Board of Governors of the Federal Reserve System

Studio Financial Holdings, Inc., Nashville, Tennessee -- relief from a commitment.
Granted: July 3, 2025

Tandem Bancorp, Inc., Tucker, Georgia -- relief from a commitment.
Granted: July 2, 2025

Arneson Bancshares, Inc., Clear Lake, Iowa -- request by Mark C. Hewitt for relief from a commitment.
Granted: July 2, 2025

PSB Financial Shares, Inc., Prinsburg, Minnesota -- to acquire First Community Bank, Lester Prairie, Minnesota.
Approved: July 3, 2025

CNB Financial Corporation, Clearfield, Pennsylvania -- waiver of application to merge with ESSA Bancorp, Inc., and thereby indirectly acquire ESSA Bank & Trust, both of Stroudsburg, Pennsylvania, in connection with the merger of ESSA Bank & Trust with and into CNB Bank, Clearfield, Pennsylvania.*
Granted: June 27, 2025
*Addition

Mifflinburg Bancorp, Inc., Mifflinburg, Pennsylvania -- waiver of application to merge with Northumberland Bancorp and thereby indirectly acquire The Northumberland National Bank, both of Northumberland, Pennsylvania, in connection with the merger of The Northumberland National Bank with and into Mifflinburg Bank and Trust Company, Mifflinburg, Pennsylvania.
Granted: July 1, 2025

Farmers Bancorp, Inc., Blytheville, Arkansas -- waiver of application to acquire FMS Bancorp, Inc., Cape Girardeau, Missouri, and simultaneously merge First Missouri State Bank of Cape County, Cape Girardeau, Missouri, with and into Farmers Bank and Trust Company, Blytheville, Arkansas.
Granted: July 2, 2025

Farmers Bancorp, Inc., Blytheville, Arkansas -- waiver of application to acquire First Malden Bancshares, Inc., Malden, Missouri, and simultaneously merge First Missouri State Bank of SEMO, Kennett, Missouri, with and into Farmers Bank and Trust Company, Blytheville, Arkansas.
Granted: July 2, 2025

Farmers Bancorp, Inc., Blytheville, Arkansas -- waiver of application to acquire Poplar Bluff Bancorp, Inc., Poplar Bluff, Missouri, and simultaneously merge First Missouri State Bank, Poplar Bluff, Missouri, with and into Farmers Bank and Trust Company, Blytheville, Arkansas.
Granted: July 2, 2025

Farmers Bank and Trust Company, Blytheville, Arkansas -- to merge with First Missouri State Bank, Poplar Bluff, Missouri, and thereby establish a branch at the location of First Missouri State Bank.
Approved: July 2, 2025

Farmers Bank and Trust Company, Blytheville, Arkansas -- to merge with First Missouri State Bank of Cape County, Cape Girardeau, Missouri, and thereby establish branches at the locations of First Missouri State Bank of Cape County.
Approved: July 2, 2025

Farmers Bank and Trust Company, Blytheville, Arkansas -- to merge with First Missouri State Bank of SEMO, Kennett, Missouri, and thereby establish branches at the locations of the main office and branches of First Missouri State Bank of SEMO.
Approved: July 2, 2025

Charles Schwab Bank, SSB, Westlake, Texas -- to make a public welfare investment (two requests)*
Approved: June 24, 2025
*Addition

Goldman Sachs Bank USA, New York, New York -- to make a public welfare investment.*
Approved: June 23, 2025
*Addition

Bankwell Financial Group, Inc., New Canaan, Connecticut -- Lawrence B. Seidman and Veteri Place Corporation, both of Wayne, New Jersey; Seidman and Associates, LLC, Seidman Investment Partnership, LP, and Seidman Investment Partnership II, LP, all of Parsippany, New Jersey; Broad Park Investors, LLC, and Chewy Gooey Cookies, LP, both of Livingston, New Jersey; LSBK06-08, LLC, Palm Beach, Florida; four trusts for the benefit of minor children, Erica J. Fishman, individually and as trustee, and Craig Fishman, all of Franklin Lakes, New Jersey; and Allison B. Hammer, Towaco, New Jersey, individually and as trustee of the aforementioned trusts; as a group acting in concert, to acquire additional voting shares of Bankwell Financial Group, Inc., and thereby indirectly acquire voting shares of Bankwell Bank, New Canaan, Connecticut.
Permitted: June 30, 2025

The Bessemer Group, Inc., Woodbridge, New Jersey -- election to become a financial holding company.
Effective: July 2, 2025

Vecta, Inc., Irvington-on-Hudson, New York -- waiver of application for a to-be-formed voting trust (Trust) Mountainside, New Jersey, to acquire 100 percent of the voting shares of Vecta, Inc. (Vecta), and thereby indirectly acquire control of a savings association, Sunnyside Federal Savings and Loan Association of Irvington (Sunnyside), Irvington, New York, in connection with a previously approved Change in Bank Control Act notice by Trust to acquire voting shares of Vecta and thereby indirectly acquire voting shares of Sunnyside.*
Granted: June 16, 2025
*Addition

Jackson Financial, MHC, and Jackson Financial, Inc., both of Jackson, Minnesota -- to dispose of their subsidiary, Jackson Federal Savings & Loan Association (Jackson Bank), Jackson, Minnesota, pursuant to the proposed merger of Jackson Bank with and into Worthington Federal Savings Bank, F.S.B., Worthington, Minnesota, and to dissolve Jackson Financial, MHC, and Jackson Financial, Inc., following the disposition of Jackson Bank.
Approved: June 30, 2025