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 21, 2025
Bank Branches, Domestic
Dallas
Benchmark Bank, Plano, Texas -- to establish a branch at 5020 Collinwood Avenue, Fort Worth, Texas.
Approved: June 17, 2025
Secretary
Farmers Bank & Trust Company, Magnolia, Arkansas -- to establish a branch at 2100 West White Street, Anna, Texas.
Approved: June 20, 2025
First Financial Bank, Cincinnati, Ohio -- to establish a branch at 120 Ottawa Avenue NW, Grand Rapids, Michigan.
Approved: June 20, 2025
Bank Holding Companies
Atlanta
MetroCity Bankshares, Inc., Doraville, Georgia -- waiver of application to acquire First IC Corporation and its subsidiary bank, First IC Bank, both of Doraville, Georgia, in connection with the merger of First IC Bank with and into Metro City Bank, Doraville, Georgia.
Granted: June 16, 2025
Director, S&R
Barclays PLC, London, England -- termination of certain commitments entered into by Barclays PLC (together with its subsidiaries and affiliates).*
Granted: June 12, 2025
*Addition
Kansas City
Chickasaw Banc Holding Company, Oklahoma City, Oklahoma -- to acquire Oklahoma Heritage Bank, Roff, Oklahoma.
Approved: June 16, 2025
Banks, State Member
New York
Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.
Approved: June 18, 2025
Change in Bank Control
Minneapolis
MidWest Bancorporation Inc., Eden Prairie, Minnesota -- the Harold G. Wahlquist Revocable Trust, Eden Prairie, Minnesota, Harold G. Wahlquist Jr., Eden Prairie, Minnesota, and Katherine M. Wahlquist, St. Louis Park, Minnesota, individually and as co-trustees; Charles P. Wahlquist, West End, North Carolina, and Andrew C. Wahlquist, Plymouth, Minnesota; to become members of the Wahlquist Family Group, a group acting in concert, to retain voting shares of MidWest Bancorporation Inc. and thereby indirectly retain voting shares of Star Bank, Maple Lake, Minnesota.
Permitted: June 17, 2025
St. Louis
Independence Bancshares, Inc., Owensboro, Kentucky -- Independence Bancshares, Inc. Employee Stock Ownership Plan (with 401(k) Provisions), Owensboro, Kentucky, and its trustees, Gregory Mullican and Phillip Riney, both of Owensboro, Kentucky; Tracy Reid, Prospect, Kentucky; and Tawna Wright and Josh Searcy, both of Calhoun, Kentucky, a group acting in concert, to retain voting shares of Independence Bancshares, Inc., and thereby indirectly retain voting shares of Independence Bank of Kentucky, Owensboro, Kentucky
Permitted: June 18, 2025
Financial Holding Companies
Dallas
Vista Bancshares, Inc., Dallas, Texas -- election to become a financial holding company.*
Effective: June 10, 2025
*Addition
International Operations
Secretary
The Northern Trust Company, Chicago, Illinois -- waiver of the remainder of the prior-notice period to establish a branch in Dublin, Ireland.
Granted: June 16, 2025