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 June 20, 2026
Bank Holding Companies
Kansas City
B.O.E. Bancshares, Inc., Lawton, Oklahoma -- to acquire Reeves Bancshares, Inc., Gould, Oklahoma, and thereby indirectly acquire Cattlemens Bank, Altus, Oklahoma.
Approved: June 16, 2026
New York
Arrow Financial Corporation, Glens Falls, New York -- waiver of filing requirement under section 3 of the Bank Holding Company Act to merge with Adirondack Bancorp, Inc., and thereby indirectly acquire its subsidiary state member bank, Adirondack Bank, both of Utica, New York, in connection with the merger of Adirondack Bank with and into Arrow Bank National Association, Glens Falls, New York.*
Granted: June 10, 2026
*Addition
St. Louis
First State Bancorp Inc. Combined Retirement Benefit Plan and First State Bancorp, Inc., both of Caruthersville, Missouri -- waiver of filing requirement under section 3 of the Bank Holding Company Act to acquire Senath Bancshares, Inc., and thereby indirectly acquire its subsidiary state nonmember bank, Senath State Bank, both of Senath, Missouri, in connection with the merger of Senath State Bank with and into First State Bank and Trust Company, Caruthersville, Missouri.*
Granted: June 9, 2026
*Addition
Bank Mergers
St. Louis
First State Bank and Trust Company, Inc., Caruthersville, Missouri -- to merge with Senath State Bank, Senath, Missouri, and thereby establish branches at the locations of Senath State Bank's main office and branches.*
Approved: June 9, 2026
*Addition
Banks, State Member
Chicago
Busey Bank, Champaign, Illinois -- to make a public welfare investment.
Approved: June 16, 2026
CIBC Bank USA, Chicago, Illinois -- to make a public welfare investment.*
Approved: June 9, 2026
*Addition
Dallas
Charles Schwab Bank, SSB, Westlake, Texas -- to make a public welfare investment.
Approved: June 17, 2026
General Counsel
Peoples Bank, Clive, Iowa -- request for an exemption from the management interlock prohibitions under the Depository Institution Management Interlocks Act and the Board's Regulation L.*
Approved: June 10, 2026
*Addition
New York
Goldman Sachs Bank USA, New York, New York -- to make public welfare investments.*
Approved: June 9, 2026
*Addition
St. Louis
Peoples Bank & Trust Co., Troy, Missouri -- relief from certain commitments.*
Granted: June 8, 2026
*Addition
Change in Bank Control
Chicago
Capital Bancshares, Inc., Primghar, Iowa -- Jean A. Triplett and Mary S. Thomson, both of Primghar, Iowa; Steven J. Leng, Arnolds Park, Iowa; and Jan M. L. Westergard, Omaha, Nebraska, to join the Leng Family Control Group, a group acting in concert, to retain voting shares of Capital Bancshares, Inc., and thereby indirectly retain voting shares of Savings Bank, Primghar, Iowa.
Withdrawn: June 18, 2026
Luana Bancorporation, Luana, Iowa -- the Blake Schultz Irrevocable GST Trust, Sarah Schultz Freilinger, as trustee, the Sarah Schultz Freilinger Irrevocable GST Trust, Sarah Schultz Freilinger, as trustee, and the Stephanie Schultz Steele Irrevocable GST Trust, Stephanie Schultz Steele, as trustee, all of Luana, Iowa, to join the Schultz Family Control Group, a group acting in concert, to acquire voting shares of Luana Bancorporation and thereby indirectly acquire voting shares of Luana Savings Bank, Luana, Iowa.
Permitted: June 18, 2026
Kansas City
Fidelity Financial Corporation, Wichita, Kansas -- the EJH Trust 2021, Brock Hampton, as trustee, and certain minor child, all of Wichita, Kansas; the LIB Trust, the BJBM Trust, and the KMM Trust, Sarahn S. Bastian, as trustee, all of Colorado Springs, Colorado, to join the Bastian Family Control Group, a group acting in concert, to acquire voting shares of Fidelity Financial Corporation and thereby indirectly acquire voting shares of Fidelity Bank, National Association, Wichita, Kansas. Brock Hampton and Sarahn S. Bastian are members of the Bastian Family Control Group and were each previously permitted by the Federal Reserve System to acquire voting shares of Fidelity Financial Corporation in their individual capacities.
Permitted: June 17, 2026
Extensions of Time
Secretary
The Northern Trust Company, Chicago, Illinois -- extension of time to establish a branch in Dublin, Ireland, pursuant to section 211.3(b)(3) of Regulation K.*
Granted: June 11, 2026
*Addition
Supervision and Regulation
Director, S&R
Citizens Financial Group, Inc., Providence, Rhode Island -- to make certain capital distributions under the capital plan rule.
Approved: June 16, 2026
Santander Holdings USA, Inc., Boston, Massachusetts -- to make certain capital distributions under the capital plan rule.*
Approved: June 8, 2026
*Addition
General Counsel
BNP Paribas USA, Inc. (BNPP USA), New York, New York -- application for approval of proposed internal debt conversion trigger that would allow the Board to order the conversion of BNPP USA's eligible long-term debt into common equity tier 1 capital, in accordance with Regulation YY.
Approved: June 15, 2026