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 August 2, 2025
Bank Branches, Domestic
New York
Metropolitan Commercial Bank, New York, New York -- to establish a branch at 311 Boulevard of the Americas, Lakewood, New Jersey.
Approved: July 31, 2025
Bank Holding Companies
Chicago
UIR Acceptance Corporation, Lemont, Illinois -- to become a bank holding company by acquiring Easton Bancshares, Inc., and thereby indirectly acquiring Community Bank of Easton, both of Easton, Illinois.
Approved: July 31, 2025
Dallas
Safehands Capital Holdings, Inc., Southlake, Texas -- to become a bank holding company by acquiring Quanah Financial Corporation and thereby indirectly acquiring First Capital Bank, both of Quanah, Texas.
Withdrawn: July 28, 2025
Kansas City
Topeka Bancorp, Inc., Topeka, Kansas -- termination of a commitment.
Granted: July 28, 2025
Richmond
Miners and Merchants Bancorp, Inc., Grundy, Virginia -- to acquire First Community Corporation and thereby indirectly acquire First Community Bank (FCB) of East Tennessee, both of Rogersville, Tennessee. Additionally, TruPoint Bank, Grundy, Virginia, to merge with FCB of East Tennessee and thereby operate FCB of East Tennessee's branches.
Approved: July 31, 2025
Banks, State Member
Dallas
Charles Schwab Bank, SSB, Westlake, Texas -- to make a public welfare investment.
Approved: July 30, 2025
Change in Bank Control
Atlanta
Peoples Bancshares of Tennessee, Inc., Madisonville, Tennessee -- C. Paul Harrison, Mary Harrison, and Max W. Waibel, all of Knoxville, Tennessee; John Harrison, Celia Harrison, Charles Allen Harrison, and Dorothy Barr, all of Philadelphia, Tennessee; Steve Harrison, Beverly Harrison, and Rebecca Harrison Dyer, all of Loudon, Tennessee; to form the Harrison Family Control Group, a group acting in concert, to retain voting shares of Peoples Bancshares of Tennessee, Inc., and thereby indirectly retain voting shares of Peoples Bank of East Tennessee, Madisonville, Tennessee.
Permitted: July 28, 2025
Kansas City
Plains Bancshares, Inc., Plains, Kansas -- Brady Larson, Larson Ranch LLC, both of Leoti, Kansas; Kathryn Century Trust, C3K Holdings, LLC, both of Atlanta, Georgia; and The ABC Giles Irrevocable Trust, Byers, Kansas; to become members of the Clawson Family Control Group, a group acting in concert, to retain voting shares of Plains Bancshares, Inc., and thereby indirectly retain voting shares of Bank of the Plains, Plains, Kansas.
Permitted: July 30, 2025
Minneapolis
Farmers State Corporation, Mankato, Minnesota -- the Susan G. Sneer GST Exempt Family Trust, James G. Sneer and Stuart J. Sneer as co-trustees, all of Mankato, Minnesota; to join the Sneer Family Shareholder Group, a group acting in concert, to retain voting shares of Farmers State Corporation, Mankato, Minnesota, and thereby indirectly retain voting shares of United Prairie Bank, Mountain Lake, Minnesota.
Permitted: July 29, 2025