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 28, 2026
Bank Branches, Domestic
Minneapolis
Security Financial Bank, Durand, Wisconsin -- to establish a branch at 1610 Princeton Crossing, Eau Claire, Wisconsin.
Approved: March 25, 2026
Secretary
VisionBank of Iowa, Ames, Iowa -- to establish a branch at 3706 Stange Road, Ames, Iowa.
Approved: March 27, 2026
Bank Holding Companies
Atlanta
Choo Choo Bancshares, Inc., Chattanooga, Tennessee -- to become a bank holding company by acquiring outstanding shares of RockPointBank, National Association, Chattanooga, Tennessee.
Approved: March 27, 2026
Chicago
Richmond Mutual Bancorporation, Inc. (Richmond Mutual), Richmond, Indiana -- waiver of filing requirement under section 3 of the Bank Holding Company Act for The Farmers Bancorp, Frankfort, Indiana, to merge with and into Richmond Mutual and for Richmond Mutual to thereby indirectly acquire The Farmers Bancorp's subsidiary state nonmember bank, The Farmers Bank, Frankfort, Indiana, in connection with the merger of The Farmers Bank with and into First Bank of Richmond, Richmond, Indiana.*
Granted: March 13, 2026
*Addition
West Bend Bancorp. (West Bend), West Bend, Iowa -- waiver of filing requirement under section 3 of the Bank Holding Company Act for West Bend to acquire Home State Bank, Royal, Iowa, in connection with the merger of Home State Bank with and into West Iowa Bank, West Bend, Iowa.*
Granted: March 19, 2026
*Addition
Banks, State Member
Secretary
Manufacturers and Traders Trust Company, Buffalo, New York -- to make a public welfare investment (two requests).
Approved: March 27, 2026
Change in Bank Control
Atlanta
Touchmark Bancshares, Inc., Alpharetta, Georgia -- Meena Shah, Jayendrakumar J. Shah, Shveta Shah Raju, Asha Shah Prasad, Deep J. Shah, Dinesh V. Raju, Nita K. Parikh, Kiran J. Parikh, Mukund C. Raja, Dhaval S. Shah, Monal K. Shah, 455 Trust, 475 Trust, 4580 Trust, 3490 Trust, 2764 Trust, all of Duluth, Georgia; Purna N. Parikh and Purna Nitin Parikh Rev Living Trust, both of Johns Creek, Georgia; and Samir N. Sheth and Rupa S. Sheth, both of Lilburn, Georgia, to form the Shah Family Control Group, a group acting in concert, to retain voting shares of Touchmark Bancshares, Inc., and thereby indirectly retain voting shares of Touchmark Bank, Alpharetta, Georgia. Deep J. Shah also seeks prior approval to acquire voting shares of Touchmark Bancshares, Inc., and thereby indirectly retain voting shares of Touchmark Bank.
Permitted: March 26, 2026
International Operations
Secretary
State Street Bank and Trust Company, Boston, Massachusetts -- waiver of remainder of prior notice requirement and establishment of a branch in Mumbai, India, pursuant to section 211.3(b)(3) of Regulation K.
Reviewed and no objection: March 26, 2026