Board of Governors of the Federal Reserve System

Bank of Clarke, Berryville, Virginia -- to establish a branch at 1313 Dolley Madison Boulevard, McLean, Virginia.
Approved: May 20, 2025

Generations Bank, Rogers, Arkansas -- to establish a branch at 3503 South 55th Street, Rogers, Arkansas.
Approved: May 19, 2025

U Bancshares, Inc., Knoxville, Tennessee -- to become a bank holding company by acquiring outstanding shares of UBank, Knoxville, Tennessee.
Approved: May 23, 2025

American Community Financial, Inc., Woodstock, Illinois -- relief from a commitment.*
Granted: May 12, 2025
*Addition

CFB Holding Company, Clinton, Iowa -- relief from a commitment.*
Granted: May 12, 2025
*Addition

Illinois National Bancorp, Inc., Springfield, Illinois -- relief from a commitment.*
Granted: May 15, 2025
*Addition

Old O'Brien Banc Shares, Inc., Sutherland, Iowa -- request by Darin J. Johnson for relief from a commitment involving Old O'Brien Banc Shares, Inc.*
Granted: May 12, 2025
*Addition

River Valley Bancorporation, Inc., Wausau, Wisconsin -- relief from a commitment.*
Granted: May 15, 2025
*Addition

Security Midwest Bancorp, Inc., Springfield, Illinois -- to become a bank holding company by acquiring Security Bank, S.B. (Bank), Springfield, Illinois, in connection with the conversion of Bank from mutual to stock form.
Approved: May 22, 2025

SSB Holding Co., Inc., West Des Moines, Iowa -- relief from a commitment.*
Granted: May 12, 2025
*Addition

Cornerstone Bancorp, Inc., Houston, Texas -- to become a bank holding company by acquiring Cornerstone Capital Bank, SSB, Houston, Texas.
Approved: May 23, 2025

Cadence Bank, Tupelo, Mississippi -- waiver of filing requirement under section 3 of the Bank Holding Company Act to acquire Industry Bancshares, Inc., and its six subsidiary banks: Citizens State Bank, Buffalo, Texas; Fayetteville Bank, Fayetteville, Texas; Industry State Bank, Industry, Texas; Bank of Brenham, National Association, Brenham, Texas; The First National Bank of Bellville, Bellville, Texas; and The First National Bank of Shiner, Shiner, Texas.
Granted: May 23, 2025

Genesis National Bank, N.A., Newport Beach, California -- waiver of filing requirement under section 3 of the Bank Holding Company Act to acquire EH National Bank, Beverly Hills, California.
Granted: May 23, 2025

Reconsideration of Board action -- request for reconsideration of the Board's approval of (1) the application by Capital One Financial Corporation (Capital One), McLean, Virginia, to acquire Discover Financial Services (Discover), Riverwoods, Illinois, and (2) Capital One's notice to acquire certain of Discover's nonbanking companies.
Denied: May 19, 2025

Legacy Financial, Inc., Johnson, Kansas -- to acquire BancCentral, National Association, Alva, Oklahoma.
Approved: May 20, 2025

WaFd, Inc., Seattle, Washington -- to engage de novo in trust company functions, financial and investment advisory activities, securities brokerage, and private placement services through a proposed new majority-owned subsidiary, pursuant to section 225.28(b)(5), all subsections of section 225.28(b)(6), section 225.28(b)(7)(i), and section 225.28(b)(7)(iii) of the Board's Regulation Y.*
Approved: May 13, 2025
*Addition

Cadence Bank, Tupelo, Mississippi -- to merge with First National Bank of Bellville, Bellville, Texas, and to retain the acquired facilities as branches.
Approved: May 23, 2025

Cadence Bank, Tupelo, Mississippi -- to merge with Bank of Brenham, National Association, Brenham, Texas, and to retain the acquired facilities as branches.
Approved: May 23, 2025

Cadence Bank, Tupelo, Mississippi -- to merge with Citizens State Bank, Buffalo, Texas, and to retain the acquired facilities as branches.
Approved: May 23, 2025

Cadence Bank, Tupelo, Mississippi -- to merge with First National Bank of Shiner, Shiner, Texas, and to retain the acquired facilities as branches.
Approved: May 23, 2025

Cadence Bank, Tupelo, Mississippi -- to merge with Fayetteville Bank, Fayetteville, Texas, and to retain the acquired facilities as branches.
Approved: May 23, 2025

Cadence Bank, Tupelo, Mississippi -- to merge with Industry State Bank, Industry, Texas, and to retain the acquired facilities as branches.
Approved: May 23, 2025

Comerica Bank, Dallas, Texas -- to make a public welfare investment.
Approved: May 22, 2025

Emmetsburg Bank Shares, Inc., Emmetsburg, Iowa -- Monica Anderegg, individually and as trustee of the Charles L. Sarazine Family Trust for Monica Anderegg, all of Edina, Minnesota; Lisa Elsenbast, individually and as trustee of the Charles L. Sarazine Family Trust for Lisa Elsenbast, all of Minneapolis, Minnesota; Annette Sarazine-Jensen, individually and as trustee of the Charles L. Sarazine Family Trust for Annette Sarazine-Jensen, all of Gretna, Nebraska; Julia T. Sarazine, Thomas Gorey, both of Chicago, Illinois; Frank Elsenbast, Minneapolis, Minnesota; Monte Jensen, Gretna, Nebraska; Rachel S. Jensen-Blackwell, Seward, Nebraska; and Reid C. Jensen, Fridley, Minnesota; to join the Sarazine Family Control Group, a group acting in concert, to retain voting shares of Emmetsburg Bank Shares, Inc., and thereby indirectly retain voting shares of Iowa Trust and Savings Bank, Emmetsburg, Iowa.
Permitted: May 20, 2025

Itasca Bancorp Inc., Itasca, Illinois -- Glenn E. Mensching, Jr., Teresa B. Mensching, both of Frankfort, Michigan; Jack E. Mensching, Kathleen G. Mensching, James R. Mensching, and Lynnea G. Mensching, all of Itasca, Illinois; Julie Mensching Hrejsa, Elmhurst, Illinois; to join the Mensching Family Group, a group acting in concert, to acquire voting shares of Itasca Bancorp, Inc., and thereby indirectly acquire voting shares of Itasca Bank & Trust Co., Itasca, Illinois. Additionally, Seth D. Mensching, Henry Cira Mensching, both of Ann Arbor, Michigan; Jack E. Mensching IRA, Itasca, Illinois; Michael Francis Gara, Mary Gara, both of Waterford, Wisconsin; Jeffrey Hrejsa, Elmhurst, Illinois; Julie Mensching Hrejsa as custodian for a minor child, Elmhurst, Illinois; Susan G. Kolosovsky, Jonathan G. Kolosovsky, both of Itasca, Illinois; and Susan G. Kolosovsky as custodian for minor children, Itasca, Illinois; James R. Mensching Beneficiary IRA, Itasca, Illinois; Emily Grace Mensching, Ft. Lauderdale, Florida; and Devon Elise Mensching Schubert, Pflugerville, Texas; to join the Mensching Family Group, a group acting in concert, to retain the voting shares of Itasca Bancorp, Inc., and thereby indirectly retain voting shares of Itasca Bank & Trust Co., both of Itasca, Illinois.
Permitted: May 19, 2025

Financial Sector Liabilities -- announcement under Regulation XX of the aggregate consolidated liabilities of financial companies in effect as of July 1, 2025.
Approved: May 22, 2025