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 June 14, 2025
Bank Branches, Domestic
Chicago
Johnson Bank, Racine, Wisconsin -- to establish a branch at 186 South City Station Drive, Sun Prairie, Wisconsin.
Approved: June 10, 2025
St. Louis
Arvest Bank, Fayetteville, Arkansas -- to establish a branch at 7908 State Avenue, Kansas City, Kansas.
Approved: June 9, 2025
Cadence Bank, Tupelo, Mississippi -- to establish a branch at 1000 East State Highway, Southlake, Texas.
Approved: June 11, 2025
Bank Holding Companies
Atlanta
FB Financial Corporation, Nashville, Tennessee -- waiver of application to merge with Southern States Bancshares, Inc., and thereby indirectly acquire its wholly owned subsidiary, Southern States Bank, both of Anniston, Alabama, in connection with the merger of Southern States Bank with and into FirstBank, Nashville, Tennessee.
Granted: June 12, 2025
Boston
ECSB Financial Corporation, Norwich, Connecticut -- to become a bank holding company by acquiring Eastern Connecticut Savings Bank, Norwich, Connecticut.
Approved: June 13, 2025
Chicago
Capra Financial, Inc., Dubuque, Iowa -- to become a bank holding company by acquiring Capra Bank, Dubuque, Iowa.
Approved: June 9, 2025
Horizon Bancorp, Inc., Michigan City, Indiana -- relief from certain commitments.
Granted: June 11, 2025
Kansas City
Community Bancorp, Inc., Chanute, Kansas -- to merge with Farmers National Bancshares, Inc., and thereby indirectly acquire Prairie Bank of Kansas, both of Stafford, Kansas.
Approved: June 13, 2025
Logan Valley Investments, LLC, Oakland, Nebraska -- to become a bank holding company by acquiring Battle Creek State Company and thereby indirectly acquiring Battle Creek State Bank, both of Battle Creek, Nebraska.
Approved: June 13, 2025
St. Louis
First State Bancorp, Inc. Combined Retirement Benefit Plan, Caruthersville, Missouri -- through its wholly owned subsidiary, SEMO SAG LLC, Caruthersville, Missouri, a Missouri limited liability company, seeks retroactive approval to engage de novo in extending credit and servicing loans pursuant to section 225.28(b)(1) of the Board's Regulation Y.
Approved: June 9, 2025
Bank Mergers
Kansas City
Verimore Bank, Brookfield, Missouri -- to merge with Clay County Savings Bank, Liberty, Missouri, and thereby establish branches in Liberty, Kansas City, and Kearney, all in Missouri.
Approved: June 13, 2025
Banks, State Member
San Francisco
Western Alliance Bank, Phoenix, Arizona -- to make a public welfare investment.
Withdrawn: June 9, 2025
Change in Bank Control
Chicago
Greenwoods Financial Group, Inc., Lake Mills, Wisconsin. -- Christopher M. George, Fremont, California, to acquire voting shares of Greenwoods Financial Group, Inc., and thereby indirectly acquire voting shares of The Greenwood's State Bank, Lake Mills, Wisconsin.
Permitted: June 9, 2025
Minneapolis
Frandsen Financial Corporation, Arden Hills, Minnesota -- Michelle Lynn Ahneman, Eau Claire, Wisconsin, to acquire control of voting shares of Frandsen Financial Corporation, Arden Hills, Minnesota (Frandsen), by becoming a co-trustee of the Dennis Frandsen 2014 Children's Trust Agreement and the Dennis Frandsen 2015 Grandchildren's Trust Agreement, which owns Frandsen, and thereby indirectly owns Frandsen Bank & Trust, Lonsdale, Minnesota.
Permitted: June 10, 2025
San Francisco
Twin City Bancorp, Inc., Longview, Washington -- Darragh Buckley, Bend, Oregon, to acquire voting shares of Twin City Bancorp, Inc., and thereby indirectly acquire voting shares of Twin City Bank, Longview, Washington.
Permitted: June 13, 2025
Membership
Chicago
Princeville State Bank, Princeville, Illinois -- to become a member of the Federal Reserve System.
Approved: June 9, 2025