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 May 3, 2025
Bank Branches, Domestic
Kansas City
First Pryority Bank, Pryor, Oklahoma -- to establish a branch at 12212 East 41st Street, Tulsa, Oklahoma.
Approved: May 1, 2025
St. Louis
Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 1702 SE 8th Street, Bentonville, Arkansas.
Approved: April 29, 2025
Cadence Bank, Tupelo, Mississippi -- to establish a branch at 2201 East Fowler Avenue, Tampa, Florida.
Approved: April 30, 2025
Bank Holding Companies
Chicago
Orion Bancorporation, Inc., Orion, Illinois -- to merge with Mechanicsville Bancshares, Inc., Mechanicsville, Iowa, and thereby indirectly acquire Bridge Community Bank, Mount Vernon, Iowa.
Approved: May 1, 2025
San Francisco
Redemption Holding Company, Salt Lake City, Utah -- to become a bank holding company by acquiring Holladay Bank and Trust, Holladay, Utah.
Approved: April 29, 2025
Banks, State Member
Chicago
CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.
Approved: April 30, 2025
CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.*
Approved: April 24, 2025
*Addition
Dallas
Comerica Bank, Dallas, Texas -- to make a public welfare investment.
Approved: May 1, 2025
St. Louis
Cadence Bank, Tupelo, Mississippi -- to make a public welfare investment.*
Approved: April 22, 2025
*Addition
Change in Bank Control
Chicago
Osceola Bancorporation, Osceola, Iowa -- the E. Todd Kale Bank Stock Trust, Osceola, Iowa, Eric Todd Kale, Osceola, Iowa and Mark Walz, West Des Moines, Iowa, as co-trustees; the T. Reed Kale Bank Stock Trust, Osceola, Iowa, Mark Walz, as trustee; the Sandra S. Kale Trust, Osceola, Iowa, Mark Walz, as trustee; and the J. Fred Reed Jr. Grandchild's Trust for Bank Stock, Osceola, Iowa, Eric Todd Kale, individually, and as trustee; to join the Kale Family Control Group, a group acting in concert, to retain voting shares of Osceola Bancorporation and thereby indirectly retain voting shares of American State Bank, Osceola, Iowa.
Permitted: April 29, 2025
Kansas City
First Central Nebraska Co., Broken Bow, Nebraska -- Emma Ryan, Heartwell, Nebraska, to become a member of the Ryan Family Group, a group acting in concert, to acquire voting shares of First Central Nebraska Co. and thereby indirectly acquire voting shares of Nebraska State Bank and Trust Company, Broken Bow, Nebraska.
Permitted: May 2, 2025
Northeast Kansas Bancshares, Inc., Overland Park, Kansas -- the Kincaid Trust dated January 16, 2024, Jeff Kincaid and Pamela Kincaid, as co-trustees, all of Lenexa, Kansas; to join the Kincaid Family Group, a group acting in concert, to acquire voting shares of Northeast Kansas Bancshares, Inc., and thereby indirectly acquire voting shares of Kendall Bank, Overland Park, Kansas, as well as Orrick Financial Corporation and TBO Bank, both of Orrick, Missouri.
Permitted: May 1, 2025
Platte Valley Financial Service Companies, Inc., Scottsbluff, Nebraska -- the Henry Kosman Irrevocable Trust, dtd October 8, 2021, Torrington, Wyoming, Willa Z. Kosman and Henry Hunter Kosman, both of Scottsbluff, Nebraska, and Jennifer R. Bostic, Phoenix, Arizona, as co-trustees; the Willa Kosman Irrevocable Trust, dtd October 10, 2021, Torrington, Wyoming, Henry Howell Kosman, Scottsbluff, Nebraska, Jennifer R. Bostic, and Henry Hunter Kosman, as co-trustees; the Rudy Rothseiden Irrevocable Trust, Rudy Rothseiden, as trustee, both of Alachua, Florida; Anne Burkholder, Megan A. Burkholder, Ashley G. Burkholder, and Karyn A. Burkholder, each of Cozad, Nebraska; and a minor child of Henry Hunter Kosman, Jennifer Bostic, as custodian; to join the Kosman Family Group, a group acting in concert, to retain voting shares of Platte Valley Financial Service Companies Inc., (PVFSC), and thereby indirectly retain voting shares of Platte Valley Bank (PVBS), Scottsbluff, Nebraska; Platte Valley Bank (PVBT), Torrington, Wyoming; and Mountain Valley Bank (MVB), Walden, Colorado. In addition, Meredith Hertweck, Durham, North Carolina; to join the Kosman Family Group to acquire voting shares of PVFSC and thereby indirectly retain voting shares of PVBS, PVBT, and MVB. Willa Kosman, Jennifer Bostic, Henry Hunter Kosman, Henry Howell Kosman, and Rudy Rothseiden have previously been permitted by the Federal Reserve System to acquire shares of PVFS and are members of the Kosman Family Group.
Permitted: April 28, 2025
Minneapolis
Carlson Bankshares, Inc., New London, Minnesota -- Nicklaus Dalton and Anthony Rupp, both of Spicer, Minnesota; to become members of the Carlson Family Control Group, a group acting in concert, to acquire voting shares of Carlson Bankshares, Inc., and thereby indirectly acquire voting shares of United Minnesota Bank, New London, Minnesota.
Permitted: April 30, 2025
St. Louis
Community Financial Services, Inc. Employee Stock Ownership Plan (CFS ESOP), Benton, Kentucky -- Michael Radcliffe, Jason Jones, Kathy Seaford, all of Benton, Kentucky; Kathy Parker, Calvert City, Kentucky; and Dominic Agresta, Indianapolis, Indiana, and Shawwn Storms, Batesville, Indiana, principals of Fiduciary Trust Services, LLC, Greensburg, Indiana, as trustees of CFS ESOP, to retain voting shares of CFS ESOP and thereby indirectly retain voting shares of Community Financial Services, Inc., and Community Financial Services Bank, both of Benton, Kentucky.
Permitted: April 29, 2025