrevocable Dynasty Trust and the Scott J. Seligman 1993 Irrevocable Dynasty Trust, both of Sioux Falls, South Dakota -- to register as savings and loan holding companies and to retain voting shares of Sterling Bancorp, Inc., and thereby indirectly retain voting shares of Sterling Bank and Trust, FSB, both of Southfield, Michigan.
Withdrawn: April 2, 2025