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 28, 2025
Bank Branches, Domestic
Dallas
Citizens State Bank, Woodville, Texas -- to establish a branch at 2009 South Capital of Texas Highway, Austin, Texas.
Approved: June 23, 2025
Origin Bank, Choudrant, Louisiana -- to establish a branch at 2701 Kirby Drive, Houston, Texas.
Approved: June 27, 2025
Origin Bank, Choudrant, Louisiana -- to establish a branch at 2245 Texas Drive, Sugar Land, Texas.
Approved: June 26, 2025
Kansas City
Sundance State Bank, Sundance, Wyoming -- to establish a branch at 2530 Yukon Place, Spearfish, South Dakota, and to increase its investment in bank premises.
Approved: June 25, 2025
St. Louis
First Bank, Creve Coeur, Missouri -- to establish a branch at 6201 College Boulevard, Overland Park, Kansas.
Approved: June 27, 2025
Bank Holding Companies
Boston
River Run Bancorp, MHC, Newburyport, Massachusetts -- to merge with Rollstone Bancorp, MHC, a federally chartered savings and loan holding company, and thereby indirectly acquire Rollstone Bank & Trust, both of Fitchburg, Massachusetts, and thereby engage in operating a savings association pursuant to section 225.28(b)(4)(ii) of Regulation Y.
Approved: June 24, 2025
Chicago
Morning Sun Bank Corp., Morning Sun, Iowa -- to acquire First Trust & Savings Bank, Coralville, Iowa.
Approved: June 25, 2025
Philadelphia
Sturdy Bancorp, MHC, and its proposed subsidiary, Sturdy Bancorp, Inc., both of Stone Harbor, New Jersey -- to become bank holding companies by acquiring Sturdy Savings Bank, Stone Harbor, New Jersey, upon the conversion of Sturdy Savings Bank from mutual to stock form.
Approved: June 27, 2025
Bank Mergers
Chicago
BANK, Wapello, Iowa -- to merge with First Trust and Savings Bank, Coralville, Iowa, and thereby establish branches at 1831 2nd Street, Coralville, Iowa, and 102 Augusta Avenue, Oxford, Iowa.
Approved: June 25, 2025
Change in Bank Control
St. Louis
Citizens Bancshares of Eldon, Missouri, Inc., Eldon, Missouri -- Donnan R. Harrison III, Albany, Georgia; Peggy E. Harrison, Centennial, Colorado; Jill H. Mergelkamp, Barnett, Missouri; and Scott M. Harrison, Eldon, Missouri, individually and as trustees of the Jean Evans Harrison Trust dated September 27, 1994, Eldon, Missouri, general partner of D.R. Harrison, L.L.L.P., Barnett, Missouri, to join the Harrison Family control group, a group acting in concert, to retain voting shares of Citizens Bancshares of Eldon, Missouri, Inc., and thereby indirectly retain voting shares of Citizens Bank of Eldon, Eldon, Missouri.
Permitted: June 26, 2025
First Bancorp of Sparta, Ltd., Sparta, Illinois -- Patricia Aitken, Sparta, Illinois, to retain voting shares of First Bancorp of Sparta, Ltd., and thereby indirectly retain voting shares of The First National Bank of Sparta, Sparta, Illinois.
Permitted: June 23, 2025
Financial Holding Companies
Kansas City
Harris Taubman Financial Corporation, Fayette, Missouri -- election to become a financial holding company.
Effective: June 25, 2025
International Operations
New York
Mellon Overseas Investment Corporation, New York, New York -- Bank of New York Mellon, New York, New York, on behalf of its wholly owned Edge Act corporation subsidiary, Mellon Overseas Investment Corporation, New York, New York, to amend its articles of association pursuant to section 211.5(c) of Regulation K to extend its corporate existence pursuant to section 25A of the Federal Reserve Act.*
Approved: June 17, 2025
*Addition
Supervision and Regulation
Director, S&R
KeyCorp, Cleveland, Ohio -- to make certain capital distributions under the capital plan rule.
Approved: June 27, 2025
Stress Tests -- in consultation with the Director of the Division of Financial Stability, (1) to publicly disclose results of the 2025 stress tests and revised results of the 2024 stress tests, and (2) as applicable, to notify firms of stress capital buffer requirements and related information in connection with the 2025 stress test results and the revised 2024 stress test results.
Approved: June 26, 2025