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 February 7, 2026
Bank Branches, Domestic
Chicago
The Bank of Brodhead, Brodhead, Wisconsin -- to establish a branch at 735 Sunnyside Drive, Milton, Wisconsin.
Approved: February 5, 2026
Dallas
Charles Schwab Bank, SSB, Westlake, Texas -- to establish a branch at 2360 Corporate Circle, Henderson, Nevada.
Approved: February 4, 2026
Bank Holding Companies
Atlanta
Madison Community Bancshares Corporation, Madison, Florida -- relief from certain commitments.*
Granted: January 29, 2026
*Addition
General Counsel
Fifth Third Bancorp (Fifth Third), Cincinnati, Ohio -- request for reconsideration of the Board's approval for Fifth Third to acquire Comerica Incorporated, Dallas, Texas, and thereby indirectly acquire Comerica Bank, Dallas, Texas, and Comerica Bank & Trust, National Association, Ann Arbor, Michigan.
Denied: February 2, 2026
Minneapolis
PSB Financial, Inc., Deer Lodge, Montana -- to become a bank holding company by acquiring Pioneer State Bank, Deer Lodge, Montana, upon the conversion of Pioneer Federal Savings & Loan Association, from mutual to stock form.
Approved: February 2, 2026
St. Louis
Stark Bancshares, Inc., Bolivar, Missouri -- relief from certain commitments.
Granted: February 6, 2026
Banks, State Member
St. Louis
FNB Oxford Bank, Oxford, Mississippi -- two requests for retroactive approval to make certain public welfare investments.
Approved: February 3, 2026
Change in Bank Control
Kansas City
BancFirst Corporation, Oklahoma City, Oklahoma -- Adam Duston Rainbolt Trust I; Jacob Patrick Rainbolt Trust I; and Samuel Johnson Rainbolt Trust I, all of Oklahoma City, Oklahoma, and trustee and trust supervisor David E. Rainbolt and trust supervisor Dana Kim Rainbolt, all of Oklahoma City, Oklahoma, of the aforementioned trusts; Dana Kim Rainbolt Revocable Trust, Oklahoma City, Oklahoma, co-trustees and trust supervisors David E. Rainbolt and Dana Kim Rainbolt, and trust supervisors Samuel Johnson Rainbolt and Jacob Patrick Rainbolt, all of Oklahoma City, Oklahoma, to become members of the Rainbolt Family Control Group, a group acting in concert, to retain voting shares of BancFirst Corporation and thereby indirectly retain voting shares of BancFirst, Oklahoma City, Oklahoma; Pegasus Bank, Dallas, Texas; Worthington Bank, Arlington, Texas; and American Bank of Oklahoma, Collinsville, Oklahoma. David E. Rainbolt has previously been permitted by the Federal Reserve System to acquire control of voting shares of BancFirst Corporation and David E. Rainbolt, Adam Duston Rainbolt, Samuel Johnson Rainbolt, and Jacob Patrick Rainbolt are current members of the Rainbolt Family Control Group.
Permitted: February 4, 2026
Minneapolis
American Federal Corporation, Fargo, North Dakota -- Brianna Klegstad, Hallock, Minnesota, to retain voting shares, and together with John A. Schumacher, West Fargo, North Dakota, and Jeffrey A. Schumacher, Grand Forks, North Dakota, as a group acting in concert, to retain voting shares of American Federal Corporation, and thereby indirectly retain voting shares of American Federal Bank, Fargo, North Dakota.
Permitted: February 3, 2026
St. Louis
West Tennessee Bancshares, Inc., Bartlett, Tennessee -- Justin Byrd, individually and as trustee of The Robert C. Byrd, Sr. Irrevocable Trust, both of Germantown, Tennessee; Christina Byrd, New York, New York; Carson Byrd, Los Angeles, California; Robert C. Byrd, Jr., Denver, Colorado; and Lauren Byrd, Memphis, Tennessee, to join the Byrd Family Control Group, a group acting in concert, and retain voting shares of West Tennessee Bancshares, Inc., and thereby indirectly retain voting shares of the Bank of Bartlett, Bartlett, Tennessee
Permitted: February 4, 2026
Extensions of Time
Director, S&R
Wells Fargo & Company, San Francisco, California -- extension of time to divest or conform a merchant banking investment.
Granted: February 6, 2026
Financial Holding Companies
San Francisco
Bank of Hawaii Corporation, Honolulu, Hawaii -- election to become a financial holding company.
Effective: February 3, 2026
Membership
Philadelphia
CNB Bank, Clearfield, Pennsylvania -- to become a member of the Federal Reserve System.
Approved: February 6, 2026
Savings and Loan Holding Companies
Cleveland
First Mutual Holding Co., Lakewood, Ohio -- to acquire The Savings and Loan Association of Centerburg, Centerburg, Ohio.
Approved: February 2, 2026