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 March 21, 2026
Bank Branches, Domestic
Dallas
First Financial Bank, Abilene, Texas -- to establish a branch at 865 South 8th Street, Beaumont, Texas.
Approved: March 19, 2026
Bank Holding Companies
Dallas
Prosperity Bancshares, Inc. (Prosperity), Houston, Texas -- waiver of filing requirement under section 3 of the Bank Holding Company Act for Prosperity to merge with Stellar Bancorp, Inc., and thereby indirectly acquire its subsidiary state member bank, Stellar Bank, both of Houston, Texas, in connection with the merger of Stellar Bank with and into Prosperity Bank, El Campo, Texas.
Granted: March 17, 2026
South Plains Financial, Inc. (South Plains), Lubbock, Texas -- waiver of filing requirement under section 3 of the Bank Holding Company Act for South Plains to acquire BOH Holdings, Inc., and thereby indirectly acquire its subsidiary state nonmember bank, Bank of Houston, both of Houston, Texas, in connection with the merger of Bank of Houston with and into City Bank, Lubbock, Texas.*
Granted: March 12, 2026
*Addition
Kansas City
Tri-County Company, Stuart, Nebraska -- to engage in insurance agency activity through its acquisition of substantially all the assets of Butte State Agency pursuant to section 225.28(b)(11)(iii)(A) of Regulation Y.
Approved: March 16, 2026
St. Louis
First Bank Corp, Fort Smith, Arkansas -- to merge with First State Banking Corporation and thereby indirectly acquire First State Bank, both of Russellville, Arkansas.
Approved: March 19, 2026
Bank Mergers
Kansas City
Chickasaw Community Bank, Oklahoma City, Oklahoma -- to merge with Oklahoma Heritage Bank, Roff, Oklahoma, and thereby retain the acquired facilities as branches.
Approved: March 18, 2026
Banks, State Member
Atlanta
Pinnacle Bank, Nashville, Tennessee -- to make certain public welfare investments, on a post-notice basis, in properties that are eligible for Federal Low Income Housing Tax Credits up to 15 percent of its capital and surplus, subject to certain conditions.
Approved: March 18, 2026
Change in Bank Control
New York
American Community Bancorp, Inc., Glen Cove, New York -- the Josephine M. Capobianco Irrevocable Gift Trust, Anthony M. Capobianco and Sandra D. Capobianco as trustees, all of Glen Cove, New York, to join the Capobianco Family Control Group, a group acting in concert, to retain voting shares of American Community Bancorp and thereby indirectly retain voting shares of American Community Bank, Glen Cove, New York.
Permitted: March 18, 2026
St. Louis
FB Corporation, Creve Coeur, Missouri -- the Dierberg Milne Foundation, Elle D. Milne as trustee, both of Santa Barbara, California, and the Dierberg Family Foundation, Michael J. Dierberg and JiaMin L. Dierberg as trustees, all of St. Louis, Missouri, to join the Dierberg Family Control Group, a group acting in concert, and acquire shares of FB Corporation and thereby indirectly acquire shares of First Bank. Creve Coeur, Missouri.
Returned: March 16, 2026
Todd Bancshares, Inc., Hopkinsville, Kentucky -- Paul Hampton, Chad Hampton, Diana Hampton, and Jase Paul Hampton, all of Pembroke, Kentucky, and Chandler Hampton, Peyton Blackmon, and Paul Reno Hampton, Jr., all of Trenton, Kentucky, as the Hampton Family Control Group, a group acting in concert, to retain voting shares of Todd Bancshares, Inc., and thereby indirectly retain control of United Southern Bank, Hopkinsville, Kentucky.
Permitted: March 20, 2026
Membership
Atlanta
M C Bank & Trust Company, Morgan City, Louisiana -- to become a member of the Federal Reserve System.
Approved: March 19, 2026
Regulations and Policies
Secretary
Rules of Procedure -- final rule to make certain technical corrections.
Approved: March 16, 2026
Supervision and Regulation
Director, S&R
Huntington Bancshares Incorporated, Columbus, Ohio -- to make certain capital distributions under the capital plan rule.
Approved: March 18, 2026