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

Back to Top
Last Update: June 20, 2025